Payza Scam and Fraud Prevention Oct. 2013 | Page 10

PAYZA FRAUD – 4 TYPES YOU SHOULD KNOW ABOUT

3. Craigslist Fraud: This type of Payza fraud has been around as long as payment
processors have existed. There are two kinds: one in which a person is selling something
of great value on Craigslist, and one in which a person is buying something of value on
Craiglist.
With the prior, the seller is always approached by someone who wants to buy the item,
sight unseen, and sometimes for more than the asking price. This scammer will tell them
that Payza is holding the money for them, and to send off the item. Often people send
the item before checking with Payza, and soon find out that there is no money waiting for
them.
The latter involves an interested customer sending money to a scammer for an item they
want. The scammer tells them that Payza is holding the item, and that they must claim it
from them. They may be issued a fake transaction or tracking number. The buyer, who
may or may not have already sent the funds, will inevitably find out that there is no item
being held by Payza.
4. 419 Scams: This is a common brand of fraud in which the target will receive an email
from someone who claims to need assistance, and is offering the person a chance to get
in on a percentage of millions of dollars, but must first send money to international bank
accounts in order to pay taxes, bribes and other fees. The scammer always promises that
the money will be reimbursed and that they will receive a big payoff for their help. Payza
is brought into this scam when the scammer requests payment through the Send Money
feature, and withdraws the funds to their bank account before the defrauded person finds
out they have been scammed.

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