P2P Friends and Family

How to Safely Use P2P Payments: Tips for Avoiding Fraud and Scams

Keep it between friends and family

P2P Safety

Peer-to-peer (P2P) payments are all the rage right now. You probably pay friends and family with one now.  Apps like Venmo and Zelle make it easy to send money to friends and family with just a few taps on your phone. Before you start using these apps to pay for everything, there are a few things you need to know about avoiding fraud and scams. In this blog post, we will discuss some tips so you can safely use P2P payments!

Friends and Family!

When using P2P payments, you should only pay people that you know and trust. These types of apps were not intended for purchasing from unknown individuals. If someone you don’t know asks you to pay them via P2P, be sure to do your research first. There are many scams out there where criminals will pose as a friend or family member in need of money. If you’re not sure whether or not the person is who they say they are, don’t send them any money!

When do I get my Money?

Some P2P payments are not instant. Depending on the app you’re using, it may take a few days for the money to show up in the other person’s account. So if you’re expecting someone to pay you back right away, make sure you check with them first to see if their P2P payment has gone through. Always verify the recipients information before sending any P2P payments, you may not be able to get your funds back if you accidentally enter the wrong information.

Keep it between Friends.

When purchase something from a stranger, say a couch or products through the mail. Do not use P2P for payment as you want to be sure you get your purchase. If something goes wrong, you may not be able to get your money back if it was sent through P2P.


P2P payments are also not always free. Some P2P apps may charge a fee for sending or receiving money. Be sure to factor that in when payments are sent or requested.

CSCU and Zelle

CSCU has integrated Zelle right into our mobile app for your safety and convenience. Remember, keep these payments between friends and family and never give your access information or logins to a stranger and CSCU will not ask for your login information over the phone.