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Payment App and Money Scams

🕒 Last modified 2026-10-23 23:42 UTC

Payment scams trick people into sending money through apps, wire transfers, gift cards or crypto, methods that are often hard or impossible to reverse.

1. Key points

Scammers pose as banks, government agencies, sellers, romance interests or tech support.
Payment apps are meant for people you know; sending to strangers can be risky.
Anyone demanding gift cards, wire transfers or crypto is a big red flag.
Report fraud to the FTC at ReportFraud.ftc.gov and contact your bank or app quickly.

2. Fake 'bank' calls

A common trick is a call or text claiming to be your bank's fraud team asking you to 'move money to a safe account' or send yourself a payment. Hang up and call the number on your card.

References

official What To Know About Payment Apps — Federal Trade Commission
official ReportFraud.ftc.gov — Federal Trade Commission
official How To Avoid a Scam — Federal Trade Commission

A cited source does not by itself make every claim verified.

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1. Key points

2. Fake 'bank' calls

See also

References

Answers that cite this article