Online Credit Card Usage
“Online credit-card usage” – convenience at its best
Commerce and technology, combined as a one package – this is what online credit-cards are.
With the advent of internet, the knowledge and communication barriers were broken. Also, with internet, came the concept of e-shops or virtual shops that existed only on the world wide net.
You could shop at these shops by making use of their online credit-card payment-acceptance ability. Once the online credit-card payments were asserted and approved, the goods got delivered to your door. This is what we call convenience at its best.
With more and more e-shops getting setup everyday, online credit-card usage is becoming even more popular. The possibility of receiving online credit card payments has given a totally new dimension to shopping. Now, you can't only shop with just the use of your pc, you can even get discounts on these products.
This is really amazing. No need to bother about the weather, no need to worry about the traffic jams or any other thing. Just go to an e-shop, select a product, make use of their online credit-card payment-acceptance facility to make the payment and be ready to receive the goods at your doorstep.
With online credit-card processing facility, starting a business (an online business) has become just unbelievably easy.
In any case, there isn't anything without pitfalls. One of the pitfalls of online credit-card usage is the possibility of online credit card fraud. This online credit-card fraud can happen in 2 ways. The 1st one is related to the company, on whose website you made online credit card payment for purchase of goods; this company itself could be fraudulent.
g. it could take the online credit-card payment from you but not deliver the goods to you. Further, they could use the details of your credit-card (received through the filling out of online credit-card payment form by you) for fraudulent purposes.
The second kind of fraud is committed by fraudsters who use various
software/devices to capture the details of online credit-card payments (as you enter them on the online credit card payment form of a website).
These software are popularly known as viruses or Trojans and these fraudsters as
hackers or phishers. . The software works by capturing keystrokes or taking screenshots of
your monitor to then pass it on to the scammer.
In any case, there are
antivirus available which can be used to counter such
In any case, you must be careful when making online payments, laste but not
least, please do not access your accounts or make online card payments from internet
points (unless you're absolutely sure about the credentials of the internet cafe,
for instance many of them have software installed which resets the pc each time
it is used by a new customer).