NEWS & ADVICE : CREDIT CARDS
Safety tips to use plastic money online
By Ankit Sharma
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Planning to gift presents to loved ones this festive season? No sweat, just order it online. Thanks to the burgeoning trend of e-commerce in today's times. Many Indian consumers these days are shopping online. This is not only restricted to books or electronic gadgets. Shopping portals have expanded their product basket and they are now offering great varieties of products ranging from apparel to consumer durables like air-conditioners, washing machines, etc.

Consumers fancy online shopping foremost because of the convenience. And secondly, one has more options to choose from and consumers can also compare the prices offered at different portals before buying any product.

However, along with the lavishness, online shopping also entails many vital risks. There are some risks involved in online shopping. The most common risks are identity theft and credit card frauds. So, the customer is advised to stay alert while shopping online.

Here are five tips for shopping online safely:

Choose cash-on-delivery over cards:

One should preferably choose cash-on-delivery option over paying through cards as it protects against identity theft. For small-ticket items, the best payment option is cash-on-delivery (COD). There are some portals where one is allowed to swipe their credit card on delivery. This way customer get assurance about the product reaching them and the customer can pay c then and there for their purchase. But, this facility is not available for high-valued goods like refrigerators, air-conditioners. In such cases, the customers are insisted on paying at the time of placing the order. One should ensure payment through a secured payment gateway.

Use disposable credit card:

It will be even wiser to go for disposable credit cards over credit cards. Disposable credit cards work like gift cards. One can add the desired amount to their disposable credit card and use it. One can refill or buy a new card when the deposable card is exhausted. These kinds of cards are offered both by Visa and American Express. Even if it is stolen, the criminal can't get access to anything more than the remaining amount on the card.


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