SCAMMERS use money transfer apps like Venmo Cash App and Zelle because they offer easy access to money.
Venmo, Cash App, and Zelle make it easier than ever to send money to friends or family in seconds, but they also make it just as easy for the money to end up in the hands of a scammer.
The scam was brought to light by the Federal Trade Commission’s consumer advisory service in a warning about how to avoid it.
These money transfer apps can be useful for many reasons, but it’s important to be careful about who you actually send the money to.
The scammers hope to catch you when you least expect it.
They will usually try to trick you by making you either very excited or worried.
Scammers will try to create excitement and trick you into not thinking clearly by telling you that you have won a prize.
This may be because they are telling you that you have won a prize and all you have to do to receive it is send them some money.
But once you transfer the money, it’s most likely gone forever.
This is because it is difficult to get money back after sending it to someone through a money transfer app.
The scammer will also try to scam you by pretending to be a loved one who is in trouble.
They will insist that you must send them money immediately to help them.
Another scam involves someone insisting that you can only pay with a gift card, cryptocurrency, payment app, or wire transfer service like Western Union or MoneyGram.