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Canada has had eTransfer for several years now, which is functionally the same as Zelle (irreversible, instant, free bank-to-bank transfers), but somehow I have
by nneonneo 3y ago
Canada has had eTransfer for several years now, which is functionally the same as Zelle (irreversible, instant, free bank-to-bank transfers), but somehow I haven’t heard the same level of complaining about fraud. I wonder why that is?
- BobaFloutist 3y agoProbably because Canada has a tenth the population, a tenth the GDP, and I would assume considerably less than a tenth of the media dominance of the United States.
- mschuster91 3y agoScammers focus on countries where they have already established ways of getting the money out. Indian callcenter scams are mostly focused on the US for that reason, here in Germany it's mostly Turkish callcenters if you go by police raid reports. Another part of the reason is how "legacy" phone carriers operate... the US up until a year or two ago allowed pretty much everyone and their dog to spoof phone numbers using VoIP, which made life for scammers incredibly easy as they didn't need much of a local presence beyond some money mules. Here in Germany, it's way harder to get access to line trunks that allow caller ID spoofing, and on top of that we have strict regulations on what banks need to do to to verify customer identities so it's harder for scammers to open up bank accounts, and so our scammers have to rely on actual people picking up money from the scam victims (e.g. the "fake policeman" scam).