5 Money Scams That Need To Be Illegal

The video is about five money scams that need to be illegal, including scams involving PayPal, credit card chargebacks, impersonating banks, fake cashier's checks, and fraudulent transactions on Venmo, Cash App, or PayPal.

This video by Daniel Iles was published on Jan 16, 2023.
Video length: 04:34.

The video discusses five money scams that the creator believes should be illegal.

The scams range from fake PayPal transactions to fake airpod purchases, and the video emphasizes the importance of using credit cards for protection. It also warns viewers about scams involving phone calls from fake banks and cashier's check scams.

The video concludes by highlighting the prevalence of money scams and the need for viewers to be cautious.

• Scammers may try to gain access to your PayPal account by asking for a code sent to your phone.
• Be cautious of password reset notifications that may be from scammers trying to obtain your real password.
• Using a credit card allows you to dispute transactions and get your money back.

5 Money Scams That Need To Be Illegal - YouTube

Scam involving PayPal, credit card chargebacks, and impersonating banks

• Scammers may ask for a code sent to your phone to gain access to your PayPal account.
• Be cautious of password reset notifications that may be from scammers trying to obtain your real password.
• Using a credit card allows you to dispute transactions and get your money back.
• Impersonators may call claiming to be your bank and try to get you to authorize a transaction.
• Hang up and call your bank using the official number on your card to verify the call.

Scam involving fake cashier's checks and fraudulent transactions on Venmo, Cash App, or PayPal

• Scammers may offer to pay you extra with a cashier's check for an item you're selling.
• They will ask you to deposit the check and then transfer the excess money back to them.
• The check will eventually bounce, and you will lose the money and the item.
• Scammers may also trick you into sending money from the wrong account on payment apps.
• They will then repeat the transaction, but in reality, neither account had any money.

Watch the video on YouTube:
5 Money Scams That Need To Be Illegal - YouTube