Paypal job scam



Here’s another job scam you should know about. This time, it involves the online currency Paypal.

A PMT Facebook fan shares his story:

I almost got scammed! Someone posted a freelance job on a very legitimate freelancing site. The job was called Currency Exchanger. The job is for me to accept Paypal payments from their customers as they are in a country where Paypal doesn’t permit money withdrawals.

I went through a test transaction as they call it. Somebody sent $300 into my Paypal and I was asked to withdraw it to my bank account. Then I am to send this money through Western Union after taking my “commission” of $20.

After a few days (while waiting for the money to appear on my bank), that guy who sent $300+ to my Paypal complained to Paypal that that payment wasn’t legit. Paypal issued refund leaving my account on a NEGATIVE balance!

Thank God because that money is yet to come to my bank account! I could have been $300+ broke had I sent the money through Western Union before Paypal made the refund. Scammers can really appear legits. Beware!

This is an old scheme used by Paypal scammers. They exploit Paypal’s “reverse transaction” option where a legitimate owners can request Paypal to reverse a transaction and issue a refund, if that owner can prove that he did not authorize the transaction.

Another version of this scam is when a person would contact you requesting to exchange Paypal funds to cash. He’d reason out that he needs cash badly and that he cannot wait anymore to withdraw his funds to his bank account. He’d offer you to “sell” his Paypal funds at a very attractive exchange rate. If you agree to the transaction, he’ll send you the funds and you pay him cash.

Then a few days or weeks later, Paypal will contact you that the account of the person you supposedly transacted with has been hacked and Paypal is reversing the transaction and returning the funds to the original owner. You end up with a negative Paypal balance and loss due to the cash you paid to the scammer.

Make sure you deal only with legitimate Paypal owners before entering into any transaction. Paypal transactions can be reversed so protect yourself and make sure you won’t be scammed.

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27 thoughts on “Paypal job scam”

  1. Thank you so much for sharing this post. This is an additional to the lists of scams that we have to watch out for. Scammers will always find a way to trick other people just to get money and we could not blame paypal because the person will always appear legit on the other end. This is a big disadvantage doing online transactions involving money.

    Marami ngang naloloko offline, online pa kaya. The best way to fight paypal scam or any other scam is to learn how to avoid becoming a victim and avoid falling for this scam in the first place. As much as possible do not make any transactions to strangers in the web especially when you have not dealt any transactions before. Research first and be vigilant.

  2. this is very shock.first time i heard of these thing.I dont use paypal frequently
    .-= Leo Wattit´s latest blog ..How To Make Money With A FREE Blogger Blog =-.

  3. Thank you for publishing this Paypal job scam. Though my Paypal account is still not verified, many already offered me businesses like that. At least I have not made a transaction with them yet. Thank you again. God bless!

  4. Thanks for the effort you took to expand upon this post so thoroughly.
    Your post is nice, I learned a lot of information from this post. I think oDesk is the best place for freelance job. Because it is a payment guaranteed site and hourly jobs available. If you want to learn & discuss more about oDesk visit oDesk.com or
    Thanks Guys.

  5. LOL. As with all scams pay attention to the following:
    1. Scammers rely on your greed and sense of entitlement.
    2. If it seems to good to be true… it probibly is not true.
    -wickedsam

  6. Hi! I got this job!

    I am on the testing process now.
    Someone send me money A hundreds of dollars and she told me that I am going to send the money via Western Union. The money is in my account now. I just transfered the amount to my bank account…
    I am an online virtual assistant working with different employers abroad. I bid jobs in legitimate freelancer sites.. and I receive my salary via paypal.

    Help is need…Or some sort of advice….

  7. Hi! paypal issued refund for the payment sent to my account…. My paypal account is having negative balances…

  8. Hello,

    I got into this problem also. I am working on a freelance site and this person got my email address on the site. She asked me to withdraw the money which will be sent to me to my bank account and send it to her through Western Union. My paypal account now is negative. The good thing is, God really don’t allow bad things such as this to happen to me, I got the money on my bank account and paypal reversed the transaction making my account negative. What should I do? I am afraid that if ever I add funds to my paypal account they will still ask for a refund which will make it double the amount.

  9. Hi,

    This already happened to me and my Paypal account is negative now. Should I leave it just the same as it is? What happened to your negative account? What did paypal do to you? I’m scared. Please tell me.
    Please help me.

  10. Evzroyametnom can you tell me what Paypal made to you? I’m on the same shoes right now. I’m really scared because it is a big money. Did Paypal run after you?

  11. Hi we have the same situation, I also received this kind of email for currency exchanger from Ukraine. I got scammed as well , The customer sent $2,400 and when it was transferred to my bank account it was on ” held” status and the payment was reversed paypal reversed my balance to a negative 4k, I filed for a dispute and sent them email correspondence with the scammer, yet the results were still denied by paypal, and they want a copy of a vaild id, utility bill and business registration. May I know what course of action did you take? you can also email me at daredevs84@gmail.com

  12. What can Paypal do about this when your balance is negative? Can they follow you in the Philippines? I was also scammed. Thanks.

    1. Hi i just got scammed. And its a very huge $8k. Just the sa.e procedure but different strategy. They hired me as their virtual financial assistant. They even sent documents to print as contract and authorization to send money. I am really down right now. Where will i get that money. Please help me. I have the same question can paypal follow me here. What should i do? Does reporting to nbi will help me with this? Please help.

  13. Hi seriously very good read.I need to admit aim pretty new to using WordPress well basically extremely new. Just starting to obtain the hang of it. Reading your publish has been really informative. I have to admit still not totally 100 percent clear in my head. So have just put your blog on my desktop so I’m able to go straight to it and have another glance later.

  14. Anne cruz says:FEB 22, 2018
    Hi i just got scammed. And its a very huge $8k. Just the sa.e procedure but different strategy. They hired me as their virtual financial assistant. They even sent documents to print as contract and authorization to send money. I am really down right now. Where will i get that money. Please help me. I have the same question can paypal follow me here. What should i do? Does reporting to nbi will help me with this? Please help.

    I bet you found this in onlinejobs.ph, i got the same job as financial assistant. the guy is actually trying to reach me up to this moment. luckily my paypal balance didn’t turn negative. currently I am trying to find a way to annoy this person and give him a lesson. he is still sending me a task to create an invoice and and send to someone, after doing so. I always click cancel. he is wondering why it is happening. I said i dont know 😛

    1. I have the same issue i was scammed by employer. I was hired as virtual financial assistant on onlinejobs.ph. I was creatimg invoice and send it to the buyer. After that i withdrew the money 5k dollar to my bank and sent it to western union. Now the buyer chargeback at my paypal that they didnt received the item. Now im in a big fucking negative balances. I cant afford to pay that much money. Im afraid now on the consequences. If someone or the bank will sue ne for this.

    2. Hi Rex,

      Ano name ng scammer? Steve Torres? haha! sayang sana hindi mo naihulog sa western yung pera, para atleast kahit nagnegative paypal mo nasa iyo pa rin yung pera. As of the moment pusigido xa sakin maka scam. Luckily I was able to check this post before withdrawing the money to my bank account. Pinaglalaruan ko xa, im creating invoices and cancelled it right after ko ma create. Pero mautak talaga xa. Sinasakyan nya pagmamaang maangan ko kontakin ko daw ang paypal to check whats happening sa account ko, then sbe ko since kelangan lang nmn natin yung pera why not send it directly to me without the invoice, (parang normal trasfer lang) ayun di nagreply, bka nakaamoy na alam ko at nakikipaglaro lang ako. Lesson lang talaga pag too good to be true it is not bad to double check and ask for an advice sa mga veterans na. Hayup sila mamamatay din sila. Hahah!

  15. Hi Rex,

    Ano name ng scammer? Steve Torres? haha! sayang sana hindi mo naihulog sa western yung pera, para atleast kahit nagnegative paypal mo nasa iyo pa rin yung pera. As of the moment pusigido xa sakin maka scam. Luckily I was able to check this post before withdrawing the money to my bank account. Pinaglalaruan ko xa, im creating invoices and cancelled it right after ko ma create. Pero mautak talaga xa. Sinasakyan nya pagmamaang maangan ko kontakin ko daw ang paypal to check whats happening sa account ko, then sbe ko since kelangan lang nmn natin yung pera why not send it directly to me without the invoice, (parang normal trasfer lang) ayun di nagreply, bka nakaamoy na alam ko at nakikipaglaro lang ako. Lesson lang talaga pag too good to be true it is not bad to double check and ask for an advice sa mga veterans na. Hayup sila mamamatay din sila. Hahah!

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