P2P services were created to be a means of transferring funds from friend to friend and most services clearly state in their policies that their platforms should not be used in business transactions. If you choose to use your cash payment app for a business-related transfer, the P2P service will likely offer no fraud protection or assistance in reclaiming lost funds. Never use a P2P service for business purposes or for a money transfer with someone that you don't personally know. Any time you need to transfer funds to others, payment apps are the way to go. Pay your portion for the Airbnb you’re splitting with family, send your roommate half the rent or reimburse a friend for the money you borrowed. You can pay someone for what you owe, and request and receive money. People are increasingly using these apps because they’re fast, convenient, and easy to set up and use. Peer-to-peer (P2P) cash payment apps let people send and receive money electronically. To see this page properly please use a JavaScript enabled browser. Your browser either does not support JavaScript or you have it turned off. Cash Payment Apps - Members First CU of Florida This page uses JavaScript.
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