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. Users are able to send payments back and forth between friends and family, making tasks like splitting rent or a restaurant check easier than ever.
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However, they also expose you to risks if you decide to send money to an unknown user.