WhatsApp scams and online fraud: how to spot a small business scam

As technology evolves, so do scammers. More and more people are falling victim to scammers – fraudsters who are trying to take advantage of you and get your money.Being self-employed, your business is your livelihood so it’s important to make sure you’re taking all the necessary precautions and staying safe online.From WhatsApp scams to fraudulent customers, keep reading to see some of the latest scams prevalent in the UK – and how you can spot them.According to Lloyds Banking Group, two thirds of all online shopping scams now start on Facebook and Instagram. For business owners and customers alike, it’s important to stay alert when shopping online.Lloyds estimate that there’s £27m lost by UK consumers falling victim to online shopping scams each year. Whether you’re buying or selling, here’s how you can stay safe when buying products online.Safe online shopping as a sellerSelling online is a great option for many small businesses – giving you a wider market reach and more flexibility than a traditional brick and mortar store. One of the main ways sellers can fall victim to customer scams online is through fraudulent refund requests in the form of chargebacks.Chargebacks are a type of payment dispute where a
Read More