Tens of millions of people use mobile payment apps like PayPal’s Venmo and Square’s Cash App to transfer money directly from their bank accounts to friends, family and merchants. While these platforms offer convenience, they also bring security risks, due in part to their combination of finance and social media. Users can also be targets for hackers looking to drain financial accounts.
But don’t worry — there are plenty of ways for you to secure your Venmo and Cash App accounts with a few simple settings changes and privacy best practices. Here’s what to do.
Read more:Venmo’s social payments can get you into trouble. But people like them anyway
Both payment apps use encryption and fraud detection technology to protect account information. But to better ensure your security, you should take a few extra steps.
Continue reading Venmo settings to change ASAP: Start by making your transactions private on CNET
Do you have a complaint about PayPal or Venmo, such as locked accounts or funds seized for unspecified Acceptable Use Policy violations? Take your claim to FairShake, the consumer advocacy service.