Act fast! The first 24-48 hours are critical for recovering your money.
Time Limit: 60-120 days from transaction
Report the fraudulent transaction. Ask to speak to the fraud department.
What to say: "I need to dispute a fraudulent transaction and initiate a chargeback."
This is your legal right under Section 75 (UK) or Regulation E (US).
Chargeback Reasons:
Collect all documentation to support your claim:
Follow up with a written dispute letter within 60 days.
Banks must respond within 10 business days. Keep following up.
Time Limit: 180 days from transaction
Log into PayPal → Resolution Center → Report a Problem
Choose: "Item not received" or "Significantly not as described"
If seller doesn't respond in 20 days, escalate to PayPal claim
Friends & Family payments are NOT covered by buyer protection. Always use Goods & Services for purchases.
⏰ URGENT: Contact your bank immediately - recovery chances drop significantly after 24 hours
Request immediate recall of the wire transfer
Get a crime reference number - banks often require this
If you know the receiving bank, contact their fraud department
Reality Check: Crypto transactions are usually irreversible
If sent through an exchange, report the fraud immediately
Professional services can trace funds (expensive, no guarantee)
File reports with FBI IC3 (US) or Action Fraud (UK)
Note: These services are expensive and offer no guarantees
Never pay upfront fees to companies promising to recover your money.
Be suspicious of:
Remember: Legitimate recovery happens through your bank, payment provider, or law enforcement - not third-party companies demanding payment.
Being scammed can feel devastating, but remember: it happens to millions of people every year. You're not stupid or careless - scammers are professional criminals using sophisticated tactics. Take action now, learn from this experience, and you'll be stronger and more aware going forward.
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