APPLICATION LAYER
PEER TO PEER PARADIGM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Double-check the recipient’s email or phone number before sending the payment
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There is no way to protect yourself against sending payment to the wrong person when using a P2P app or service
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Ask the recipient to send you a payment request
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Use a P2P payment app or service that asks you to confirm the payment before it is sent
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Detailed explanation-1: -Since P2P is the equivalent of giving someone cash, it is extremely important you only send money to someone you know. If you send money to the wrong person, that money is gone. You cannot get it back. Typically, a fraudulent seller will use terms like “act now or you will miss out” or may otherwise come off as pushy.
Detailed explanation-2: -Which of the following statements is correct about using a P2P app or service safely? P2P payments should not be used to send or receive payment from people you do not know.
Detailed explanation-3: -If you mistype a recipient’s email address, phone number or name, the money could go to the wrong person. Double check your recipient’s information before you send a payment. Again, because you’re authorizing transactions yourself, banks and credit unions aren’t responsible for money you send to the wrong person.