Online shopping has become a common trend these days as a result of high-speed internet connections and e-commerce. People nowadays prefer shopping online from the comfort of their homes or offices. Even though this is very convenient, it poses huge risks when you use your credit card or bank details to make payments as online credit card frauds are rising. You need to ensure that your online payments and credit card information are safe and secure before you make any online transaction. Online frauds are rising at an alarming rate and consumers are being deceived of large volumes of money every year. If security measures are not in place, these frauds go undetected. It is very shocking when you realize that someone else has been using your credit card to do purchases without your knowledge and you have to pay for them. Following some simple steps can ensure that your online payments will be safe.
One way is to use payment processors as they protect you from fraud. Processors are akin to bridges that connect the customer and his credit card company so that both parties can check before any transaction is made. If the account has reached the limit, it blocks further transactions. You should also make sure that the website is legitimate before you shop online. Ensure that the website utilizes Secure Socket Layer (SSL) which helps in encrypting personal information when transmitting data from one site to another. A secure website will start with “https” where “s” indicates the website is on a secured server. You could also look out for “lock” icon displayed somewhere on the browser. If you double click on the lock, you can see a valid security certificate for the site. Make sure you read the terms and conditions and the privacy policy provided by the particular merchant. This should give you detailed information regarding the security measures adopted for keeping your personal information secure. It is also better not to disclose your credit card details and other personal information other than to the businesses/merchants that you trust and know well. Make sure they have the encryption protocol in place so that your personal information is encrypted before you make an online payment.
3-D secure is another protocol used widely to secure the online payments made through credit cards. This is an authentication step and requires the user to enter a password to complete an online transaction. This helps a lot in reducing fraudulent online transactions. You should also keep a track of all the online payments you have made. This helps you dispute any fraud or suspicious transaction made using your card. You should also check your credit card and bank balance statements regularly for any suspicious activity. Just following these simple steps will help you keep yourself safe and ensure that you make a secure payment online.
