Payment apps are now becoming a habit for clients to use, given the convenience and value it gives everyone. However, with the perks and advantages of these mobile payments comes the risk of privacy misinformation, often unknown with users. But there are a couple of ways you can try to make your data safe while still using these apps.
Payments apps like Venmo, Paypal, and CashApp have been in the system for users especially, the younger generation. It makes business transactions, online shopping and all other payment processes easier with just a click of a button. Usually, these apps include disclaimers and terms that are extremely long and vague that users no longer spend time reading and understanding all of them.
Good thing, Mashable gave ways on how to keep your data safe with these payment apps.
One of the leading mobile payments apps owned by Paypal used by around 60 million people. Users can easily transfer payments to others by using a mobile device application. It is most notable for its public-by-default transaction history that was even a center of controversy and news when President Biden’s Venmo account was discovered in less than 10 minutes. This made a huge deal for Venmo users.
Therefore, the company launched a new feature which will allow users to make their friend’s list private. Also, users have the option to change their settings but not everyone is familiar with that, making their data vulnerable.
And to make your data private, here is what you can do:
- Open your iOS Venmo app and tap the three horizontal lines in the upper-right corner of the app.
- From there, you have to scroll down and select “Settings”
- Next, tap “Privacy” and go to Default Privacy Settings.
- You can now select “Private”, “Past Transactions” and select “Change all to Private.
Another safety precaution to do is to hide your friends list on your app. To do that, you must continue with the same settings mentioned, go back to “Privacy” and click on “Friends List”. Next, select “Private”. From there, you will see the option “Appear in other users’ friends lists”. Simply toggle that option off and you are good to go.
CashApp is another option for payment apps with the inclusion of user’s ability to buy bitcoin and stocks. With approximately 36 million monthly users, the wide reach of this platform allows it to collect a lot of user data. Some of the data that may be acquired includes users’ real names and email addresses given the nature of the platform with sending and receiving of money. The policy notes that Cash App collects the “location of your device, including your IP address, device language, and location of your network provider”.
Last payment app that users usually use is Paypal. Though it is connected to Venmo, it also has its separate platform with separate data systems. If you are using a Paypal personal account, the mobile app displays real names with other information as you accomplish a certain transaction done in the app. This may be avoided unless you have a business account which works somehow differently from a personal account.
To conclude, all of these apps and any other apps in the market surely have certain risks that users have to take. Again, this is in exchange of convenience that you get to experience. If you are unlikely to take those risks, you can always keep your transactions actual and personal.