Is online shopping and online banking safe?

Freelancer By Freelancer, 30th Jul 2012 | Follow this author | RSS Feed | Short URL
Posted in Wikinut>Money>Shopping

Online shopping and online banking have changed the traditional banking and shopping concept and practices. The best side of online shopping and banking is convenience, access to money and products, and the availability of various online payment services associated with it. However, the safety concerns are a big issue with regards to online banking and shopping.

Online shopping and banking through online payment services

The Internet has brought a revolution in paying and receiving money online as well as shopping at thousands of online shops. It is easy, convenient and quick. However, there are security concerns involved in managing your finances online as there is a risk of your confidentialities being exposed to the Internet frauds. Particularly, paying for goods and services needs to be done through safe and secure way. It is important that you are familiar very well with the web sites of your banks and credit cards companies when it comes to set up a direct debit, standing and instant cash transfer order.

If you notice any suspicious change in the website of your bank, credit card provider or online merchant, stop sharing your financial information with the website. Check with your bank, card provider and merchant whether there was a change made to their website. This is the foremost challenge in doing online banking and shopping. If you are aware of these basic functions then your online banking and shopping online can be a pleasant, convenient and safe experience.

As for buying goods and services online, you have to be knowledgeable about what people say about the service providers or merchants, if they are financially regulated by the appropriate authority of your country. If they are, even then you must not enter your full card details if they ask you to do so, let alone enter your password. Trusted and Good online merchants will never ask you to give away your credit or debit cards' password. Again, make sure you are on their web sites before entering your details.

It is best to use a particular debit or/and credit card of yours to purchase goods and services online. Registering multiple debit and credit cards accounts with the merchants may lead to expose your credit history and unnecessary trouble. It is easy to navigate through online account history using a single card and remember all the details.

When it comes to receive money online from any source, follow the same procedures as mentioned above. At no times, give your password. All these cautions have to be taken in order to stay safe from online frauds. One of the best ways to withdraw or collect funds from your clients for any service or goods is through the use of online payment services. In many countries it is difficult to get an internationally accepted credit card. To be able to get one and using it online you can check out online which prepaid credit card is useful for you. You can send and receive money and make purchases by paypal, payza and neteller etc online payment solutions companies. Payoneer is an internationally accepted prepaid MasterCard and available to people from almost all the countries of the world.

The pace of technology is so fast that it is inevitable to rely on technology for our everyday transactions ever more. It is just a little caution that you have got to apply to stay 100% safe while dealing with your money online.


Money Online, Online Banking, Online Payment Services, Online Shopping, Paypal, Payza

Meet the author

author avatar Freelancer
I am an enthusiastic reader and writer. I write particularly about freelance career and also enjoy writing about current affairs, online payment services and general information related pieces.

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author avatar SunnyJasrotia
30th Jul 2012 (#)

The online shopping and online banking is nice idea..Its fast bt I am more comfortable with the traditional..Smile..

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author avatar Freelancer
30th Jul 2012 (#)

Thanks Sunny for your valuable comment. Yes, it's true the change of technology is fast...

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author avatar Dfghjgf
3rd Aug 2012 (#)

Westernunion,bank transfer(Wire),Credit card,Paypal and other safe way

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