Digital Wallet Apps: Scam Alert

SCAM ALERT: 

Be wary of a new scam going around using money transfer services like Venmo. In the scam money mysteriously appears in your Venmo account, sent by a scammer using a stolen credit card. They then send a message saying it was sent by mistake and asks for it to be refunded.  Don't do it!  If you refund the money before Venmo reverses the transaction you're responsible for the funds.  

To protect yourself from these types of scams while using a digital wallet or money transfer app follow these Better Business Bureau tips:

• Only send money to people you personally know.
• If someone sends you money by mistake, ask them to cancel the transaction. If they do not, then contact the vendor.
• Make sure your account settings are secure. Turn on as multi-factor authentication, require a PIN, or use fingerprint or face recognition.
• Link your money transfer app to a credit card.

THINK BEFORE YOU CLICK!