Maskot | Maskot | Getty ImagesApps are 'convenient,' but woes can be 'difficult to fix'Peer-to-peer payment apps, also known as P2P apps, are widely in use throughout the U.S.
Teresa Murray, a consumer watchdog at the U.S. Public Interest Research Group, urges caution when using P2P apps.
"There are real consequences if something goes wrong," she said.
watch now"People use these P2P apps because they're convenient and they're easy," Murray said.
Talk to your teens about moneyAs your teen learns about budgeting and payment apps, experts urge parents, it's important to discuss these topics with them at home.
Persons:
Teresa Murray, PIRG, Murray, LendingTree, scammers, Desiree Kaul
Organizations:
Maskot, Getty, Consumer Reports, U.S . Public Interest Research, Consumer Financial, PayPal, CNBC
Locations:
U.S, Satellite Beach , Florida