Staying Safe With Crypto
Understanding third party investment risks and scam warning signs
At Pay It Now, our role is to provide access to digital asset services including buying, selling, and transferring crypto assets. We do not provide financial advice and we do not endorse, promote, or partner with third party investment platforms, managed accounts, trading bots, or any scheme that promises returns.
Digital assets are high risk by nature. You can lose some or all of your money. It is important to understand the risks involved and to remain cautious when engaging with any third-party platform or individual outside of the PIN platform.
For full details on how these risks are managed within our platform, please refer to our Terms and Conditions and Risk Disclosure, available on our website.
Be cautious of unrealistic return claims
If a third-party platform, individual, or group is promoting guaranteed profits, unusually high returns, or low risk outcomes, this is a significant red flag.
No legitimate crypto investment can guarantee returns or remove risk.
Check regulator warnings before you invest
Before engaging with any third party platform or opportunity, we strongly encourage checking official regulator warnings and alert lists.
These resources publish information about known scams, unregistered businesses, and high risk activity.
Australia
ASIC MoneySmart Investor Alert List
https://moneysmart.gov.au/check-and-report-scams/investor-alert-list
New Zealand
Financial Markets Authority warnings and alerts
https://www.fma.govt.nz/library/unregistered-businesses/
How the PIN platform manages risk
To meet our AML, fraud prevention, and regulatory obligations, Pay It Now applies a risk based approach to monitoring and customer due diligence.
Where credible indicators of scam activity, fraud, or regulator warnings are identified, we may take steps including
• requesting additional information about source of funds, source of wealth, or transaction purpose
• applying restrictions on deposits, withdrawals, or transfers
• delaying or refusing transactions where required for compliance or client protection
• blocking transfers to addresses or services reasonably believed to be linked to scams or fraud
• closing an account where risk cannot be adequately mitigated
These measures are designed to protect both our customers and the integrity of the network.
Steps you can take to protect yourself
• do your own research and seek independent advice from a licensed adviser if needed
• never share your wallet seed phrase or private keys with anyone
• be cautious when moving assets to third party wallets or platforms you do not fully understand
• if something feels wrong, stop immediately and do not send further funds
• contact our support team as soon as possible if you have concerns
If you believe you have been targeted or scammed
Act quickly. Early reporting can improve the chances of limiting losses.
New Zealand
Report a scam to the Financial Markets Authority
https://www.fma.govt.nz/scams/report-a-scam/
Department of Internal Affairs scam reporting guidance
https://www.dia.govt.nz/spam-how-to-report-scams
Australia
Report scams or misconduct via ASIC MoneySmart
https://moneysmart.gov.au/check-and-report-scams/investor-alert-list
Important notice
This information is general only and is not financial advice. You are responsible for your own decisions and for assessing the legitimacy and risks of any third-party platform before transferring assets off the PIN platform.
For legally binding terms, platform controls, and risk disclosures, please refer to our Terms and Conditions.
For full details on how these risks are managed within our platform, please refer to our Terms and Conditions and Risk Disclosure, using the link below
