We all know what Venmo is and how it works, and who would not? It is one of the best and most-known mobile payment services that allows users to send and receive money digitally. It was created to simplify payments between friends, family, or other people.
So naturally, it has gained popularity, especially among younger users, as a convenient and easy-to-use payment app. However, Venmo is a target for scammers, and accounts can fall easily if people ignore indications and hints and accidentally commit fraudulent acts.
Now, it is time to act and learn the patterns on which they can scam people so that it does not happen to you. If you understand their method of operation, you will be safe and not need to delete the app.
Dangers of Scams In Venmo
No one wishes to become a victim of scamming, especially regarding money. Scam artists have become a menace to society, and with the simple accessibility to Venmo, you could get scammed in no time.
All they need is an account and someone to start their scheme, but what proceeds is almost terrifying: You would receive a random payment for a specific amount of money (usually $1,000). You might first think it is an error until you check your account and confirm it is there.
What Venmo Scammers proceed to do is contact you by text messages or calls, saying that they sent you the money by mistake and want it back. If you unfortunately fall for the trap and send the money back to the scammers, you will be in serious trouble.
So now, not only did you send back the “accidental payment” back, but you also lost $1,000 from your wallet. It can happen to everyone, but you must recognise signs that someone might scam you on Venmo.
How to Avoid This Scam
First of all, do not panic if a significant amount is presented in your Venmo account. What you want to do is simply do nothing. Leave the money in your account alone and report it to Venmo. The company can revert the payment to the original owner.
If you start receiving threats for not giving back the money, tell them that Venmo is doing its job about the erroneous payment. After all, they can always contact Venmo if they’ve made a mistake to correct it.
Other Tricks Venmo Scammers Use to Steal Your Money
What we explained above is just the tip of the iceberg. Scammers are becoming more intelligent and creative with their methods. For instance, receiving an email from “Venmo” could be a trap.
Venmo indeed sends emails from time to time to you regarding your account, but scammers with fast fingers can get a hold of your account effortlessly.
https://www.tiktok.com/@feelingrandi78/video/7232448449835289898?_t=8gFQ8hibQ9t&_r=1
While it might look legitimate initially, it is vital to check the email address. As the person states, if the sender’s address does not say Venmo.com at the end, do not trust it. You can also identify if it is a scam by looking for grammatical errors or misspelling in the text.
But that is not all, since you can also receive spam calls from “Venmo representatives”. Keep in mind that Venmo does not ever call someone directly to their phone numbers. The only way to talk with them by phone is if you decide to contact their support team.
I feel like a total idiot getting duped by Venmo scam
byu/fairytalejunkie invenmo
If you have already been a victim of scams like these, you better be prepared for the next time someone tries stealing your Venmo account money. We understand that it can be petrifying, but you must face them to be safe and not fall for Scammers’ Tricks.