With the number of scam cases today increasing rapidly, a lot of cash App users are wondering can you get scammed on Cash App sugar daddy.
At the point when an assistance springs up that permits individuals to move cash on the web, con artists rush to go with the same pattern.
And as such, there’s been a recent spike in sugar daddy scams that can leave people out of pocket and miserable.
So what is the sugar daddy scam, how does it work, and how can you defend yourself?
Sugar daddy scam is one of the most popular scam methods used by lots of fraudsters, keep reading this article to know more on if you can get scammed on Cash App sugar daddy.
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What Is a Sugar Daddy?
Before we jump into answering your question “can you get scammed on Cash App sugar daddy”, let’s first start off by discussing what a sugar daddy is?
The sugar daddy scam takes advantage of an existing system. This involves older, richer people who identify as sugar daddies or mommies.
These people want to use their riches to find companionship.
These sugar daddies and mommies will often meet younger people in need of cash, known as sugar babies.
The sugar babies give their respective sugar daddy or mommy love and attention, and in return, the sugar parent gives them money, pays for dates, or offers some other financial incentives.
When performed with good intentions, the relationship between the sugar daddy and their baby is productive, and no scams or abuse technically occurs. However, scammers are now leveraging this system and finding ways to extract money from people.
What Is the Sugar Daddy Scam?
Now that you know what a sugar daddy is, let’s now move over to what the sugar daddy scam is, which this article on “can you get scammed on Cash App sugar daddy” is Centers on.
The sugar daddy scam comes in a variety of different attack vectors, but they all have the same base process and result.
In the scam, the fake sugar daddy makes the sugar baby believe they have received or will receive a large sum of money. Then the fake sugar daddy asks for some money back.
After they’re paid, the fake sugar daddy leaves and takes the money they falsely promised with them, leaving the sugar baby out of pocket.
The scammer will usually take one of two routes to get money from the sugar baby.
The first involves them promising a huge sum of money but asking for an upfront payment first. The second route involves the scammer paying the sugar baby a huge sum of money that evaporates after a period of time, but not before the scammer asks for some back first.
Your Sugar Daddy Is Fake
Don’t fall for a fake sugar daddy or sugar momma scams that could leave you in greater financial hardship.
Whenever a service pops up that allows people to transfer money on the internet, scammers are quick to follow suit. And as such, there’s been a recent spike in sugar daddy scams that can leave people out of pocket and miserable.
When performed with good intentions, the relationship between the sugar daddy and their baby is productive, and no scams or abuse technically occurs.
However, scammers are now leveraging this system and finding ways to extract money from people.
When the Scammer Asks for an Upfront Payment First
The first method is the easier of the two to sniff out. That’s because it uses common money-related frauds that we’ve seen for years in other services, such as Venmo-related scams.
The scammer begins by posing as a sugar daddy or mommy. They then approach people on websites and social media who are looking to become a sugar baby.
The scammer will send the user a message, telling them that they’re willing to pay off any bills they have or buy them expensive goods. This leads the victim into believing that the scammer has the solution to their problems.
The scammer then declares they’re ready to help the victim get out of the mess they’re in, but there’s a catch.
For some reason, the scammer will require a payment from the sugar baby before they send over the money. The reason can change from scammer to scammer.
Some will play the power card and say that the small payment acts as a “proof of loyalty.” Others will use an excuse such as payment fees or other expenditures involved in sending the money over.
Of course, the initial payment isn’t for anything: it’s just a scam. Once the scammer gets the money, they vanish without sending the promised money and leave the victim out of pocket.
How do Sugar Daddy Scams Work?
As I’ve described above, aspiring “sugar daddies” lure in their victims through direct messages on Instagram with messages that sound (and are) too good to be true.
They first try to gain your trust before carrying on with requesting payment. When they do get around to requesting payment “verification”, these scammers will disappear as soon as the money is sent and has come into their possession.
The payment for the verification is mostly done over prepaid cards, like Google Play or Amazon Cards. These are payment methods that can’t easily be refunded.
This scam is far from unique nowadays — many young women are affected by similar ploys from cybercriminals across the globe. Some of these women may have a difficult financial situation and could use the money.
Alternatively, they may just be looking for a certain standard of living that they can’t otherwise afford. The alleged “sugar daddies” exploit these situations to make a profit — and end up causing a lot of damage.
How sugar daddy scams work:
The relationship between sugar daddies/mummies and sugar babies is that the former provides their money, while the latter offers their companionship in return. As more and more people are seeking such relationships, online scammers have been making a killing.
- Step #1: Hunt you down on social media/a dating app
First, they pose as sugar daddies/mummies and hunt for sugar babies online, for example, via Instagram, Twitter, or dating apps like Tinder and Grindr. They will send you private messages and perhaps spend days chatting and flirting with you.
Eventually, they will invite you to become their sugar baby, promising you a high weekly or monthly allowance.
- Step #2: Win your trust with fake transaction “proof”
To win your trust, they will probably send you some “proof” of others who’ve successfully received payment. For example, they show you fake PayPal/Cash App transaction records, or they might use stolen credit cards/fake checks.
No matter how, they will do their best to make you believe they’re legitimate, but this is when the tricks start.
- Step #3: You have to pay first.
Before you get your money, they will ask you to pay first, either with money or your sensitive credentials. And then they will vanish, Gone with your money and personal information.
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Requests for Payment In advance
Most fake sugar daddies will ask you to send them money or gift cards to “verify” you are not a scammer (how ironic!) Here’s an example from Grindr. The scammer requests a $100 Steam gift card from the victim.
Requests for Personal Information
Besides direct payments, your banking information is also precious to scammers. Telling you that they need your data before they can send you money, these fake sugar daddies/mommies try to trick you into providing credentials like your bank account user name and password.
Once you reveal your credentials, the scammer can access your bank account and take control of it. They can transfer every cent out and even use your account to conduct other cybercrimes and trick more people.
How Can You Avoid Being Scammed?
The final point we will be discussing in this article on, can you get scammed on Cash App sugar daddy ” is on how you can avoid being scammed.
As a rule of thumb, it’s safe to assume that whenever something seems to be good to be true, that’s usually the case. Here are a few additional steps that you can take to prevent yourself from being scammed.
Don’t answer messages from people you don’t know. If you’re in doubt, look into their profile to see if there’s anything fishy about it. Ignore any messages promising free money.
Don’t give your personal details to strangers. You wouldn’t do it in person, so why do it on the internet?
Do your research. If you’d like to validate any message that you receive, there are plenty of resources from other people who have encountered similar types of scams.
Read through forums and relevant online groups to obtain more information.
Other Tips To Avoid Sugar Daddy Scams
- Never reveal your personal information! Avoid sharing things like phone numbers, addresses, and passwords.
- Be extra suspicious when strangers say they will send you money or any other kinds of rewards online. Free gifts are always a major red flag!
- Requests for money/gift cards are also signs of scams.
- Report to the FTC, FBI, or the social media network where you met the person if you suspect a sugar daddy scam.
- Think before you click on any links. Use Trend Micro Check first.
CONCLUSION
Finally, can you get scammed on Cash App sugar daddy? Yes, people get scammed all the time but as with any other scam, you just have to use common sense. If it’s too good to be true, it probably is.