Venmo declined to say why it makes full public disclosure the default setting, but a company spokesperson told CNNMoney that “the safety and privacy of Venmo users and their information is one of our highest priorities.”
That’a a lie, as I showed 5 weeks ago:
Someone entered my email address for their account at Venmo. Month’s ago. Apparently Venmo NEVER VERIFIED the email address. Consequently, I receive their emailed financial transaction correspondence – for several months. Guess their customer never noticed they were not receiving emails? (Or is Google broken and one email address is being delivered to different people? Anything is possible!)
I successfully changed the password on a Venmo account that was not mine.
Never, ever use Venmo for transactions if you care even the slightest about keeping your transactions private.