What is a PayID business account scam?
If you are one of the millions of Australians using PayID, you have probably chosen it because of a mixture of convenience and security. But you can be vulnerable to a PayID business account scam – whether you have a business account or not.
Beware the PayID scam marketplace
As the cost of living bites in homes across the country, many Australians are turning to Facebook Marketplace to raise a bit of extra cash. But be warned: it has also become the PayID scam marketplace.
Bill scam: Why you should check invoice details before paying
If you received an email invoice from a business you were expecting, would you just pay it online without thinking? Or would you call to check the bank details with the supplier first?
Travel trap: Beware of Booking.com scammers
Booking travel and accommodation has never been easier thanks to the internet but, as those who have fallen victim to Booking.com scams have found, the modern convenience is not without its traps.
Smart money: How to avoid PayID scams
Have you heard about PayID scams? Perhaps you or a friend have fallen foul of the electronic payment system?
More than 18 million Australians have signed up to use PayID since its launch six years ago. The attraction is simple: it’s easy to use, free, and money is transferred quickly – whether you’re paying or being paid. The unique identifier (the ID part) is linked to your bank account and you only need a mobile number or email (and an ABN or CBN if you’re a business) to send and receive money.
The Australian Banking Association maintains it’s one of the most important steps customers can take to prevent scams, but the mobile-friendly service hasn’t been immune to scammers. Even the tech-savvy younger generation - least likely to be caught in other financial scams - has been caught out.
Online platforms such as Facebook Marketplace and Gumtree are popular hunting grounds for PayID scams.
Facebook Marketplace: Beware of online scams
As the number of Australians searching for a great deal online has risen, so has the number of Facebook Marketplace scams.
Wherever there are bargain hunters, there are scammers. There have even been alarming instances of criminals using marketplaces to break into your home.
Taxing time: Wise up to end of financial year scammers
The only people who love this time of year are accountants - and scammers.
While you’re busy trying to get your finances for the end-of-financial year tax submission, scammers are also busy trying to persuade you to part with money.
Picture-Perfect Pressure: Protect yourself from unfair contract sales tactics
Gap Studios, a photography studio based in Newstead, Queensland, has been accused of using unethical and manipulative business practices and unfair contract terms to deceive customers into spending thousands of dollars on photos.
The studio frequently promotes "free" photography sessions on social media, encouraging people to sign up with the promise of a chance to win the free photography experience. However, those who enter the competition are in for a nasty surprise.
Sick of scam text and calls? It’s time to take charge
We’ve all received one. Chances are, most of you have received more than you can count. Spam calls and texts are insidious. Many of us just find them irritating and delete them or refuse to answer phone numbers we don’t recognise.
But invariably, these spam calls and texts are also scams.
Expert tips to avoid the latest scams
Wondering why you’re receiving those misspelled SMS? It’s actually deliberate.
Scammers are bypassing the system that automatically blocks scams with a smattering of bad grammar and spelling. They are getting in front of you and hoping you click too quickly to realise your mistake.
This is just one of the more sophisticated tactics - yes, even bad spelling is sophisticated - scammers are employing to capture even the most cautious among us. Scammers are so successful that, according to the latest reports, Aussies have lost a total of $222,810,200 to scams in 2021. That’s already 26.8 percent higher than 2020, and the year is not yet over.