2 min read
Why it is a red flag
Legitimate UK suppliers rarely switch to demanding cryptocurrency. Fraudsters favour crypto and unfamiliar accounts because payments are fast, hard to trace and near-impossible to reverse — the same reason invoice redirection works.
The check that stops it
Never act on a payment-method or account change from an email alone. Call the supplier on a number you already hold. Two-person approval on unusual payments, as in reducing payment fraud, adds a second gate.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Should I pay a supplier in crypto if they ask?
Treat a sudden crypto demand as a red flag. Verify the request directly with the supplier on a trusted number before doing anything — crypto is hard to trace and recover.
Why do fraudsters prefer crypto?
Because payments are fast, hard to trace and effectively irreversible, so recovery after a scam is very difficult.
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