Peer-to-peer (P2P) payments have become increasingly popular in recent years, as they offer a convenient and secure way to send and receive money. However, this convenience has also made P2P payments a target for scammers. In 2023, there are a number of P2P scams to be aware of.

Overpayment scams: In this type of scam,the scammer will send you a payment that is more than the amount you are owed. They will then ask you to send them a refund for the difference. Once you sen the refund, the original payment will be reversed, and you will be out of the money.

Fake job scams: Scammers will post fake job listings on social media or job boards. They will then ask you to send them money for things like uniforms, training, or background checks. Once you send the money, you will never hear from them again.

Romance scams: Scammers will create fake profiles on dating websites and social media. They will then use these profiles to befriend you and build trust. Once they have gained your trust, they will ask you for money for things like medical bills, travel expenses, or car repairs.

Tech support scams: Scammers will call you and claim to be from a tech company. will then tell you that your computer has a virus or other problem. They will then ask you to give them remote access to your computer so they can "fix" the problem. Once they have access to you computer, they can steal your personal information or install malware.

To protect yourself from P2P scams, it is important to be aware of the different types of scams that exist. You should also be careful about who you send money to and only send money to people you know and trust. If you receive a suspicious email or phone call, you should never give out personal information or financial information. You should also report any suspicious activity to your financial institutio

Here are some additional tips to help you avoid P2P scam

Only use P2P payment apps with strong security features. Look for apps that offer features like two-factor authentication and fraud protection.

Never send money to someone you don't know. If you're not sure who you're sending money, ask for more information before you make the payment. Be suspicious of any requests for that seem

too good to be true. If someone is offering you a large sum of money for something that seems too easy, it's probably a scam.

If you think you've been scammed, report it to your financial institution and the P2P payment app you used. You can also report the scam to the Federal Trade Commission (FTC