Tuesday, May 30, 2023

"Online Credit Card Usage" – Convenience at its Best

Commerce and technology combined as one package – that’s what online credit cards are all about.

With the advent of the Internet, barriers to knowledge and communication broke down. Also, with the Internet, came the concept of an e-shop or a virtual shop that existed only on the Internet. You can shop using the online credit card payment-acceptance capability of these stores. Once the online credit card payment is verified and approved, the goods are delivered to your doorstep. This is what we call convenience.

With more and more e-shops being set up everyday, online credit card usage is becoming even more popular. The possibility of receiving credit card payments online has given a whole new dimension to shopping. Now, not only can you shop from the comfort of your home, but you can also avail discounts on these products. It’s really amazing. No need to worry about the weather, no need to worry about traffic jams or anything else. Simply visit an e-shop, select a product, use their online credit card payment-acceptance facility to make the payment and be ready to receive the goods at your doorstep.

With the facility of online credit card processing, starting a business (an online business) has become incredibly easy.

However, nothing is without disadvantages. One of the drawbacks of online credit card use is the potential for online credit card fraud. This online credit card fraud can happen in two ways. The first relates to the company on whose website you made the online credit card payment to purchase the goods; This company itself may be fraudulent ie it may collect credit card payment from you online but not deliver the goods to you. Furthermore, they may use your credit card details (obtained through you filling in online credit card payment forms) for fraudulent purposes. The second type of fraud is perpetrated by fraudsters who use various softwares/tools to capture the details of online credit card payments (as you enter them on a website’s online credit card payment form). These software are popularly known as spyware and these fraudsters are known as online spies. Spyware works by capturing keystrokes or taking screenshots of everything you do on your computer and then sending it to the spy. However, there are anti-spyware software available that can be used to combat such spyware.

Hence, the advent of online credit card usage facility is a boon for us. However, you should exercise caution when making credit card payments online, for example do not use your bank accounts or make credit card payments online from internet cafes (unless you are absolutely sure of the creditworthiness of the internet cafe). be).

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