One thing you should do after receiving payment via P2P

[Derekfunds]

Good day great Nigerian people, well I don't know and I doubt if there is an already existing thread like this here  but I will love to share this vital information, I have seen thread where people were talking about buyer making incomplete payment just to know or test if the people they are dealing with is a newbie or not and sometimes people who are not even newbie do fall victim that is by the way. What some buyers are doing now in P2P, is running fake transaction and please anyone who is trading via P2P should always endeavor to move the money received from buyer to their other account to know if the transaction is fake or not because if the transaction is fake and you didn't move the money before releasing coin you are doom because you can not use the money. I Have not experienced it myself but a friend of mine has. So we should be very careful when trading with people we don't know because once you have release coin, you already tell the exchange you have received your money and there is nothing they can do about it later unless say your grace choke.

[Charles-Tim]

Do not believe in message but go to the bank app to know if the money has truly been transferred. If it is there, there is no problem. If something like this become a problem, we would have been discussing about it.

[I_Anime]

Good day great Nigerian people, well I don't know and I doubt if there is an already existing thread like this here  but I will love to share this vital information, I have seen thread where people were talking about buyer making incomplete payment just to know or test if the people they are dealing with is a newbie or not and sometimes people who are not even newbie do fall victim that is by the way. What some buyers are doing now in P2P, is running fake transaction and please anyone who is trading via P2P should always endeavor to move the money received from buyer to their other account to know if the transaction is fake or not because if the transaction is fake and you didn't move the money before releasing coin you are doom because you can not use the money. I Have not experienced it myself but a friend of mine has. So we should be very careful when trading with people we don't know because once you have release coin, you already tell the exchange you have received your money and there is nothing they can do about it later unless say your grace choke.

Since day one that what I usually do , I always test out my transactions after the buyer have sent my funds. Recently folks have been complaining about Bybit p2p due to that reason I hardly make use of it whenever am selling large amount of coin , I rather make use of bitget because their strict when comes to p2p , and their customers service are pretty much active .

There’s one certain time my Bybit automatically free my coin without filling the other information after click release I was shocked I just imagine what if the buyer haven’t made payment already, the matter go for long since that day I nor Dey use bitcoin for big transactions.

The other thing I will advice folks is that always look the percentage of the buyer before selling to them , and you can also check the number if successful transaction to just feel safe . And avoid sending your personal information to them .

[Derekfunds]

Do not believe in message but go to the bank app to know if the money has truly been transferred. If it is there, there is no problem. If something like this become a problem, we would have been discussing about it.

Well is not just about going to the bank app to confirm transaction, you can check your bank app and see the money in there but trust me nothing is there perhaps you haven't experienced what I am saying, it will sound like a play or fallacy until you experience what I am saying though I don't wish or pray that to happen to you or anybody but sometimes some people don't believe things until it happens to them.

I have seen where someone went to buy clothes and transferred a huge amount of money and the person selling the clothes confirmed everything but after a while she tried to transfer the money to her account, guess what insufficient fund and the seller luck was that she marked the guy's face and the guy foolishly came back next time and they caught him.

NOTE: water doesn't just start boiling when put on the fire it start from a low temperature to a higher temperature before boiling starts, what I am saying is that you or everybody must not be aware of it until it becomes obvious, sometimes is always like that.

[nelson4lov]

I don't know how true it is but based on what I know, as long as the transaction registers in your bank as a successful credit transaction, you should be good to good. The only instance that I think is similar to the one OP talked about is when p2p merchants send you money and later go ahead to report the transaction as a false one. I haven't experienced either and the way I trade on p2p is I only trade with verified merchants and I'm not greedy for high rates as well. As long as rate is fair, you can always honest dealing merchants to trade with.

[Pablo-wood]

The first thing to check is your balance. I believe everyone who owns a bank account should know approximately how much they had in their bank account before performing any transaction and also how much to expect as balance incase of credit or debit alert. In a case where bank apps isn't accessible or the device doesn't support mobile apps the first point of contact should be the balance.

Don't be in a hurry to confirm payment, always check to be sure, if the device is button phone try to won a debit card and ensure to visit any payment outlet to confirm your transaction before releasing the coin. It is better for a transaction to be in dispute than losing a coin in this hard economy.

[sokani]

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Bro, you do not need to move funds from one account to another in order to find out if the transaction is fake or not. The thing is, don't rely on the screenshot. Whenever you're trading and a buyer sends you a screenshot or you get a notification from the exchange that money has been paid into your account. Always confirm by checking with your bank app. If the your account has been credited, you see the transaction.

[Samlucky O]

Good day great Nigerian people, well I don't know and I doubt if there is an already existing thread like this here  but I will love to share this vital information, I have seen thread where people were talking about buyer making incomplete payment just to know or test if the people they are dealing with is a newbie or not and sometimes people who are not even newbie do fall victim

This part payment system comes in three forms which are

1. mistake of sending part payment due to typo error:
this type of mistakes often happens when a person intend sending a particular amount but due to typo error they type the wrong figure which is just a mistake and not intentional. But when such mistake is made the seller will never agree to the buyer that it's a mistake

2 Intentional part payment for scam. This intentional as the name implies, means a scam attempt to send you an incomplete amount, and failure to check properly will leed to releasing asset why payment is incompletes.

3. Sending part payment due to the maximum limit per day: this type of part payment is usually sent according to the maximum they can send at once. For example if the buyer transfer limit in fia is #50k and the fiat amount to buy is #60k the buyer will send #50k at a go and will instantly send the remaining 10k except network problem will delay it. But most times this type of people are often misinterpreted for scammers.

You didn't even include fake adds. This fake ads will pop up and make you believe it's a real price, and if you are not careful you will place order and the price will immediately change and you will end up receiving lesser payment.

What some buyers are doing now in P2P, is running fake transaction and please anyone who is trading via P2P should always endeavor to move the money received from buyer to their other account to know if the transaction is fake or not

Yeah I could agree with you, but using your mobile banking app will solve that problem because banking app wil detect if it's a fake transfer. I also use opay app as my p2p fiat payment system, whenever deposit is made I received it instantly and confirm. It's only a newbie that would not know about that.

[Makus]

Do not believe in message but go to the bank app to know if the money has truly been transferred. If it is there, there is no problem. If something like this become a problem, we would have been discussing about it.

Well is not just about going to the bank app to confirm transaction, you can check your bank app and see the money in there but trust me nothing is there perhaps you haven't experienced what I am saying, it will sound like a play or fallacy until you experience what I am saying though I don't wish or pray that to happen to you or anybody but sometimes some people don't believe things until it happens to them.

I have seen where someone went to buy clothes and transferred a huge amount of money and the person selling the clothes confirmed everything but after a while she tried to transfer the money to her account, guess what insufficient fund and the seller luck was that she marked the guy's face and the guy foolishly came back next time and they caught him.

NOTE: water doesn't just start boiling when put on the fire it start from a low temperature to a higher temperature before boiling starts, what I am saying is that you or everybody must not be aware of it until it becomes obvious, sometimes is always like that.

I don't think there is any technology like this where one can do a fake alart and it will reflect in your bank app but yet you cannot use the money, this is only common in crypto which is commonly know as crypto flashing, if this was possible in our fiat banks then the news would have been in circulation by now. Just as Charles-Tim said checking your bank app is enough to know if you hav truly received the money or not, if you haven’t there is no need to panic, all you have to do is contact the agent and send proof to your exchange by following the right method to appeal that you haven't received the money yet.

[Fiasem20]

When trading p2p it's wise to be extremely careful with merchants,alot of buyers on centralized exchanges are scammer.One thing to know about a successful p2p transaction is to always confirm payment in your bank app, don't release your coins when you've not been credited in your bank account.Choosing a reputable exchange it's also advisable but it's the responsibility of every seller to look out for the reputation of the buyer.I use bybit,at the bottom of every merchant there's a info about their transactions,in the transaction info you'll get to know a reputable buyer from the percent of he's rating.So what I do is to look out for the transaction info of a merchant before negotiating.

[promise444c5]

~

Maybe it’s a different method used for scamming your friend, confirm from him once again requesting the full detail..
Once a transaction is confirmed, it’s in your wallet and there’s no way it can be automatically reversed  without your concent , in most cases it will be freezed if it’s a large amount mistakenly sent to you and the owner could provide a solid evidence that it was a mistake.
Although, I’ve heard something similar where someone can schedule a transfer then cancel it later(through a feature), I don’t know which of these apps though but it won’t reach the user account in the first place..
Thus , the only thing you need to worry about is fake alert and screenshot , make sure the money is in your wallet, complete and confirmed before releasing anything.

[Cryptoprincess101]

Do not believe in message but go to the bank app to know if the money has truly been transferred. If it is there, there is no problem. If something like this become a problem, we would have been discussing about it.

This is where most people get their problems in p2p transactions, as soon as they receive a message that the amount have been credited, they will rush to release their coins without opening the app to confirm if they amount have been top up to their existing balance. I believe that so far as the money have been confirmed in the app it cannot be reversed again. P2P transactions are not what to be hasty about, it is good to calm down and verify every of our transactions before releasing coins.
     I don't really know how people get scammed in p2p platforms because am always very vigilant whenever am doing a p2p transaction, i don't allow anything to distract me at that particular time.

[SatoPrincess]

I don hear story of scammers sending fake alerts to their victims na why I dey always make sure to check my bank app for my account balance and I go still check my transaction history to see that particular transaction if any dey miss I no dey confirm the p2p trade.

[Ever-young]

Do not believe in message but go to the bank app to know if the money has truly been transferred. If it is there, there is no problem. If something like this become a problem, we would have been discussing about it.

Well is not just about going to the bank app to confirm transaction, you can check your bank app and see the money in there but trust me nothing is there perhaps you haven't experienced what I am saying, it will sound like a play or fallacy until you experience what I am saying though I don't wish or pray that to happen to you or anybody but sometimes some people don't believe things until it happens to them.

Nothing seems to be impossible nowadays for this scammers but it’s very hard for them to penetrate banking app I mean tempering with your bank account statement and history, any money which have reflected in your bank app to me due to trust issues I usually move some part of it but as long as it’s credited I don’t see any issue with that unless in a situation of reported transaction and it will be reversed, which is why some advised against the use of some particular micro finance banks for P2P transactions because of how they could easily be manipulated to the advantage of the buyer.

[Wiwo]

Do not believe in message but go to the bank app to know if the money has truly been transferred. If it is there, there is no problem. If something like this become a problem, we would have been discussing about it.

This charge back issue on some bank is one of the mistakes of fintech companies like palmpay their used to have charge back future on their apps then, this way it allow their customers to be able to cancel and retrieved transactions after some minutes of it performance.

But did not survive for long before it get reported and that features was taking off the platform, since then, i dont think that there are cases like that again in the banking sector, allowing customers to charge back

[BtcAnalyst1]

Good day great Nigerian people, well I don't know and I doubt if there is an already existing thread like this here  but I will love to share this vital information, I have seen thread where people were talking about buyer making incomplete payment just to know or test if the people they are dealing with is a newbie or not and sometimes people who are not even newbie do fall victim that is by the way. What some buyers are doing now in P2P, is running fake transaction and please anyone who is trading via P2P should always endeavor to move the money received from buyer to their other account to know if the transaction is fake or not because if the transaction is fake and you didn't move the money before releasing coin you are doom because you can not use the money. I Have not experienced it myself but a friend of mine has. So we should be very careful when trading with people we don't know because once you have release coin, you already tell the exchange you have received your money and there is nothing they can do about it later unless say your grace choke.

I think this is applicable with those using ussd code method of transfers, otherwise there won't be issues especially if you are using bank Apps, it is far better. In facts, there has not been any issues related to the use of bank Apps transfers during P2P trading.
However, anyone on P2P trading should double check his/her account before you click the release coin button, the instructions is also displayed during p2p trading activities, especially on the Cex exchanges.

[Dzwaafu11]

~snip~

Well is not just about going to the bank app to confirm transaction, you can check your bank app and see the money in there but trust me nothing is there perhaps you haven't experienced what I am saying, it will sound like a play or fallacy until you experience what I am saying though I don't wish or pray that to happen to you or anybody but sometimes some people don't believe things until it happens to them.

No really, even if someone does a fake transfer to you, if you check your bank, you won’t see anything there, and your balance will not increase. It’s only showing your alert, but it’s fake, so if you are using a bank app, your balance won’t increase.

However, when doing P2P, it’s very bad to confirm a transaction because the buyer texted you, but by checking your bank app, you will definitely see whether the money is there or not. So I’m telling you that if someone tries to scam you through that way, if you go to your bank app, you will definitely see, and if the money did not enter your account, your balance won’t increase.

[Davidvictorson]

I don't know how true it is but based on what I know, as long as the transaction registers in your bank as a successful credit transaction, you should be good to good. The only instance that I think is similar to the one OP talked about is when p2p merchants send you money and later go ahead to report the transaction as a false one. I haven't experienced either and the way I trade on p2p is I only trade with verified merchants and I'm not greedy for high rates as well. As long as rate is fair, you can always honest dealing merchants to trade with.

Any P2P merchant who does this knows the implications of it. It is not like some of the them wouldn't have already thought about it, it is just that they know the implications of it. One merchant on one of the P2P platforms clicked on that they have made payments and so I should release coins. I waited for more than thirty minutes to get the payment alert and nothing came. As soon as I told him that I'll report him for trying to scam me, he cancelled the trades. Sometimes sef nor be by being verified. Some of those merchants na just thiefs. So, trust no one there until you see the money for your account.

[Cryptohygenic]

E really dey possible to also poison bank account like the fraudulent practices of sending fake tokens to wallet addresses.
 I only dey familiar of the fake transaction receipt way wey some dey actual come as SMS for the receiver device but the one way go reflect to a bank account even after refreshing your network service dey me strange. But any how I no fit doubt am because the fast forward of scammers these days dey beyond universe imagination.
Make we no also forget to carry such scamming vendor to  the broker reputation make dem sanction am with penalty as deserved

[CryptSafe]

I just stumbled upon this thread now and to be frank, I would have made a terrible mistake last week because of my schedule and engagement.

What happened is this, I was in a haste to sort out something which was timely, already I called a friend for back up but he didn't really assured me but he said he would respond if he succeeded in it so in other not to waste much time  I activated my bybit for transaction funny enough my friend already contacted his friends and they sent in the funds me not knowing that it was coming from him. I almost clicked release funds because on the other end the buyer had clicked paid so I was thinking it was him that made the payment and I already received a pop up alert notification of the exact figures I requested for which was the same amount I placed on sales. 

As I was about to click release funds,  something just came over me to verify before doing such and immediately my friend called in and  asked me if I received the funds his friend sent in and I was cold because I almost was about releasing my coin when the payment wasn't from the buyer. I had to open my bank app to verify and also check the buyer name and it wasn't the same that was how I  stopped immediately, finished what I was doing so I don't run out of time and while doing my own engagement the buyer hasn't paid, it was after I was done I had to PM the buyer again, you can imagine the buyer telling me he forgot that there were lots of transactions he was handling so he thought he has paid my money.

Thank God I didn't hurriedly release the coin as a result of the urgency if not I would have regretted my actions maybe it would have been too late to engage with the buyer explaining myself to him. We just have to be very much careful and conscious whenever we are on transactions so that we do not make any silly mistake. Always verify the transactions before you release your assets and make transfer also to confirm the genuinty of the transaction.