Reply to Paid wrong person on Venmo

Forum Index » Money and Finances

Reply to "Paid wrong person on Venmo"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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.[/quote]

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[/quote]

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.  [/quote]

Zelle wasn’t helpful in the cases cited, even when the Zelle account was hacked (vs. people sending money to fraudsters). But the point is that, once the money is gone from your bank account, it’s next to impossible to get it back. It’s the same reason that paying with a credit card is safer than a check. If you’ve charged the amount to a credit card, you can contest the charge. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics