It all started with a hacked Facebook account, which quickly escalated into a web of fraud.

More and more people are using payment apps to send and receive money.

If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.

Just as technological shifts created the cashless society, further advances are now helping charitable groups and advocates for the unhoused reach those most in danger of being left behind.

Apps like Venmo, CashApp, or Zelle make it easy to send money fast to friends or family. But what happens when it’s a scammer on the other end?

Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds may not be covered by deposit insurance.

Venmo will officially allow teenagers to open an account with their parents' permission, the company said Monday, expanding the popular social payments app to a demographic that is likely to embrace it almost immediately.

If you receive payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change next year.

Consumer Reports warns you have to take one very important step to protect yourself in case something goes wrong – like getting scammed.

“I received a notification from my bank that said your Venmo transaction of $1,800 has been approved right after that. It said your Venmo of $2,000 has been approved 3,800 total.” Frasier recalls.

ou never think you will fall for a scam, yet millions of people get taken every year. Here are four popular scams circulating this time of year and the red flags.

Venmo will allow users to buy and sell cryptocurrencies on its app, the latest mainstream financial platform to wade into alternative currency like Bitcoin.

Only weeks before Clemson University quarterback Trevor Lawrence is likely to be drafted by the Jaguars as with their No. 1 overall pick, he had another big day. On Saturday he married his longtime girlfriend, Marissa Mowry.

Lawrence is getting married on April 10.

Peer-to-peer payment apps like Venmo and Zelle make paying for things a breeze. Peer-to-peer payment apps aren’t banks or credit cards, so when you pay someone directly using one, there is no way to recover the money, a problem Consumer Reports says happens way too often. In an AARP survey of Americans 18 and older, more than half of respondents incorrectly thought they could reclaim money sent in error when using peer-to-peer payment apps. Treat it like cash, and beware of ‘too good to be true’ situations.”AdUntil laws are changed, consumers are going to have to be really careful when they use peer-to-peer payment apps. Look instead for a payment app specifically created for business users, like Square Cash for Business or PayPal.

Taking it a step further, Carter said she looked up the homes property records, which are public record. Well, we tried to make (sure) everything was legit before handing over the money, Carter said. In total, Carter said, she shelled out nearly $2,000 with no keys or response from the owner. I went ahead and made that payment, it was through an app called Venmo, Carter said. Unfortunately, because Carter used Venmo and cash, she said both her bank and Venmo told her there is nothing they can do to retrieve the nearly $2,000 she lost.

A college football fan who held up a sign on national TV asking for beer money has raised more than $1 million -- and he's giving it to a children's hospital. AMES, Iowa (CNN) - A college football fan who held up a sign on national TV asking for beer money has raised more than $1 million -- and he's giving it to a children's hospital. By Sunday morning, the contributions -- including Busch Beer and Venmo's matches -- had reached $1 million, and were continuing to rise. Stead Family Children's Hospital said they were overwhelmed by King's generosity, and the generosity of all the donors who pledged their support. "The University of Iowa's Stead Family Children's Hospital does amazing work for kids and families all over the country," he said.

- Venmo has become a very popular way to pay easily pay people for goods and services. Because it has become so popular with users, Venmo is now popular with scammers. '"At the end of the day the worst thing you can do is click on the link," Shriner said. Many cases go unreported and this one Venmo scam could target up to 40 million users. In the Venmo app, users can disconnect cards from the account, but by that time, the scammer most likely already has the banking information.

- A college football fan who held up a sign on national TV asking for beer money says he's giving the thousands of dollars he raked in to a children's hospital. He scrawled his Venmo account details on the sign for the nation to see. The children's hospital is next to the Hawkeyes' Kinnick Stadium. We're going to match your donation to University of Iowa. King said those interested in donating to the Stead Family Children's Hospital can also do so directly through the hospital's website.