# Peer-to-Peer Payments

*Banking & Payments — Finicade finance glossary*

Peer-to-peer payments move money directly between individuals through an app, usually instantly. The consumer-protection gap is the thing to know: a payment you authorise, even if you were tricked into it, is generally not reimbursable in the way card fraud is, which is why scammers insist on these apps. Bank-run networks settle into accounts directly, while app balances may not be insured until withdrawn.

**Also known as:** P2P payments, Venmo, Zelle, instant transfer

**Related terms:** [Real-Time Payments](https://finicade.com/glossary/real-time-payments), [Digital Wallet](https://finicade.com/glossary/digital-wallet), [ACH](https://finicade.com/glossary/ach), [Card-Not-Present Fraud](https://finicade.com/glossary/card-not-present-fraud), [Wire Transfer](https://finicade.com/glossary/wire-transfer)

Source: https://finicade.com/glossary/peer-to-peer-payments