Tradies frustrated by banks as business email scam costs them $51,000

November 25th, 2020 Posted by Alerts, Internet Safety, Staysmartonline, Take Five to Stop Fraud 0 thoughts on “Tradies frustrated by banks as business email scam costs them $51,000”

Gobbill would have STOPPED this invoice #fraud and saved Jane $51,000.

Whether it is a $8m invoice fraud sinking a Sydney hedge fund or $51K tradie invoice, Gobbill would have stopped these invoice fraud examples.

For $25pcm on our starting plan, you benefit from our fraud checking and saved time having to key invoices into Xero, or use internet banking to pay bills.

Jane helps run the family building business, and in May she was arranging to pay $51,000 to a subcontractor.

It was on her son’s ninth birthday that she realised she’d transferred that amount into a scammer’s bank account.

“It was a horrible day. I just felt sick all day, just wondering where the 50 grand was,” she said.

“I thought it’s a huge [invoice]. I’ll break it up into two payments until we’ve got more funds to pay for the whole invoice,” she said.

She’d worked with concreter Simon O’Donnell for almost a decade, making countless payments to him in that time.

But a couple of days after Jane transferred the funds, Simon called her husband, asking where his money was.

Now Jane and her sub-contractor Simon are frustrated by banks as business email scam costs them $51,000.

Sign up to Gobbill for $25 pcm to digitise your invoices, check for fraud and auto pay Australian businesses.

Source and read more at ABC News https://ab.co/2Jah0Ee

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