Purchasing or performing any business transaction can be conveniently done with the various payment options available. The use of credit and debit cards are still some of the most popular payment methods. Many online stores and sellers accept payments using these cards. Companies with physical stores also allow these payment options. However, many customers are now skeptical about the transaction process. They are more careful, and there are reasons for that, including the following:
- There are now many scammers posing as legit sellers or businesses. They take the money without giving the products or services promised or give something, but not the item the customers purchased or requested.
- Hackers also do not stop finding ways to breach the security of these payment transactions. One mistake, and they will have access to your credit or debit card information, leading to fraudulent activities or unauthorized transactions.
- The merchant could make mistakes with the charges, such as double or higher charges than the actual amount.
All these can lead to loss of money to the consumers if they do not act right away. If they fail to review their transactions and see these errors early for fraudulent activities or incorrect charges, it may be too late to get the money back. Therefore, it is good to always be careful with all your transaction processes as a consumer. Here are some tips on how to do that.
Review your transactions regularly
Check your credit and debit card transactions at least once a week to be on top of everything. Although banks often send monthly statements, there’s no need to wait for that as you can check your latest transactions through your online banking app. Report right away to your bank or credit card provider if you see any suspicious or unauthorized activities. If you ever have trouble processing your claims or refunds, you can get help from a company that specializes in providing chargeback services. They can act on your behalf in getting your chargeback or your money back from the unauthorized or erroneous transaction. Top10chb.com is a site where you can find trusted providers of the said service.
Deal only with reputable sellers or companies
Be careful with whom you deal with, especially if it’s your first transaction. Perform a thorough research on the seller or company’s history, and read reviews from their previous clients. Deal only with reputable companies or service providers to avoid being scammed.
Ensure the site is secured
Process payments only on secured sites. Be extra careful as phishing sites pose like legitimate sites to steal your information. One way to determine if a site is secured is if the URL begins with “https” instead of just “www.”
Do not connect to public WiFi
Connecting to a public WiFi exposes you to hackers. Since it’s open to everyone, it would be easier for them to find a way to hack your details, including your credit or debit card information.
Consumers are now more skeptical for a reason. It’s always best to put your guard up and ensure safety and security with every transaction process you undertake.