
Peer-to-peer (P2P) money apps like Zelle, Venmo, and Cash App have revolutionized the way we exchange money. Splitting a dinner bill or paying a friend back for concert tickets is now as easy as tapping a few buttons on your phone. But this convenience comes with significant risks. These platforms are designed for transactions between people who know and trust each other. When used for other purposes, they can become a minefield of scams that can drain your bank account in an instant.
To protect your hard-earned money, here are seven things you should never, ever send money for using peer-to-peer money apps.