But think of it this way: A little extra effort now can save you a major financial headache down the road-and keep your money where it belongs. Taking steps to protect your accounts might make money-sharing apps less streamlined. Just wipe off all the data, install the latest operating system and updated payment apps, and use that whenever you want to send money. "The couple of hundred bucks another device might cost seems like a worthwhile trade-off for the protection."ĭon't want to spend the money on a new device just for payments? Bring one of your old phones out of retirement. "If you're not running other software, playing games and going to lots of websites, you're less likely to get malware that can steal your info," he explained. However, the 3 Venmo fees for credit card payments are not waived. Consider using a separate smartphone exclusively for payments and online shopping, says Glassberg. Sending money with Venmo comes with a 3 fee, but the company waives that expense if the transaction is funded with your Venmo balance, bank account, or debit card. If you've ever experienced the headache of a hacked account, you might be looking for extra ways to boost your security. More than 60 million people use the Venmo app for fast, safe, social payments. 08 of 08 Consider Using a Dedicated Payment Device Venmo is a digital wallet that makes money easier for everyone from students.
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