U.S. common payment methods used in romance scams 2022

Published by Ani Petrosyan, Jul 27, 2023
In 2022, 34 percent of financial losses caused by romance scams included cryptocurrency payments. Meanwhile, gift cards were the most frequently mentioned payment method in reported romance scams in the United States. In almost 20 percent of the reports, the payment method was cryptocurrency.

Most common payment methods used in romance scams in the United States in 2022

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Release date

February 2023

Region

United States

Survey time period

2022

Number of respondents

8,070 respondents

Special properties

based on romance scam cases reported to the Federal Trade Commission of the United States

Supplementary notes

Figures exclude reports that did not indicate a payment method, and reports contributed by MoneyGram and Western Union. The gift card payment method includes cards that hold a specific cash value that can be used for purchases and reload cards such as MoneyPak that are used to add value to these cards.

Figures might not add up to 100 due to rounding.

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