[dcan]

I think you misunderstand the whole concept of P2P payment apps - it’s meant to be digital cash and replace physical money.

Credit cards can afford to protect you from fraud because of the high level of trust between companies and the point of sales - too many fraudulent purchases and they stop accepting the transactions. Not to mention the fees they charge to both the purchasers and sellers!

If you get scammed with a debit card, cash, or a P2P app, that’s a matter for small claims courts, and if you’re lucky, maybe the police will charge them with a crime. But the risk is on the individual, and that’s a feature, not a bug.

[daft_pink]

Do you generally carry up to $500k in cash with you every day? A level that most corporations would consider high enough to use an armed guard with an armored car?

This is exactly my point. The bank gives you a login. Claims the design of the product is your responsibility for everything and you have to protect your login and then washes their hands of any responsibility.