Don't Be Fooled by These Devious Venmo, Cash App and Zelle Scams

Scammers are endlessly creative. From toll road texts to "unclaimed package" alerts, it seems like every day, there's a new scheme to watch out for. But thieves also target you by a method that may not raise as many red flags: digital payment apps. Apps like Zelle, Venmo, Cash App and PayPal make it easy to send money to others. With a click of a button, your cash is gone -- and it can be nearly impossible to get it back if you send it to a scammer. Customers at three banks lost over $870 million to scams on Zelle since it launched in 2017, according to a lawsuit filed by the Consumers Financial Protection Bureau. Banking giant JPMorgan Chase will soon block certain Zelle transactions in hopes of preventing fraud, but it's also on you to keep your money safe. Read on to learn the most common digital payment app scams, so you'll be less likely to fall for one. 9 common digital payment app scams Con artists can be creative, but most digital payment scams fall into the following cate ... Read full article.