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- Banco Santander is halting bank transfers for Facebook Marketplace payments.
- Santander customers lost £6.5 million this year to Facebook Marketplace scams.
- Customers will receive tailored scam warnings before making payments.
- Bank transfers won’t be authorized if customers haven’t seen the item in person.
- Customers are advised to use secure payment methods like PayPal or cards.
- Scam prevention heightened as Christmas approaches, says Chris Ainsley, head of fraud risk management at Santander.
Santander bids to clamp down on Facebook Marketplace scams
