Majority of Venmo, PayPal Users Report Being Scammed

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Majority of Venmo, PayPal Users Report Being Scammed
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In 2024, 83 percent of Americans reported being scammed or targeted.

A majority of Venmo and PayPal app users have reported being scammed, according to new research from Security.org.In 2024, 83 percent of Americans reported being scammed or targeted, which was a significant jump from the 68 percent who said the same in 2023 and 48 percent in 2022.Across the United States, roughly 79 percent of residents use peer-to-peer apps like Paypal, Venmo or Zelle at least once a week.

If you're paying a new person for the first time, send a $1 test payment to confirm the correct person received it. This can prevent you from sending large amounts of money to the wrong person and then never getting it back.And remember, when people reach out about something urgent that requires immediate financial details, you should always be skeptical.'All scams follow the same patterns.

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