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April 15, 2024

What college students need to know about payment apps

  • The convenience can leave them vulnerable to errors, fraud and overspending.
    • By KIMBERLY PALMER
    NerdWallet

    iStock image
    Financial experts suggest guarding against scammers by being wary of payment requests and carefully checking all recipients.

    For college students, sending money to friends has never been easier thanks to peer-to-peer payment apps like Venmo, PayPal and Cash App. But that convenience poses risks, including vulnerability to errors, fraud and the tendency to overspend.


     
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