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Home  /  Financial   /  Take Precaution From Mobile Payments Scams

Take Precaution From Mobile Payments Scams

Take Precaution From Mobile Payments Scams
Mobile payment apps like CashApp, Venmo, or Zelle can be convenient ways to get quick cash to your family and friends. But remember the first rule of sending money, whether you’re using an app or money wiring service: make sure you know who’s on the receiving end.

Don’t be afraid to use mobile payment apps — just empower yourself against scammers with a few tips:

  • Never send money to anyone you don’t recognize.
  • If you get a cash request from someone you do recognize, call or contact them using a number you know to confirm, even if you’ve sent them money through the app before.
  • Read your bank statements closely and regularly. Ask the app company and your bank to reverse any transactions you didn’t authorize.
  • If you’ve experienced a money transfer scam or other fraud, report it to the FTC.

 

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