Online scams are becoming more and more sophisticated, causing more and more people to fall victim to them. Read on to learn how to get money back after being scammed online.
There are many different types of scams, such as identity theft, scams designed to harvest email addresses for use in spam email marketing, and fake websites that make you watch ads.
However, the most devestating online scams are those that make people hand over large amounts of money to the scammers.
- Binary options, Forex, and CFDs trading scams
- Cryptocurrency investment and mining scams
- Dating and romance scams
- And many other types of scams
There is even a type of scam where the scammers target people who were already scammed, offering them help with recovering their money. When the scammed person pays the fake recovery company, the scammers take the money and disappear without providing the recovery service. Oftentimes these scammers are the same fraudsters that scammed the victim before.
It can obviously be extremely upsetting, embarrassing, and even shameful to lose large amounts of money in such scams. Only a person who has been a victim can understand that.
This shame can trigger one to just want to forget about it without reporting it, not to mention trying to get the money back.
What’s more, when cryptocurrencies (such as Bitcoin) are involved, it’s not like you can call the bank or credit card company and ask them to reverse the charges. People perceive cryptocurrency transactions to be irreversible and anonymous.
We’re here to tell you that forgetting about it is a grave mistake.
You’re not alone. There are millions of people who have been scammed, and millions more will be scammed if victims do not take action and try to stop the scammers by reporting them and getting their money back.
We have already explained how to report a scammer online. If you have been scammed, make sure to report the scammer before you begin the recovery process.
In this comprehensive guide we focus on recovering your money.
How To Get Money Back After Being Scammed Online
Unfortunately, you have been scammed and lost a significant amount of money.
Here are the steps you should take:
Scammed Online How To Get Money Back – Step 1
The first thing to do is to report the scammer.
After you filed a report with the relevant authorities (and also on CyberScamReview.com where we use visitor reports to create scam warnings which reach a very wide audience therefore preventing a lot of people from falling ot the same scam), the next step is to begin the recovery process.
Here are the steps you need to take to recover your funds:
How To Get Money Back From Scammer – Step 2
Next, you need to collect information. Create a folder on your computer which will contain all the relevent files you can find, such as:
- Emails between you and the scammer.
- Other relevant correspondence, such as chat logs from social media, telephone numbers and conversation recordings, and text messages.
- A screenshot of the perpretrators’ website, social media accounts, or other online assets (this is important since they may be removed, and most likely will be removed eventually either in the scammers’ effort to erase their tracks or due to action by law enforecement or the hosting service).
- A chonological account of the events that took place resulting in you being scammed.
- Screenshots and spreadsheets containing information regarding the monetary transactions from your bank, credit card company, or cryptocurrency exchange to the fraudsters.
- Any other information that can be relevant to establish a case against the scammers.
Once you have collected all the relevant information, the next step is the actual recovery of the funds.
How Do I Get My Money Back From A Scammer – Final Step
This third and final step is a little different depending on how you lost the money.
If you sent the money using a debit or credit card, then you should contact the fraud department at the bank that issued the card and/or the credit card company. If possible send them an email containing all the information you have collected. If you can only call them, ideally record the call. Ask for the name of the person you are speaking with and keep a record of it. Ask them how you can send them the information pertaining to the scam.
If you sent money using a wire (e.g., a bank transfer or via a company such as MoneyGram or Western Union), then you should follow the same steps, but contact your bank or the company through which you sent the money.
If you have sent a gift card, then you will need to contact the company that issued the card.
If you used a money transfer app, such as PayPal or CashApp, then you will need to contact the fraud department at these companies, explaining the situation and asking to reverse the transaction.
If you sent cash by mail, then you will need to contact the delivery service, such as US Mail, FedEx, or UPS, as soon as possible, and ask them to intercept the package.
Finally, there’s the issue of cryptocurrency. This can be one of the most challenging cases to deal with, which is why oftentimes a professional recovery service is required. Before you contact a recovery service, you can try to contact the exchange from which you sent the money. If it is not too late to reverse the transaction or if they can contact the receiving exchange, perhaps they will be able to help.
However, sometimes cryptocurrency can be transferred to exchanges or to wallets that cannot be coerced into reversing the transaction and returning the money.
These companies employe experts capable of tracing cryptocurrency transactions. These are private investigators that can locate the person to whom you sent the money. They then travel to the location where the perpetrator is located and work in cooperation with law enforcement and lawyers to make them return the money. Obvsiously, this can be a bit costly so it is mostly relevant for people who lost a lot of money.
How To Recover Money From A Scammer – Bottom Line
Whether you have been scammed to pay money via card, wire transfer, or any other method of payment, including cryptocurrencies, it is often possible to recover the money from the scammers.
If you need more assistance and advice regarding money recovery, please don’t hesitate to contact us.
We will be happy to guide you throughout the whole process – from collecting the information, through reporting the scam, and to recovering your money.
Hopefully, by now you know exactly how to get money back after being scammed online.
If you have any questions or would like to contact us, you may leave a reply at the bottom of this page, use the live chat widget, or use the contact form: