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New PayPal scam to trick people into future pre-approved payments
- glimmung 13y agoHow is this a scam?
- fallinghawks 13y agoNot so much a scam as a vulnerability. I found I had "authorized" Zappos some 2 years ago. In the Zappos purchase process, there is no obvious indication you are authorizing pre-approved, charge me without my authorization payments. No other retailer with whom I have used Paypal has done this. (I'm no Imelda Marcos, why should this need to be?) This makes it possible for an unprincipled employee to embezzle. The other part that makes this feel sketchy is that it's buried in an unintuitive place on the Paypal page.
- glimmung 13y agoI think "scam" is a bit strong then - that implies intentional deception. More to the point, these sorts of pre-authorised and/or recurring transactions are also an issue with credit cards - it's not particular to Paypal by any means, and it's publicised and policed at least as badly with credit cards as with Paypal.
- ck2 13y agoYou might be very surprised to see what you have pre-authorized to pull funds from your account. Log in to your paypal and then look here Profile > My money > My preapproved payments > Update https://www.paypal.com/us/cgi-bin/webscr?cmd=_manage-paylist https://www.paypal.com/us/cgi-bin/webscr?cmd=_manage-paylist I was startled to see I had some that I had no recollection of authorizing.
- zengr 13y agoThis is a catchy title, its not a scam. Title should be updated.