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Venmo users wonder how safe the app is

Posted: 6:09 PM, May 10, 2018
Updated: 2018-05-10 22:15:09Z
Venmo users wonder how safe the app is

Some Venmo users describe the app as cryptic, convenient, and freaky. It's an easy way to send and receive money, but it does come with some risk, according to internet security experts at infostream.

Depending on your privacy settings, you could be sharing personal information for the world to see, all by sending someone money.

From millennials to moms, it seems these days, very few of us carry cash.  So how do you pay someone back? Maybe you Venmo it.

Privacy can come at a cost, experts warn. If you aren't well-versed in how to set your privacy levels, it can range from no one to just your friends to the whole world when it comes to who can see your transactions, what you paid for and to whom. Also, who paid you and why.

"I don't follow these people. It just shows up on my profile. I don't know any of these people, and I'm seeing where they were like 20 seconds ago," said Sophie Howell, a Venmo user.

Internet security experts recommend choosing the strictest setting, where only you, the user, can see the transaction