Prevent Credit Card Fraud When Shopping Online

Published on 1 January 1970 by Raffick Marday

An estimated £9 billion will be spent online this Christmas, but Brits are being warned about the dangers of credit card fraud.

More than 30 million people plan on shopping online this year, but PayPal research shows many could be jeopardising their bank security as only one in seven will prioritise buying from a trusted website.

Buying Christmas gifts online is a popular means of shopping with 77 percent of respondents in the survey planning on doing all or some of their shopping this way, with each consumer spending on average £289 – a ten percent increase on last year’s online spend.

“Christmas is an expensive time of year and most of us want our money to go as far as possible,” said Rob Skinner, PayPal’s consumer affairs manager.

“Shopping online is a great way to bag a bargain. But getting value for money shouldn’t mean putting your online security at risk.”

The main reason people are shopping online, for 63 percent of respondents, is to save money by finding a bargain, while 37 percent take advantage of the free delivery and for 29 percent because it is quicker and more convenient.

However, the survey revealed over two million people fails to take any precautions and do not even perform the most basic checks.

When making credit card payments two fifths forget to look for the padlock icon, while 65 percent do not stop to check the transactional website address starts with ‘https’ which indicates the site’s security, verified by VeriSign.

Women were shown to be better at checking a retailer’s offline credentials. One in three ensures a website has a postal address and 33 percent check it offers a customer services number before completing the transaction.

This is compared to 32 percent of men who look for the address, and 29 percent the phone number.

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