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Sending money internationally has never been easier, but as digital payments become more popular, so do scams targeting unsuspecting senders. Fraudsters use various tactics to deceive people into transferring money, often pretending to be banks, employers, or even loved ones in distress.<\/p>
To help you stay protected, we’ve outlined some of the most common and most recent money transfer scams happening around the world and how you can avoid them.<\/p>
North America: Phishing Emails & Emergency Scams<\/h2>
On the rise in North America, phishing scams involve fake emails and texts pretending to be from your bank or a trusted company, urging you to take urgent action. These messages often contain links to fake websites designed to steal your login details.<\/p>
Another common scam is the emergency scam, where fraudsters pose as a relative or friend in distress, claiming they need immediate financial help. They might say they’ve been in an accident, lost their wallet or need urgent bail money.<\/p>
Tip:<\/strong> Always verify the sender’s identity before transferring money. Contact your bank directly if you receive an email or message about an account issue.<\/i><\/p>
South America: Money Laundering & Recruitment Scams<\/h2>
Fraudsters in South America often lure victims with \"job opportunities\" that involve handling money transfers. They ask individuals to send or receive money on behalf of others — without realising they are laundering stolen funds.<\/p>
How to stay safe: Never agree to move money for someone you don’t know. If a job sounds too good to be true, it probably is.<\/p>
Europe: Overpayment & Fake Job Scams<\/h2>
In overpayment scams, scammers send money to victims, then claim they \"accidentally\" sent too much and request a partial refund. But after the victim sends money back, the original transaction is reversed, leaving them out of pocket.<\/p>
Another common scheme in Europe is the fake job scam, where fraudsters post fake job listings that require applicants to pay a \"training fee\" or “visa processing charge.”<\/p>
Tip:<\/strong> Legitimate employers never ask for money upfront. Avoid sending refunds for overpayments — wait for the funds to fully clear before taking action.<\/i><\/p>
Africa: Lottery Scams & Advance-Fee Fraud<\/h2>
In Nigeria and other parts of Africa, lottery scams and advance-fee fraud remain common. Scammers claim you’ve won a big prize but need to pay a \"processing fee\" to receive it. Similarly, some fraudsters pretend to be officials promising inheritance payouts — if you just cover some minor costs first.<\/p>
Tip: <\/strong>If you didn’t enter a lottery, you didn’t win. Never pay upfront fees for winnings or unexpected “inheritances.”<\/i><\/p>
Asia: Investment Fraud & Crypto Scams<\/h2>
Scammers in Asia frequently target victims with fake investment opportunities. Promising \"guaranteed high returns\", fraudsters often lure people into Ponzi schemes or fraudulent cryptocurrency platforms, stealing funds once deposits are made.<\/p>
Tip:<\/strong> Always research investment platforms before sending money. If returns sound too good to be true, they probably are.<\/i><\/p>
Australia: Fake Charity & Donation Scams<\/h2>
Fake charity scams are particularly common in Australia, especially after natural disasters. Scammers pose as aid organisations, soliciting donations that never reach the intended cause. Tip: Only donate through verified charities. Check official websites before sending money.<\/p>
How to protect yourself from money transfer scams<\/h2>
No matter where you are in the world, these scams can strike when you least expect them. Here are some golden rules to keep your money safe:<\/p>
Only send money to people you know and trust.<\/li>
Be cautious of urgent or emotional requests. Scammers create a sense of panic to make you act fast.<\/li>
Verify sources before making a payment. Contact your bank, employer or the organisation directly.<\/li>
All ArticlesWhat to look for in an international digital money transfer app
What to look for in an international digital money transfer app
2022-01-07
All articles
New Paysend Features
In our experience, the most successful money transfer companies should do what they say: make money movement a no-brainer!
Users today want a straightforward, affordable and quick method of sending funds all around the globe – doing away with more traditional banking systems that tend to overcomplicate the process.
Nowadays, many of us may benefit from having the ability to manage our finances at our fingertips. By using the latest in smartphone technology, people can log into digital transfer platforms and send funds at the touch of a button.
While some corporate banks may have been slow to embrace the internet age and the new wave of digital technology, third-party solutions have evolved and radically transformed the payments industry for good.
When selecting a money transfer platform, it is essential to consider the following:
How affordable is the service?
How quickly is money transferred?
Are you able to view upfront exchange rates when moving money internationally?
Is it user-friendly?
How many sending and receiving countries are there?
Is it secure?
Paysend allows you to move money close to real-time, with transfers arriving close to real time, to 100+ countries globally. The use of our expert and reliable digital technology helps US customers keep on top of spending as they support loved ones in a secure manner!
Paysend allows you to experience:
Moving money for less Send money hassle-free with Paysend to family and friends for a low fee of just $2.
Quicker transfer speeds Transfer money within minutes. In fact, 95% of Paysend transfers are completed in close to real-time.
Purchases on the go Paysend provides intelligent and succinct payment methods that allow users to spend funds on the go. Users can also view their spending in-app or online.
Paysend on a mission to connect users all over the globe!
Paysend is on a mission to help transform how people all over the globe safely manage their everyday finances by connecting families and friends through our money transfer platform.
Paysend was the first Fintech to introduce global card-to-card transfers and as of November 2021, Paysend celebrated reaching 5 million customers in under just five years, a testament to our exponential growth and customer loyalty.
If you are looking for a fast and effective method of moving funds internationally at the click of a button, look no further than Paysend.
A step-by-step guide to setting up your Paysend account
Download the app and click the sign-up button.
Type your mobile phone number beginning with +1 (US country code).
Fill out your personal information (first and last name, date of birth, email).
Enter your United States residential address.
Verify your account using the code sent straight to your smart device. If you are on the Paysend App, create a four-digit passcode for additional security.