What College Students Need to Know About Payment Apps

Thanks to peer-to-peer payment programs like Venmo, PayPal, and Cash App, sending money to friends has never been simpler for university students. But that pleasure poses risks, including risk to errors, scams and the tendency to spend.
Pay software can increase financial stress as a result of the young people learning to manage their finances on their own. ” Peer- to- friend settlement programs are dollars on steroids because they’re a grass stuck into your bank account”, says Anne Lester, artist of” Your Best Financial Life”.
Not only does that produce paying easier and more “frictionless”, Lester explains, but it also means “if you respect the bad person, then you’re in big trouble”, because it can be difficult or impossible to get the cash again….

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