🚨🚨P2P Charge Back Scam Alert 🚨🚨
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⚠️⚠️ Alert: Beware of P2P Chargeback Scams ⚠️⚠️
Recently, there has been an increase in P2P chargeback scams in Africa, particularly in Kenya. Scammers purchase crypto via P2P and use an unrelated third party to transfer funds through a bank. Often, the seller releases the crypto without verifying if the P2P buyer's name matches the bank payee's name. The third party then initiates a chargeback, leading to the seller losing funds.
To avoid such scams:1. Refuse third-party bank payments.2. As a P2P seller, always confirm that the buyer's name matches the payee's name on the bank transfer.3. As a P2P buyer, always use your own bank card for payments.
Following these steps can help ensure safer and smoother P2P transactions.