Experts say these vulnerabilities could be reduced if the organisations responsible for PayID marketed and educated people about it more effectively. In reality, PayID is free and doesn’t have these sorts of conditions or account tiers. "If you check, there’s an email that looks very much like a bank email saying there’s a problem with your PayID" "They might say they have a business or professional PayID account or it didn’t come through and you need to check your email," he explains. Here’s how the scam typically goes, although there are a number of variations. "It just happens instantly," he explains, describing his experience of using the service to receive money from buyers. RBA research from the same year found around half of Australians had heard of the service and 30% had used it in the preceding 12 months. References: payidpokies1