How to Avoid Fraud in Popular Peer-to-Peer Payment Apps
Peer-to-peer transfers have revolutionized the way we handle our money. We no longer need to carry around much cash, or stress over how to pay our friends and family back for meals. For the most part, using apps like Venmo and CashApp is overwhelmingly safe, but that doesn’t mean that fraudsters aren’t trying to take what isn’t theirs.
What Does This Kind of Fraud Look Like?
There are a few different ways that P2P apps can be used for fraud, many of them not even requiring you to have used the apps before.