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Kiplinger
Kiplinger
Business
Becca van Sambeck

The Most Common Venmo Scams — and How to Avoid Them

A man in a dark hoodie with the hood up uses a smartphone against a dark background.

Venmo makes payments simple and fast. Going in with friends on an expense? You can pay someone back in seconds. Buying things secondhand? No need to dig in your purse for cash. Financial transactions are more convenient than ever with apps like these, but, of course, as with many digital accounts, there are risks. 

Fraudsters are known to be specifically targeting Venmo users. And as scams become cleverer and more high-tech, anyone can fall victim, putting you at risk of losing hundreds or even thousands of dollars. 

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