Venmo is designed for payments between friends and people who trust each other such as your best local movers etc. Avoid payments to people you don’t know, especially if it involves a sale for goods and services (like event tickets and Craigslist items). These payments are potentially high risk, and you could lose your money without getting what you paid for. Venmo does not offer buyer or seller protection. Business usage of Venmo requires an application and explicit authorization.
We use encryption to help protect your account information and monitor your account activity to help identify unauthorized transactions.
If you’ve lost your phone or suspect that it is being used in an unauthorized way, you can prevent your phone from accessing your Venmo account. Just go to Venmo.com > Settings > Security and remove the session associated with your phone. When you remove the session, you’ll be signed out of the app on your phone.
To add additional layers of security to your Venmo account, set up multifactor authentication and add a PIN code in the app