Unfortunately got scammed.
I sold an item to a person off FB marketplace and he paid me via Venmo (which I assumed does not allow reversing transfers). The next day the I noticed the person started blocking my text messages and FB messages. A few hours later I got an email from Venmo saying that the transaction was flagged because it went against their terms of service (for using it for biz) and they reversed the transaction that was pending deposit into my ACH account.
I've tried calling Venmo, who's call center is conveniently closed due to COVID, and their chat is not very helpful. They are basically washing their hands from this whole incident saying that the service is only meant to send money to people you know and not for any selling.
Wondering if anyone else had dealt with this kind of situation and had any advice dealing with Venmo. I filed a police report but I know they won't be going after the guy.
A scammer may pay you using stolen credit cards or bank information. If the actual owner of the payment method reports unauthorized activity, the money could be removed from your Venmo account
How to avoid this scam: Don’t use Venmo to sell anything to strangers. If someone has paid you on Venmo, you should see the funds available in your Venmo account without any delay. But remember, payments made from stolen payment methods could be removed from your Venmo account even after they’ve been made available to you.
The funds came through already?
He must have called and claimed his account was hacked.
Wonder if one can do the same with chase qp and td send money and all the other zelle banks?