Venmo is a popular online payment app many have used to make transactions since 2009. With the current rise of social media, we often find ourselves sharing many details with strangers over the net. So is it safe to put your Venmo on social media as well? Read ahead to find out.
Is it safe to put your Venmo social media?
No, it is not safe for you to post any details regarding your Venmo on social media.
Venmo is a payment app that works great when making transactions with friends and family. But it has many drawbacks that strangers might exploit to scam you. So, we strongly advise you not to post your Venmo details on the internet as you might fall prey to identity theft or fraud.
Check, if Venmo is safe to use on the Facebook marketplace.
Can someone hack the Venmo account just from your username?
No, with just a username, your account can not be hacked. But scammers can certainly pose as you to commit other atrocious activities.
What are the risks of using Venmo?
Venmo is relatively safe for anyone to use regularly, but there are certain situations where it can be risky to use Venmo.
- It becomes problematic if the password somehow gets leaked.
- If you lose your phone while still logged in to your Venmo app.
- Striking deals with dishonest sellers or buyers on online marketplaces.
- You are disclosing your Venmo account details to strangers.
With a little more caution, you can easily avoid these risks that come with Venmo.
How to stay safe on Venmo?
- In Venmo, you can easily see which devices are logged into your account by going to the security settings. Remove any devices if you do not recognize them as soon as possible.
- Using a solid and secure password is very important. It would help if you used something difficult to crack by adding lowercase and uppercase letters with a mix of numbers and symbols.
- Utilize extra security measures like two-factor authentication. You can enter a unique code sent to you along with your password before logging in.
- You can also use the pin feature, where you must enter a four-digit pin every time you access the app.
- Finally, the most crucial point is to stop sending payments to strangers. Venmo policies clearly state that the app is solely built for transactions amongst known people and not between strangers.
FAQ
1) Which is better, PayPal or Venmo?
Even though both PayPal and Venmo are online payment services, many consider PayPal far more secure and safe than Venmo for online payments. But for sending money to friends and family Venmo is a better choice.
2) Does Venmo show your real name?
Yes, Venmo shows full names and photos of people, and they only do not showcase the amount of money they transferred.
3) What does red mean on Venmo?
When Venmo completes a transaction, you will be notified of its success. This payment will be red with a minus sign to indicate the transaction’s success.
4) How much money can you Venmo a day?
The daily purchase limit is $3,000.00, and the transaction limit is 30 transactions per day.
Wrapping It Up
It is safe to assume that one should use online payment services like Venmo with more vigilance and awareness. The internet is a vast place where different kinds of people operate, so it is better to take our online security seriously.