A curious thing happened last Thursday afternoon.
A lady in our Spanish class which has closed due to the virus had offered to set a quiz.
We in the class are not that proficient with the technology of Zoom so there was a trial run.
In the course of this run, I received a text requesting me to confirm card details with Paypal after 2 transactions. It attached a link. I gave the details of one credit card which had little money in it but it asked for a second which has.
Being suspicious I terminated the “filling in” and deleted the text. The website had as “http” prefix and the secured lock so it might have been kosher.
At the suggestion of my accountant I tried to call Paypal yesterday. The response was voice-generated and I was continually directed to their website.
This for example referred to a suspicious email not a text. My accountant, a most practical fellow, advised me in future only to log in.
I spent an anxious day yesterday after taking all measures and precautions ascertaining whether I had been cleared out of funds. So far I have not.
It seems to me that Paypal are not on top of this. They do not have for example a 24 hour manned fraud line. I was told to change my password but the website gave no indication how to do it.
They do not send anti-scamming warnings to their users.
Also it occurred to me that traders might accept a suspicious card or banks receive stolen money.
There should be fines if there is any element of complicity.