VENMO

Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps since their funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday.

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.

Sending and receiving money has never been easier. With companies like Venmo, Zelle, Cash App and Paypal, you can pay for just about anything online with the click of a few buttons. But how safe is your money when you use these apps?

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

People experiencing homelessness in Dallas receive a hot meal from volunteers with Harvest Project Food Rescue in the aftermath of last week's winter storm. As a result, millions of dollars have been raised by fellow Texans and people across the country who wanted to help. For example, Austin Mutual Aid, launched in March to assist Texans experiencing homelessness during the COVID-19 pandemic, has raised hundreds of thousands of dollars within the past week on GoFundMe alone. The team has helped 17,000 Houston residents following the winter storm, according to their Twitter account. An inch of ice, however, we got to sit there and think for a second.”The Mutual Aid Houston collective also gained a new temporary focus after the winter storm hit.

HOUSTON – Peer-to-peer payment apps make sending money to friends easy but if you’re not careful, a simple mistake could cause you to lose your hard-earned money. Despite the growing popularity of apps like Zelle, Venmo, and Cash App, most users never read the fine print or terms of service. If you accidentally pay the wrong person, most of the payment apps will not help get your money back. While your credit card offers fraud protection, allowing you to dispute charges, most payment apps do not. Read this story to find out how scammers can wipe out your bank account through these peer to peer payment apps.

But if you’re not careful, you could fall for a scam that could drain your bank account in seconds. "So, I went to my bank account and he was saying, 'Ma’am, you need to stay on Cash App. The man on the other end of the line wasn’t with Cash App at all but in less than five minutes, he nearly depleted Sakala’s bank account. Cash App responseCash App is aware of the scam and says you should only contact them through its app or website. If you believe you have fallen victim to a scam, you should contact Cash App support through the app or website immediately.