I must say that my experience with Paypal is cool. I have been receiving my regular monthly payments from a postal survey company in the form of paypal funds. I have no issues with paypal.

However, let me inform you that recently I have received two emails stating that I am supposed to login into my paypal account with regard to some up-gradation from Paypal. I did not act on this email because I found it suspicious. The email was addressed to me as Dear Paypal member. Also I did not posses my paypal account with that particular email address which the email suggested me to check as my paypal account.

These fraudulent emails are bound to exist but we should try to maintain the image of genuine payment processing websites by being alert during online payment transactions and also while dealing with emails from payment processing companies.

Did you ever come across a fraudulent email, claiming from a Bank or a payment processing website?