If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.

An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to complain.

While payment apps like Zelle, Venmo, and Cash App make sending money to your friends or for purchases very easy and convenient, Pew Research Center states that about one in 10 people fall victim to payment app scams or hacking.

Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle.

Peer-to-payment apps are fast and convenient, but what if something goes wrong? Consumer Reports says doing this one thing may protect your money from scammers and errors.

New tax laws are changing the way people who use payment apps have to file their taxes.

The seller had asked Rivera to pay $850 using the peer-to-peer payment app Zelle. Because she paid directly with a peer-to-peer payment service, she had no way to recover the money. “Peer-to-peer payment apps aren’t banks and they’re not credit cards, which makes it much harder for consumers to have recourse and get their money back,” said Consumer Reports money editor Octavio Blanco. In an AARP survey of Americans 18 and older, more than half of respondents incorrectly thought they could reclaim money sent in error when using peer-to-peer payment apps. Treat it like cash, and beware of too-good-to-be-true situations.”“Until laws are changed, consumers are going to have to be really careful when they use peer-to-peer payment apps,” Blanca said.