We live in an era where carrying and paying with cash is becoming obsolete. Electronic payments are favoured by many businesses and countries. On one side, they provide a fast payment method and governments love them because they can keep track of the products that are being bought and make sure that the businesses pay the taxes. The expense of printing money is also excluded, which is a big bonus.
Online businesses, for example, rely on this type of payment because there’s no alternative for them. Unfortunately, with the rise of e-payments, the number of scams has also increased drastically. That’s one of the downsides of using this type of payment – the chances of being scammed are higher.
To make sure that you are well-prepared if something like this happens to you, we wanted to share a couple of options that can be vital in the process of returning the lost amount. But first, let’s see what your first steps should be after realizing that you’ve been scammed.
What to Do
Logically, the first thing that you should do when realizing that you’ve been scammed is to contact your bank immediately. If you act fast, you may be eligible to get an immediate refund. The bank will probably open an investigation and solve the problem.
You can also reach out to companies that specialize in dealing with scammers. Their goal is to get you your refund and make sure that stuff like this doesn’t happen again. If you’ve been a victim of a scam, feel free to check out Payback, a company that helps businesses and everyday people to return the amount that you’ve lost.
Companies like Payback can prove to be a valuable asset, especially for people in the binary options industry. The binary options industry has proved to be filled with scammers that are capable to drain your resources down to the last dollar.
Fortunately for you, there are some options for this type of fraud. Even though this is a dangerous industry, there are ways to get your money back, and if you are interested to see what options are available, read this binary options refund article to get familiar with the details.
Now, let’s see what other options are available for you, depending on the payment method that you use.
Credit Card/Debit Card
Even though they offer similar services, there are some differences between credit and debit cards. Credit cards are a bit safer when it comes to these types of situations. Credit cards are covered by some government Acts which makes it easier to get the money back. With debit cards, the process is a bit more complicated because you would have to hope that the bank will decide to pay off the stolen amount or return the funds in your account (best-case scenario).
PayPal’s Buyer Protection scheme allows you to be reimbursed in certain situations. This is the safest method for shopping online. The scheme will also protect you if your account is hacked and your funds are used without your authorization.
The Buyer Protection scheme returns your funds if your product does not arrive on your address if it arrives but it’s damaged.
A Safe Alternative
One of the alternative payment methods that you can use is Bitcoin. Since its rise to power, Bitcoin has proven to be a fairly decent and safe payment method. Yes, you have anonymity in the transactions, which makes it impossible to track them in case of a scam, but in the last 10 years, Bitcoin proved to be a very reliable financial instrument. And you’d be surprised of all the things that you can purchase using this cryptocurrency.
There are many other safety measures that should be taken while on the internet in order to protect your computer. Some of these measures are listed in this elder scam safety guide.
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