Before signing up for any P2P service, make sure you read its fraud protection rules. You’ll discover that you have few, if any, fraud protections with some of these services. You should never use these services to transfer money in commercial transactions; only use them for personal, small transfers to people you know and trust. To protect yourself, use dual-factor authentication, if provided (such as a confirmation call to a cell phone number or message to an email address), which will notify only you of the intended transaction.
