Sometimes in April this year a friend bank account was frozen due to non-legal funds.
I had done due diligence to check what really happened. During my checking I noticed he had a #P2PScam transactions with merchant with a low trade rate .
Exactly while a wrote this article, I will consistently advice people who is transacting or will do transactions on P2P to kindly read through the #Binance merchant profile searching for number of trades completed and the general rating both in percentage
A merchant with a #trade rate lower than 60% trade rate is not really a good deal to me . Another thing to do is check if the merchant is a verified merchant.
The aftermath is not easy as you may fall into depression depending on the value of your funds.
In my friend case the merchant have had a fraud case prior to their transaction at P2P. My friend bank account was frozen due to funds he received from the the merchant.
The #bank informed my friend that someone had committed fraud, resulting in all transactions stopped. To avoid this, avoid transactions with individuals with less than 50% trades and a completion rate of 90%.
Always check the merchant profile before making any transactions @p2p
Do you have any P2P scam issues, free to drop at the comments 👇
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