If you already have a PayPal account without using a credit or debit card , you may have heard of the Venmo service before. A system managed by PayPal that allows you to make all kinds of payments in a more comfortable and simple way.
For example, if you go out to share with your friends and they run out of funds to pay, you can use Venmo to transfer you later without any problem. These loans are very common today and as soon as you create your Venmo account , you will be able to realize it.
But what happens if you accidentally used this system and sent a payment in the wrong way ? You have nothing to worry about because in this article we will teach you how to cancel these payments quickly.
Index( )
- What do I need to do to cancel the sending of a wrong payment on Venmo?
- Send a message to the user ‘Requesting the return of the money’
- Contact ‘Venmo’ directly for help
- How to cancel a payment for a new user on ‘Venmo’?
- How to increase the security in my ‘Venmo’ account to avoid financial losses?
- Use prepaid credit cards
- secure the account
What do I need to do to cancel the sending of a wrong payment on Venmo?
Certainly, when selling items through the Facebook Marketplace or buying online from stores worldwide, there can be payment mishaps .
In the case of transfers on Venmo , it is very common that users can make mistakes and send incorrect amounts. It is also possible to mis-choose the name of the recipient who will receive the funds. However, there are two viable solutions that will help you get out of this problem right away.
Send a message to the user ‘Requesting the return of the money’
The first thing you can do to recover money that was sent incorrectly is to contact the person who received the payment . Keep in mind that the amount sent will immediately appear in the recipient’s account. Then there will be nothing you can do to cancel the payment on your own.
Therefore, you will have to send a charge with the same amount but this time, writing the reason why this inconvenience occurred. Only then, the person will be able to return the money if he reconsiders and wants to avoid inconveniences with the Venmo platform. Don’t forget, when you need to, you can delete your PayPal account if you want to stop making online payments.
Contact ‘Venmo’ directly for help
On many occasions, there are users who are not aware and honest, keeping the payments they receive by accident . So if you’ve already sent a message to contact the person and don’t get a response, you have no choice but to contact Venmo directly.
When doing this, you need to have the name of the person you sent the money to, the payment details, and the net amount at hand . Soon, the operators will start doing everything possible to recover your funds. But you should know that in some cases, it is not possible to force the user to return the money.
How to cancel a payment for a new user on ‘Venmo’?
Keep in mind that if the amount you sent in the wrong way to a user who is not registered with Venmo or is new, you can select the option that says ‘Incomplete and Payments’ from the menu. This in order to display the money you just sent.
Within the same box, you will see other relevant data such as your email address or contact number. Later, just click ‘Withdraw’ and the request will be canceled and everything will return to normal once you reopen your Venmo account.
How to increase the security in my ‘Venmo’ account to avoid financial losses?
There is nothing better than using preventive methods so that these types of uncomfortable situations do not arise. Since, despite the fact that PayPal is characterized by being a fairly secure platform, it is not exempt from the risk of fraud.
With that being said, there are two things you can do to increase the security of your Venmo account and in this section we will tell you all about it in more detail.
Use prepaid credit cards
If you do not want to be a victim of money laundering in your account, you can appeal to use prepaid cards that make you feel more secure . The most recommended thing is that these cards are recharged with a sufficient amount of money to cover your expenses. But at the same time, it is not so excessive.
By doing this, you will be aware that if there are risks with your money, you will only lose the amount supplied and not all the funds entirely. In addition, these people will not have the slightest opportunity to indebt you if you do not allow them to apply this method.
secure the account
Similarly, it is very important that you protect your account to prevent your data from being hacked or the money stored in your Venmo account stolen.
To do this, the best thing you can do is create passwords that are extremely secure but easy to remember. Of course, do not go to combine it with the mobile PIN because this is a key factor for thieves to take advantage of you.
