Consumer Reports: Be careful when using peer-to-peer payment apps
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PHILADELPHIA (WPVI) Peer-to-peer payment apps make paying for things a breeze. But there is a catch that users should be aware of.
Many do not offer the same level of protection against scams that most credit cards do, making them targets for online scammers.
Consumer Reports revealed the warning signs and what you can do to make sure you do not fall victim.
Daniela Rivera found a Goldendoodle up for adoption on Instagram. It was like love at first sight. He was so, so cute, she said.
What you don t know about cash apps like Venmo, Zelle & Cash App
Most people think they re like a bank account and you can be refunded your money, but there are no protections. Author: Tanya Rivera, Consumer Reports Published: 3:28 PM EST March 9, 2021 Updated: 7:11 PM EST March 9, 2021
Peer-to-peer payment apps like Venmo and Zelle, Cash App, Apple Pay, and Google Pay make splitting a dinner bill or rent easy. But there’s a catch: Many of these apps don’t offer the same level of protection against scams that most credit cards do, making them the perfect payment method for online scammers to take advantage of.
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