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Cash App Money Fraud Exposed in the USA

This scam targets payment apps like Venmo and Cash App that can drain your bank account

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Several Cash App users have voiced their concerns in the way they’ve lost their precious money while using the app CashApp/Square Cash money transfer App in the USA while sending or receiving money.

The App almost similar with the Mpesa App used in East and Central Africa, makes it easier for sending and receiving money in the US and has become a household name to many people as its very convenient and reliable.

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Image: The Venmo App Emerging Payment Processing And Social Media

Image: The Venmo App Emerging Payment Processing And Social Media

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But of late vey many disappointed Customers are raising concerns and voicing their concerns because they’ve lost money in the process and when they are trying to recover it their accounts are either blocked, suspended or closed without a Telephone number to reach the customer care center to air their complaints.

“Because money can be transferred so quickly into someone else’s bank account, these P2P platforms are the perfect payment mechanism for scammers,” said John Breyault at Fraud.org (a project of the National Consumers League). “All you need to get the money is a cellphone number or email address. That’s why it’s so important for people to be really careful when they’re using these apps.”

The only way to air their complaints is through an email address which takes too long to get a reply from the App owners.

It’s becoming a nightmare to get concrete information from the App owners because they are not reachable and the concerned App Users want the Federal Government to institute an independent investigation to the activities of the owners of the App.

Don’t leaving without spreading the message fraud can only be stopped by you raising the awareness

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