Precautions to be taken while making an online payment
In today’s world, where cyber fraudsters are devising new techniques to steal your money online, you have to be extremely cautious when making an online payment. Exercising extreme discretion is mandatory when you intend to transfer money online using your credit or debit card, or though third party payment platforms.
The most important thing you should confirm before entering your card details on a website is that check if the site is secure. Look out for a small padlock symbol either in the address bar. Also see if the website address begins with https://. If it does, the site is safe to conclude a financial transaction, as the “s” denotes that the site is “secure” for concluding a financial transaction.
If the site is giving you an offer that is too good to be true, like a “90% discount”, there is a strong possibility that the site is selling pirated or illegal products or will not deliver what you buy.
Every ecommerce website will ask you to enter a password before proceeding towards the online payment page. The objective of this process is to ensure that the personal details which you enter are kept private to yourself. Ensure that the password you choose is a combination of numbers and letters, as alpha-numeric password are extremely tough to crack. Do not execute an online transaction in a public place using their free Wi-Fi, as the network may not be secure and the details which you share online can be easily hacked.
If you are asked for your PIN or online banking username and password while making an online transaction, it means that the website is a phishing website out to lure you with unbelievable offers to steal your personal financial details.