Paypal Scam

It is an ancient system, used by scammers Paypal. They use Paypal "reverse transaction" option, where a rightful owner can ask Paypal to reverse a transaction and a refund if the owner can prove that he had not authorized the transaction.

Another version of this scam is when someone would contact asking them to exchange money paypal cash. It was why he needs the cash badly and he can not wait any longer to leave his money to his bank account. He will offer to "sell" its funds to Paypal a very attractive price. If you accept the transaction, it will send money and you pay him cash.

So a few days or weeks later, Paypal will contact you to account for the person you supposedly signed was hacked, and Paypal is to reverse the transaction and return the money to the original owner. You end up with a negative balance of Paypal and loss of money you have paid for the fraudster.

Be sure to deal only with the legitimate owners of Paypal, before any further action. Paypal transactions can be reversed, in order to protect and make sure you do not get scammed.

Scammers are mostly come from countries with limited access to Paypal services. These countries are Ukraine, Russia, Sri Lanka, India and etc.