Purchasing a product or a service from a scammer
A payment scam involves a fraudster tricking a victim into sending money or cryptocurrency under false pretenses. These scams can take various forms, such as posing as a legitimate business or authority, offering fake investment opportunities, or using emotional manipulation, like in romance scams. The scammer often pressures the victim to make the payment urgently, providing fraudulent account details or requesting payment in hard-to-trace forms like cryptocurrency.