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The good news is that Venmo offers many safeguards to help keep your money safe. See: 3 Things You Must Do When Your Savings Reach $50,000 10 Common Venmo Scams
Venmo has made transferring cash more convenient than ever, but some scammers are using the app to steal your money. The post 6 Common Venmo Scams to Watch Out For appeared first on Reader's Digest.
When the credit card companies find out about that stolen cash, though, they’ll return it to the original card owner, leaving you on the hook for the amount you sent to the criminal.
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
People may try to take advantage of you or the technology, so you should educate yourself
Money held in popular apps like Venmo, PayPal, and CashApp are more vulnerable to financial uncertainty because they may not offer federal deposit insurance through the FDIC or NCUA.
While most junk email can seem like a minor annoyance, certain types of email can cause problems for not only you but other people you email. Sometimes these emails can contain dangerous viruses or malware that can infect your computer by downloading attached software, screensavers, photos, or offers for free products.
Furthermore, Venmo charges consumers an additional 3% fee to send money using a credit card, which will surely ruffle any tenant's feathers. ... Venmo does make it easy to pull tax forms, but ...