Jamoflondon
Verified member
Peer to peer trading is a trade that happens between two traders on a particular platform, you have to know that this really associates some risks which are liable to happen because you it is someone you do not see or know so for this reason, anything negative can easily happen, these are some of the obstacles that are likely to befall a peer to peer trader,
1. Being scammed
2. Getting into debts
1. Being scammed: One of the things that might happen is this, and what could actually cause it is when you decide to make a trade with someone you do not really know and the worst part of it is that, you went ahead to do it without any escrow, it simply means that you are open to being cheated, you have to make sure you make your trades on sites that will provide you with an escrow and do not let the other trader convince you that you can trust him so that you would not need to make use of an escrow, you should know that such person has an hidden age fee to defraud you, if you ask me.
2. Getting into debts: This really happens sometimes because most of vendors you see online do not really make use of their money to trade, some borrowed the money from some place to run the business and if they scammed, they will be in debt.
1. Being scammed
2. Getting into debts
1. Being scammed: One of the things that might happen is this, and what could actually cause it is when you decide to make a trade with someone you do not really know and the worst part of it is that, you went ahead to do it without any escrow, it simply means that you are open to being cheated, you have to make sure you make your trades on sites that will provide you with an escrow and do not let the other trader convince you that you can trust him so that you would not need to make use of an escrow, you should know that such person has an hidden age fee to defraud you, if you ask me.
2. Getting into debts: This really happens sometimes because most of vendors you see online do not really make use of their money to trade, some borrowed the money from some place to run the business and if they scammed, they will be in debt.