LAS VEGAS - nvtip -- Microtransactions have become an increasingly popular form of online payment in recent years, with the rise of digital content and mobile gaming. These small transactions, often as low as a few cents, allow users to purchase virtual goods and services without committing to a large upfront payment.

While microtransactions can be convenient and efficient, they also come with their own set of risks, including various types of scams and fraud. Panelists at MoRE 2.0 Conference scheduled on July 10-12, 2023, at Caesars Forum in Las Vegas, USA, are all set to review the emergence of microtransactions, their use cases, and the major types of microtransaction scams, along with solutions to protect users from fraudulent activity.

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Microtransactions first emerged in the world of online gaming, where they were used to purchase virtual items such as weapons, armor, and other in-game assets. These transactions were typically made using in-game currency, which players could either earn through gameplay or purchase with real money.

Tipping off the discussion around microtransaction scams, experts at MoRE 2.0 Conference are likely to highlight subscription traps, a common fraud initiated by scammers offering a free trial period for their product or service, but requiring users to enter their payment information to sign up. Once the free trial ends, the seller automatically charges the user's account for a recurring subscription fee, often without clear disclosure or opt-out options. To avoid this scam, always read the fine print and check for subscription terms before entering payment information.

In some cases, scammers may pose as legitimate payment platforms or use similar-sounding domain names to trick users into entering their payment information. Once the information is entered, the scammers may use it for fraudulent purposes or simply disappear with the funds. To avoid this scam, always verify the legitimacy of payment platforms and double-check the URL before entering payment information.

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Free trials can be a great way to try out a product or service before committing to a purchase. However, it's important to read the fine print and understand the terms and conditions of the trial. Some scams may use free trials as a way to obtain your payment information and charge you for a subscription or additional services without your knowledge or consent.

MoRE 2.0 Conference, amongst the most anticipated real estate and financial events in Dubai and the USA for the upcoming year, will host industry veterans and experts engaging in industry-relevant discussions to debunk prevalent challenges and advancements across various fields!