Identified Scam:

Red Flags of Fake Venmo Email Scams Promising A Lot of Money

Venmo users are noticing suspicious emails hitting their inboxes with claims of a large sum of money waiting to be transferred by a PayPal user.


Nicolle Monico
Updated 8 October 2021
Red Flags of Fake Venmo Email Scams Promising A Lot of Money
Share to
Identified Scam:

Key Finding

Fake Venmo emails are being sent tricking you into thinking there is a large sum of money waiting for you.


Key Risk

You risk losing your money and having your identity stolen.

Sections on this page
  1. What is the Venmo Email Scam?
  2. Red Flags of the Venmo Email Scam
  3. How to Beat the Venmo Email Scam
  4. Have You Fallen for the Venmo Email Scam?
  5. Frequently Asked Questions

Scammers are using a new Venmo email scam to trick users into accepting a pending payment by convincing them to take extra steps to secure the transfer. Users have noticed emails sent from "Venmo" alerting them of a large sum of money waiting to be deposited into their account. In order to safely add the money into their bank accounts, they are asked to ship out a package via next-day delivery. 

Venmo Payment Confirmation Emails Are a Scam

Venmo only sends correspondence from a @venmo.com email address and never asks you to take extra steps to accept a payment.

What is the Venmo Email Scam?

The goal of the Venmo email scam is to get you to click on the customer service email provided in the correspondence. Once you email the bogus account, scammers will attempt to get you to transfer money into their account, or they'll threaten to share your personal information. Here's how the scam works.

You Receive a Fake Email from Venmo

Venmo email scam
Example of Venmo email scam message. (Source: ScamAdviser)

You'll receive an email from "Venmo," which will feature its logo before the message, and the "From" field will show Venmo as the sender. If you don't click into the name field or hover over it to see who the actual email address is from, you may not notice the fake account.

The body of the email states:

Dear [name]

 We hereby inform you that the sum of $900.00 USD has been paid to your Venmo account by (@Anthony) using PayPal method.

In our efforts to protect all merchant transactions, We have now received payments for your item from our secure server. This is to ensure that the seller and buyer do their responsibility in every transaction we handle,this Venmo User Protection Policy methods have been taken due to fraudulent sellers. You are now required to ship out the (Package) via next day delivery and forward the shipment reference number and receipt to us for verification. Your account will be credited immediately after the shipment number has been confirmed.

 If you have any issues, please email us at [email protected] or [email protected] and our customer service will attend to you. Help us to serve you better.

Thank you for using Venmo!

The Venmo Team

You Are Asked to Ship a Package

Within the body of the email, you'll be notified that you are being sent a payment via PayPal, and for your protection, there are steps required to transfer it into your account securely.

Citing a fake "Venmo User Protection Policy," the email goes on to say that this policy is in place to keep you safe from fraudulent sellers. Of course, there is no mention of what package you are supposed to send and any info regarding the physical address—ensuring you'll need to email support for more information.

The Scammer Threatens to Release Your Information

The email message is purposefully confusing and vague. If you happen to email them asking for further clarification on the package, where to ship it, and how to get your money, the scammers will then use psychological manipulation techniques to get you to transfer money into their account(s).

Red Flags of the Venmo Email Scam

There are several red flags to be aware of for this Venmo email scam that can save you from getting your personal information stolen. 

Venmo email scam
Fake email posing as a message from Venmo. (Source: Scamadviser)

1. The Sender's Email Address

One of the first red flags of this Venmo email scam is found in the "From" or "Name" field. When you initially receive the email, you'll see the sender's name, which will likely say something like Venmo or Venmo Support.

When you open up the email, the address field should show up next to the name. Per Venmo, any correspondence coming from them will end with @venmo.com, and its customer service email address is [email protected].

Contact Details

Venmo


Phone: (855) 812-4430
Website: https://venmo.com/

Verified.org

Verified Contact Details

It's important to verify links and contact details to beat imposters.

2. Poor Grammar and Spelling Mistakes

Once you get into the body of the message, you'll notice a number of grammatical errors, which isn't uncommon with these types of email scams. For example, in the second paragraph, you'll see:

 "In our efforts to protect all merchant transactions, We have now received payments for your item from our secure server. This is to ensure that the seller and buyer do their responsibility in every transaction we handle,this Venmo User Protection Policy methods have been taken due to fraudulent sellers."

The "W" in "we" is capitalized in the middle of a sentence, and there is a space missing after "handle," before the next part of the sentence. Throughout the email, minor errors and inconsistencies such as these are good ways to tell that a message may be a scam.

3. The Customer Service Email Address

At the bottom of the email, you'll have the option of choosing one of two provided customer service support emails. One ends in @email.com, while the other is @email.cz. Remember, any email coming from Venmo will end in @venmo.com.

Parts of an email address
Parts of an email address. (Source: YourDictionary.com)

Regardless of where they come from, all emails will follow a simple format: username, at symbol (@), mail server, and the domain. If you drop the last part of the address into your internet browser, it should bring up the website in question to verify that it is a real server. Email.com is not a found website.

While email.cz is a real email server, it is commonly used for personal account creation and isn't used by established companies such as Venmo.

How to Beat the Venmo Email Scam

These types of email scams are not new and will likely continue to exist for years to come. However, with the proper knowledge, it can become easier to identify when they are phishing emails.

To protect yourself against Venmo email scams, there are a few steps you can take to safeguard your personal information:

  1. Do NOT click any links or attachments within the email.
  2. Do NOT reply to the sender or write an email to one of the provided email addresses.
  3. Block the sender. You can do this by going into your email settings and adding the address to your blocked email list. All servers are unique, so it's best to Google the step-by-step instructions on how to do so with your specific mail server if you're unsure of where to start.
  4. Contact Venmo directly to report this scam. You can do so by filling out its online form or emailing [email protected].

Have You Fallen for the Venmo Email Scam?

Whether you emailed the provided support email addresses or not, there are several steps you can take to protect yourself and your identity in the future.

Report the Incident to the Authorities

You'll want to report the scam to the authorities as quickly as possible. The Anti-Phishing Working Group and Federal Trade Commission (FTC) offer two ways to report such scams. First, forward the email to the Anti-Phishing Working Group at [email protected].

Next, go to ReportFraud.ftc.gov and report it to the FTC. Once you've filled out the required information, you'll also get helpful tips on avoiding similar scams in the future.

Contact the FTC's Identity Theft Division

If you accidentally emailed the sender and think the scammer may have your personal information such as credit card or bank account numbers or your Social Security number (SSN), go to IdentityTheft.gov. You'll follow a list of steps based on what information you lost to keep your identity safe.

Secure Your Devices

While the initial email may not contain a download link or attachment, once you've started communicating with the scammers, they may convince you to download harmful software. If you think you clicked on a link or opened an unsafe attachment, update your computer's security software and run a scan to clean up your device.

The easiest way to understand how to do so for your specific device is to go to the developer's website. They'll provide you with ways to update your:

  • Security software such as antivirus or firewall programs.
  • Operating systems such as Apple OS, Chrome, or Windows.
  • Apps such as Venmo, since developers often provide updates for bugs or new features.

You may even be able to sign-up for email updates and get notifications on when to review your systems. Or choose the auto-update option for your programs and systems so that you never miss an update.

Update Your Password

After you've run security updates and secured your devices, it can be helpful to take extra precautions and update your account passwords. This could mean updating your email, bank accounts, banking apps, or social media account passwords.

You'll need to create a strong password which typically means a 12-character minimum. It's recommended that you use a combination of phrases, upper- and lowercase letters, numbers, and symbols while avoiding common words or phrases. Check out this password checklist provided by the FTC to help create a new one and use a password manager to help you remember your logins.

Frequently Asked Questions

Does Venmo send confirmations of payments?

Yes, Venmo sends emails each time a payment is sent or received. It will always come from an @venmo.com email address and will never require additional steps to secure the money. 

What is Venmo's email address for support?

Venmo's customer service support email address is [email protected]. There is also an option within the app or online to fill out a form to submit a request to customer service.

Does Venmo send emails?

Yes, Venmo sends emails to users notifying them of their transaction history, sent and received payments, company updates, promotions and marketing collateral.  All emails from Venmo will end in @venmo.com. 

Can I opt out of Venmo emails?

Yes and no. You can go into your app under Settings > Notifications > Email Notifications and manually choose which emails you wish to receive. The only email you cannot unsubscribe from is your transaction history report. Venmo is required by federal financial regulations to send these notices regularly. 

Comments