PayBack Ltd Review
The number of online scams appears to be surging nowadays. It doesn’t come as a surprise, considering the fact that the number of people using the internet for investment purposes has also gone up. This means cybercriminals have more opportunities that ever to exploit people and they can get away with these activities, due to the unregulated nature of the internet. Not only is there no central authority to monitor online activities, it has also become the norm for people to accept they have been scammed and not take any action. After all, people believe it is easy for cybercriminals to vanish and finding a trace of them is impossible.
Yes, there was a time when this was certainly the reality; there wasn’t anywhere you could go to report a scam and it wasn’t possible to trace any of these criminals because the internet granted them anonymity. There had been influx of people in the world of online trading after the financial crisis in 2008 that had prompted people to lose their trust in traditional investments. They wanted to try out alternative methods that could help them generate money and online trading in the forex, stock and binary options market was one way to go about it.
It was this increase in traffic that brought in cybercriminals and they posed as scam brokers to exploit people as much as possible. Initially, people didn’t even realize what was happening, but once the numbers began to increase drastically, there was a need for some solution to this dilemma. Who wants to waste their hard-earned money like this? Obviously, no one wanted to let this continue and so, they did try to make some effort. The problem was that even lawyers were not able to help and neither could financial institutions because they have no expertise in this area.
This is when the concept of fund recovery services was introduced, which were launched for helping people in recovering the funds they lose in online trading and investment scams. These scam recovery services were established to help people in getting back the funds they thought they had lost forever. Of course, this was a good sign for many people and they eagerly signed up for their services. However, as it turns out, not all recovery services are legitimate either because scammers have tapped into this well too. This means that you have to put in some effort into finding the right recovery service.
You cannot just rely on anyone because they may leave you high and dry once more. So, in which category does PayBack fall into? Is it the right choice? It is based in Israel and is a trademark of MoneyBack Ltd. The company is regulated and authorized in Israel and offers its services to people globally. They are not required to be regulated by the FCA in the UK due to a legal exclusion. But, what makes this a good choice for you? Here are some of the aspects of PayBack that make it so:
An important thing to remember about online scams is that cybercriminals are not just interested in your funds; they are also interested in your information because it can be sold, or misused. Identity theft has become very common and can lead to disastrous consequences. The problem for people is that when they decide to sign up with a scam recovery service, they are required to share some personal information with them. This includes your name, address, phone number and more confidential information. Plus, you also have to provide them details about the scam, which means that you are essentially left vulnerable once more.
- They don’t have any red flags
As scams became rampant in the online world, some tips were provided to the general public to steer clear of them. What did they include? These comprised of some common features that scam websites tend to have and this makes it easier for people to identify them. Sure, cybercriminals are good at what they do and they deliberately add such features and offerings that often tempt people and push them into throwing caution to the wind. This is something you want to avoid. When people discover that they have been scammed and they begin looking for a recovery service, they are often desperate.
This means that they are not thinking clearly and often end up choosing a service without doing their due diligence. This can be a big mistake because you need to ensure that it doesn’t have any red flag that could indicate it is also a scam. If you check out PayBack, you will not have any concerns because they do not have any of the common red flags seen in scams. First off, the company is transparent and open about everything. They have mentioned their entire process and have actually given a step-by-step insight into what they do for recovering their clients’ funds.
Other than that, they are also open about the fee they charge and provide details about their team to help people in understanding exactly who will be doing the work. Most importantly, PayBack has also specified that they do not accept all cases. They evaluate a case first and only accept it if they believe they can recover the funds. This is another strong indication of an authentic platform because scammers wouldn’t turn down any case, as their goal is to steal as much money as possible.
Apart from that, you will also find that PayBack has shared their office address that you can visit and they have provided several support channels for their clients to use, so they will not just disappear. The content on their website doesn’t make any false promises or tall claims either. In addition, you will not find any punctuation or spelling mistakes, or even grammatical errors, which are often common on scam websites. The absence of these red flags is definitely reassuring because it indicates that you are opting for a genuine recovery service.
- They offer a free consultation
Another aspect of PayBack that can clear any potential doubts you may have about them is the fact that they offer you a free consultation. As mentioned earlier, there are a number of these fund and scam recovery services operating nowadays and you can easily make a list by searching on Google. If you check out a couple of them, you will discover that most ask you to deposit a fee before they do anything. This can be a difficult step for people, especially when you are a victim of a scam. How can you trust blindly once more? This often makes people reconsider their decision and they abandon the thought of pursuing a refund altogether.
This is where you will find PayBack to be different from the rest because they are offering their clients a free consultation. They understand that people may not be willing to hand over their money straight away, especially when they have hundreds of questions and doubts. After all, it sounds too good to be true that you may be able to get your funds back from an online trading scam. It is very easy for anyone to be able to book a consultation with PayBack for free.
You just have to visit their website and you will find a basic form that you need to fill. It takes you less than five minutes to do so and once you have booked a consultation with PayBack, you can decide which way you want to go. This free consultation is the perfect opportunity to talk to their staff, ask questions about their process, fees and recovery odds. You can share details of the case and see how they respond.
If you are satisfied with how they engage with you and believe that PayBack can help you, then you can take the process forward. Otherwise, you can just back out and not have to pay anything at all. This is a feature that PayBack is offering to its clients because it is a genuine and legitimate platform that’s committed to helping people in recovering the money they have lost to scammers.
- They don’t have excessive fees
Some people do explore the option of using recovery services after they have gone through a scam, but drop the idea soon enough. This is because they explore a couple of options and find out the excessive fees and other charges they will be required to pay. Moreover, some other companies have hidden fees that can also be very frustrating to people because they don’t want to have to spend twice the amount of what they are recovering. It is not just practical to do so because it would be a loss in the long run. Fortunately, you will not have the same complaint with PayBack because their fee model is quite reasonable.
First off, the most appealing thing about PayBack is that they are honest and upfront about their fee and don’t attempt to mislead you in any way. Rather than being vague, they believe in being straightforward, so their clients can know exactly what they are getting into and can avoid any nasty surprises. They offer a free consultation and once you have decided to move forward with their services, you have to pay a small fee. They will then proceed with your case and once they have done their work and made a recovery, you will be required to pay a commission on the amount they have gotten back.
These are the only charges you are required to pay and they don’t expect you to pay any other additional fee, or spring up any hidden charges. The goal of the PayBack team is to keep the costs as low as possible, so you will consider it worthwhile to recover your funds and not have to spend a lot of money in doing so.
- They have excellent reviews
If you still have any doubts about the authenticity and effectiveness of PayBack, you only need to check out their reviews to clear them. Customer reviews are one of the best ways to find out the truth about any company because these are provided by their clients, which means they are a true insight into what kind of services you can expect to get. A quick look at PayBack’s customer reviews will show you that signing up with them would be a smart decision for you.
They are an experienced company that has been operating in the market for a while and the sheer number of solid reviews they have received indicates that they know what they are doing. Isn’t that what you want? PayBack doesn’t just make you promises for recovering the funds you have lost; they really deliver, which means that many people have been able to use their services to get their money back. You can find a number of success stories related to the service and this gives your confidence a boost.
Whether you have been a victim of a binary options scam, forex or stock trading scam, or even a cryptocurrency scam, you can use PayBack for taking action and getting your money back.