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Singapore
 

Beware online cheats posing as PayPal

Police looking into 27 cases; victims swindled out of about $33,000

Published on Jul 22, 2014 6:18 AM
 
Police are investigating at least 27 cases of an online scam in which victims were duped of around $33,000 after receiving fake e-mail notifications. -- ST PHOTO: DESMOND FOO

Police are investigating at least 27 cases of an online scam in which victims were duped of around $33,000 after receiving fake e-mail notifications.

The tricksters posed as online payment giant PayPal and sent the e-mails to sellers on various e-commerce sites such as Gumtree, eBay and STClassifieds pretending that payments had been made for fake transactions.

The sellers then shipped goods such as dresses, cellphone accessories and bags - for which they were never paid - to the overseas address given.

Police have warned online sellers always to verify payments using their PayPal accounts before sending merchandise.

 
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Background story

Currently, there are 500,000 active registered PayPal accounts in Singapore. According to PayPal figures, the value of the online e-commerce market is expected to reach $4.4 billion by next year. A spokesman for PayPal said the Internet payment giant covers sellers for claims, chargebacks and reversals for unauthorised transactions and items not received.


PROTECTION

  • A spokesman for PayPal said the Internet payment giant covers sellers for claims, chargebacks and reversals for unauthorised transactions and items not received.
  • Police have warned online sellers always to verify payments using their PayPal accounts before sending merchandise.

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