⚠️⚠️🚨🚨BE ALERT🚨🚨🚨🚨⚠️⚠️⚠️
One of the most ongoing common scams on P2P platforms is the *OVERPAYMENT SCAM*
Here's how it works:
1. The Scammer Overpays :The scammer will "accidentally" send you more money than agreed upon.
2. Request for Refund:They'll then ask you to return the "extra" amount, often through a different payment method or cryptocurrency wallet.
3. The Trap: Once you send the "extra" money, the original payment may be reversed or disputed, leaving you out of pocket.
To protect yourself from this scam, always be cautious of unsolicited payments and never send money back without verifying the original payment's status. If possible first transfer your money fom Mpesa to Mshwari,or From Bank to any other wallet before releasing payments!!
Other common scams include:
🚨Fake Payment Proofs: Scammers may provide fake payment screenshots to pressure you into releasing the cryptocurrency before the payment clears.
🚨Phishing Attacks:Be wary of suspicious emails or messages that may trick you into revealing sensitive information.($BTC ,$USDC ,$ETH et.c BALANCE )
🚨Impersonation Scams:Scammers may pose as platform representatives to deceive you into sharing personal details or transferring funds.
⚠️⚠️Never Receive any incoming call as you wait for the buyer to send you payments as you may accidentally release the payment before they actually do⚠️⚠️⚠️
To minimize risks, always use the platform's built-in messaging and payment system and verify the buyer's identity