Advertisment

7 Safest Ways to receive Money from a Stranger – No Personal Info

Last Updated on March 29, 2023 by Jerome Donovan

With how easy it is to send and receive money from anywhere in the world, online transactions have become a big part of our daily lives. Most of the time, we receive money from strangers for different reasons. So choosing a safe and secure platform to avoid scams is imperative. In this post, we will check out the safest ways to receive money from a stranger without giving personal information.

Advertisment

PayPal is still considered the safest way to receive money from a stranger due to its non-affiliation of our details. It is also widely used in many countries, making it easy to open an account, unlike others restrictive to location. 

But asides from PayPal, there are so many choices that it can be hard to pick the right one. Many platforms, like Venmo, Square Cash, Zelle, and Stripe, make it safe to receive money from a stranger without giving personal information.

Advertisment

In this article, we’ll take a closer look at each platform, its features, and its security measures to help you decide which one is best for you. Whether you’re getting paid by a client or just a complete stranger who wants to send money to you for sending sake, it’s essential to use a safe platform to ensure everything goes smoothly.

safest ways to receive money from a stranger without giving personal information

Factors that Make a Platform Safe for Receiving Money

Depending on the situation of the money transfer, we have different platforms. If you are selling in an unregulated market, you will want to ensure a 3rd party security. But if you are in a regulated market, there are many options.

If you want to transact business with someone on Facebook Marketplace, you must use an escrow service to protect both the seller and the buyer.

Advertisement

But if on a regulated marketplace, you can use PayPal – which has both buyer and seller protection.

But let’s consider some factors that qualify platforms as the safest way to receive money from a stranger.

Anonymity

When thinking of a platform to receive money from a stranger, I think of a platform where I don’t need to share my¬†personal information like name, date of birth, and other information with the stranger before I receive money. I prefer a platform where you can share an email address or just some simple tags.

Security Measures

The platform should have robust security measures, such as encryption, two-factor authentication, and secure servers, to protect its users’ personal and financial information.

Protection for buyers and sellers

A safe platform should have a buyer/seller protection policy that pays out if there is fraud, an unauthorized transaction, or a dispute.

Reputation

Generally, a platform with a good reputation, like PayPal, is safe. You can look at reviews and ratings of the platform to find out what people think of it and how reliable it is.

Regulation

Financial authorities like the Financial Conduct Authority (FCA) or the Consumer Financial Protection Bureau (CFPB) usually monitor safe platforms to ensure they follow the law and give users enough protection.

User Feedback

Reading reviews and comments from other users can give you essential information about a platform’s safety and reliability.

User-friendly features

A safe platform should have user-friendly features like easy account setup, simple transactions, and easy-to-understand interfaces.

Customer Service

A platform with good customer service can help solve any problems that might come up during a transaction. This makes it a safer way to get money from strangers online.

Safest Platforms to Receive Money from a Stranger

From my years of research, these are the safest ways to receive money from a stranger without giving personal information. These platforms are ranked in no particular order, So feel free to check which one is easier for you to access and go with it. These platforms have been accessed by our quality team and found qualified.

PayPal

PayPal is a well-known online payment service and one of the safest ways to receive money from a stranger. This platform lets people and businesses send and receive money without exposing their identity. You need to make a free account to receive money through PayPal.

PayPal to receive money from a stranger

Once your account is set up, the person sending you money can get your PayPal email address. Then, they can send you a payment using their own PayPal account, a credit card, or a bank account. The money will be sent to your PayPal account, which you can move to your bank account.

While using PayPal, be careful of some PayPal scams so you don’t fall victim to fraud.

Venmo

Venmo is a mobile payment app that makes it easy for friends and family to send and receive money. It is ranked as one of the safest ways to receive money from a stranger. You must create a Venmo account and link it to a bank account or debit card to receive money.

Once your account is set up, the person sending you money can ask for your username or phone number. Then, they can use their own Venmo account to send you money. The money will be sent to your Venmo account, from which you can move it to the bank account you linked to Venmo.

I prefer giving out my Venmo username, as it is anonymous and doesn’t reveal much information about myself.

Zelle

If you don’t trust fintech companies but want to retain anonymity when receiving money from strangers, then Zelle is one of the safest ways to receive money from a stranger.

Zelle is a digital payment network that enables secure money transfers between bank accounts. To receive money with Zelle, you must have a bank account enrolled in the Zelle network.

Once your bank account is linked to Zelle, you can provide your email address or phone number to the person sending you the money. They can then send you a payment using their Zelle-enabled bank account. The money will be deposited directly into your bank account.

That way, you protect your personal information but still receive the money directly in your bank account without storing it in a 3rd party application.

Square Cash

Square Cash is a mobile payment app that enables users to send and receive money using their mobile devices. To receive money with Square Cash, you need to create a Square Cash account and link it to a bank account.

Once your account is set up, you can provide your Square Cash username or $Cashtag to the person sending you money. They can then send you a payment using their Square Cash account or a debit card. The money will be deposited into your Square Cash account, which you can transfer to your linked bank account.

Blockchain Wallets

If you don’t trust whoever is trying to send money to you, then you can use cryptocurrency wallets to receive money from strangers.

This form of wallet hides your identity and doesn’t require you to provide the stranger with any form of personal information about yourself.

It is simple to create a cryptocurrency wallet. You can use decentralized wallets like MetaMask and Trust Wallet or centralized exchanges like Binance and Coinbase.

Once you sign up, fill out your KYC (Know your Customer) information – for centralized exchanges, you will be presented with different wallets for different cryptocurrencies.

If you want to receive money with Bitcoin, then you request a bitcoin wallet, and one will be generated for you. This is the reason crypto is considered one of the safest ways to receive money from a stranger.

Cash App

Cash App is also one of the best ways to receive money from a stranger. The only limitation of Cash App is that it is only available for those living only in the United States. But we have discovered a way to go around this limitation, and anyone can open a Cash App account with this guide.

With Cash App, you will have a unique cashtag that you can send to whoever wants to send money to you. That way, your personal information is protected, and you can receive money from any stranger.

Cash App isn’t ideal for business transactions since it doesn’t have a buyer’s protection policy. So for business transactions and protection for both parties, you can use PayPal or an escrow service.

Escrow Service

An escrow service is a third-party service that keeps funds safe and secure during a transaction between two parties. If you are transacting with a stranger over a business deal, then an escrow service is the best option for you.

Here’s how to get money from a stranger using an escrow service:

Choose an Escrow Service:

Do some research and choose a trustworthy escrow service that meets your needs. Escrow.com, i-Escrow, and SafeFunds are all well-known choices.

Open an Account:

Set up an account with the escrow service by giving them information about yourself and your money.

Start the transaction by giving the stranger information about the escrow service and telling them to send the money to the escrow account.

Check the Money:

The escrow service will check the money and let you know when it has arrived.

Complete the Transaction:

Once the buyer confirms that they have received the goods or services, you can ask the escrow service to send the money to your account.

Dispute Resolution:

If there is a problem, the escrow service can step in as a neutral third party to help solve it.

If you use an escrow service, you can get money from a stranger without worrying about the safety of your money until the transaction is finished.

Can I receive money anonymously on PayPal?

Yes, you can receive money anonymously on PayPal from a stranger. You will provide just an email address to the stranger, and they will send you money. But before signing up on PayPal, you will need to provide your full name, address, and other personal information. This information is used to track transactions and help prevent fraud. When receiving money on PayPal, your name and email address are visible to the sender, and the transaction will appear on your PayPal account history.

However, you can use a pseudonym or business name instead of your legal name on your PayPal account. However, you must still provide your legal name and address for identity verification. PayPal may also request additional information and documentation to verify your identity if necessary.

Conclusion

If you want complete anonymity when receiving money from strangers online, you should consider receiving money via the crypto platform. I recommend you use decentralized platforms like Trust Wallet, as you don’t need to submit your personal information before using the application.

The downside is that these decentralized crypto platforms are unregulated, so you must be extra careful when dealing with crypto. So these are our recommended list of the safest ways to receive money from a stranger without giving personal information. So if you know more to recommend, do that using the comment section.

 

Advertisment
1 comment
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like