Whether you’re making an online purchase, transferring money, or simply searching for something on Google, you don’t want to be taken advantage of. No one is immune to internet fraud. However, it’s good to know what the safest options are on a website
In this article, I will discuss
- Why do people go for online payments?
- What are the safest online methods you can try
- What are the things to avoid while making online payments?
- FAQs
- Conclusion
But Firstly Let’s Discuss Why people go for online payments
Why??????
Why do people go for online payments?
People are now used to the fact that they can sit in their homes and shop online, whether it is for groceries or ordering a new table. With online shopping becoming more and more popular, online transactions become even more relevant.
They allow you to pay for what you have bought virtually and make sure that your personal data is protected at all times. Although, Some people in the world always stay on the go. They hardly have the time or energy to run around town visiting stores and buying goods and services.
With modern technology, things have gotten easier for people like this. They can make their payments online.????
According to Qube, money cash payments are not safe as online payments as it induces the risks of theft and when it comes to online payments it is much safer and more effective
What are the safest online methods you can try?
Friends, Whatever you do online when it comes to payment it is still a dilemma in your mind how is a safe online payment and what are the safest online methods you can try?
Are you curious about it?????
Hey, We go.
1. Paypal
Recognized and trusted by millions of customers, PayPal is the world’s most popular online payment system for a reason: it works. And when you use your PayPal account safely, and smartly, you can feel confident that you’re doing something good for both your personal financial security and the security of our entire planet.
Did You know why It was created????
The creation of PayPal’s digital money processing system was essential for the progress of the Internet and E-Commerce business. The main idea behind that creation was to make it possible to transfer payments online, just like traditional bank payment methods.
Pros
Online payments have become pretty easy in this generation, thanks to Paypal. Millions of people and businesses around the world are using Paypal to settle online transactions. It is definitely one of the easiest ways to pay online as it allows sending money to another person or business using an email address.
Cons
Then there’s the fact that PayPal just makes it so much easier for people to commit fraud or steal online, or buy a product and then claim the seller didn’t send it. For example, if I sold you something, and never received your payment because it was reversed through PayPal, then I’m out that money.
2. Credit cards
Get your credit cards today! Protect yourself against identity theft. Keep track of your credit card information, and manage and track your business credit cards with the right tool. credit cards meet all your needs to use them anytime and anywhere, on the internet or by phone.
For the most part, using credit cards for internet payments and shopping is safe. You’re protected by different agencies to limit your losses, although certain precautions and best practices are still in place. In the end, if you exercise your best judgment when using credit cards, you’ll only have yourself to blame if something goes wrong.
Pros
It is a well-known fact that using a credit card for making payments offers numerous advantages over paying with cash or checks. Some people go as far as saying that every purchase should be paid with a credit card, even if the amount is small. This is because they believe payday loans and car title loans are dangerous and risky to apply for.
Cons
People are concerned about their privacy when they pay with credit cards. Credit cards come with a lot of technical and financial information that can be dangerous in the wrong hands. People want to know how the payment procedure works and whether they really protect the customer or not.
3. Debit cards
I know everyone has Debit cards and yes it is one of the safest methods available for payment. Debit cards are considered a cheaper and safer alternative to credit cards. Their popularity has grown in the last decade since they were introduced by Visa, MasterCard, and other big players in the industry. but how do you know whether you can trust them for payments? We will talk about that here in this article.
Pros
Debit cards or checks are one of the most widely accepted payment methods in the globe. It is not only easy to get and carry but also a convenient mode of payment.
Cons
A debit card works more like a check than cash. And as you know checks can have their drawbacks: you need to get new checks in time, if you write a check with insufficient funds, your bank may charge you a fee, and there’s also some small risk that someone could find out your account information from your check, etc
4. Digital Wallets
While it is true that some people may question why you should use a digital wallet over cash or a credit card, the truth is this: they are absolutely safe. You’ve probably seen one or two stories related to digital wallets being hacked.
For many of us, we are accustomed to carrying our wallets wherever we go. We take them out and take money out when we need to make a purchase. There is a new technology that is making it possible to carry your money on your phone. This technology is called digital wallets. Some of the largest retailers are beginning to support this technology.
Pros
Convenience and security are two of the main selling points for digital wallets and this is the biggest reason that Digital wallets are highly recommended
Cons
Still, many malls don’t have the facility to accept digital wallet payments style.
5. Mobile payment apps
Mobile payment apps have taken the world by storm. I’m sure most of you are already familiar with mobile payment apps on your smartphones. In case you aren’t, it’s mobile applications that are able to connect directly with financial systems like credit cards, debit cards, and bank accounts.
The convenience and flexibility that comes with mobile payments have changed the way we shop altogether.
Pros
It works everywhere and easy to send money within seconds. You can transfer the money anywhere in the country.
Cons
When you do the payment, sometimes due to network failure or a server down then your payment can be stacked and it will create a major problem in that situation when you solely depend on only Mobile payment apps.
6. Cryptocurrency
One of the most popular topics is trending ” Is cryptocurrency safe?” My answer is simple: it provides users with the highest level of anonymity and privacy. While most traditional centralized system offers are great, they can eventually have their data leaked, discovered, or intercepted by hackers.
Cryptocurrency transactions are fully encrypted, which means the identity of pay cannot be recognized by anyone, even with the assistance of service providers.
Pros
The benefits of cryptocurrency are that it is decentralized, cheaper, and more securer than the traditional currency. It is right to say that money doesn’t rule the world rather the person who has control of the money rules the world.
Cons
It is not available in all countries as a source of payment.
What are the things to avoid while making online payments?
Online payment has been around for a long time now, but still, many of us face some kind of problem while making it. This can be because we do not know about the features that help us to avoid such trouble or because of any other reason.
If you are on the hunt for an online company that provides all types of payment processing solutions, then you should take the time to do your research. Not every online merchant is reliable.
And before you make a final decision, do an Internet search and see what others have to say about the given merchant.????
Things to avoid : (Safety Tips)
- Don’t use public WI-FI while making online payment
- Don’t do shopping from unsecured websites
- Don’t fill in your personal information on suspected websites
- Don’t save your account details on the website( autofill)
FAQs
Are online payments safe?
Yes, It’s absolutely safe, unless or until you use it cautiously by not committing silly mistakes like what I mentioned above. Because it’s better to be smart than sorry
Why do people go for online payments?
Many people today have mobile phones and have adopted online payments. This has been possible thanks to the development of online payment processors. it is so easy to make payments as you don’t need to carry cash
Why people are afraid of making payments online?
Some people are still not comfortable about making online payments. They mainly rely on the traditional way of paying for goods. The reason is that they have a number of concerns such as security, trust, and also problematic issues with internet connectivity.
Is credit cards safe to use?
Is credit cards safe to use is one of the questions we should ask before using credit cards. To make sure the answer is yes, we can take several precautions such as checking the merchant carefully, knowing how much we spend monthly, freezing and unfreezing the credit card, and more to minimize the risks of identity theft.
Conclusion
No matter what you decide, virtually everyone agrees on one essential point: you need to take precautions when shopping online. Anything you can do to protect yourself, either by safeguarding your information or by protecting your device and other electronics, is a positive step that will ultimately lower your risk of potential identity theft.
The more steps you take in this department, the safer and happier you can feel with your purchase