In today’s digital era, third-party payment apps like CashApp, PayPal, and Venmo, have revolutionized everyday transactions, offering seamless payment solutions at the tap of a button. At the same time, it’s understandable to be concerned about the security of your money.

Are Payment Apps Safe

“Are payment apps safe?” Yes, but scams exist. Imposter scams are common, for example, in which scammers pose as relatives, banks, or even romantic interests to exploit emotions. Additionally, you should be wary of deceptive app advertisements that may compromise your security. Follow the tips below to safely use payment apps and reduce potential risks.

Top 10 Tips for Using Payment Apps

1. Choose reliable apps: Opt for established, secure apps with robust privacy policies and encryption.
2. Use strong passwords: Secure your device with biometric authentication and create unique, strong passwords for payment apps.
3. Enable two-factor authentication (2FA): Add an extra layer of security with 2FA.
4. Keep apps updated: Regularly update payment apps to ensure they have the latest security features.
5. Monitor transactions: Check your account regularly for unauthorized transactions and report suspicious activity promptly.
6. Beware of email scams: Be cautious of phishing attempts and avoid clicking on suspicious links
7. Use cybersecurity protection: Invest in reliable cybersecurity tools for added protection.
8. Lock your device: Set up secure lock screen features on your device.
9. Use secure Wi-Fi: Avoid financial transactions over public Wi-Fi: use trusted networks or a VPN such as VPN Proxy One Pro.
10. Review privacy settings: Customize app privacy settings to control data sharing.

What to Do if You’ve Been Scammed

Report scams to the Federal Trade Commission (FTC) and take immediate action if your banking cards are lost or stolen. You can also contact your app service for support:

• Cash App: Access support through the app or website, or call 1 (800) 969-1940.
• PayPal: Report issues online through PayPal’s Resolution Center or call 1 (888) 221-1161.
• Venmo: Contact Venmo through the app, website, or call 1 (855) 812-4430.

Trend Micro Has Your Back

The truth is, there are lots of scams and scam sites on the internet and they’re getting harder to detect. For an easy and reliable method of detecting and avoiding scams, check out Trend Micro ID Protection, which will protect you against scams, phishing links, risky websites, and lots more! If you come across something dangerous online, you’ll be alerted in real time so you’ll know to stay well clear.

With ID Protection you can:

• Safeguard your social media accounts against hackers.
• Receive alerts if your personal info gets leaked.
• Protect against online threats, such as phishing scams.
• Stop sites from collecting privacy-compromising data.
• Create, store, and manage strong, tough-to-hack passwords.

What’s even better is that you can enjoy a 30-day free trial of  ID Protection‘s paid version, so that you can take advantage of all its awesome features and start securing your identity and privacy today!