Ever since there has been a wave of digitalization, the fear of online fraud has increased rapidly. It gets worse when you hear fraud cases related to cashback apps, which might wipe off all the money in the account.
Many messages and notifications pop up on digital devices, asking users to click on a specific link to win exciting rewards. These offers are alluring enough to urge the customer to fall for them. Unfortunately, the moment they click on the link, all they get is a disappointment.
These kinds of frauds are common these days, leaving a question of which UPI app is safe. If you also make online transactions by using the cashback apps, it is vital to educate yourself. Learn about frauds and the ways to save yourself from them.
Types of cashback fraud
Staying informed is the first step to saving yourself from trouble. When you know about the kind of fraud that might happen, you can identify it soon enough and save your money. Let us discuss these frauds in detail.
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Suspicious Links
Receiving links on chats, emails, and notifications is the most common fraud. By now, almost every user knows that clicking on these links can put them into trouble. Ignore these alerts and never click on the links you receive.
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Request Money
Another cashback fraud includes requesting the money from the user by tricking him into an exciting deal. The scammers will call to inform you that you have won some jackpot. They will further ask you to accept their request to receive your money. This request, in reality, is a scam under which all the money in your account will wash away. It will ask you to put in your PIN, and the moment you do it, the scam will be successful.
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SMS forwarding
In the SMS forwarding scam, the scammer asks you to send an SMS to authenticate your identity and receive the cashback. This SMS includes the alphanumeric identifier through which the scammer can identify your UPI. They will then create an account on cashback apps using your ID and can steal all your money.
The list of scams is endless, and the worst part is that new frauds keep popping up every now and then. Thus, users need to find which UPI app is safe and make the payments carefully.
Tips to stay safe from cashback frauds.
While using the cash back apps, take care of the things listed below to enjoy a seamless experience.
- Always choose the best and most reliable app to make transactions. Check the market credibility of the app, refer to the ratings it has got on different platforms, and pick the one that sounds most promising.
- Never click on the links or scan the QR codes that pop up in some random notification or email. Instead, check the source and scan the code only when you know the business it came from.
- Understand the process carefully and keep a few things in mind, like you do not have to scan any code to receive payments.
With these simple tips, a user can avoid falling into digital payment frauds and enjoy the best experience they offer. As many things depend on the choice of app, one should put in all the efforts to choose one. Explore multiple options and take the virtual tour before finalizing which one would work best. Pay attention to every alert you see and follow a legit payment process.
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