Dey cautious of palmpay users for p2p

[Richbased]

This one na very good update you bring so OP because literally, any banking platforms wey dey support deletions of transactions history will become very fraudulent and controversial for scammers to dey use and for some of this exchanges their p2p platforms don dey shake too much wey e be say if person no dey vigilant enough na so you go just fall yakata for all this p2p scam methodology so make people dey careful for all this exchange platforms now because e go bad say person lose his hard earned money to scammers just because of negligence because this one no be ignorance again since the info. don reach your door step so the major cause of falling victim to this kind things na total negligence because you know go see something wey go give you problems den you disregard say nothing go happen but when e happen now you go dey find who go help you wen e don already dey late.

However, I thank BYBIT for this quick notification to p2p traders even though some persons must have fallen victim but with this notification it will prevent more people from falling victim.

[DaNNy001]

Thanks for the update man

well personally I have since avoided the use of bybit exchange since because of the stupid behavior of most of their vendor's and seeing this am not surprised because I have had countless issues with many P2P vendors when was trading through bybit. Well for the scammers that are manouver the palmpay system I think the Fintech bank should find a way to solve the issues because the scammers could extend this cheat to other exchanges.

[Amphenomenon]

You know why most people are getting into troubles in the P2P is that they are chasing higher price, without even considering the safety of their transaction. Once they see an advertiser with a high price they will fall for it without even considering the person trust score and how many successful trades they have carried out. With Binance, Okx, and Kucoin P2P gone for now, all the scammers are now focusing on Bybit, not that they are not in other platform but bybit own is getting too much.

This is really one common thing to be cautious about when doing p2p especially with local vendors, this is not about high fee but from the fact that this scammers can pick a normal rate and then find a way to manipulate the receipt and claim they have paid you or maybe even say they didn`t received your payment, with proof of fake transaction history.

I also saw something about palmpay users being able to reverse transaction and so we ought to be cautious or avoid others using it, this was from a crypto WhatsApp group.

Before you can reverse a transaction that you send to someone, you will have to contact the person that you mistakenly sent the money to or finally get the police involved.

And this will still be seen on the transaction history though contacting police is not the only way most times the bank of the person who should do the reversal may do it themself or contact such person depending how complex is the issue

I don`t really know how scammers are being able to do this with palmpay but if this warning is coming from Bybit then we need to be cautious of palmpay users during p2p not just in Bybit but other exchanges and general in other business.  

You know how scammers can be very tricky. It may not be real. I noticed the last issue I had on Bybit, I was told to do video of the transaction and not just the image payment proves (receipt). After I uploaded the video, the money was released for me almost immediately.

They are not the only ones doing this though, requesting of video of your transaction bitget also do this, I have even experienced it.

I think the problem is from Palmpay because I no understand how dem go dey allow people dey delete their transactions history but e no go too worry you if you get proof say you dun pay them and you dun generate receipts to send to support if you find yourself for this wahala.

I did not know how that happened but likely scammers could have seen ways to manipulate receipts but I just do not know. I guess Bybit get something wrong about that. You can not delete receipt on Palmpay. It is not possible unless you inform the customer care. I do not think the customer care can do something like that unless you have a valid reason you want to do that. Contacting the customer care will take time and responding to your request will also take time. I do not have any bank to avoid and I have nothing to lose if I follow the rules of P2P.

Bybit will now only likely ask for video of the transaction.

I think these scammers might be manipulating something because even the customer service at palmpay claim this is not possible.
There is a way that even with the video of transaction the exchange service may not be able to help, like my recent experience doing p2p this past week at bitget, I think may create a thread about it later for everyone to see and learn, the buyer claim to have transferred to me but i did not received it then i couldn`t released the coin even after an image proof especially from the fact that the buyer used Palmpay, then I told her about the warning about palmpay  scammers thinking she was one but she opt to raise a dispute which i supported, were the customer service required us to make a video of our transaction and  everything was good on both side especially from the fact that she had been using it for p2p over the day before our transaction.

The customer service couldn`t find any red flag from both of us and simply say we should find a way to sort it since both proof were legit but when did call me after this to askif it later came, I just had a thought of checking my palmpay where I saw the money whereas I supposed to send to my Opay while I don`t  even use the Palmpay but already an account with that number.
I made her known are error and finally released the coin for her.

Bybit has been putting up that warning a while because a lot of users started acting fraudulently on their P2P platform which was part of the reason most p2p platforms preferred OKX, Kucoin, Binance over Bybit because if we're being honest, their customer support is very shitty and any fraudulent user can easily run away with your money and Bybit CS won't do anything about it. The best way to avoid  the issue is just to avoid palmpay but if you still go ahead to trade, the palmpay user on the other side of the trade should be reputable enough. A quick look at their profile will provide this information.

Those jerks released my coins without my permission two days ago. To summarise, I had a pending transaction around 1 a.m., the vendor clicked "paid," left me a couple of messages, and went to bed without making payment. I couldn't contact him, so I made another transaction and left that one because I needed image and video evidence to raise a dispute, so I ignored the whole process. When I woke up in the morning, my coin had already been released, after the vendor made payment

I've been in similar situations on Binance and OKX and the whole dispute took us more than 48hrs because it's a sensitive situation that requires more verification process. I don't know if Bybit being fast is good or bad idea.

I believed this is depending on how complex the issue is because last week were I needed customer service intervention it only  took some hours not even up to 4hrs.

[nelson4lov]

~Snipped

Those jerks released my coins without my permission two days ago. To summarise, I had a pending transaction around 1 a.m., the vendor clicked "paid," left me a couple of messages, and went to bed without making payment. I couldn't contact him, so I made another transaction and left that one because I needed image and video evidence to raise a dispute, so I ignored the whole process. When I woke up in the morning, my coin had already been released, after the vendor made payment

I've been in similar situations on Binance and OKX and the whole dispute took us more than 48hrs because it's a sensitive situation that requires more verification process. I don't know if Bybit being fast is good or bad idea.

Sorry about your experience, Igebotz. Bybit has always been known to release funds without explicit permission from their users. I have personally not experienced it before but from my observations, they only tend to do that if the person at the other end of the trade has provided sufficient proof and you are MIA. But I still think that it is wrong because if any buyer can provide a real enough evidence, they can make away with the money with a fake proof. It shouldn't be allowed to happen in the first place.

[Igebotz]

Sorry about your experience, Igebotz. Bybit has always been known to release funds without explicit permission from their users. I have personally not experienced it before but from my observations, they only tend to do that if the person at the other end of the trade has provided sufficient proof and you are MIA. But I still think that it is wrong because if any buyer can provide a real enough evidence, they can make away with the money with a fake proof. It shouldn't be allowed to happen in the first place.

Now I see why most people label Bybit P2P marketplace as scammer capital because the CS are vulnerable and just require proof of payment from one party to release assets; they did not even make an effort to contact the other party; they simply act on payment proof and execute actions.

Some vendors are so annoying, my plan was to retain the assets until the rate drop so that the next time they know how to pay on time rather than when they feel like it.

[sotelorene]

Thanks for the info though the first place, I never dealt on Bybit exchange but wetin dey make people fall victim of p2p scam na greediness, scammer dey mostly set high prices where greedy people dey fall well well because them want sell get better money.

Stay informed guys and be cautious always.

Na true say greed dey make people enter inside pot of soup but no be everytime cause this particular one dude, if you no dey aware you go fall whether greed or no greed, just imagine person wey never see or dey aware of this update and something come sup like this, definitely the person will be confused and because you are not informed you will just feel it's a normal thing though someone who has gone far I mean deep into this P2P will definitely sense that something is wrong somewhere. However, we shouldn't just be cautious about P2P alone but rather we should be cautious about anything investment we are doing  cause scammers are always improving everyday  both online and offline.

[I_Anime]

I don`t really know how scammers are being able to do this with palmpay but if this warning is coming from Bybit then we need to be cautious of palmpay users during p2p not just in Bybit but other exchanges and general in other business. 

I think the problem is from Palmpay because I no understand how dem go dey allow people dey delete their transactions history but e no go too worry you if you get proof say you dun pay them and you dun generate receipts to send to support if you find yourself for this wahala. Bad eggs go just dey spoil everything wey dey put food for man table. Why you go wan scam when you fit hustle well invest for Bitcoin and they cashout steady. Na all this yahoo boys dey vex me pass because no be say dem go use the money do better things na only to dey carry OS and they use am oppress their fellow man dem sabi.

For people wey dey use any cex p2p exchange wey still they allow Naira trading pairs, make dis one be warning to you and also for men wey dey use dex P2P because this one no be exchange problem but that of the bank. To solve this wahala we fit dey report to Palmpay customer service make dem remove that deleting features from their app make boys no dey use am scam people.

Exactly, why will they add such features. The funny thing nah say nor be only crypto space dem go fit use this stuff do bad ohh , even people with normal business outside this space still need to day careful still ohh .like me now Amy body wey dey use palmpay for p2p I dey run from dem. I nor say normally some of those palmpay users good but still men still dey inside wey go use that stuff fir fraudulent act .

Most people nor wan hustle their own nah to dey find new means to tey dey defraud people. You go hear different format youself go weak. For me nothing sweet pass money wey you legitly get. Because nah form of encouragement say weting I learn Those days wey men dey laugh me say I dey waste my time, nah that knowledge I con tey dey earn for this space and God dun use am bless me , as I get I jejely invest for bitcoin, Because the plan nah to get better portion of bitcoin before e surge.

[Makus]

This people dem no dey gree change, anyway for this case Na palmpay i blame because Wattin go make dem allow their users to dey temper with transaction history? That Na information wey go also stand as reminder and proof of payment. All this boys make dem try rest, if them use all the time wey dem take brainstorm to make this rubbish take think on better wey of earning dem go fit come up with good idea instead of to dey thief other people money. Op thank you very much for this wonderful thread, person don learn another new trick, make we for adjust dealings with all this exchanges because Na there the hackers and scammers for crypto many pass.

[DubemIfedigbo001]

Is this a loophole created by Palm pay to frustrate crypto trading?, because if this is an ordinary programming error, it would've been fixed long time ago. Leaving it to linger very much long enough for multiple people to get scammed depicts intentional act.  Its damaging their reputation and reduced patronage.

Normally, they  must've heard about it early enough. They ought to have suspended services, gone for maintenance and fixed this before it gets so noticeable, but I think they are too slow to respond to customers pains and its very bad for business.

[Mr.suevie]

Sorry about your experience, Igebotz. Bybit has always been known to release funds without explicit permission from their users. I have personally not experienced it before but from my observations, they only tend to do that if the person at the other end of the trade has provided sufficient proof and you are MIA. But I still think that it is wrong because if any buyer can provide a real enough evidence, they can make away with the money with a fake proof. It shouldn't be allowed to happen in the first place.

Now I see why most people label Bybit P2P marketplace as scammer capital because the CS are vulnerable and just require proof of payment from one party to release assets; they did not even make an effort to contact the other party; they simply act on payment proof and execute actions.

Some vendors are so annoying, my plan was to retain the assets until the rate drop so that the next time they know how to pay on time rather than when they feel like it.

Lol 😂 but even at that it's still a two way thing because their is no certainty that the rate will drop sometimes it might go the other way. But that's the truth about this bybit exchange almost all the vendors there are crazy and like pissing off someone, sometimes all of them are offline or the moment you book a trade the vendor goes off and maybe you need it urgent and cancel the trade then you will just be disappointed.

[CryptSafe]

My friend have called my attention to this pop when ever he wants to trade with bybit exchange. I think there must have been complaints of this nature before the exchange put up such warning to members to take caution.

I was wondering how this micro finance Bank could grant their customers the avenue to reverse or delete their transactions which is not normal. Do they not know that such am act could warrant more nefarious act by scammers. Imagine after review payment and you release coin and all of a sudden you realise you can not access your own money as a result of the buyers action. It is very absurd and annoying though.

Bybit could ban the use of the above microfinance bank  as captured in the OP for transaction so as to further stop any loss by member. I think currently this is the only way out while waiting for the bank to act upon it.

[Su-asa]

This people dem no dey gree change, anyway for this case Na palmpay i blame because Wattin go make dem allow their users to dey temper with transaction history? That Na information wey go also stand as reminder and proof of payment. All this boys make dem try rest, if them use all the time wey dem take brainstorm to make this rubbish take think on better wey of earning dem go fit come up with good idea instead of to dey thief other people money. Op thank you very much for this wonderful thread, person don learn another new trick, make we for adjust dealings with all this exchanges because Na there the hackers and scammers for crypto many pass.

Some days back a guy was cought and dealt with because he did a fake transfer to a little girl who is doing POS at the road sid, and unlucky for him, he was caught. The beating was too much though but he deserves it because those are the kind of people that spoils the names of their families.
However, why I said that is because the people have been using this palm pay app to do a lot of bad things. I am not surprised to hear this because any MFB scammers are using to do fake transfer can also be used to do some other scam activities, deleting of transactions is not too big for a scammer to do, if they can do fake transactions.
Some of the well known exchanges that most of this things weren't happening have disabled p2p from their platforms and the only ones that Bitcoiners are managing to exchange their cryptos are filled with scammers (when will all this stop?).

[Amphenomenon]

Some of the well known exchanges that most of this things weren't happening have disabled p2p from their platforms and the only ones that Bitcoiners are managing to exchange their cryptos are filled with scammers (when will all this stop?).

Unfortunately Scammers will continue to loom everywhere, we just have to be cautious ironically they have always been many but at that time where spread across various CEX offering p2p but now that majority of the top one have closed service, they have become saturated in the few remaining.
Don't forget scammers are innovative and creative, that's why we also have to be cautious and stay updated on their new scheme's in order not to fall victim or anyone closed to us.

[Jaycoinz]

Some of the well known exchanges that most of this things weren't happening have disabled p2p from their platforms and the only ones that Bitcoiners are managing to exchange their cryptos are filled with scammers (when will all this stop?).

Unfortunately Scammers will continue to loom everywhere, we just have to be cautious ironically they have always been many but at that time where spread across various CEX offering p2p but now that majority of the top one have closed service, they have become saturated in the few remaining.
Don't forget scammers are innovative and creative, that's why we also have to be cautious and stay updated on their new scheme's in order not to fall victim or anyone closed to us.

scam na something wey we no fit control or even stop am for the society because na everyday na these things and people dey look for ways to get the best of us . The only thing wey person fit do like you don already talk na to stay updated and dey very careful and cautious make we no go fall victim of these scams.