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Information for Cyprus Expats on ways to prevent losing your money involving rental property in Cyprus
Be protected
THE level of protection you have depends on how you pay for your holiday. Consider the following payment options before you send any money.
•Some owners may have a PayPal account, which allows you pay online via credit card. Payments by PayPal are covered for 45 days after payment, so if you pay your balance 6-8 weeks before this should give you enough time to make a claim following a fraud.
•Paying by credit card offers the most comprehensive protection from fraud. There is protection on most payments of £100 and above.
•Debit cards may offer some protection through the chargeback scheme, but this varies so check with your bank.
•Be wary of paying for accommodation by untraceable methods such as a wire transfer company.
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