What Is the Venmo Chargeback Policy?
If the recipient has an active Venmo account, the transaction can’t be canceled. The term Venmo chargeback, therefore, in most cases, is metaphorical, since transactions can’t actually be reversed. Although you can get your money back on Venmo, there are no guarantees.
According to Venmo’s chargeback policy, customers should first approach the recipient and ask for the money back. Customers can dispute their purchase through the Venmo Purchase Program if the recipient doesn’t return the funds.
The Venmo chargeback policy doesn’t include a guarantee or even assurance from the company that customers will get their money back, even if the merchant deceived them into sending the money through Venmo scams.
It should be noted that Venmo chargebacks can be easier if you used the platform as a way to transfer money from a debit or credit card rather than sending money directly from your Venmo account. If a customer paid a merchant on Venmo using a debit or credit card, customers can seek recourse through a debit or credit card chargeback.
You are likely to be more successful with a Venmo chargeback through a debit and a credit card, because the customer can file a claim with the card’s issuing back. Since credit and debit card chargebacks are easier and than Venmo chargebacks, it may be advisable to make transactions thr