Before you start using Venmo and PayPal's new transfer feature, there's a crucial setting you should adjust. Here's why: When PayPal and Venmo finally enable direct payments between their apps in November, users will be able to search for Venmo users within the PayPal app (and vice versa). While this feature is long overdue, it raises concerns about privacy and security. Here's what you need to know and how to protect yourself.
Privacy Concerns and the 'Find Me' Option
Venmo users might recall the frustration of having their payment details automatically shared with everyone they connected with. Thankfully, Venmo has made improvements in recent years. However, a new privacy concern arises with the upcoming direct payment feature. PayPal users can potentially find any Venmo user if they have the correct phone number, which could make your account vulnerable to scams or spam.
To address this, Venmo is introducing a 'Find Me' option in November. Here's how to adjust it: Open the Venmo app, go to Settings (the gear icon), select Privacy, and then navigate to the 'Find Me' options. From there, you can restrict who can find you on PayPal. But remember, this feature is not available yet, so hold off on making any changes until the update arrives.
Stay Informed and Protect Your Privacy
As we eagerly await the direct payment feature, let's ensure we're prepared to protect our privacy. Keep an eye on Venmo's November update and adjust your settings accordingly. By being proactive, you can enjoy the convenience of direct payments while maintaining control over your personal information.
