How to Stay Safe When Using Payment Apps

  • Truity News, Financial Wellness, Financial Education, Mortgages, Save, Zelle
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Let’s talk about sending money with apps like Zelle, Venmo, Cash App, and PayPal.

These apps are super convenient. Split dinner with friends? Done. Pay your dog walker? Easy. But here’s what we might not always think about once you send money: it’s usually gone for good. These services are designed for sending money to people you know and trust, not strangers.

Fraudsters often trick people into sending money for things that don’t exist, like getting a request for money for the concert tickets. Since Zelle can transfer money quickly there’s usually no way to reverse send.

That’s why it’s important to follow these tips:

  • Only send money to people you know. If you wouldn’t hand that person cash, don’t Zelle them.
  • Pause before paying with these apps. They’re not meant for buying from strangers online.
  • Watch your accounts. Check your statements and track your transactions regularly. If something looks off, report it right away.

Payment apps are super handy, just remember to use them wisely. When in doubt, slow down, double-check, and remember: If it feels off, it probably is.

Stay Safe!