Wise is a popular online platform that allows you to send money abroad quickly and cheaply. It has over 10 million customers and processes over £5 billion in transactions every month. However, like any other online service, Wise is not immune to fraud and scams. In this blog post, we will explain what Wise payment scams are, how they work, and how you can avoid them.
Wise payment scams are a type of online fraud where scammers try to trick you into sending money to them using Wise. They usually do this by posing as a legitimate and trusted company, person, or organization, and asking you to pay for something using Wise. For example, they might pretend to be:
Wise payment scams usually follow a similar pattern:
The best way to avoid Wise payment scams is to be vigilant and cautious when dealing with anyone who asks you to pay for something using Wise. Here are some tips to help you spot and prevent Wise payment scams:
Wise is a safe and reliable way to send money abroad, but you need to be careful and smart when using it. Don’t let scammers trick you into sending them money using Wise. Follow the tips above and protect yourself from Wise payment scams.