You might end up typing your login information into a third-party app that will steal your personal information.

Never enter your Venmo login details anywhere other than on and the Venmo app.

Do not click on links in emails or texts that you receive out of the blue.

Always double-check a person’s profile or get in touch with them to find out if a strange request you received from someone is legitimate.

Limit your transactions to people you know and trust.

Your report may serve as a safeguard for other gullible sellers. Report a seller who attempts to commit fraud.

Inform Facebook Marketplace about scams.To deceive their victims, scammers often create fake insurance policies. If someone says you need a business account to accept payments, you can confirm this by visiting the app’s official website or getting in touch with customer service. Learn the terms and conditions of payment apps before using them.Scammers use fake email addresses that resemble legitimate ones. Verify the email address if you believe you have received a message from Venmo or another payment app. If someone sends you more money than you requested, take that as a warning sign. Buyers who offer you more than your asking price should be a cause of concern unless your item is rare and in demand. Never trust someone willing to overpay you.There are various ways you can avoid scams on Venmo: Of course, you’re motivated to complete this as soon as possible to receive the upcoming payment. They then request that you upgrade your account and pay back the customer for the alleged upgrade fee. Therefore, the buyer should pay an extra fee to receive payment. The email informs the recipient that the buyer used a business account to send the payment. After obtaining your email address, they’ll send you a fake reply, impersonating the payment platform. When buying something from you, a con artist may ask for payment via Venmo. If the seller falls for it, they’ll send the con artists money, only to have the first check bounce. They will then try to convince the seller to use Venmo to refund this overpayment. The con artists claim that this is an error or that the money is for shipping. For instance, they send you $250 even though the goods you’re selling only cost $200. Overpaying for a ProductĪ common Facebook Marketplace scam involves the buyer sending the seller a fake check for a sum greater than the transaction’s final price.

They could also claim to have sent you a payment that won’t go through to your Venmo account until you send the item and post the shipping instructions. They may send you screenshots of faked emails or use stolen bank account or credit card information.

Con artists might ask you to supply goods or services without making a legitimate payment. Always double-check who you’re selling to on Venmo.

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