If you want to know how to get your money back if you’ve been scammed yourself, it’s important to understand what your rights are. Part of understanding your rights is understanding the payment method used. This is because the way you pay can determine whether you get your money back from your bank and how this is done.
One of the most common ways in which people send funds to fraudsters is through what is known as an “authorised push payment”. People use many names for this payment method, and you may hear it commonly called ‘APP fraud’. This is where you send money to someone via bank transfer for something you believe is legitimate, but turns out to actually be a scam. It is called a ‘push’ payment as you are sending money, as opposed to a ‘pull’ payment where funds are taken.
If you want to know how to get your money back when you’ve paid by BACS, bank transfer, faster payment or wire transfer then you may find this article useful.