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Yes, this is maddening. I had a Craigslister who would only pay for a transaction via Venmo. (She was willing to make the transaction in my presence and wait
by JadeNB 9y ago
Yes, this is maddening. I had a Craigslister who would only pay for a transaction via Venmo. (She was willing to make the transaction in my presence and wait for it to confirm; it wasn't a scam on her part.) With great reluctance (I needed the transaction at the time), I changed my bank password to something else, signed up for Venmo, got the money, de-enrolled from Venmo, and changed my bank password back.
I think that they used to have some FAQ entry explaining why worrying about this is silly and nothing bad could happen, but I can't find it any more (probably because it's nonsense). However, just because they should be shamed for this whenever possible, here's a Slate article on their overall security: http://www.slate.com/articles/technology/safety_net/2015/02/venmo_security_it_s_not_as_strong_as_the_company_wants_you_to_think.html http://www.slate.com/articles/technology/safety_net/2015/02/... .