PayPal is a safe and secure online payment system where you can send and receive money and pay for things.
They spend millions on security measures that protect the users.
They use security measures like SSL data encryption, security keys, and fraud monitoring.
However, there is only so much digital security can do to protect you from scammers. Scammers can steal your personal information, money, or more by using PayPal.
How to get your money back if you were scammed?
Even if you get scammed, PayPal has policies that protect you against all types of fraud.
You can get your money back by using the PayPal purchase protection plan, canceling pending payments, and requesting chargebacks through your credit card.
How to use the purchase protection plan?
When you buy an item, the protection plan will reimburse you if the product does not match the description or if the order does not arrive.
First, you must file a dispute with the seller. You have 180 days after the purchase to make one. If the seller does not respond, you must make a claim with PayPal.
Visit the Resolution Center on PayPal, click on Report a Problem, find the transaction and click Continue.
Then click on I Want to Report Unauthorized Activity and open your dispute. After that, you have 20 days to contact the seller for a refund.
If that does not help, go back to the dispute and click Escalate. PayPal will then make a claim and investigate. Once they reach a resolution, they will email you.
If you think you are being scammed and want to cancel a pending payment, you can cancel it and get a refund.
First, go to your PayPal account summary, find the payment, and click Cancel Payment.
Most scammers accept payments the second they are placed.
If you paid with your bank account or credit card, you can utilize chargebacks to get your money back.
First, inform your bank about the fraud and request a chargeback.
When a chargeback request is received, PayPal will freeze the amount in the seller’s account.
When it comes to banks and credit card companies, most of them require a chargeback process initiation within 60 days.
If scammers hack into your account or steal your password, you can file a case with PayPal.
First, log into your PayPal account, visit the Resolution Center and click on Report a Problem. When you find that transaction, click on Continue. Then click on I Want to Report Unauthorized Activity and follow the instructions to open the dispute.
If you want to take precautions to secure your account, enable two-factor authentication, update your password, and security questions.
If a scammer has locked you out of your PayPal account, reset your password and alert your bank and the main credit bureaus of fraud.
PayPal is one of the most secure online payment systems, but nothing will stop scammers from trying to harm people. It is always good to take safety measures, but if you ever happen to run into security problems, PayPal has policies that help protect you from fraud and that can help you get your money back.