Peer to Peer (P2P) payment networks like Zelle, PayPal, and CashApp have taken the world by storm, and “Pay Yourself” scams are a result. Avoiding these scams means knowing one when you see it, and how to navigate safely around it.
These scams are phishing attacks at their foundations, and they typically begin with a scammer impersonating your financial institution. Using email text or phone, their urgent message is about a fraud alert on your account, and they’re here to help. Once you bite, you’ll get a call from the scammer. READ FULL STORY