Report: #1506187

Complaint Review: Venmo -

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Ripoff Report is Xcentric Ventures

Submitted: Thu, March 18, 2021
Updated: Wed, July 28, 2021
Reported By: The Guardian — SAN FRANCISCO CA United States

Author Confirmed

Why?

Venmo United States

Phone:
Web: www.venmo.com
Category: Breach of Contract for Services As per Contract (Non Payment), No payment

Venmo Venmo DOES Reverse Charges

*Consumer Comment: PayPal Settles FTC Charges that Venmo Failed to Disclose Information to Consumers About the Ability to Transfer Funds and Privacy Settings; Violated Gramm-Leach-Bliley Act

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Venmo touts its payee protections! If you get paid its yours NO matter what! That is a LIE! Apartently fraudsters with buyers remorse can whine for their money back and GET IT! Only accept bitcoin or CASH!

Report Attachments:

This report was posted on Ripoff Report on 03/18/2021 03:27 PM and is a permanent record located here: https://www.ripoffreport.com/report/venmo/does-reverse-charges-1506187. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

PayPal Settles FTC Charges that Venmo Failed to Disclose Information to Consumers About the Ability to Transfer Funds and Privacy Settings; Violated Gramm-Leach-Bliley Act

AUTHOR: BRYANNA - (United States)

SUBMITTED: Wednesday, July 28, 2021

POSTED: Wednesday, July 28, 2021

So, sorry to read that you were scammed by VENMO. A similar situation happened to my daughter. Venmo is under a strict Consent Agreement with the FTC wherein they must comply and essentially not break the law.

It appears VENMO is still at it and you may have some recourse in reporting your situation to the FTC and the Consumer Financial Protection Bureau.

Check here and read all the information including the complaint and the FTC's final Consent Order that is located on the FTC's website. Plus information can also be found on VENMO and the Government actions against them through Google searches.

May 24, 2018 "FTC Gives Final Approval to Settlement with PayPal Related to Allegations Involving its Venmo Peer-to-Peer Payment Service"

Hope this information helps you and your situation. Good Luck!

Report Attachments:

FTC vs VENMO 1

FTC vs VENMO 3

FTC vs VENMO 2

FTC vs VENMO 4

FTC vs VENMO 5

FTC vs VENMO 6

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