When people started trying to pressure me to use Venmo, my research at the time led me to the conclusion that it offers no guarantee of fraud protection either.

When people started trying to pressure me to use Venmo, my research at the time led me to the conclusion that it offers no guarantee of fraud protection either. Just like PayPal before it, it's not a bank and doesn't have to follow any of the rules. How it's legal to operate in such a fashion is beyond my ability to understand, but that's my understanding of the situation.