eCommerce is on the rise, more and more customers are using internet shopping and internet transactions through bank accounts, debit cards, credit cards, and more. Online Shopping Fraud Rules, However, as much as eCommerce is popular and convenient to use, it has some dark sides.
There are several online shopping fraud statistics that showcase the online frauds that occurred over the last few years since the rise of online shopping. Hackers or online scammers scam people through several methods that are difficult to understand by regular internet users, but it’s important to take precautions and preventions in order to mitigate or reduce the risk to negligible. That’s why online shopping rules are important. People who understand the gravity of internet frauds or scams or have faced this issue often ask how to save money while online shopping. This article will help you protect your money with new online shopping rules and tips.
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Many times online scammers use emails and SMS as a means of the method to fraud, they pretend to be an organization or government department to extract information from you which might confuse you.
One thing that customers need to understand about the rules of online shopping is that no organization or eCommerce website will ask you about vulnerable details over email or phone call, they will ask you only when you are going to make purchases. For instance, a bank account, credit card number, or any other vulnerable details, etc. will be used only at the time of payment.
To prevent your money from online shopping fraud, never make a purchase from a website that does not have SSL – Secure sockets layer encryption. You can understand and know if the site uses SSL or not through its URL address.
A website with SSL will have HTTPS instead of HTTP and an icon of the lock pad will show. Moreover, this SSL is now on non-shopping sites as well and Google shows a red flag when the site doesn’t have extra s. Therefore, make sure you check SSL whenever you make purchases.
Utilizing uncrackable passwords is one of the best ways of online shopping fraud prevention. It’s better to use something more difficult to crack as these passwords are encrypted and if you use difficult passwords it becomes even more difficult and nearly impossible for hackers to crack the password.
Often websites give suggestions when the user is creating an account or password such as not less than 8 characters or using unique signs and symbols, etc. You can use these instructions and create a difficult password however, do not forget yourself write it somewhere, not on your phone.
Do not wait for any transaction or a holiday income to check your statements. You need to regularly check your statement irrespective of receiving or sending money. If you see any changes immediately inform your bank or service provider. Not only bank accounts, but also your PayPal or other digital payment accounts. Immediately informing your service provider will help you prevent your account from making any online.
Rather than using your debit card for your online shopping, use credit cards as most of the time they are not linked to your bank account. Although it will not eliminate the risk, however, you can reduce or mitigate the risk as credit cards have a limit. Using credit cards rather than credit cards you can save money online shopping fraud to a great extent.
No matter how much a person forces you do not disclose your bank account details or any vulnerable information on the phone, email, or even in person until or unless you know that person. Nobody will ask you for bank details over a phone call or email, it’s the most basic online shopping rule that you need to keep in mind to ensure more safe and secure shopping.
Public wifis are easy to hack, online hackers or scammers can easily enter into public wifi and into your transaction details through wifi. When you make transactions over a public network, these transactions are vulnerable. Therefore avoid using public wifis, switch to a private network whenever you need to make a purchase.
Avoid Shopping in Public:
No doubt you need to use your card when shopping in a store, but do not use digital devices for shopping in public. You never know who is sitting right behind you, they might use it against you. Although these incidents are not likely to happen, however, it’s better to take precautions than worry later.
There are some of the online shopping rules that almost every website follows that you need to know when online shopping such as websites verifying the customers before proceeding with transactions, they will ask you about passwords that only users will know, they might ask you about additional details that you used to create you your account such as an address, date of birth, etc to confirm your identity.
Therefore, whenever you make an account on eCommerce websites, make sure you remember your password correctly and all the details you used. Apart from rules, it’s always good to have some knowledge on different online shopping frauds to instantly identify and report in case of a slight change
These are some of the things that you need to keep in mind on how to save money shopping online from frauds. These precautions will help you form security whenever you make purchases. Understanding the basic knowledge about online rules and online shopping frauds can help you act fast in these situations. Whether experiencing this situation or not, if you like online shopping or making online transactions, these tips will help you.