![]() How To Get Your Money Back If You Were Scammed on Venmo The odds for recovering lost or stolen Venmo funds are better than other payment methods, such as Cash App and Zelle - but still significantly worse than those who used PayPal or a credit card.įor the best chances of getting back your lost money, there are steps that you can take. PayPal, credit card, and debit card users all had a better chance of recovering lost money than Venmo users. In this guide, we’ll cover what to do if you’ve been scammed on Venmo and how you can try to get your money back. If you’ve been scammed on Venmo, you need to act quickly if you want to recover your lost money. Fraudsters have learned how to take advantage of Venmo (and other peer-to-peer payment services like Zelle and Cash App) to scam victims out of millions. Unfortunately, Venmo scams like these are only becoming more common. But once the credit card’s rightful owner reports the fraud, the bank reverses the charge - which means that the stolen $500 would have come out of Jessica’s account. ![]() Thinking the whole thing was a big misunderstanding, she was about to send the money back - but something didn’t feel right. Luckily for Jessica, she looked up “accidental Venmo payments” and quickly learned that she was being targeted by a scammer.įraudsters use stolen credit card numbers to send money to hundreds of people. Jessica Roy was juggling diaper changes, feeding schedules, and the responsibilities of new motherhood when she received a notification that a stranger had sent her $500 on Venmo for an “antique table”.
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