Cindy Baker thought she understood how to use Venmo. She didn’t. Her confusion about the money transfer app led her to send $1,300 from her bank account directly to a virtual stranger. And that person refuses to return it.
Now she is asking the Elliott Advocacy team for help.
Baker’s expensive lesson on how to use Venmo safely is one that anyone considering using a money transfer app should read. Although Venmo is a convenient way to send funds to friends and family, there are dangers involved. That is to say; the system is much like a wire transfer — once you hit send, your cash is gone. And retrieving it can be impossible. (Reprint) “Here’s how to quickly lose $1,300 to a stranger on Venmo!”