nmohapatra

What if I told you the money in your Venmo account isn’t really yours? That might sound strange—maybe even a little alarming. After all, when you check your Venmo (or PayPal or Cash App) balance, there’s a number sitting there, ready to be spent. You trust that when you hit “send,” your friend will get paid. And you probably assume that your money is safe—just like it would be in a traditional bank. But here’s the truth: that balance you see in your Venmo (or PayPal or Cash App) is less like ...