A Cash App Con That Could Wipe Out Your Bank Account

KRON4 ^ | Sep 17, 2020 | Kerri O'Brien

[Laslo Fripp]

What’s your opinion of Pay Pal? I use it and Venmo, both linked to a great credit card.

No problems so far.

[Track9]

Did a Nigerian prince translate this article?

[nickcarraway]

I've never had a problem with PayPal, but I've heard of problems.

If they ask you to pick the option it's a fried transaction, instead of a business transaction, don't do it. They claim it is so they don't have to pay a fee, but it leaves you unable to get your money back.

I know someone who lost $1000 as a deposit, trying to rent a property. They never got the money back.

[nickcarraway]

His valet.

[Track9]

I cant wait to call the phone number. Maybe i’ll get a DNC hack on her lunch hour.

[Laslo Fripp]

Thanks. I guess two cash apps are enough.

[Artemis Webb]

I’ve used PayPal for years, possibly thousands of times. I’ve never had a problem or glitch.

[SPDSHDW]

Paypal loves to hold my credit cards. I do manual entry because I get high cash virtual credit cards to pay for getting impounded cars out. Paypal loves to hold those 2-3k charges for a month before releasing them. Using their card reader, no issues. but due to the above, I am back to using Square, which has been zero fuss the entire time we’ve ran it. Venmo I’ve used sparingly, but no issues there. My sister and I send cash through Zelle quite often, and yet to see issues there either.

[Laslo Fripp]

I’ve used Venmo for years. The only reason I signed up with Pay Pal is that it’s the only cash app for FReepathons.

[TheZMan]

PayPal is IMO the most hacked platform there has ever been. Avoid it like the plague.

[daniel1212]

He began to panic. However, there was no phone number to call Cash App doesn’t have live customer support, so Harrison sent an email.

This is what PayPal was reduced to in the Spring Covid shutdown. No live chat and phone was useless. I suppose it is improved now.

[wally_bert]

Same here.

Do most of my charitable giving via that platform.

[from occupied ga]

the BBB etc,

The BBB is a waste of oxygen.

[EEGator]

Elon Musk’s first company.

[eyeamok]

Making electronic transactions is always a gamble, which is why I view electronic transactions the same way I view pregnancy and syphilis. Abstinence works every time it is tried.

[zeestephen]

Question to anyone...

Compared to a credit card or a standard checking account and debit card, what exactly is the advantage of using a money transfer app?

I will guess lower fees and/or electronic financial access for people who have credit or banking issues?

Thanks for clearing this up!

[logi_cal869]

“No problems so far.”

---

That’s what all victims say before the hammer drops.

Anyone chooses high risk by using their mobile device for banking attached to a primary account(s) and high-limit card(s) deserve what they get, as that ‘online banking 101’ advice is readily available to anyone willing to see & heed it.

Personally, I use NO MOBILE APPS WHATSOEVER and reserve any online banking solely for emergency purposes only...which have yet to materialize.

As such, my risk is zero.

[GOPJ]

I noticed the mistakes too... often a tip-off of a scam.

[Ozark Tom]

X.com online bank was Musk’s company. Merged with Peter Thiel’s Confinity Inc. which sported the easy payment system. Merged company renamed as PayPal.

Musk served as CEO for less than a year. Fought a pitched battle with other board members, got removed as CEO while on vacation. The largest stakeholder, he cashed out his holdings when eBay bought the company.