![]() Never send money to someone you don’t know.Let’s quickly look at five tips to avoid being scammed… While you can’t completely avoid being scammed, there are steps you can take to minimize your chances. Zelle is still fairly new having been created in 2017 by Early Warning Services (EWS). READ MORE: Zelle Forecasted to Soon Be Most Popular P2P Payments App, But Can It Help Your Business?.Additionally, staying informed about potential scams and practicing safe online financial habits can further reduce the likelihood of being scammed when using Zelle for money transfers. To minimize the risk of falling victim to a scam, it is advisable to limit Zelle usage to smaller transactions, typically involving a few hundred dollars. Credit unions often offer protection to their members in such situations, providing an additional layer of security. In cases involving significant sums of money, the potential for scams increases, so it’s essential to exercise caution and be aware of common scams. Generally, the ease of falling victim to a scam through Zelle depends on the specific circumstances of the transaction, the trustworthiness of the parties involved, and the precautions taken. Getting scammed while using Zelle to transfer money can vary in terms of ease, depending on several factors. ![]() How Easy Is It to Get Scammed When Using Zelle for Money Transfers?
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