“They’re looking to steal your information - that’s what the point of a QR code scam is,” said Jessie Schmidt with the Better Business Bureau. “It’s really easy to generate a personal ...

That’s because the caller is a scammer trying to hack into your account, and they need the multi-factor authentication code Venmo texted or emailed you when they were attempting to break in.

Also, when sending payments to friends and families with a credit card over Venmo, your card issuer may code the transaction as a cash advance, resulting in more fees and a higher interest rate.