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Premier League football fans urged by major bank to watch out for ticket scams

by Vicky Shaw
August 3, 2024
in Finance
Reading Time: 3 mins read
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Soccer followers are being warned by a serious financial institution to be careful for ticket scams, after it recorded a soar in instances.

With the brand new Premier League season beginning quickly, Lloyds Financial institution stated buyer evaluation signifies the variety of folks reporting being scammed when shopping for soccer tickets rose by a few third (32%) throughout the 2023/24 season, in contrast with the earlier season.

Final season folks misplaced £177 on common, with some followers shedding greater than £1,000.

These aged between 25 and 34 have been probably to fall sufferer to a soccer ticket rip-off final yr, accounting for 29% of all instances, adopted intently by 18 to 24-year-olds (27%).

Lloyds’ buyer evaluation signifies supporters of Arsenal and Liverpool fell sufferer most frequently final season, however the financial institution stated that followers of all main golf equipment are in danger.

All the time follow official channels as your first line of defence, and keep away from offers which look too good to be true

Liz Ziegler, Lloyds Financial institution

Scams typically begin with criminals creating pretend posts on social media or on-line marketplaces to promote tickets that don’t exist.

Typically they are going to embrace photos of actual tickets to persuade the customer that they’re real.

The sufferer is then tricked into making a fee, often by financial institution switch.

As soon as the cash has been transferred, the fraudster merely disappears, and the sufferer receives nothing in return.

Lloyds stated these on the lookout for tickets ought to at all times go to a trusted supply and these wanting to purchase match tickets ought to look to buy them immediately from the golf equipment.

The golf equipment can even present particulars of any authorised ticket companions on their official web site, which can embrace authentic methods for tickets to be resold by people.

Unrealistically low costs are a technique fraudsters lure victims in – but when demand for tickets is excessive, they’ll cost extra to trick determined consumers.

Fraudsters will goal any main occasion the place demand for tickets is more likely to exceed provide, Lloyds stated.

Earlier this yr, Lloyds Financial institution estimated that followers of Taylor Swift had misplaced greater than £1 million to ticket scammers forward of her UK tour.

Liz Ziegler, fraud prevention director, Lloyds Financial institution, stated: “Passions run excessive when supporting your favorite soccer workforce, and lacking out on the massive match after falling sufferer to a ticket rip-off might be devastating.

“There are some easy ways each fan must know. All the time follow official channels as your first line of defence, and keep away from offers which look too good to be true.

“Most scams kick off on social media, the place impostors create pretend profiles to promote non-existent tickets.”

Lloyds’ figures have been primarily based on evaluation of related buy scams reported by Lloyds Banking Group clients between July 2023 and Could 2024, in contrast with the equal interval the earlier season between July 2022 and Could 2023.

Lisa Webb, Which? client regulation professional, stated: “Scammers are at all times looking out for brand new alternatives to half folks from their hard-earned money and, sadly, tickets to sought-after soccer matches aren’t any exception.

“It’s at all times finest to purchase tickets immediately from the membership or one in all its authorised ticket companions reasonably than on social media. When you or a cherished one do fall sufferer to a rip-off and also you made a financial institution switch then contact your financial institution instantly and report it to Motion Fraud or Police Scotland.

“Most main banks are signed as much as a voluntary reimbursement code and so ought to take into account reimbursing clients who’ve been focused by scammers. Victims could must take their case to the Monetary Ombudsman Service if their financial institution initially rejects their declare.”



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