Is It Safe To Use Credit Cards Online?
Posted at by NReed on category FinanceTime and again, people ask this question. And despite countless proof of the relative safety of online transactions, a lot still choose to veer away from using their charge cards to purchase anything online, citing a good number of stories where online fraud has been committed.
While it is true that scams and fraudulent activities thrive in the Internet, if you look at the transactions that happen online daily, the vast majority of these transactions actually happen without a hitch. In short, the percentage of credit card account transactions that are fraudulent and the number of cardholders that fall prey to Internet scams are far outweighed by the number of happy cardholders that benefit from the use of their cards online.
However, it is understandable that if you become one of the unfortunate ones to fall prey to Internet scams and have their credit card details stolen and used online, the statics will be of little comfort. For this reason, it is important that you protect yourself as much as possible before it even happens, and that you know the steps to take if you do get victimized.
The first thing you should make sure of is to use only your best credit card in terms of online security. Just go to each card’s website and compare the security technologies and protocols they employ. Next, make sure you follow their security advice. This includes the most basic advice including advice on how to keep your password secure, being careful about bogus emails, and keeping your own computer virus and spyware-free.
Once you know that you have these covered, you should now make sure that the online store and websites you deal with are those that are not just reputable, but also have secure sites as well. Using your cards online for purchases shouldn’t be a problem if you do this. Never ever enter your charge card details if you are unsure that the site is not secure, especially if the online vendor has had complaints. Remember, the online scam you can encounter does not always have to do with someone getting hold of your charge card details and using it for fraudulent transactions, but could as easily be just having what you bought not be delivered at all or of a quality much lower than you expected.
If you do fall prey to online scams, and if someone gets hold of your charge card information. Make sure you contact your bank at once so that the card can automatically frozen. You should be covered for fraudulent transactions made after you call in the problem, and in some cases, even made before you call it in.
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