How to Recover Money from Scammer?

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So the worst has happened: you have lost your money to a scam, and the website you used was a fraud – what now? First and foremost, do not be discouraged!! 

If you believe you have been duped, the first thing you should do if you have a problem is just request a refund. This is the simplest and first step in determining if you’re working with a legitimate business or a con artist.

Unfortunately, getting your money back from a con artist isn’t as straightforward as asking.

If you are dealing with scammers, the process (and likelihood) of recovering your funds vary based on the payment method you used.

  • PayPal
  • Debit card/Credit card
  • Bank transfer
  • Wire transfer
  • Google Pay
  • Bitcoin

PayPal

If you were scammed and utilized PayPal, you have a good chance of getting your money back. Within 180 calendar days after your transaction, you can file a dispute on their website. 

Conditions to file a dispute:

  1. The item you received was a forgery that was passed off as real.
  2. The item is missing parts or features and this was not disclosed. For example, you purchase a shelf including all screws for assembly, yet on arrival, these are not included.
  3. On the product page, the item’s condition was misrepresented. This could be because the item was advertised as new but shows evidence of use.
  4. You received an entirely different item from the scammer.
  5. The most straightforward scenario is that you ordered something from an online site and that particular item is not being delivered.

Debit/Credit Card:

If you paid for something online with a credit or debit card, check with your card’s bank to see if they have a section on ‘disputed transactions’ or discuss the ‘chargeback’ process.

Chargeback, according to Money Saving Expert, is handy when you buy anything online and the goods/services are faulty, not provided, or not delivered to you because the company went out of business.

Your bank will send the money immediately to the merchant’s bank to be refunded to your account (if the claim is valid). You have 120 days from the time you paid or discovered the problem to request a chargeback.

Bank Transfer

The following is what Which.co.uk has to say about receiving your money back through a bank transfer: If you have been the victim of a fraud that has resulted in you moving money to a different bank, you should alert your bank right away.

They can try to reclaim the funds once they’ve been notified. If this does not work, you can file a complaint with your bank or contact a financial institution in your area.

Wire Transfer Service

While using money transfer services, be cautious. According to Which.co.uk, using methods like MoneyGram, PayPoint, or Western Union (which together are popular with scammers) might make it more difficult to get your money back.

The best advice is to avoid using this mode of payment if you are doubtful about the transaction.

Mysterious Payment

Do you have an unusual purchase on your financial statement? Perhaps a sum deducted by a company you have no knowledge of? You’re not alone, and it’s possible that the withdrawal was made without your permission.

If this is the case, get in touch with your bank right away. There may be restrictions in place to protect you and maybe provide a refund depending on where you reside.

Google Pay

Do you think your Google Pay account has been accessed without your permission? Perhaps you made an unusual payment that you don’t recall making. Don’t be concerned! Google has a dispute resolution procedure available to ensure you.

Cryptocurrencies

Cryptocurrency transactions are impossible to monitor and undo, making recovery a hard task. In the majority of cases, there is little chance of recovering the cryptocurrencies.

You could try contacting the company that handled your Bitcoin transaction and seek a refund. The organization must then assess whether or not they can provide you with a refund depending on their policies.

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