If you are a victim of online payment scams, it is always best to first confirm the legitimacy of the online website that is offering you some type of monetary benefit. These scams can also be found on merchant websites as well. Some of these fraudulent websites may require you to download an application to complete a transaction with them. In order to protect yourself from these scams, you must first know what they are and how to tell if you are being scammed or not.
It is important that you know how the process of transferring money works before you try to complete one. Most online credit card and checking accounts do not allow you to make online payments. Instead, these accounts require you to input your information and then submit certain information to verify your account information. Once this information has been verified, you will be provided with an activation link or “verify” code. If you are not satisfied with the verification code, which typically contains a five-digit code, you must return to the website that issued the credit card or debit card. By doing so you will be forced to enter your credit card or banking information again.
Once you have entered your information you will be required to click on a link that shows you a page that verification is ongoing. Your credit card will then be processed and you will be charged a processing fee for the amount of money that was transferred to your card. After you enter your information, the online website will confirm the transfer and you will see your online card balance increase.
Digital payment scams are very similar to a regular scam. If you ever find yourself the victim of these online scams, the first thing that you should do is report the activity to the Federal Trade Commission. By doing so, you will inform the government that you were a victim of these online scams and you did indeed receive an unauthorized charge on your credit card or banking account. In addition, the FTC can seek restitution for you and any other person that may be a victim of the theft.
The second way that you can protect yourself from these online charges is to be wary of websites that request personal information. Scam artists know this and they use it to attempt to obtain your information. If you are asked for your social security or bank account number, you should run the opposite direction as fast as possible. If you are asked for your credit card or routing number, you may contact the company issuing the cards to inform them that you were a victim of a fraudulent activity. In the event that they refuse to take your claim in writing, you should file a complaint with the Better Business Bureau.
It is also important to note that you should never provide your credit or debit card information during the process of paying for goods on a website. This is to ensure that no one can obtain your information to use against you later. In addition, before agreeing to any transaction, you should carefully review the terms of the arrangement. You should ask if there is a maximum dollar amount that you are required to pay monthly and if the site will charge a fee for any unauthorized transactions.
Finally, you should be aware of any online transaction that does not appear as it is occurring. For example, if you enter a check to pay for something online, but the site claims that the transaction is done automatically, you should question the validity of the sale. In addition, if you are asked to pay money through the internet for goods or services, you should consider the legitimacy of the site itself. Do not make payments unless you understand the terms and conditions associated with that site. If at any point, you feel uncomfortable with an online transaction, you should try to investigate the validity of the site in question before proceeding with the transaction.
To avoid digital payment scams, you should exercise due diligence when shopping online. Do not give out sensitive personal information, such as your Social Security or bank account number. Be aware of the online transaction terms associated with the sites you are visiting and use your common sense. In addition, if you are asked to make a payment through the internet, you should review the merchant website itself.