Risks associated with mobile payment applications: Tampa Bay freelance writer emptied his Cash App account


TAMPA, Fla. (WFLA) – For anyone who uses mobile payment apps like Cash App, Venmo, PayPal, and Zelle, your phone is a gateway to your finances.

As the coronavirus pandemic spreads, contactless payment options have grown in popularity. These apps make sending or receiving money faster than ever.

But mobile payment apps have also become a playground for thieves.

“It’s easier to be like, ‘oh yeah, put my phone number in that app, and you can just send it over there,’ Frank Wood told Shannon Behnken, consumer investigator at 8 On. Your Side.

Wood is a freelance video game marketing writer. Like many workers in the odd-job economy, he uses mobile payment apps to get payments from his customers.

For years, Wood has had no problem using mobile payment apps. Then one day he woke up to find that his Cash App account was exhausted.

“The first one was right there, $ 212, [then] $ 206, $ 206, $ 298.88, “Wood said, showing the transactions on his phone.

Tonight at 6 a.m. on News Channel 8, Better Call Behnken explains how the scam works and gets results for Frank Wood.

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