Common Scams on Venmo

We want your experience on Venmo to be as fun and effortless as possible. Here’s some information to help you avoid common scams. Remember: Outside of paying in a mobile app or website, Venmo is designed for payments between friends and people who trust each other. 

In short: 

1. Be careful. Don’t use Venmo to join a pyramid, cash wheel, money circle or other get rich quick scams 
2. Don’t use Venmo to sell anything to strangers
3. Don’t use Venmo to buy anything from anyone you don’t know and trust

Scams offering to increase your money

• A scammer might ask you to send them a small amount of money in order to receive a large amount in return. (For example: “Send me $100, and in a week you’ll get $1,000”)
• This might be a stranger, but it also might be someone you know
• This type of scam goes by a few different names: money circle, cash wheel, pyramid scheme
• The scammer collects your money but never pays you back

How to avoid this scam: Know whom you’re dealing with. If it seems too good to be true, it probably is.

Scams when you’re selling something to a stranger

• If you’re trying to sell something using Venmo, a scammer may ask to provide the item or service without actually paying you legitimate funds
• A scammer may send screenshots of fake emails that make it seem like they’ve paid you on Venmo when they haven’t actually made a payment
• Another common tactic is telling you they’ve sent you a payment that will only reach your Venmo account when you ship the item and upload the shipping information. But this is fake, and it’s not a feature Venmo provides
• A scammer may pay you using stolen credit cards or bank information. If the actual owner of the payment method reports unauthorized activity, the money could be removed from your Venmo account

How to avoid this scam: Don’t use Venmo to sell anything to strangers. If someone has paid you on Venmo, you should see the funds available in your Venmo account without any delay. But remember, payments made from stolen payment methods could be removed from your Venmo account even after they’ve been made available to you.

Scams when you’re buying something from a stranger

• If you’re trying to buy something using Venmo, a scammer may try and persuade you to pay them first (the full or partial amount) and then not provide what they promised you
• This is especially common with items that are rare, popular, and hard to find (like gaming consoles, shoes, concert tickets, mobile devices, and more)
• A scammer may give you fake shipping information or screenshots to convince you they’ve sent the item when they actually haven’t

How to avoid this scam: Don’t use Venmo to buy anything from anyone you don’t know and trust.

Examples of other situations that could potentially be scams

• New online employer/job offer wants you to send money on Venmo to pay for supplies or onboarding expenses
• New landlord wants you to pay a rent deposit for a property without them providing appropriate paperwork, keys, etc.

For more information about security on Venmo, visit our Security page. For more information about the Venmo card, using Venmo to pay on the web or in apps, and using Venmo to pay for goods and services when directly given the option to do so by Venmo, visit this article.