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RandomStranger79 t1_ivb3lmy wrote

Don't do anything. Definitely don't send them any money. As soon as you do they'll cancel the initial transaction and hope that you don't cancel the second transaction on yours.

Edit: I was wrong. Still a scam though so be careful!

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probably_art t1_ivbut8r wrote

That’s not how Venmo works at all.

You cannot cancel a transaction. Once it’s sent it’s sent.

the scammer used a fake/fraudulent source for the money they sent you. They want you to launder it and send them your clean $250 back. Then once Venmo determines the first transaction was from a fraudulent source, you’re out the initial $250 and the scammer has your clean $250

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phenry17 OP t1_ivb4r95 wrote

Thanks for the heads up. Appreciate you all who are commenting

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[deleted] t1_ivba6dr wrote

[deleted]

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RandomStranger79 t1_ivbai36 wrote

I run a small business and for this reason we only accept Venmo from clients we trust or for small dollar amounts.

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phenry17 OP t1_ivbbtfc wrote

Heard that. Thanks for sharing, I’m in the same boat.

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[deleted] t1_ivbbram wrote

[deleted]

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unlikely-contender t1_ivbmxey wrote

Why can't the recipient cancel the first transaction instead of having to make a second one to send the money back?

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Neverendingwebinar t1_ivboxet wrote

Because then they don't get the refund that they keep after canceling the first.

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unlikely-contender t1_ivbpcwr wrote

Yes I get the scam. I'm saying that venmo should offer the option to block/cancel incoming transaction as a way to deal with this kind of scam.

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xmgm33 t1_ivbvnht wrote

They should but they don’t. I think it’s weird.

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albyssa t1_ivcgcm2 wrote

I think they do actually, or at least Cash App does and it would make sense that Venmo would also. Once my mom tried to send me $500 and accidentally sent it to the wrong account. We had to jump through a few hoops with Cash App customer service, but she was able to cancel it and get the money back.

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Sobar1 t1_ivcx1gj wrote

Dam ur lucky…! I did that once & i was not able to get it back it wasn’t 500$ thank the lord.!! This was a few yrs ago tho

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albyssa t1_ivcxqx5 wrote

Ya it was lucky! My mom was freaking out obviously but it all turned out ok.

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Sobar1 t1_ivd0uq8 wrote

Yes 👍🏼 I definitely woulda lost my stuff too.. atleast u can laugh bout it now.. 😝

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RandomStranger79 t1_ivbqoa8 wrote

I don't think the app is set up that way. Anyone can send you money any time for any reason and you aren't prompted to accept or deny any transaction.

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