Applications like Venmo are called peer-to-peer payment apps, which help you make transactions.
Transactions to friends, families, or foes (Just kidding!) and at point of sale too. Online or offline, these apps get the job done.
After the widespread acceptance of money through these apps, the circulation of paper money has reduced.
But what to do if you do not possess a Venmo account, but get a notification that you have received money on Venmo? Scroll down to know what to do in this situation.
Someone sent you money on Venmo, but you don’t have an account: What to do?
Short Answer: If someone sends you money on Venmo, but you don’t have an account, the payment will be pending until the recipient creates an account and verifies their email address or phone number
Also, It could be a scam. Or it was probably a mistake on the sender’s part.
When you get a notification that you have been sent some money through Venmo. But you do not have an account.
Let me explain what happens in this situation.
The payment will be shown as pending to the sender. Until you create an account and verify your contact information, you will not be able to accept the money.
- The sender has 30 days to cancel the payment before it is automatically deposited into your Venmo account. If you create a Venmo account within those 30 days, you can claim the money.
- If you do not create a Venmo account within 30 days, the money will be returned to the sender.
So, if you do not have an account, you are not the one who needs to worry. The sender might contact you and ask you to create an account to accept that money and ask you to send it back. But it might turn out to be a scam.
So, if you doubt the intentions of the sender, you need to contact Venmo’s Customer support right away.
Be sure to check the mail address of the Venmo notification informing you about the payment.
If it is not in the format of the name.lastname@venmo, then the mail you have received is fraud.
It is better not to interact or respond to them. Just move the mail to the trash.
Final Words
If you do not have an account, but you got a notification from Venmo saying that someone sent you a payment, it might be a mistake.
Most of the time, it is the beginning of a scam. Checking the mail format or for any spelling mistakes (unlike Venmo, scammers generally do not have a tool like Grammarly on their side) might reveal if the mail is true or fraudulent.
If the mail is really from Venmo, contact them and ask them to reverse the payment. Because you do not have a Venmo account. And you do not have the intention of creating one.
Disclaimer: This is not professional financial advice. This piece of content is just for informational purpose. You may contact Venmo support for further clarification.
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