More Bang For Your Buck: Dangers of using cash apps - NBC12 - WWBT - Richmond, VA News On Your Side

More Bang For Your Buck: Dangers of using cash apps

Dangers of using cash apps (Source: NBC12) Dangers of using cash apps (Source: NBC12)
RICHMOND, VA (WWBT) -

It's the newest high-tech way to work from home or even be a secret shopper, but just what could you be risking for those extra bucks you can make through cash apps?

From uploading pictures of grocery receipts for cash to watching videos on your phone to earn gift cards, work-at-home mom Nicole McDonald makes about $1,000 per year using moneymaking apps.

"I like using apps that pay me cash and rewards because it's a super easy way to get some extra income," she said.

Receipt Hog is the one McDonald uses to upload sales slips, but the app also pays users to take short surveys. Shopkick rewards users with gift cards when they visit recommended stores, scan items and buy products. With Clashot, users upload photos, and if they're liked by someone else, the user can earn money. Cash Pirate pays users to play games.

Cyber experts warn that you could be cashing in your privacy. Buried deep in the fine print, some apps acknowledge they

  • find your precise GPS location
  • prevent a device from sleeping
  • send SMS messages
  • modify or delete contents of your USB storage
  • download files without notification
  • take pictures and video
  • record audio

"I think that the behavior in most of these rewards apps is creepy and inappropriate," said Gary Miliefsky. "Yes, they need to monetize you and ensure that you''re located where you say that you are, but they're collecting way too much information."

Experts say if you're going to use a moneymaking app:

  • Review its privacy policy and what information the app accesses.
  • See where the app developer is located
  • Read the reviews
  • Don't download any app that pops up as a link in a text message.

"For the most part, these apps are fairly safe. If you download them from the iTunes store or Google Play Store you have a few more built-in security measures," Miliefsky said.

For McDonald, she has no problem trading some of her privacy for a little extra cash. "I don't think you could make a living off the apps, but I think it supplements your income very well," she said.

Copyright 2015 WWBT NBC12. All rights reserved,

  • More Bang for Your BuckMore Bang for Your BuckMore>>

  • Post-holiday deals: What's on sale in January

    Post-holiday deals: What's on sale in January

    Friday, January 5 2018 4:36 PM EST2018-01-05 21:36:28 GMT
    Source: NBC12Source: NBC12

    The holidays are behind us, but the sales are not. These products will have the biggest price drop during the month of January.

    More >>

    The holidays are behind us, but the sales are not. These products will have the biggest price drop during the month of January.

    More >>
  • Are you a 'yo-yo debtor'?

    Are you a 'yo-yo debtor'?

    Friday, December 1 2017 2:30 PM EST2017-12-01 19:30:39 GMT
    Source: NBC12Source: NBC12

    You’ve heard of yo-yo dieters, people who lose weight just to gain it back, then start the dieting cycle again. Experts now warn the same type of up and down cycles are happening with too many people’s credit cards.

    More >>

    You’ve heard of yo-yo dieters, people who lose weight just to gain it back, then start the dieting cycle again. Experts now warn the same type of up and down cycles are happening with too many people’s credit cards.

    More >>
  • Deal Diva: How to master online discounts

    Deal Diva: How to master online discounts

    Wednesday, November 29 2017 11:26 AM EST2017-11-29 16:26:12 GMT
    Learn how to master online shopping discounts.Learn how to master online shopping discounts.

    Just because Black Friday has come and gone, doesn't mean the online deals are over just yet.  You really don't have settle for full price when shopping online, there are a few tricks and hacks to help you save online, not just during the holidays, but year-round.  

    More >>

    Just because Black Friday has come and gone, doesn't mean the online deals are over just yet.  You really don't have settle for full price when shopping online, there are a few tricks and hacks to help you save online, not just during the holidays, but year-round.  

    More >>
Powered by Frankly