4 Useful Online Payment Security Tips

With the increasing tendency of online payments, frauds have become common. If there are no proper security measures, frauds involved in online payments are very difficult to trace.  Millions of dollars are defrauded each year because of a lack of proper online payment security measures. Online payments allow speedy processing of credit and debit cards and offer convenience to make payments without having to leave home. That is why they are increasingly being used by customers all around the globe. Most people today prefer to make online payments as they can immediately access the payment portal and enjoy the hassle-free return of money. However, it is essential to make sure that your payments are transferred in a secure manner. Here are some security tips for making online payments. 

  1. Update on Your Computer and Other Devices:

You are required to input your credentials and sensitive details when you want to make online payment such as credit or debit card numbers. So you need to be sure that these details are encrypted. It is recommended to install the latest software updates on your computer and other digital devices as they come with vital and modern security patches that help protect your devices from hackers and viruses. You should also install reliable antivirus software on your PC and smartphone. Installing the updates doesn’t take much time so keep your devices updated to prevent being the victim of frauds. 

  1. Deal With Reputed Websites Only:

Do not pay on any non-reputable website. Only shop or pay through a trusted website as they have installed advanced security features in their payment processors which will prevent your sensitive data and confidential information from getting into the wrong hands. The one thing you can do to make sure that the app or retail website you are using is secure is to look for a small padlock symbol located in the URL bar. This padlock symbol indicates that all the data you entered into the respective website is protected by transport layer security (TLS). Also, check whether the address of the website starts with ‘https’ or ‘http’ because ‘s’ stands for secure. Well reputed websites also share frequently asked questions about fraud on their website. 

  1. Set Strong Passwords and Usernames:

The key to keeping your online payments secure is strong passwords. Your password should be a combination of letters and numbers. Your core password should be unique and not the one that is easily guessable. Also, make a password that is different from your username. Also, aim to use different usernames and passwords for every account you have. You should also keep all your account username and passwords recorded in an offline notebook so that you don’t get locked out of your accounts. 

  1. Be Wary of Public or Shared Computers:

Another important security tip for online payment is not to use public or shared computers to make your online transactions. Make sure that you only use your personal computer in order to ensure the privacy and security of your sensitive information. That is because most web browsers keep a record of your passwords or accounts, and this information can be accessed later. Never use computers installed at internet cafes and public libraries to make your online payments. 

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