Time to fill you in on the latest scam coming down the pike. This new scam is just one of many using digital wallets apps, such as PayPal, Venmo, Zelle, and Apple Pay.
Unlike credit cards, a lot of digital wallet vendors will not shoulder the cost of fraud. If you pay scammers using a digital wallet, you may not be successful in getting the company to reimburse you.
Here is how the scam works. You get a Venmo request from a friend who needs some cash. Perhaps your friend has lost their wallet and needs a little cash help. Could you send a couple of hundred dollars to tide them over?
It sounds ok doesn’t it, and it looks like it, too. The message comes from an account using what looks like your friend’s username and profile photo. Look closer, you notice that the name is a character or two off from their real Venmo account.
Scammers are taking advantage, using the information visible in Venmo’s public feed, they figure out from who this person had…