The internet provides the fastest and most convenient way of transferring money today and as a result, it has become an integral part of modern life. Situations arise more and more often where it is necessary or more convenient to transfer money via the internet. However, with this convenience comes the inherent threat of fraud. It is important therefore to follow a few simple guidelines to protect yourself.
- How to transfer money
If at all possible, use your bank to transfer money. This will always be the safest way as the bank requires you to be securely logged on to their system before you can access your account. However, if that is not possible, always ensure that the website you are using is a reputable one. There are several well-known websites with excellent reputations dedicated to transferring money, such as paypal.com. Pay attention to customer reviews which can be found using a search engine.
- Verify the seller
When buying goods online, be mindful of the possibility of fraud. Try to verify the authenticity of the seller. Most trading sites offer a rating and feedback system that will allow you to check your seller’s reputation. It is not necessary to give any bank details to a seller. Only share your name and the delivery address. A contact number is optional. Looking to sell your mobile phone or old TV online, then look no further than Zarax! Exchange for cash today!
- Fake Winnings
Some fraudsters try to use fake prizes or lottery winnings as a means of tempting you to overlook safety precautions. These winnings will come with an extra processing fee or tax that you need to pay. Never send money to claim a prize. If you receive a cheque and need to ‘return’ a portion of the winnings, chances are the cheque will bounce and you’ll have lost your money. A search engine will quickly help you confirm the authenticity of an agent.
- Faking a family emergency
Fraudsters have been known to assume the identity of a family member to trick people into sending them money for a family emergency. Always be certain you are satisfied that the person contacting you is who they claim to be. Double-check the details of the emergency before you send any money.
- Personal Relationships
The Internet has allowed for people to form friendships and emotional ties with others before they meet. This has inadvertently created an opportunity for scammers to take advantage of those who form relationships with them. Be especially careful when sharing personal information with people from the Internet. Never send financial details and be wary of those who would take advantage of your generosity.