A Credit Card Transaction
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The elementary place to start to protect your security is at home - buy a shredder.
These can now be bought for as little as £15.
All Bank statements, credit card receipts and anything containing your personal details should be shredded. No records of a transactions should be thrown away unshredded. Unless you take the elementary steps to protect all past transactions then any future credit card transaction is at risk.
1. Check that the online retailer you are dealing with has an address and landline telephone number in the real world.
Make a note of these in case they should be needed, particularly if the company is based overseas.
2. Remember the date your credit card statement normally arrives, keep your passwords secure and make sure that any web site you use begins with http://
3. Always access your Internet banking site by typing in the address yourself. Do not access it via an email and do not enter in any of your private details.
4. Always use secure web sites for a credit card transaction. These sites are indicated by a small, golden padlock icon located in the bottom, right hand corner of the screen.
5. If you are carrying out a purchase costing over £100 use a credit card to gain insurance under the Consumer Credit Act. This may possibly save you money.
6. Before completing any credit card transaction check the arrangements for payment and delivery and your cancellation right. Check that you are able to return goods if they prove unsuitable or not as described.
7. Always tick the box that you do not wish to share your details with any third party.
8. Print off a copy of your credidt card transaction page and also any subsequent emails you may receive relating to your purchase, i.e., confirmation of your order and delivery dates.
9. Use retailers that are known to you or those who have been recommended. This will help you to remain secure.
10. Do not automatically assume that a retailer is based in the UK just because their web address has ‘UK’ in it. Check anything that might cause you a problem in the future.
11. Before completing your purchase take into consideration the shipping, postage and packing costs. Balance these against your traveling and parking costs you would have to pay if you journeyed to the High Street.
12. Make sure you use a different password for each web site – yes, a bit of a bother, but worth the trouble. Have three or four ready that you can alternate.
13. Do not write down these passwords or your PIN number. They are both very valuable. Good exercise for the brain to remember them! This point is particularly important if you are using a shared computer. If you are using a shared computer, remember to log out of any site when you have finished your period of use.
14. If you must write down these passwords and PIN numbers keep these stored in a small notebook and store it in a place known only you. You have been warned!
15. If you are in doubt about any individual purporting to represent a bank or other financial institution, check their credentials. You can do this by telephoning the FSA - 0845 606 1234 or by going to www.fsa.gov.uk/ and searching there by name or reference number.
You will now see how to protect your money and remain secure on the Internet where a credit card transaction is concerned. It is really just a matter of wise precautions and common sense. Possibly the pleasure without the pain!
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