How to Protect Yourself When Using Money Transfer Apps

February 5, 2019 by · Leave a Comment 

The ability to transfer money through mobile apps is growing in popularity, especially as more new services are created to make it possible. There are two popular apps that people are turning to, which means there’s also a growing opportunity for fraud and theft, so it’s important that you protect yourself.

Instead of people watching you pass along cash, there are hackers watching your transactions when you use these apps. Like any online transaction, there are inherent risks for someone to either take your money or find a way to access your account whenever they want. Taking a few precautions now can save you time, money and a big headache later.

Jason Glassberg, a cybersecurity expert and co-founder of Casaba Security recently told Travel and Leisure that individuals should “think of hackers like car thieves—they’re much more likely to steal a vehicle with the key in the ignition and windows down than one that’s locked and alarmed.”

Keeping your accounts secure on any of these peer-to-peer apps can be simple and keep pesky scammers away. Here are a few ways you can protect yourself on Venmo, PayPal, Cash, Apple Pay, and Google Wallets.

Use a complex password. Yeah, it’s tempting to want to use one password for several accounts. Simple passwords are easier to remember, but complex ones are more difficult to hack. Choose a unique password—one that’s long and confusing. We recommend using a password vault to generate and store passwords (vaults like 1Password and LastPass will even sync your passwords between devices), and then just retrieve them as you need them.

The generated passwords can be long multi-character creations like DJ!&a9m1jqz* or diminish-coffee-whale-nodule. You won’t remember them, but that’s what the password vault is for.

A woman holding a mobile phone, looking at her PayPal app. You need to protect yourself when you transfer money this way.Or if you need to, you can always create a long passphrase that you’ll easily remember, like ILeftMyHeartInSanFrancisco. It will be easier to crack than a random password, but it’s a lot harder than if you’d used passw0rd!.

Set up two-factor authentication. This is where, after you fill in your password, the app texts you a 6-digit code. Fill in that 6-digit code on the app, and you’re in. This way, if your ID and password are known to someone else, they still need your phone to finish the transaction. In other words, the app is “double-checking” to make sure it’s you.

Once you’ve started the transaction, double-check and triple-check to make sure the details are accurate. Accounts can be created to look almost identical to the one you’re looking for, so use caution. Remember: once you send a payment, the money leaves your account and cannot be returned. If necessary, call the person you’re sending the money to in order to confirm their receipt.

In order for these apps to send money, they need to be linked to a financial source. Your safest choice? Use a credit card and not a debit card. Credit cards offer a lot more protection than a bank’s debit card. For one thing, you could be responsible for all the missing funds with a debit card, but the credit card may charge you as much as $50 for fraudulent charges. Keep in mind that some credit cards may charge a processing fee to use it, but you’ll get peace of mind for as much as 1–3 percent.

The network you use is just as important as the card, password, and authentication process you choose. Financial transactions on public wifi networks (airports, restaurants, libraries) are at increased risk. You’re better off using a password protected wifi or your cellular network to protect yourself (turn off the wifi on your phone to make sure you’re only using the cellular network). And remember to update your apps and operating system because newer versions offer more protection than older software.

Turn on notifications for your finance apps and you’ll be alerted to any issues as soon as they happen. The more you know about your accounts, the better, and the sooner you can get them resolved. Even something as simple as receiving a text for every transaction can keep you updated on your account.

When you’re finished with your transaction, be sure to completely sign out of your account, don’t just close the app. By not signing out, your session remains active and someone can open the window and still be logged in.

Finally, one option is to have only one device strictly for payments. A separate smartphone will keep you safer since you’re not visiting other websites, playing games, or running other software. This solution is a bit more costly, but it offers the most protection. If you still have an old phone, you could use it for this purpose. Delete all the data, update operating systems and payment apps, and you’ve got a dedicated payment device.

Peer-to-peer payment apps are a great way to get money into the hands of someone quickly and conveniently, especially if you take a few simple safety precautions. How do you protect yourself and make sure your financial transactions are safe while still using your mobile phone to send and receive money? Share your tips, suggestions, and ideas on our Facebook page, or on our Twitter stream.

Photo credit: (Flickr, Creative Commons 2.0)

Busting Five Budget Business Travel Myths

September 7, 2017 by · Leave a Comment 

Everyone works hard for their money, and nobody likes the idea of parting with any more of it than necessary. In fact, everybody likes a deal. But when it comes to budget business travel, some of the advice you may have received is nothing more than myth and urban legend. Here are several:

Myth: Unlock your phone for international travel. This is completely unnecessary, unless you are going to be in an area of the world where you will need to be able to make calls whenever you want and you know you won’t have access to any reliable wifi. If you know you’ll have access to wifi, checking in is simply a matter of scheduling a time and finding free or paid wifi. There are other ways to communicate than just voice-to-voice. Apps like WhatsApp, Viber, and Skype make it easy to communicate offline via text or even make Internet-phone calls while abroad.

A rented Nissan Micra in Donegal, Ireland. Beware the business travel myths about rental cars!

A rented Nissan Micra in Donegal, Ireland

Myth: Rental cars are inexpensive overseas. While this may be true, what most Americans don’t know is that the price of fuel everywhere but the US is much more expensive. This turns something that appears reasonable into something that is costly. Public transit is much more developed in foreign countries, so utilize the local buses and trams, and use rail passes for the majority of your around town travel. Ride sharing also exists in foreign cities, so familiarize yourself with those apps before you leave. If it’s necessary to rent a car, consider Transfercar, which connects travelers with cars that need to be relocated, or BlaBlaCar, which allows drivers with available passenger seats the opportunity to sell them to travelers needing a ride.
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Tricks to Hack Your Business Travel Budget

February 10, 2017 by · Leave a Comment 

Now that most companies are working under a new fiscal year, you may find you need to stretch this year’s business travel budget a little further than before. Here are some of our favorite budget-saving techniques for making the most of your business travel dollars.

Look for hidden costs, and be wary of special “savings.” What looks like a savings could actually increase your costs in the long run. For example, you may find a cheaper hotel on the other side of town from your big meeting, but the commute will eat up the savings in taxi or Uber fees.

Hotel room in the Renaissance Columbus, OH

Try to stay in a hotel close to your meeting destination, even if one across town is “cheaper.”

Similarly, if three people are visiting a client together, but all book travel separately, all three have to get to the hotel or client on their own. Even if the flights are cheaper, you may be able to reduce costs if everyone coordinates rides to and from the airport, and even stay in the same hotel. Some hotels will give discounts for multiple rooms, so call the hotel directly and ask for the sales desk.

Use technology whenever possible. There are a variety of mobile apps to help you keep track of expenses, such as apps that let you take photos of your receipts and build expense reports as you go. This eliminates the need to save all your receipts throughout the trip, and risk losing any. You can even export your reports and quickly share them with your finance department when you get back to the office.
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Four Business Travel Budget Savers from Experienced Travelers

February 3, 2017 by · Leave a Comment 

Even if you’re an experienced business traveler, there are a few little things you can do to make your next travel experience more expedient, efficient, and economical. Based on our own experiences, as well as those of some of our customers, these are a few travel hacks you can do to save money, time, and your sanity.

Pay premium for the direct flight. The old axiom is true: time is money. And if you’re a business traveler, you’re losing money while you’re in transit, which means you need to find a way to shorten that time. Traveling more legs than necessary just to save money actually decreases your productivity, which costs you more money in the long run.
You can negotiate with your car rental provider on a business travel trip
Every segment you add to a flight also increases the risk of delay or cancellation, which costs time as well as energy. Plus, those who book full-fare tickets, even if they’re in economy, are more likely to get an upgrade if it’s available because the gate agent will know the price you paid by a code on the ticket. Remember, if you get to your destination sooner, you can start working sooner.

Negotiate with car rental agencies. Did you even know you could do this? According to some of our experienced business travelers, you can. While premium cars are more expensive, rental agents may be willing to negotiate if there are available cars in this category, and if they’re not pressed for time with lots of customers behind you.
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Avoid Paying Unnecessary Fees When You Travel

July 15, 2016 by · Leave a Comment 

Traveling is expensive; there’s no way around it. But that doesn’t mean you have to fall prey to the hidden costs and extra surprise charges. There are ways to avoid unnecessary fees that can come along while you’re traveling, so here are a few ways you can avoid the problem.

house-money-capitalism-fortune-12619When you’re at the car rental agency desk and are asked if you want to buy their insurance, you can politely answer with a confident “no, thank you,” as long as you know that your standard car insurance policy covers rental cars (check with your agent to be sure). Also, some credit cards provide insurance for rental cars as well, like American Express.

Hunger strikes when you’re least prepared, and it seems like the only option available would be the overpriced airport and hotel food. Not true! Since you know you get hungry approximately three times a day, whether traveling or not, avoid that $3 bottle of water by packing your own empty one, and filling it at the water fountain. Better yet, fill it from the bottle-filling stations if available.
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Shared Economy Opens Doors for New Travelers

June 17, 2016 by · Leave a Comment 

You’re traveling to a new city, either on business or leisure, and you want to experience it the way the locals do. Before 2008, the idea of staying in someone’s home was only a viable option if you already knew someone there. Airbnb (and before that, HomeExchange) changed all that. Now you can safely stay in someone’s home or apartment and perhaps even share a meal with your hosts, providing a uniquely personal way to get acquainted with your destination.

Dairsie Castle, Scotland, a once-in-a-lifetime destination for travelers

It may not save you a lot of money, but travelers can stay in Dairsie Castle, Scotland as part of Airbnb.

While you may already be familiar with the shared economy of accommodations, did you know there’s also an alternative to the traditional rental car industry? Through companies like RelayRides, Zipcar, Hubber, Getaround, and JustShareIt, individuals can share their vehicles with travelers who need them on demand, or for as brief a time as one hour.

In some cases, the owners of the cars pick their renters up at the airport, saving time spent in rental car lines. If you’re looking for a different mode of transportation, Spinlister offers travelers the ability to rent a bicycle, snowboard, or skis. You can even rent a boat using GetMyBoat.
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Don’t Let Negative Thinking Stop You from Traveling

May 11, 2016 by · Leave a Comment 

Yes, it’s a lot of work to go on a vacation. You have to plan your itinerary, find the best airfare, decide where to stay, and perhaps who to travel with. But everything in life requires effort, and we don’t want to see you miss out on a great experience because of the following negative myths:

It’s too expensive

In case you were waiting to win the lottery, the reality is everything costs money. There’s no free lunch, but there certainly are a plethora of free and discounted sites and activities to participate in, no matter where you decide to go. (Look at the activities you do at home — museums, sporting events, festivals.) screnshot works like Priceline, but in reverse: hotels bid by offering lower and lower prices to win your business.

And there are ways to take vacations that don’t cost much more than your regular living. For example, if you could drive to a new city 1,000 miles away and stay in an Airbnb apartment, you’re looking at the cost of gas and lodging. You can cook your own food, which you would have to do anyway, and you can just walk around and experience a brand new city for an entire week, and try the inexpensive and discounted activities.
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Buses are Fastest-Growing and Cheapest Way to Travel

May 27, 2014 by · Leave a Comment 

Everyone has their favorite method of travel, whether it’s planes, trains, or automobiles. But can you guess which method is growing to be the preferred way by many people in the U.S.?

If you said buses, you are correct.

English: Coach USA Van Hool TD925 ...

Coach USA Van Hool TD925 Astromega double-deck bus DD415 waits outside Madison Square Garden and Penn Station. (Photo credit: Wikipedia)

Coach bus services, such as the Megabus and Boltbus, are quickly becoming the most popular method of travel. To understand why, you only need to look at the fares.

Compared to airline services, fares for travel buses are a fraction of the cost. Megabus advertises prices that are very low. For example, to travel from Miami to Orlando, the one-way fare is as low as $3.00. Since these vehicles offer luxuries such as free wifi and larger seats, there are plenty of incentives for travelers to choose a bus for shorter travel trips. Of course there’s a trade off. A bus takes a longer time to get where it’s going. The estimated time of this bus trip is 5 hours, around an hour and a half more than by car. .

With airplanes, you can travel across the country in a matter of hours. The same cannot be said for a bus. Driving is always slower than air travel and depending on the destination, traveling by bus may require lots of stops and layovers, adding to the travel time and taking away precious vacation time. But, you can save hundreds of dollars, which will make your vacation a lot more affordable.

As travel prices are increasing, it’s no wonder people are choosing a travel bus for travel. It’s much easier on the wallet. But if your time is much more important, and you can afford the higher cost, air travel is still the quickest way to get from point A to point B.

7 Common Expenses That Take Travelers by Surprise

August 30, 2012 by · Leave a Comment 

Atlantis Resort - Bahamas

Atlantis Resort – Bahamas (Photo credit: derekskey)

You may have budgeted carefully for your next trip, but there’s a good chance you’ll still be surprised by a few of the
unexpected expenses you encounter. A great Budget Travel article, reprinted on CNN’s website, mentioned a bunch of those expenses and explained what they are.

There really isn’t much you can do about these fees except know what they are — knowing is half the battle, after all — and grouse about them to your friends and colleagues. Here’s a look at those seven shockers:

1. Visa Fees

If you’re traveling to a foreign country, there’s a good chance you’ll need a visa. The costs can vary, but places like China and Brazil charge more than $100. Check in with the country’s consulate for costs, and be sure to give yourself plenty of time for your visa to come in — or you’ll pay extra to expedite it, too.

2. Departure Taxes

International flights, in addition to the other secret fees few know anything about, also include a tax just to leave the country, especially if you’re traveling from the Caribbean and South America. The CNN article says those taxes can go to fund things like airport construction work, road work, and water and sewage system maintenance.

3. Resort Fees

CNN calls these the most hated fees among travelers. Sometimes a flat fee and sometimes a percentage of the room rate, resort fees include things travelers often assume come for free, like towels at the pool or that daily newspaper outside the door. (You know, the one you step over on your way out?)

Some hotels include gym access and wireless internet in their resort fees, which you can’t sweet talk your way out of even if you don’t plan to use the services they cover.

4. Cruise Gratuities

Major cruise lines charge anywhere from $10 to $12 per person, per day, in gratuities alone. If you’re on a 10-day Caribbean cruise and have already been buying drinks and splurging on extras left and right, you’ll be even more stunned when hundreds of dollars in gratuity shows up on your final bill.

CNN notes that though the charges seem mandatory, you can take it up with the ship’s purser in person to adjust the gratuity, up or down, if you think you’ve received better or worse service than the rate indicates.

5. Baggage Fees

Need we say more? Baggage fees are killer, and rarely an actual shock, but it takes our breath away every time all the same. These fees are changing all the time, and usually not for the better — we’re all for carrying our bags onto the plane whenever possible. Failing that, be sure to do your research beforehand to find a carrier with reasonable baggage fees and fares to match.

6. Money Exchange

Especially if you plan on hitting smaller towns with mom-and-pop shops and restaurants, it’s always a good idea to visit a major ATM before you leave the city. They usually offer the best exchange rates and less hassle than a foreign exchange, too.

7. Foreign Transaction Fees for Airline Tickets

If you’re booking an international flight on a foreign carrier, you might want to find another flight or consider booking a code-share flight from a domestic partner airline — your credit card company could levy a foreign transaction fee for booking with British Airways, Air France or another foreign-based international carrier.

You can also use a credit card that doesn’t charge those fees, like Capital One. But your safest bet is just to book with an American carrier.

  • 7 common expenses that take travelers by surprise (
  • Watch out for new hidden hotel fee (
  • Hotels expected to fetch $1.95 billion in fees (
  • 10 most annoying hotel fees (

Getting Comfortable In Coach

January 11, 2011 by · Leave a Comment 

Of all the inconveniences associated with air travel, one of the worst is being squeezed sardine-like against your fellow passengers in an overcrowded coach cabin. If you resent having your “personal space” invaded, flying coach can be an ordeal.

Getting comfortable in coach can be difficult.

But those spacious first class seats are too expensive for most of us. So, what’s a compressed, budget-conscious air traveler to do?

An effective approach is to request an exit row seat. While you may pay a little more (and will be expected to remove the escape door in the event of an emergency), you’ll enjoy significantly more arm and leg room.

A less obvious technique — if the exit row is already booked — is to request a seat in the row immediately behind it. Normally, exit row seats don’t recline, so you’re assured that the snoozing passenger directly in front of you won’t suddenly lean back into your lap.

You can also increase leg room by not storing anything under the seat in front of you. Simply pack your Travelpro® Rollaboard® properly, and place it in the overhead bin.

Another common approach is to request an aisle seat. While some travelers swear that window seats are roomier, most agree that having the aisle to one side gives you a greater sense of openness. On full flights, requesting a two-seat row instead of a three-seat row also lessens the number of bodies in close proximity.

If the flight isn’t full, you can always move to rows that aren’t full. Plus, you can choose planes with the fewest middle seats (for example, no middle seats are assigned on a 767 until it’s 87% full), or those flying at off-peak times (primarily midweek and midday), decreasing the likelihood of the plane being full. Use Orbitz’s Flexible Search tool to determine scheduled aircraft and flights booked at less than capacity.

Another option for making your coach class experience more enjoyable is comparing seat dimensions (on and choosing flights with the roomiest seats. On domestic flights, coach seats vary from 16.5″ to 18″ in width, and 30″ to 36″ in pitch (total distance between rows). On international flights, the seat’s width ranges from 17″ to 20″ and pitch ranges from 31″ to 42″.

Finally, you should always select the best seat available when you book your flight. Then monitor seat maps online and, if a better choice comes up, change your seat assignment.

Flying coach class doesn’t have to be a claustrophobic nightmare. With a little planning, you’ll have plenty of room to maneuver.

Photo: knight725 (Flickr)