Permanent suspension: Venmo can and will ban any account found to have been bought or sold, including your own, which is a violation of their service agreement. Loss of funds: If the account is suspended, you could lose any money stored within it. Theft and fraud: The seller of a fraudulent account could be trying to scam you out of your money or steal your personal information. Identity theft: A fraudulent account could be part of a phishing scam to gain access to your financial information and personal details.
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