Gains access to credit card and bank account information
Offers a private setting
Collects and sells data
App tracks your location
Keeps funds in the app until transferred out
Can be monitored
What Venmo says, "Why use Venmo? Because it’s the money app for splitting the cost of almost anything—right then, right there. Because it makes settling up feel like catching up. Because you can add a note to each payment to remember the moments, not the money."
What SGS says, "Although this may be an easy way to split the check at dinner keep a close eye on your funds to make sure your money is in safe hands."