International Fraud Awareness Week: Using Cash-Transfer Apps

Nov 21, 2019, 22:12 PM

There are multiple Cash-Transfer Apps, such as CashApp, Venmo, Zelle, FBPay, that allow you to transfer funds from your bank account, to another person’s account that is using the same app/service. Many scammers are making bogus listings on websites such as:

  • Craigslist
  • Facebook Marketplace
  • NextDoor
  • Instagram
  • Etsy
  • etc.

Are requesting payment via one of these scam Cash-Transfer Apps.

International Fraud Awareness Week: Scam Using Cash-Transfer Apps

If a Metro Credit Union member falls for these scams, sends payment via a scam Cash-Transfer Apps, and then doesn’t get their product, we have no ability to get their money back for them. This is because we cannot hold CashApp, Venmo, etc. liable for non-receipt of goods. The only service cash-transfer apps provide is moving cash from one account to another.

Never use Service to Purchase Products

Members should only use these cash-transfer services to send money to people they know and/or trust, because Metro has no way to dispute these transactions, if they were initiated by our member. They should never use these services to purchase products or services, unless these exchanges are being made in person. Examples would be purchasing merchandise from a band at a concert, or purchasing items while at a trade/craft show. If information is used through the Mobile Wallet, you can make purchases, pay and manage your money whenever and however you need it. Some even allow you to use your Metro Credit Union card as your default to easily make payments. Learn more about how to turn your SmartPhone into your wallet.

Metro Credit Union Omaha Mobile Wallet

A mobile wallet allows you to make purchases with your smartphone, tablet or smartwatch without having to carry around your physical plastic cards. This convenient access helps you shop, pay and manage your money whenever and however you need it. There are many mobile wallets to choose from. When you’re comparing features, be sure to check which mobile device is required and which merchants accept the wallet. Some even allow you to use your Metro Credit Union card as your default to easily make payments.

  • Android Pay is available for smartphones and tablets with Android 4.4 KitKat and above. Android Pay can be used at hundreds of thousands of stores. Learn more about Android Pay.
  • Apple Pay assigns a unique account number with a transaction-specific security code each time you make a purchase. Numbers are never stored on Apple servers or shared with merchants, so your card number and identity remain secure. Learn more about Apple Pay.
  • Samsung Pay is simple to use with the latest Samsung Galaxy devices. Whether you’re at the local convenience store, the neighborhood florist, or your favorite boutique — you’re good to go. Learn more about Samsung Pay.

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