Santander warns customers of increased purchase scams on online selling sites, with claims rising to £7.3m in 2023.

Santander has warned customers with over £500 in their bank accounts of potential "bargain" purchase scams, as purchase scams originating on online selling sites increased by 32% in 2023 compared to 2022. The high street banking giant reported that claims have risen to £7.3m in 2023. Santander has teamed up with Gumtree to warn customers of potential scams, following Gumtree's removal of 1,177,292 listings in 2023 for failing to meet posting standards.

April 02, 2024
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