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have you heard about this paypal invoice scam going around in 2022 scammers are using invoices to trick small businesses individuals and big corporations into sending money to fraudulent accounts posing as legitimate businesses invoice scams can be seriously damaging as similar scams cost big tech companies like facebook and google hundreds of millions of dollars in 2019. in this video we're going to explain one how the paypal invoice scam works two how even big companies are tricked by these scams three how you can create personalized invoices to avoid getting caught up by these scams and four how to use a fully customizable template we created to get started if you want to go straight to the resource skip ahead and go there now if you've ever used paypal you probably know it allows sellers to create invoices to send to other users accounts to pay for a product or service directly on the platform the scam that's going around now takes advantage of paypal's minimal security filters which don't double check if an invoice is legitimate or not which makes it pretty easy for scammers to send invoices that request payment for a service to other paypal users in this example the billing department of paypal requested a thousand dollars from a walmart e-gift card purchase other scammers send invoice estimates like this example where sixteen hundred dollars was requested for a new internet connection in this case the goal is for the users to click a scam link or call a phone number sometimes these invoices request cash or sometimes crypto but they usually all have some form of here's your invoice or invoice updated with a button to save view and pay invoice this mimics a real paypal invoice and is sent through a spoofed version of the service paypal.com email address and these scams aren't just limited to invoices we even got a text message from paypal support while researching this video unfortunately this video wasn't finished by the time we got the text and now one of our writers is filing for bankruptcy and lives in the office basement surviving off spend drift and cheesy puffs so what can you do if you get one of these scam invoices first of all don't click anything and do not call the numbers check it for typos and if you're really not sure if it's legit check your paypal account on a separate device or through the paypal app directly and be careful these scams aren't just limited to paypal scammers have also used quickbooks domains to send malicious invoices made with a free quickbooks account and have spoofed requests for payments from brands like norton antivirus or office 365. these scammers then convince their victims to call a number to learn more giving them a second benefit a phone number to call back for repeat scams how bad can getting scammed by an invoice get well google and facebook found out the hard way when they had to pay over 100 million dollars to invoice scammers back in 2019 between 2013 and 2015 lithuanian man evaldes rimasauskas stole 99 million from facebook and 23 million from google with invoices forged contracts and emails from real execs signing off on the purchases these invoices were made to look like they came from a taiwanese contractor that facebook and google regularly did business with called quanta computer incorporated the payments were then paid to a company in latvia after which the money moved from cyprus to lithuania then hungary slovakia and hong kong before google ultimately caught him he thought he was leonardo dicaprio and catch me if you can but he was actually leonardo dicaprio after he got caught in catch me if you can while facebook and google got their money back the fbi says scammers stole 12 billion dollars with email scams between 2013 and 2018 most of which was never recovered for example the toy company mattel lost three million dollars when scammers impersonated the company's ceo this type of loss can seriously harm smaller companies the clothing retailer diesel jeans even filed for bankruptcy in 2019 all because of invoice fraud and these scams are on the rise last year email scams cost u.s businesses 2.4 billion dollars which was 33 percent more than the year before so basically i'm never emailing anyone anything ever again got it so how can you create an invoice for your business that buyers know is safe and isn't flagged by email security services and lost forever you need an invoice that's customized to your business that's not auto generated through quickbooks or paypal and that you can send in an email as a pdf our invoice template collection provides printable invoices for any business need whether you're a small business a freelancer a consultant a contractor or a big corporation there are templates you can customize and save as a pdf so your buyers know your documents are safe and coming directly from you this enables you to get paid on time without the invoices getting spam filtered by security precautions each template is stylishly designed so you can break down your charges by service product quantity hours or all three once you pick the invoice that's right for you customize it to your needs and the invoice handles the calculations the template also tracks all of your invoices in one place so you know how many have been paid and how many are outstanding now i'll show you how easy each invoice is to customize and use the first step is to select the invoice that's right for your business each invoice in the collection has its own style and functionality for different use cases for example if you're a small business use this sales invoice to bill customers or this one to ship to them as a freelancer this invoice breaks out your hours along with your hourly rate to tally what's owed after you've selected your preferred invoice you can customize all of the fields in blue enter your billable services product quantities and additional expenses and our templates will calculate the totals accounting for taxes and fees the pro forma invoice calculates freight tariffs insurance legal and inspection fees for international orders and the corporate sales invoice allows you to account for currency exchange rates for international deals just select the currency and country of origin for the exporter and cosignee with the drop-down filter then enter the current exchange rate and any additional fees last our invoice tracker lets you tally your outstanding invoices to keep track of how much you've received and how much you're owed simply enter the number date and details of each invoice you send out at the top you'll see how much you've invoiced to date while the date of payment column tracks when you've been paid for that invoice with fully personalized invoices your clients will know your invoices are coming from a trusted source and not from a scammer for more custom invoice templates check out our other video on how to make an invoice that increases profits thank you so much for watching [Music]