Various Online Payment Options and Tips to Avoid Fraud in It

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Tips to Avoid Fraud

<p>With businesses spreading wide across the globe&comma; several people are encouraged to start their business online and earn their living&period; However&comma; the main question that runs in everyone&&num;8217&semi;s head is how to make <strong>payments online<&sol;strong> when one is sitting far away from the company he is tied up to&period; People also worry about how to receive payments for the work they do&period; Due to this fear&comma; people usually fret in making <em>online payments<&sol;em> as they are afraid of revealing their <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;financial-fraud&sol;" title&equals;"financial" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"545">financial<&sol;a> details online&period; The lack of knowledge adds to the problem more when one needs to make or receive online payments&period;<&sol;p>&NewLine;<p>Making <strong>payments online<&sol;strong> is one big necessity for home based business holders and small entrepreneurs&period; With the advancement in technology&comma; transferring of funds and receiving them has become very flexible over the years&period; It is popularly known as e-commerce payment method&comma; where all the transactions are done electronically&comma; i&period;e&period; online&period; The method has become popular due to increasing popularity of online shopping&comma; online business and e-banking&period;<&sol;p>&NewLine;<p><img class&equals;"wp-image-27896 size-medium aligncenter" src&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;wp-content&sol;uploads&sol;2016&sol;05&sol;FRAUD-1-1-300x200&period;jpg" alt&equals;"Tips to Avoid Fraud" width&equals;"300" height&equals;"200" &sol;>To get acquainted with online payment options one must be aware with the basic terminology relating to it to avoid confusion&period; When you are into a business there will be something you will come across is the merchant account&period; It is a bank account you can use to receive payment and even send it&period; It is linked particularly with the credit card or debit card you use&period; There is a payment gateway&comma; which is a passage or a portal where one can safely pass the card information to the merchant&period; The payment which a customer sends is then processed by a payment processor&period; <strong>Payment processor<&sol;strong> is a company that handles the transactions and implements several policies to be careful from the <a href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;category&sol;fraud&sol;"><em><strong>fraud<&sol;strong><&sol;em><&sol;a> which is likely to happen&period; Thus these are the very basic terminology to get started with online payment&period;<&sol;p>&NewLine;<p>In all these years&comma; and event till today&comma; credit card is the leading and most preferred mode of online payment&period; However if you own a website or an internet based business&comma; you need to study various other factors also like your product cost and easy payment options which your customers might prefer&period; Making your website flexible in payment transfer will also help attract more customers in turn helping in pushing your business upwards&period; There are various alternate payment methods now in market which are gaining popularity at such a higher rate that more and more people have started preferring to use them without any misconceptions in their minds&period;<&sol;p>&NewLine;<p>Two of the very widely used among the online business owners is <em><a href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;paypal-phishing-scam-email-easy-step-identification&sol;">PayPal<&sol;a><&sol;em> and Alert Pay&period; <strong>PayPal<&sol;strong> is a leading name in the industry that is secure and quick&period; It offers its customers independent account or one can link it with the credit card&period; It&&num;8217&semi;s got various other options too&comma; to transfer payments and to get paid&period; It has no monthly or set up fees but only charges some amount when you are engaged into a transaction&period;<&sol;p>&NewLine;<p>Another of most widely used contemporaries of <a href&equals;"https&colon;&sol;&sol;www&period;paypal&period;com">PayPal<&sol;a> is <a href&equals;"https&colon;&sol;&sol;www&period;google&period;com&sol;wallet&sol;">Google Checkout<&sol;a> which avails its services to millions of users&period; There are other various payments options like 2CheckOut&period;com&comma; Amazon Payments&comma; Authorize&period;Net and Brain Tree&period;com<&sol;p>&NewLine;<p>Thus there are several of payment options available and it is on you to decide that suits your criteria and dealings&period; The list is huge and the options here mentioned are exemplified to make you aware about the big heads of the field&period;<&sol;p>&NewLine;<p>Another very important thing that comes in notice when using online payments is the security&period; There are security guidelines and terms and conditions laid down by the merchant accounts&comma; banks&comma; payment gateways and payment processors&period; They work into that limit to ensure the customer&&num;8217&semi;s privacy and safety as they reveal credit card numbers&comma; bank accounts and so on&period; Online frauds have increased in number due to hackers as they dupe the customers by storing their personal data&period; Cyber crimes have also been reported in last few years and the hackers do have their eye on big heads of the industry&period;<&sol;p>&NewLine;<p>One of the best ways to be protected from such scams is to read carefully all the security terms and conditions of the service you are likely to use&period; It is to be vigilant on our part to avoid frauds&period; Credit card service providers also advice its users to not pass their personal data online to any one whom you don&&num;8217&semi;t trust or the companies that are non-validated&period; One must not answer to emails or pop-up pages that directly ask you to provide the banking details and credit card details&period;<&sol;p>&NewLine;<p>In case you suspect any undesirable or forced transaction&comma; it is your responsibility to contact the service provider and immediately block the card or the transaction&period;<&sol;p>&NewLine;<p>It is also advisable not to use in public places and other user computers to make payments or even use the function of net banking&period; One very good solution to avoid this problem is to have a good and licensed version of anti-spyware or anti-virus software installed in your PC which you use for transacting online&period;<&sol;p>&NewLine;<p>Thus using alternative payment methods is a very good option as it ensures the safety of its customers&period; They are vigilant on their part as they do not wish to lose their customers and company&&num;8217&semi;s reputation&period; A little responsibility lies on our shoulder too&comma; to be careful in passing on personal information and which company to choose&period; Some of the methods mentioned above will definitely help in <em><strong>avoiding scams&comma; Phishing or Duplication<&sol;strong><&sol;em> etc&period;<&sol;p>&NewLine;

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FraudsWatch is а site reporting on fraud and scammers on internet, in financial services and personal. Providing a daily news service publishes articles contributed by experts; is widely reported in thе latest compliance requirements, and offers very broad coverage of thе latest online theft cases, pending investigations and threats of fraud.
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