00:00so if you're looking to receive money from zell and are kind of skeptical whether
00:04receiving this payment is safe for you or not you learned in the right video so in today's video i
00:09will be explaining whether it is possible and whether it is even safe for you to receive
00:14money through zell from strangers without any further ado let's aim this tutorial
00:26so is there safe to receive money from strangers actually zell is not generally safe to receive
00:32money from strangers and this is because of many reasons including the fact that you aren't required
00:40or recommended to you to receive money from there so let's see why actually you can't receive money
00:46from zell from strangers and also why it is also safe to receive money from strangers on zell
00:52so the main reason why you can't use zell or why you shouldn't receive money from strangers on zell
00:58is because zell recommends that anyone using the service should do business with only people
01:05they know and trust whether it is with users other zell users or even with businesses they need to be
01:12trusted users of zell and this is because dealing with the money transfers to zell are typically instant
01:21and whenever someone sends you a money sends you a payment the money will be sent directly to your
01:28account and you don't actually know the source of those funds if the source are from a fraudulent
01:34transaction your account might get restricted if not in the worst of cases closed and also since zell
01:42has to do with bank accounts your financial institution might as well limit your bank account or even close
01:49it in the worst of cases so it is not always advised to receive money from strangers on zell
01:56so a good scenario explaining why it is always a risk of receiving money from zell is that the stranger
02:01that actually sent you the money might send you the money and actually to send more than the amount
02:06they sent so what they will do in this case is they might threaten you into getting you out into
02:12getting
02:12you to fall for the scam that and those typically say that if you don't refund their money they might
02:20report your account or even do some sort of things to you so when you receive a zell payment always
02:27be
02:27skeptical about it and don't touch it don't touch it just yet okay especially if it is from someone that
02:33you don't know
02:34and as earlier said also another scenario is when the stranger actually uses a stolen
02:40debit card or bank account to send you huge sums of money so since zell transfers are being
02:47monitored by zell and other financial institutions that authorize the payment
02:51so receiving a huge amount of money through zell might put your account into more suspicions and
02:58it might get limited or permanently closed for further investigations so if you receive money from zell
03:05from strangers don't touch the funds you can as well receive report it to your financial institutions
03:11i will be covering more steps that you can take in case you receive money from strangers on zell
03:17so since we've been talking about the bad side of receiving money from strangers on zell but we
03:22haven't discussed the positive vibes of this one so in a case where you receive money from a friend or
03:30a relative that is just looking to surprise you through someone else's zell account they might send you
03:36a zell payment as a gift and in this case you aren't in something to worry about
03:43and it is also safe for you to receive money from strangers on zell in this way if it is
03:49actually
03:49from someone that you know that is looking to surprise you another case is when you receive an
03:54accidental payment that someone mistakenly sent it to your zell payment details and what you want to
04:00do in this case is to be generous enough to return them the money so what you actually do when
04:07you
04:07receive money from strangers on zell so these steps will apply for anyone whether you are
04:13you receive the money for a good purpose or you just mistakenly receive it or if it's even if it
04:19is
04:20related to a fraudulent transaction so to be on the safe side when you receive money from strangers on
04:25zell what you should first do is to block and report the stranger okay don't touch the money that they
04:32send you can just block the sender from sending you more zell transactions and also what you want to do
04:39next is to contact your financial institution reaching out to zell will not help you to zell support will
04:45not help you that much because they'll just act like a middleman between your bank and the sender's
04:51bank so what you should do here is to reach out to your financial institution your bank then informing
04:58them of this transaction they will take the necessary steps required to make sure that the funds are
05:04actually safe for your account and if is that it was receiving a good purpose they should let you know
05:10if it is related to a fraudulent transaction they'll also let you know either way you want to keep them
05:16informed of the transaction just so your account won't suffer the consequences of this transaction
05:24so for your complete understanding i've dropped a resource below for you to get more information on
05:30receiving payments from strangers on sale and always be on the safe side you can check that from the
05:35resources section in the video description so we've come to the end of our video if you found it helpful
05:40don't forget to give it a thumbs up subscribe to my channel and tap the notification bell below to
05:45don't miss any upcoming content from us so i catch you in the next episode
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