Dey cautious of palmpay users for p2p

[Amphenomenon]

I don't know how many of you might have seen this but I will like to bring this to out our notice.
This is a warning from Bybit that means others have fallen victim of it already, so we ought to be guided to avoid being victimised.

With the warning from Bybit, palmpay users being able to delete transaction record means once you send money to them, scammers can delete the transaction information and claimed they had not received it with a proof of not receiving such amount from their 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.

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.  

[Obari]

Messages like this deserve merit but I’m already short of merit and I want to sincerely thank you for bringing a crucial message like this to the community.
P2P transactions are already becoming very risky this days especially with the whole drama going on with exchanges and country restrictions but personally I always tell people make sure they confirm their transactions before releasing their assets and this warning is shown when using most exchanges.

People have to take their safety very personal when using p2p exchanges and if possible, get a good vendor from the exchange and stick to them as this very step will help you stay safer out in the p2p market

[Doan9269]

For those that make use of Bybit exchange, they would have been used to this kind of warnings because i also see something related to this but not as exactly on warning concerning the particular bank involved Palmpay, i don't see anything related from the use of palmpay to the use of p2p for an exchange rendering user on risk for loosing account, though I've seen some users as well on the p2p platforms claiming fake transactions and if you didn't verify well before making confirmation, you will loose your asset for scam, however, concerning the use of banks and the warning on the use of palmpay, i think what applies to one also will comes after the others, we should be careful and security mindful of not being a victim on any target for an attempted attack.

[Odogwu-Blockchain]

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.

[Abbatty]

I make use of Bybit but this is the first time i am seeing this i guess i am lucky for not falling victim. Scammers are just going to any extent just to steal from people and i am surprised how palmpay bank have made this possible, they shouldn’t have made the feature available where a user can delete recent transactions. This will definitely bring disputes among people. It’s a good thing you brought this to our notice here and it’s good that the Bybit exchange made this notice public for every user to see in order to be cautious about transacting with Palmpay users.

[Davidvictorson]

Amphenomenon, I owe you one merit for this. As soon as I get any I'll send to you. You amazing for taking up the initiative to bring this up. It's funny how I have seen this warning a thousand times on ByBit and it hasn't for once occurred to me to bring this to the notice of the community here. Thinking about it now, I'll say it is probably because I use OPAY only for these transactions. However this is very timely. Everyone should take note of this and pay attention to details.

[Justbillywitt]

Messages like this deserve merit but I’m already short of merit and I want to sincerely thank you for bringing a crucial message like this to the community.
P2P transactions are already becoming very risky this days especially with the whole drama going on with exchanges and country restrictions but personally I always tell people make sure they confirm their transactions before releasing their assets and this warning is shown when using most exchanges.

People have to take their safety very personal when using p2p exchanges and if possible, get a good vendor from the exchange and stick to them as this very step will help you stay safer out in the p2p market

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.

You will see some ads that's far above what the current dollar to naira value is and some people will be rushing to do business with these set of people, and most times it turns out that these set of people are scammers. It's good we also consider the successful transaction over higher prices. I don't see any big difference between #1,480 and #1,500. It's best you trade with someone who has been trading for long and has a good trust score of 95% and above, and with a realistic dollar to naira price than fall victim to someone who is offering a higher price.

I saw this warning in Bybit the other day when I was trading, and ever since then I have been avoiding people who use Palm pay account, not only in P2p trading alone but also in other aspects of business transactions. Even if I go to buy something for shop and na Palm pay account dem give me, I dey request for another account, I no wan her stories. Make we no just keep this thing to ourselves, make we try tell our family members, wey no dey do crypto but are in financial dealings out there, make dem no go fall victim of this things. No be only crypto traders wey dey use Palm pay and scam is not just limited to crypto P2P alone. These scammers dey everywhere for our country.

[Yucky]

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.

When you're too cautious of getting the best rate you end up endangering yourself to falling into scammers' hands. But why should Palmpay allow customers to delete transaction history in the first place when they know that it's always a normal thing to have multiple transaction issues that can easily be sorted out should it remain on the person's dashboard?

Some of these developers don't understand that users are the lifeline of their business and as long as they no longer feel comfortable with the app, it's way easy to get an alternative source in a split second.

[CryptopreneurBrainboss]

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.

[EL MOHA]

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.

This Palmpay of a issue na something wey dem just Dey get issue with tey tey, I remember one time Wey something like schedule payment Dey the app, person go use the thing send you money and the receipt go Dey well, and na schedule transactions wey be say till him get money wey be say till the person put money na him the payment go come. As we all know the scammers will never send money to that account to complete schedule. If someone doesn’t get this information forehand they easily fall victim of such cases. I think this is the same thing here

[Egii Nna]

All these issues are from PalmPay because I once heard something like schedule transfers where they will send you a fake alert and you will see the money sent to you, but after the time that the place is set as the schedule, the money will be nowhere to be found, and now they allow people to delete their transaction history. All I will say is that this is a plampay of a This is just to support the scammers and make all of this an advantage to them so that they will be able to reach as many people as they can. If not, what is the use of creating all these futures in a bank app when they know that banks are known for keeping authentic records so that, in any situation, they will most likely be a reference and evidence.
 
So thanks, OP, for the scam update. We will take it into consideration so that we should not be victims of any of these scammers because they are very intelligent. We just have to be so careful to stay away from them. If not, only God will save you from them. 

[nelson4lov]

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.

Metrics like:

• Trades taken and how many were actually compared
• Good old reviews/feedback.

[Charles-Tim]

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.

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.

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.

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.

The last time I had an issue like 2 weeks ago when the buyer did not release the coin, their customer care was very fast and demanded for video recording of the transaction which I provided and I do not think it takes 30 seconds when they release the coin for me.

I do not see any problem on Palmpay. You can not delete any transaction on Palmpay by yourself.

[AVE5]

Thanks for sharing Op this is a scamming warning from Bybit exchange on users using Palmpay for p2p transaction and doesn't mean the security chain of the Bybit exchange is broken. So, this exercise also occurs with other exchanges and not just ByBit.
It is also necessary to be observant with other Fintech companies this trick seems to be an update possibly to be executed in transacting with the micro banks. Maybe only Palmpay has been revealed yet.
But why we must take a cover up with users who might erase of their transaction histories, let's keep our prove of payments intact without being deleted until it's verified to safe us from such denial not to had received payment yet.

[Hatchy]

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.  

Guy, na sharp update be this Sha. And normally I don always dey see this warning for exchange about palmpay but no really dey take time read watin e be. Na we for that bank o. Why Dem go dey let people delete transaction history. Them only dey cause problem for Dem self as people go dey run from their bank. I no first like Palmpay and I no dey use Dem service. I prefer opay to palmpay because e dey easier though Dem get similar service. But if people dey fit delete Dem transaction history dat one na correct red flag. And transaction are supposed to have a statement of account which on these mobile banks are transactions history.

[DiMarxist]

Thanks for this good information, and I dey thanks God say I no dey use Palmpay. And as you talk am say we should be careful, na so we need to because before we know now those scammers go enter other exchanges and do di same thing so di best way na to use commercial banks sef and not online banks.
But problem with commercial banks na di network wahala, one go send di money for more than 10 minutes you never received alert so how you want take release di coins, but online fintech Banks e dey very fast. Nai make people dey use am. Op thank for di information.

Those wey dey report my comments continue let di moderator dey delete.

[Franctoshi]

Messages like this deserve merit but I’m already short of merit and I want to sincerely thank you for bringing a crucial message like this to the community.
P2P transactions are already becoming very risky this days especially with the whole drama going on with exchanges and country restrictions but personally I always tell people make sure they confirm their transactions before releasing their assets and this warning is shown when using most exchanges.

People have to take their safety very personal when using p2p exchanges and if possible, get a good vendor from the exchange and stick to them as this very step will help you stay safer out in the p2p market

I use kuda Bank for my crypto transactions, and even when I have received the funds in my kuda bank App, because I have also heard some sort of scam related cases with the App too, so when I received funds ,I even go far in as much as sending it out to other banks to ensure that it's not a flashed credit alert, Whereas since I saw this notice on Bybit I totally no longer accept transactions with people that are using this palmpay to avoid issues that would cause me to loosing my funds in this economic hard situation of the country, so for me these are the little measures I do take before I call it a successful transaction and before buying or releasing coins to anyone.

[Agbe]

Thanks for the information though whenever I open di app I dey see this information before and many people when dem see dis kind notification den no get time to read and all what they want is to sell their coins and leave. So with dis information here many people consciousness will be alert to read such information. I have stopped using it since 2023 January because they deducted my #1500 without my notice and when I contacted them to complain but they no give me better explanation so dat one come made me angry to stopped using their nonsense bank. And for now I dey use opay and I never get that kind experience. And I also agree with CryptopreneurBrainboss, because if to shey palmpay server e dey well secure those scammers for no fit di dat kind thing. So di issue na from palmpay. And make una no dey use am again.

[Obari]

Messages like this deserve merit but I’m already short of merit and I want to sincerely thank you for bringing a crucial message like this to the community.
P2P transactions are already becoming very risky this days especially with the whole drama going on with exchanges and country restrictions but personally I always tell people make sure they confirm their transactions before releasing their assets and this warning is shown when using most exchanges.

People have to take their safety very personal when using p2p exchanges and if possible, get a good vendor from the exchange and stick to them as this very step will help you stay safer out in the p2p market

I use kuda Bank for my crypto transactions, and even when I have received the funds in my kuda bank App, because I have also heard some sort of scam related cases with the App too, so when I received funds ,I even go far in as much as sending it out to other banks to ensure that it's not a flashed credit alert, Whereas since I saw this notice on Bybit I totally no longer accept transactions with people that are using this palmpay to avoid issues that would cause me to loosing my funds in this economic hard situation of the country, so for me these are the little measures I do take before I call it a successful transaction and before buying or releasing coins to anyone.

This palmpay suppose don Dey see all these warnings and update and suppose don Dey do something very serious about it else them go just varnish out of market and dem go Dey think say na play matter.
Normally I don learn a lot of things from this the scam wey I been fall victim of for paxful and that very scam that year don really keep me alert and as e be like this, now I no really think say i fit easily fall for any of this cheap scams but one thing I use trust nija be say, them no Dey carry last for this street hustle and just as time the evolve, na so these scammers Dey improve and as a common man, we suppose to Dey try out best to stay updated with the updates of security and scam in the industry because the moment you fall victim, no body go Dey actually held for the mistake.

Kuda needs to wake up and try to enhance their bank security else this things go just shut them out of market.

[Igebotz]

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.