October 20, 2021
Scam/Fraud

Venmo users warned about scam where strangers ‘accidentally’ send you money before draining your bank account

VENMO and Cash App users are being warned about a scam where strangers send you money “by accident” to later request it back.

If you fall for it and you return the money, you’re sending your own cash and not theirs.

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Venmo and Cash App users are being warned about a scam on the payment appsCredit: SOPA Images/LightRocket via Gett
If you fall for it and you return the money "sent by accident", you're sending your own cash and not theirs

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If you fall for it and you return the money “sent by accident”, you’re sending your own cash and not theirsCredit: TikTok/Keepingupwithchellybean

This is because scammers are creating profiles with stolen credit cards, meaning the funds will be marked as fraudulent and eventually removed from your account, according to Better Business Bureau (BBB).

However, if you send the money back to the scammer, they will delete the stolen credit card from their account and add their own instead.

In other words, the cash you’re sending will go to their personal account, and you’ll be the only one with a drained bank…

Read full article here: www.the-sun.com