4 Signs That What You are Reading is a Scam to Trick You Out of Your Money

Online scams have victimized many people and a lot of these people have lost large amounts of money. Scammers are ruthless and they come up with new ways of tricking people every day. To identify a scam, we have made a list of signs you can look out for. If you suspect a site of being a scam, report it and close it. Look for these signs:

They ask you to pay money up front. Any site, service, or job opportunity that ask you to pay money up front is most probably a scam. They might claim that it is for training or admin fees, but this is all nonsense.

They promise you overnight riches. Scams like the lottery scam promise that you will be a millionaire overnight. These scammers prey on our dreams to be financially independent. They make us react with emotion instead of rational thought and in this way they trick us into giving them money instead of getting our big cheque.

They are making money regardless of your actions. Websites can make money in two ways: by depending on you or not. If they only make money when you make money, then they are more likely to be legitimate. If they make money without you, then it might be a scam.

They use a time limit to force you to action. Some of these scams say things like ‘We cannot keep this information here. Make a decision in 2 hours if you want to reap the benefits’. This is just another sign that you need to steer clear.

Bottom line, if it sounds too good to be true, it probably is. If anything seems strange or over the top, just leave the page. Whenever you are not sure about a site or what they claim, leave it or delete the message. Never pay any money to someone you don’t know or who claims they will make you rich. Keep your eyes and ears open and be very careful about sharing your private information.