Online transactions are always done very easily, it saves time and money. With the help of online transactions, we don’t have to stand in a queue to make payments or buy tickets, all you need is a Computer or Smartphone, internet connection and your account information. With that, the payment will be done easy and successfully.
With its ease of use, the main serious problem everyone is facing these days is the safety of their financial information. Although, most forms of online transaction are relatively secure but there’s always the potential for problems. Without taking the necessary precautions, your customer’s payment information can be compromised and complications can ensue. That’s why it’s so important to understand the fundamentals of keeping online transactions secure. Meanwhile, this article is geared to safety of online transactions.
Below are Safety Tips for Online Transactions;
1. Never Use Phishing Sites;
Beware of phishing sites, always check the certificate of the sites before or when making any online transaction. In addition, certificates are represented in 4 colours. Below are the 4 colours with what each represent or means.
Red Colour; this means that the certificate is out of date, in other words, it’s invalid or has an error.
Yellow Colour; this means that the authenticity of the certification authority that issued it cannot be verified. It might show a problem with the certification authority’s website.
White Colour; this represent that the certificate has normal validation, in addition, it means that the communication between your browser and the website is encrypted.
Green Colour; this represent that the certificate uses an extended validation, in other words, the communication between your browser and website is encrypted and the certification authority has confirmed the website is owned and/or operated by a business that is legally organised under the jurisdiction shown in the certificate as well as the security status bar.
Always make online payments through trusted websites only, never give your password on an untrustworthy site, make sure you are paying through a secured gateway or through a trustworthy online transaction site.
3. Track Your Transactions;
Always keep record of your account statement, when, where and how many transactions have been done as well as where your credit card has been used. If you find any false transactions in your account statement, report it to your bank and lodge a complaint as soon as possible.
Always use sites with secured connection when making an online transaction i.e use “https://” instead of “http://”. The “https://” already signifies that the site has secured encrypted connection. However, in “https://”, the ‘s’ stands for secured using SSH. Make sure you always check for a secured lock symbol in front of “https://” which means it’s a secured connection.
5. Use Personal Computers or Your Smartphone;
The most important thing is, you must and should always use Personal Computers or your Smartphone for online transactions because, Public Computers are like Public Libraries where everyone have access to everything, most of the Public Computers will save usernames, passwords, and have cookies saved to their browsers, in other words, it’s a liability for security, when using confidential information, so, always use a Personal Computer or your Smartphone for online transactions.
6. Use High Security Password;
All banks are giving access to a high security password where an instantaneous password is delivered to your Mobile Phone or Smartphone when an online transaction takes place, be sure to enable it for your account.
7. Use a 3D Secure Code;
When using a debit card for online transactions, a 3D secure code is an extra layer of protection provided by the bank which is actually a unique password where the card holder is the only person who has access to it. Don’t forget to use these extra security steps, if you use online transactions often.
8. Use Virtual Keyboard;
Always make use of Virtual Keyboards which are provided at the time of transactions, when entering your personal information since the physical keyboard can be compromised by a key logger software. Besides, Virtual Keyboards are uniquely designed for a high security purposes, hence, make a safe and secured online transactions.
9. Use Virtual Credit Card;
Virtual Credit Card always comes handy while shopping online without revealing your actual credit or debit card information to your merchant site. Virtual Credit Card is a one-time usable credit card with a limited balance as per your requirement. Make sure that this feature is available with your Net Banking options and never buy a Virtual Credit Card from any online dealer.
These are few tips you must follow when making any online transaction, also, there are others apart from these ones. Did you know any other safety tip(s) for online transactions? Use the comment box below to inform us.
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