Peer-to-Peer Platforms: Here’s Why They Matter in Divorce

PayPal, Venmo, and Cash App. Peer-to-Peer platforms like these are used every day to handle simple transactions, often between friends, family, and coworkers. You can send money, receive payments, keep a running balance, even download monthly statements.

Sound familiar? That’s because, for all practical purposes, they’re bank accounts. The only difference is the platform.

What lies beneath the casual and informal experience these platforms offer, can be a darker reality.

These peer-to-peer platforms are regulated just like financial institutions. They must adhere to the same transparency and compliance standards, making their records critical pieces of financial information—especially in divorce cases.

When analyzing financials during a divorce, overlooking these platforms can mean missing out on significant details. Whether it’s hidden income, shared expenses, or transfers, these accounts are where we often find suspicious transactions and evidence of misbehavior or deceit.

If you’re navigating a divorce. Take a moment to look at your standard discovery requests with your attorney. Do they include statements from PayPal, Venmo, Cash App, or similar platforms? If not, it’s time to add them. These statements matter, and they can have a major impact on uncovering the full financial story.

Divorce is complex enough without leaving assets and transactions in the shadows. By treating these platforms like the bank accounts they are, you ensure a more comprehensive and equitable financial review.

Don’t miss this step!

If you have questions or concerns about your divorce proceedings, we’re always here to help.

Call us anytime, email info@focusedforensic.com, or submit a contact form and we’ll get back to you right away.