This isn't an unusual scam: Con artists often use stolen credit cards or bank account numbers to make a Venmo payment. What happened? Venmo said that someone filed a credit card dispute over the $900 payment sent to the victim. But a few weeks later, Venmo froze her account, took out the money she had in it - about $375 - and told the victim that she owed her another $525. The buyer told the victim that this was a simple mix-up. A buyer sent her $900 instead, and the payment was labeled 'kitchen set.' In another scam reported by ABC WCVB in Needham, Massachusetts, a victim was using Venmo to sell a mirror last year for $30.

The problem? The email seems to be a scam. And that’s proven true with Venmo, too.įor example, in February of 2022, Snopes reviewed a scam email that promised recipients a $1,000 Venmo gift card if they filled out a survey. Scammers are always quick to use the latest technology to trick victims out of their money. It all starts with learning what these scams are and how they operate. Scammers have also used Venmo to make fraudulent purchases, leaving sellers without the product they were selling or any of the dollars they thought they were making from the sale.įortunately, there are ways to help protect yourself against Venmo scams. Hackers have discovered that they can use Venmo to trick users into providing their bank account information or Social Security numbers. There is a catch, though: Venmo has become an attractive tool for cybercriminals and other scammers hoping to separate you from your money or steal your personal and financial information. Again, you can use Venmo to send your fellow worker your half of the fare. Or maybe you and a co-worker need to split a cab ride. Your friend can pay for the entire meal while you send your half of the payment to your friend through your Venmo app. Say you're at a restaurant and you want to split the bill. Payment-app Venmo makes it easy to send money to friends or family members.

Venmo account frozen