Be mindful of how you send people money!

[Susie]

We’ve talked about how sending money through Paypal’s “Friends and Family” offers no protection for when a purchase goes wrong, however some may not be aware that when money is sent via a moblie payment app such as Cash App, Zelle, or Venmo, it isn’t FDIC insured. This means that you don’t have access to any buyer protection programs. Be mindful of how you send payments! Especially when buying something from someone who is unknown to you. Be safe out there!

[Author]

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