In this modern age of the internet, all of us are living an easier and more convenient life. That is because everything is online nowadays.
Don’t you agree?
Want to find out about something specific? Search on Google! Need to read the newspaper? Find one online! Have to shop for something? Online stores have everything you need.
Play games? Online! Need entertainment? From social media to streaming services online, everything is entertainment these days.
So why should money transactions not be online? Of course, it is!
But the question you need answered is, which of the following safety and privacy features is not included in a P2P app or service?
I will tell you the answer and more!
Which of the Following Safety and Privacy Features Is Not Included in a P2P App or Service?
So many people are asking the same question. Precisely which of the following safety and privacy features is not included in a P2P app or service?
Is the answer:
- Use a PIN to access your P2P app or service
- The non-inclusion of Representative call for confirming payments over $100
- Sent payments are final; you will need to ask for it back from the person you sent it to accidentally.
- The FDIC/NCUA only protects money that is being held in a financial institution’s accounts, not when it is transferred.
And the correct answer to this specific question would be b) The non-inclusion of Representative call for confirming payments over $100.
Unequivocally, this is what is not included in a P2P app or service regarding safety and privacy features.
How to Ensure Safety When Using P2P Apps and Services
Peer-to-peer or P2P money transfer services or applications are what make it so much easy and convenient to make your payments online.
And even though these apps and services have their own set of rules and regulations to keep you safe and secure, you still might get caught up in a scam.
Many scams out there!
Scams like fake SMS or proof of payment, man-in-the-middle attacks, chargeback fraud, triangulation scams, and many more can become a risk for you.
But there are ways you can keep yourself safe and protected against these scams. Let me tell you what to do:
- Help of a Friend: When you want to make a payment or transfer your money through a P2P app or service, it is best if you do it with your family and friends. You will already know them personally, and they will have given you their information and user ID personally. So it makes it safer!
- Security Settings: You should also enable some security settings if you can. See if your account setting has the option for activating any security measures. The best kinds of security measures are, using a PIN, multi-factor authentication, or fingerprint recognition, like Touch ID.
- Don’t Share Your Personal Information: Needless to say, the world is full of opportunists who can easily take advantage of your personal information. So you always need to make sure you don’t share them, even accidentally. And don’t even do it with someone you know. Things like your card numbers, login credentials, and any other kind of sensitive information should always remain accessible only to you.
However, if you do ever get scammed, report it to your P2P app or service operator and ask the transaction to get reversed straight away.
If you are looking for the answer to the question of which of the following safety and privacy features is not included in a P2P app or service, you should know that it is the non-inclusion of Representative call for confirming payments over $100.