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Is The PayPal Golden Ticket A Scam?

Is The PayPal Golden Ticket A Scam?

If something seems too good to be true, then it probably is. So, when PayPal told everyone they were dishing out free money, many people just didn't believe them, with plenty taking to social media to call it a scam. Earlier today, money saving hero Martin Lewis dispelled this theory and confirmed that if you do go onto your PayPal account today you might find a very real golden ticket worth up to £50.

Nobody is going to argue with Martin about money are they? He went on Good Morning Britain to say that if you've received a golden ticket, you could win between £5 and £50. With payday seeming like a lifetime away, it'll be a great little boost for many.

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Martin Lewis Urges People To Check Their PayPal For Golden Ticket. Credit: PA / PayPal
Martin Lewis Urges People To Check Their PayPal For Golden Ticket. Credit: PA / PayPal

It only takes a minute to check if you've won a prize in the Golden Ticket giveaway:

1) Visit www.paypal.com and log into your PayPal account

2) If you're a winner, you'll see a Golden Ticket

3) If you have won a prize you can spend it at one of the millions of sites accepting PayPal before the 30th September 2019

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Free £50 PayPal Golden Ticket Up For Grabs Confirms Martin Lewis
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Free £50 PayPal Golden Ticket Up For Grabs Confirms Martin Lewis

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Whilst the odds of winning are considerably better than playing the lottery, Martin Lewis did admit that only around 1% of PayPal users will win something. But, it costs nothing to check, so why wouldn't you? Plus, you've probably got more chance of winning that than winning anything on your £1 acca you're planning this weekend.

According to the PayPal website, there's also also lots of Silver Tickets that can be won as well, so even more reason to check your account.

If you've been lucky, the amount will be added to your PayPal credit and will be applied to your next PayPal spend automatically, BUT you only have 10 days to spend it. The deadline is 11.59pm on Mon 30 Sep, after which any unspent prize money will disappear. I'm sure that won't be a problem.

If you have won, it's worth noting that the money is valid on any online purchase through PayPal as long as it's in British pounds. With a few exceptions, there's no minimum spend and you don't have to spend it all in one go.

Martin Lewis has urged people to check their PayPal accounts for free money. Credit: PA
Martin Lewis has urged people to check their PayPal accounts for free money. Credit: PA

So, what are you waiting for? Get your behinds over to PayPal right now and see whether you're in the lucky 1 percent.

Featured Image Credit: PayPal

Topics: Viral, uk news, Money, Scam

Edward Watkinson

Ed Watkinson is a content strategist and editor at LADbible Group. Ed works across both marketing and editorial and has contributed to the hugely successful UOKM8, Extinct and Trash Isle campaigns.