Payment Info
It is often believed that digital payments are at higher risk of security threats, which is easy to believe when we see headlines like “online payment fraud attempts increased by 73 percent”
But if done correctly, online payments come with relatively low risk.
Payment infrastructures constantly test, assess and improve their security measures.
By staying up to date with security practices, businesses are better prepared to avoid potential threats.
Payments made over the internet are generally classified under ‘online payments’.
These payments are done while purchasing products or availing any services, both online or offline.
Online payments can either be one-off payments or recurring payments (like subscribing to Netflix).
Some of the common methods of online payment include Bank transfers (EFT), Digital wallets like PayPal or Google Pay, Online credit/debit cards, QR Codes / UPI, Store card payments.
Though online payments seem highly convenient and safe, there are a few things you need to be careful of:
Do not save your card details
Most of us prefer to save our card details on our smartphones or other devices to avoid entering them every single time.
But this is not advisable as it can be used for wrong purposes in cases of theft.
Always make sure to erase your card details after every use.
Never share your passwords
As cliché as it sounds, it is very important to follow this advice. Don’t share your passwords with anyone, and keep changing them regularly so that you don’t fall prey to hackers or any other cyber criminals.
Have a strong password and enable the OTP feature to ensure maximum security.
Avoid using public WiFi networks:
No matter how much of a hurry you are in, you must always avoid making transactions via public computers or WiFi networks as there are high chances of data theft and other cyber attacks.
Use private windows
Make sure you perform all your transactions on private windows and avoid all kinds of suspicious apps or websites that are not recommended by the app store.
You can find out about such apps by looking for reviews and the number of downloads.
Online payments save a lot of time. You don’t have to wait in lines.
You don’t have to wait for banks to clear checks.
Online payments also decrease the chances of late payments. Since it takes less than a few minutes to complete a transaction, you will not forget it or put it off for later.
You receive your orders much faster.
You can pay for goods and services at any time of the day from any part of the world. It is easier to click a feature on your smartphone than to collect the correct amount of cash for your purchase. You don’t have to carry a lot of cash, get worried about theft or not having perfect change. With our secure online payment options, you just need to remember a certain pin, and that’s it, your transaction is done! As simple as that.
With online payment features, we can offer our customers a wide variety of payment options to choose from.
People have their own preferences, and you can find that option while purchasing from us.
Online payments make it easier to manage and store your money and other financial data.
For both vendors and customers, there are a lot of tools available on the internet that will help you with transactions.
You don’t have to keep track of your finances and let the tools do the job. It only gets easier since you don’t have to carry cash or cards.