Paid wrong person on Venmo

[Anonymous]

Anonymous wrote:

Anonymous wrote:I did the same thing about a month ago, but only $300. I realized it right away, contacted Venmo and sent a note to the recipient (someone whose FB page suggested he probably had no interest in returning anyone's money). I figured I was just out of luck, but Venmo actually reimbursed it (with lots of caveats about it being a one-time courtesy, etc). Hope the same can happen for you, though maybe the value is too high in your situation

OP here - they reimbursed us, too! We're shocked. And we also got the "one time only" warning. lol! We've learned our lesson.

Great update!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe I'm the odd one but I mostly deal with strangers on Venmo. People I'm buying/selling things with or a quick cash exchange for tickets to kid event, a random end of season coach gift with a team mom I barely know, etc. Most of my dealings are not with contacts so I can see how this would happen.

Same but the dollar amounts are like $20. Basically the amount of money I would stuff in my kids backpack.

What was $3000 that took Venmo and was such a rush??

OP here. Deck repairs and refinishing. I'm just flabbergasted that this happened. It is a shocking mistake. An Uncle Billy/It's a Wonderful Life kind of mistake. But not so endearing. And it really wasn't a rush. The very kind, very talented guy who did our deck said a check was fine. Husband thought it would be nice to pay him quick because he did such a great job instead of making him wait for a check.

OP -- maybe the person was praying for $3K and your husband was always meant to be the person to deliver it. Sometimes the universe works in strange ways. I just sent someone in my family $3K because they needed it for something important. That could make a difference for someone.

I get it, but your DH sounds like a great guy. Move on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I did the same thing about a month ago, but only $300. I realized it right away, contacted Venmo and sent a note to the recipient (someone whose FB page suggested he probably had no interest in returning anyone's money). I figured I was just out of luck, but Venmo actually reimbursed it (with lots of caveats about it being a one-time courtesy, etc). Hope the same can happen for you, though maybe the value is too high in your situation

OP here - they reimbursed us, too! We're shocked. And we also got the "one time only" warning. lol! We've learned our lesson.

Next time when you are sending a large amount send over a test DOLLAR first and confirm they received it and then send the rest

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't like Venmo for many reasons, I only use Zelle. I guess maybe this could happen on Zelle too but I kind of doubt it. I think the process is a little more foolproof.

Zelle has had its issues. I’m not an expert on this, but giving my bank info to these apps seemed like a bad idea from the beginning. It seems safer to link these apps to credit cards instead of your bank account. I think the credit card adds an additional layer of protection.

https://www.nytimes.com/2022/03/06/business/payments-fraud-zelle-banks.html

Your link discusses scams. The OP's issue is not about a scam, it's about user error. I exclusively use Zelle because it's a direct bank to bank transfer. Zelle will refund your money if you catch the error soon after it was made.

Zelle is a pita, imo.

We have a renter who insists on using Zelle. We get $4,200 in 6 payments of $700 each over the space of 5 or 6 days because his bank limits his transaction amount to $700 per day despite the fact that he's been a renter for 5 years and payed via Zell for at least 4 or 5. I am sooooooooo over Zelle. Every month there is some sort of problem, too, that we have to clarify with the banks. Nope.

Hate Zelle.

I believe it's his bank, not zelle, that places the daily limit. My tenants paid > $2100 and it went through fine each month.

Good to know and what I've suspected; however, after 5 years they need to let the transaction through. I wish he would just pay through Venmo. It would make my life so much easier!!!

Gosh, how landlords suffer. Tragic.

Is your tenant a bad tenant? Is the total payment late because it arrives in subsets? If there were a problem with Venmo -- if your tenant paid the wrong person by accident and Venmo wouldn't refund -- would you write off that month's rent?

The system of checks to make sure the right amount of money is going to the right account slows things down. Speed is risky.

I have siblings who won't use PayPal, and none of them will use Venmo. I understand why certain technologies make things easier. But I also understand that not everyone has the same risk tolerance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I did the same thing about a month ago, but only $300. I realized it right away, contacted Venmo and sent a note to the recipient (someone whose FB page suggested he probably had no interest in returning anyone's money). I figured I was just out of luck, but Venmo actually reimbursed it (with lots of caveats about it being a one-time courtesy, etc). Hope the same can happen for you, though maybe the value is too high in your situation

OP here - they reimbursed us, too! We're shocked. And we also got the "one time only" warning. lol! We've learned our lesson.

Next time when you are sending a large amount send over a test DOLLAR first and confirm they received it and then send the rest

This! Even when I send money to family, I do this if the amount exceeds a couple of hundred bucks and if I haven't sent them money in the recent past.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I did the same thing about a month ago, but only $300. I realized it right away, contacted Venmo and sent a note to the recipient (someone whose FB page suggested he probably had no interest in returning anyone's money). I figured I was just out of luck, but Venmo actually reimbursed it (with lots of caveats about it being a one-time courtesy, etc). Hope the same can happen for you, though maybe the value is too high in your situation

OP here - they reimbursed us, too! We're shocked. And we also got the "one time only" warning. lol! We've learned our lesson.

Next time when you are sending a large amount send over a test DOLLAR first and confirm they received it and then send the rest

This! Even when I send money to family, I do this if the amount exceeds a couple of hundred bucks and if I haven't sent them money in the recent past.

Yup. I have an Airbnb where I often do transactions off the platform (returning guests) and I ALWAYS have them do a test payment first to make sure that connection is confirmed before they send over the full payment

[Anonymous]

I did this once. I paid the wrong recipient $40 for school PTO stuff. I spelled the last name with an extra n at the end. I messaged the inadvertently incorrect recipient and she sent back the $40! She has some great karma coming to her.

[Anonymous]

I had this happen one time and Venmo reversed it for me but indicated it was a ONE time fix. Contact customer support.