If you're the kind of person who almost always shops online, then you most likely pay with credit cards. But just like in some other part of the world, there could be troubles that arise either internally or from external sources. When you're a consumer, you usually want your rights to be guarded. However, you can't get away with threats of being thieved or cheated. And the poor news is, those points can occur both in the offline and online worlds.
Just imagine someone suddenly having to pay for purchases he never created or services he never availed of. This person will definitely wonder why his bills have grown into an amount that's a lot larger than what he typically has to pay. And then he decides to look into the situation and find that such purchases have been made using his credit card without his knowledge. He files a complaint and later learns, through his card company, that he has been a victim of fraud. His account is closed and is changed with a new one. But then again, the harm has already been accomplished and a large amount of money from his account has already been used up. The card company can't or would not excuse this and will allow him to pay the quantity sustained nevertheless.
Being a victim of credit card theft or fraud is, in fact, a devastating encounter. You would not want this to take place to you and neither does your card company. That's why you can find payment processors. Payment processors secure you and your credit card company from fraud. Payment processors are like bridges that link a customer with his credit card company so that before any deal is made, both parties could be checked.
For instance, when someone makes a purchase of a particular item online, the payment processor updates the card company and checks whether or otherwise the account has achieved its restriction. If it has reached its limits, the deal will be denied. In a way, this is also for the protection of the card owner because anyone who knows he has used up his limit won't dare use the same card for more acquisitions. The only individual who will use a card that has no more credit left is the one who need to have used the card or its details without the owner's information. But with the presence of online processors, this transaction will be instantly blocked and the attempt to defraud the rightful owner of the account will not succeed.
If you're into the habit of acquiring from online stores, be sure you make an online payment through a secure website to be able to avoid a fraud scenario. For online businessmen, merchant services that allow acceptance of credit cards may be a very welcome development however it is these merchants' responsibility to ensure that they protect their customers' info with the best security tools for their servers.
Just imagine someone suddenly having to pay for purchases he never created or services he never availed of. This person will definitely wonder why his bills have grown into an amount that's a lot larger than what he typically has to pay. And then he decides to look into the situation and find that such purchases have been made using his credit card without his knowledge. He files a complaint and later learns, through his card company, that he has been a victim of fraud. His account is closed and is changed with a new one. But then again, the harm has already been accomplished and a large amount of money from his account has already been used up. The card company can't or would not excuse this and will allow him to pay the quantity sustained nevertheless.
Being a victim of credit card theft or fraud is, in fact, a devastating encounter. You would not want this to take place to you and neither does your card company. That's why you can find payment processors. Payment processors secure you and your credit card company from fraud. Payment processors are like bridges that link a customer with his credit card company so that before any deal is made, both parties could be checked.
For instance, when someone makes a purchase of a particular item online, the payment processor updates the card company and checks whether or otherwise the account has achieved its restriction. If it has reached its limits, the deal will be denied. In a way, this is also for the protection of the card owner because anyone who knows he has used up his limit won't dare use the same card for more acquisitions. The only individual who will use a card that has no more credit left is the one who need to have used the card or its details without the owner's information. But with the presence of online processors, this transaction will be instantly blocked and the attempt to defraud the rightful owner of the account will not succeed.
If you're into the habit of acquiring from online stores, be sure you make an online payment through a secure website to be able to avoid a fraud scenario. For online businessmen, merchant services that allow acceptance of credit cards may be a very welcome development however it is these merchants' responsibility to ensure that they protect their customers' info with the best security tools for their servers.
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