Netizen Warns About Fraud Transactions on Her Paypal Account

Paypal, a company that helps clients send and receive money anytime and anywhere using an email address and mobile number, has become an effective means for people to do business transactions online. But a new fraud using Paypal to get money from account holders has been revealed by a netizen.

On Thursday, October 27, Elaine Santos shared how a fraudster almost stole more than P30,000 from her Paypal account through a lengthy Facebook post.

Santos learned that someone attempted to make a transaction online using her credit card enrolled in her Paypal account after Metrobank called her attention about two dubious transactions. Apparently, two Paypal transactions were made on October 26, 2016 amounting to P20,000 during the first transaction and P10,000 during the second transaction.

Fortunately, Metrobank took quick actions and blocked the transactions.

Upon realizing that she also enrolled her Eastwest credit card to the same Paypal account, Santos immediately checked her Paypal account to see if any suspicious transaction was made on the said credit card.

To Santos’ surprise, the same fraudster successfully transferred P10,000 using her Eastwest credit card. Upon learning this, Santos immediately reported the matter to Eastwest bank. However, the bank informed her that the matter would be subject to investigation and that she needs to file for a dispute.

Santos warned netizens: “Paypal is a good company. But every information found online is susceptible for hacking. I’ve learned my lesson the hard way and I do not want others to experience this. If you guys could pay using cash or do transactions over the counter, do it. Better be safe than sorry.”

Read the full story below.

How to protect your Paypal account from online phishing scams

Here are a few tips to prevent phishing scams.

  1. If you receive a phishing email, don’t click any of the links or respond to the email. Forward the phishing email to and delete it.
  2. When logging in to Paypal, open a new browser and type the web address. It should have “https” before the web address to indicate that it is a secure website.
  3. Make sure you that you have a secure password.
  4. Don’t input personal or financial details including password in response to an unsolicited email.
  5. Always log out of websites where you entered your personal information into.
  6. Use the latest antivirus software to protect your computer.
  7. Type the full address of the website you wish to visit.