Common P2P Payment Scams: Beware! 🚨

As with other financial transactions, P2P payment scammers are on the hunt to steal your money, identity, or both! 🤑

Common P2P scams include:

- Phishing: Scammers trick you into revealing sensitive info 📊

- "Accidental transfers": Scammers send you money, then claim it was a mistake; if you send it back, you may discover the funds were from a stolen source or fake account! 🤯

- Impersonation or imposter scams: Scammers pretend to be from a business, government agency, bank, or utility company to get access to your money or personal info! 📞

General P2P Payment Statistics:

- More than 159 million U.S. residents (47% of the population) will make at least one P2P mobile payment in 2023! 📈

- 42% of adult Americans have used P2P apps in the past week; 60% in the past month! 📊

- Frequent users want a "financial super app" to bring all accounts under one roof! 🏠

While Increasingly in Use, P2P Payments Are Still Niche:

- 6% of Americans prefer P2P payments for everyday services; debit cards (42%) and credit cards (26%) remain the most popular choices! 💳

- P2P payment users make a payment using one of the services 1.6 days a month, on average! 📆

- Nearly half (47%) of consumers don't know if their financial institution allows P2P payments! 🤔

These Are the P2P Payment Apps Most Favored By Americans:

- PayPal: used by 57% of U.S. adults! 💳

- Cash App: favored more by Black Americans (59%) than any other payment service! 💸

Stay safe and aware when using P2P payments! #ScamRiskWarning #BTC #bitcoinhalving