Money venmo'ed to wrong person

[Anonymous]

OP here. I blocked the person without paying or otherwise communicating. Shortly after, I got an email from Venmo saying the person had cancelled her request for payment. I can't tell if I still have the money she mistakenly sent, but that's her/venmo's problem, not mine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

This lays it out pretty well: https://fraudpreventionunit.org/2021/07/21/watch-out-for-this-venmo-scam/

[Anonymous]

Anonymous wrote:OP here. I blocked the person without paying or otherwise communicating. Shortly after, I got an email from Venmo saying the person had cancelled her request for payment. I can't tell if I still have the money she mistakenly sent, but that's her/venmo's problem, not mine.

So how much did they send you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

No, you are out the money.

Sally steal’s Jane’s credit card. Sally links it to her Venmo and “accidentally” sends you $600 from Jane’s card.
Sally asks you to send her $600 back because it was a mistake.
In the meantime, Sally links her own credit card to her Venmo.
When you send her $600, it goes directly into Sally’s account.
Jane reports her card stolen, so that “accidental” transfer of money to your account is canceled. You never got the $600, but you’re out $600 because you Venmoed Sally.

[Anonymous]

I accidentally sent a large amount of money ($1500) to the wrong person on Venmo. Venmo TOLD me to just request it back. I did. They sent it back. No issues.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

No, you are out the money.

Sally steal’s Jane’s credit card. Sally links it to her Venmo and “accidentally” sends you $600 from Jane’s card.
Sally asks you to send her $600 back because it was a mistake.
In the meantime, Sally links her own credit card to her Venmo.
When you send her $600, it goes directly into Sally’s account.
Jane reports her card stolen, so that “accidental” transfer of money to your account is canceled. You never got the $600, but you’re out $600 because you Venmoed Sally.

That's not how Venmo works.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

No, you are out the money.

Sally steal’s Jane’s credit card. Sally links it to her Venmo and “accidentally” sends you $600 from Jane’s card.
Sally asks you to send her $600 back because it was a mistake.
In the meantime, Sally links her own credit card to her Venmo.
When you send her $600, it goes directly into Sally’s account.
Jane reports her card stolen, so that “accidental” transfer of money to your account is canceled. You never got the $600, but you’re out $600 because you Venmoed Sally.

That's not how Venmo works.

It is how the scam works: https://fraudpreventionunit.org/2021/07/21/watch-out-for-this-venmo-scam/

[Anonymous]

I don't use Venmo, so this might be a dumb question, but isn't there a notification first that you're about to receive a payment from Jane Doe for $Xxx and do you accept?
If you don't know Jane Doe and aren't expecting a payment then decline.

Wouldn't that be easier?

Sorta like back in the day when your home phone woukd ring and the operator woukd ask if you'd like to accept a collect call from Jane Doe. Accept or decline.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

No, you are out the money.

Sally steal’s Jane’s credit card. Sally links it to her Venmo and “accidentally” sends you $600 from Jane’s card.
Sally asks you to send her $600 back because it was a mistake.
In the meantime, Sally links her own credit card to her Venmo.
When you send her $600, it goes directly into Sally’s account.
Jane reports her card stolen, so that “accidental” transfer of money to your account is canceled. You never got the $600, but you’re out $600 because you Venmoed Sally.

That's not how Venmo works.

It is how the scam works: https://fraudpreventionunit.org/2021/07/21/watch-out-for-this-venmo-scam/

But Venmo isn't going to take the money back from you.

[Anonymous]

Venmo isn't a bank and there is no remedy if you send to the wrong person. I accidentally sent to the wrong person before. I contacted Venmo and they said there was nothing they could do. Fortunately the person I sent the payment to was a friend in real life and just gave it back to me after I reached out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP here. I blocked the person without paying or otherwise communicating. Shortly after, I got an email from Venmo saying the person had cancelled her request for payment. I can't tell if I still have the money she mistakenly sent, but that's her/venmo's problem, not mine.

So how much did they send you?

$125. Not a life changing amount, but not pennies.

[Anonymous]

Anonymous wrote:I don't use Venmo, so this might be a dumb question, but isn't there a notification first that you're about to receive a payment from Jane Doe for $Xxx and do you accept?
If you don't know Jane Doe and aren't expecting a payment then decline.

Wouldn't that be easier?

Sorta like back in the day when your home phone woukd ring and the operator woukd ask if you'd like to accept a collect call from Jane Doe. Accept or decline.

No. Transactions aren't approved by the second person.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

No, you are out the money.

Sally steal’s Jane’s credit card. Sally links it to her Venmo and “accidentally” sends you $600 from Jane’s card.
Sally asks you to send her $600 back because it was a mistake.
In the meantime, Sally links her own credit card to her Venmo.
When you send her $600, it goes directly into Sally’s account.
Jane reports her card stolen, so that “accidental” transfer of money to your account is canceled. You never got the $600, but you’re out $600 because you Venmoed Sally.

That's not how Venmo works.

It is how the scam works: https://fraudpreventionunit.org/2021/07/21/watch-out-for-this-venmo-scam/

But Venmo isn't going to take the money back from you.

The credit card company will do a chargeback. It will either come out of your Venmo balance, or if you have insufficient funds your account will go into the negative and Venmo will suspend it until you produce that money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

No, you are out the money.

Sally steal’s Jane’s credit card. Sally links it to her Venmo and “accidentally” sends you $600 from Jane’s card.
Sally asks you to send her $600 back because it was a mistake.
In the meantime, Sally links her own credit card to her Venmo.
When you send her $600, it goes directly into Sally’s account.
Jane reports her card stolen, so that “accidental” transfer of money to your account is canceled. You never got the $600, but you’re out $600 because you Venmoed Sally.

That's not how Venmo works.

It is how the scam works: https://fraudpreventionunit.org/2021/07/21/watch-out-for-this-venmo-scam/

But Venmo isn't going to take the money back from you.

The credit card company will do a chargeback. It will either come out of your Venmo balance, or if you have insufficient funds your account will go into the negative and Venmo will suspend it until you produce that money.

No.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How does that scam actually work? What's the con?

I think they use a stolen credit card to send you money “by accident”, then delete the card and attach their own bank account info so when you send them money back, it goes into their own account. Then when the person whose card was stolen reports the fraud and the transaction is cancelled, you are out the money that you sent the scammer.

Thanks for this, but I'm still a bit confused. The "you" here would be the person whose credit card was stolen, not the person who received the $600 in their Venmo, right? I'm still not out any money, right?

No, you are out the money.

Sally steal’s Jane’s credit card. Sally links it to her Venmo and “accidentally” sends you $600 from Jane’s card.
Sally asks you to send her $600 back because it was a mistake.
In the meantime, Sally links her own credit card to her Venmo.
When you send her $600, it goes directly into Sally’s account.
Jane reports her card stolen, so that “accidental” transfer of money to your account is canceled. You never got the $600, but you’re out $600 because you Venmoed Sally.

That's not how Venmo works.

It is how the scam works: https://fraudpreventionunit.org/2021/07/21/watch-out-for-this-venmo-scam/

But Venmo isn't going to take the money back from you.

The credit card company will do a chargeback. It will either come out of your Venmo balance, or if you have insufficient funds your account will go into the negative and Venmo will suspend it until you produce that money.

No.

You can easily Google it 👍