Mastodawn

Oh wow. Just been reading; for a #PayID payment into a #Westpac account the period whereby the sender can claim it was a Mistaken Internet Payment is.... wait for it... 7 months!!! You can be scammed 7 months after receiving payment. And the best bit, the banks might not even tell you, they just accept each other's word and transfer the money back.
I am learning lessons this week.
Section 6.19 of their Online Banking T&Cs

⌛️🧮 Bruce Carnwell (🐣 & 🌴)May 21, 2024

I’m sorry, but if you are transferring $80k & you don’t use #PayID or do a test transfer first, then you are a bloody idiot ! Don’t trust anyone!

https://www.abc.net.au/news/2024-05-21/false-billing-scam-on-rise-australian-banks-powerless/103870850?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other

Australians getting better at recognising scams but false billing on the rise

False documentation might be one of the oldest scams in the book but scammers are now able to fake being a company more easily — and Australians are falling for it.

ABC News

Quokka May 10, 2023

Something I came across I thought I'd share - the ACCC's Little Black Book of Scams. https://www.accc.gov.au/about-us/publications/the-little-black-book-of-scams
Help educate yourself and others on potential online scams. Little out of date but some good information in there. Hopefully next version will include how to avoid the PayID scams currently rife on local marketplaces.
#Scams #ACCC #OnlineSafety #BeCarefulOutThere #PayID

The Little Black Book of Scams

Highlights scams that target Australians. English, Arabic العربية, Chinese simplified 简体中文, Croatian Hrvatski, German Deutsch, Greek Ελληνικά, Hindi हिन्दी, Italian Italiano, Macedonian македонски, Spanish Español, Vietnamese Tiếng Việt.

Australian Competition and Consumer Commission