Spending money online is pretty standard these days. In fact, it’s pretty annoying if you’re asked to pay for something over the phone or by sending a check, with no option to pay online. Many of us manage our banking online, pay our bills and shop for everyday purchases, from clothes to groceries. Even if you’ve been spending your money online for a while now, it’s possible you’re not doing all you can to protect your money. Keeping your financial details secure is essential if you want to make sure you don’t lose any money or have your identity stolen. Try following these rules to stay safe.
Make Sure Websites Are Trustworthy
Using only websites that you’re sure are trustworthy is the most sensible step to take when you’re spending money online. You should choose to shop with brands you know you can trust, as well as checking that you’re definitely on the right website. It’s surprisingly easy to be tricked by a web page that looks like the one you want but is actually just a good copy. So make sure you check for the secure padlock sign in the address bar, and that you definitely have the correct URL. Look to see if sites have SSL certificates and whether they use secure payment methods too.
Consider Using Cryptocurrencies
Some people worry about how spending online could leave them vulnerable to fraud and identity theft. If you use traditional methods of payment, this can be a particular problem. However, some people have started to turn to cryptocurrencies for a more secure online experience. These digital currencies can’t be counterfeited, and you don’t need to send any sensitive information along with them. It’s now possible to buy Bitcoin with credit cards to make it easier than ever to buy it. Bitcoin is one of the most popular digital currencies. However, there are other options, such as Dash and Ripple.
Be Wary of Scams
There are all kinds of scams online that you need to be aware of if you want to have a safe experience when either buying or selling anything. You need to be on the lookout for phishing, which is when scammers use a website or email to pretend to be someone you trust. You should also be familiar with scams where people try to get you to send money for various reasons. You might receive a job offer from someone who says you need to pay for a credit check first. Or you might get an email telling you you’ve won a prize and you need to give them your details to claim it.
Keep an Eye on Your Credit Report
It’s always a good idea to keep an eye on your credit report. It’s even more important if you use your financial details online. As well as helping you keep your credit score healthy, it also makes it easier for you to spot potential identity theft of people misusing your financial details. The same goes for your bank statements. You should always check your latest transactions to see if there’s anything you don’t recognize.
Protect your money by being safe online, whether you’re buying or selling. Be vigilant to make sure you don’t fall into any traps.