Post by Pete on Feb 2, 2024 12:12:41 GMT
Peer-to-Peer (P2P) apps such as Venmo, Zelle and PayPal don’t offer buyer protection on consumer’s accounts like FDIC-insured banks do.
68% of peer-to-peer payment users in 2023 experienced some form of attempted (or successful) scamming activity while using cash payment apps. And if it happens to you, you’re probably up the creek without a paddle