Online payments have been incorporated into modern life—from shopping to bill payments. Online transactions, however, do come with risks attached. Many pitfalls can be avoided if some common mistakes are identified and avoided while making online payments. Safeburse, an escrow service based in Nigeria, is one sure way of averting scams and offering transparency in online transactions.

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Mistakes When Paying Online: Top Mistakes to Avoid

• Use of Weak Passwords

Weak passwords are like rolling out the red carpet for cyber-criminals. Always use robust, unique passwords for your online payment accounts. These must have a combination of uppercase, lower case, numbers, and special characters in them to create a strong password.

• Not Enabling Two-Factor Authentication (2FA)

Two-Factor Authentication provides additional security to your accounts. By not using this feature, you are making your account easily accessible to other parties. Always enable 2FA wherever possible.

Sharing sensitive information on e-mail, social media, or websites that are unsecure is quite common. No genuine organization will ever request any sensitive information through email or another such medium. Always use secure, encrypted websites to make any transactions.

• Not verifying the website security

Before carrying out any online transaction, ensure that the website is secure. You will know that a website is secure and using some form of encryption to protect information when the padlock is on the top left side of the address bar on your browser or when the website’s URL begins with ‘https’.

• Beware of Phishing Scams

Phishing scams are designed to get you to give out your personal information. Be suspicious of unsolicited emails or messages requesting payment information. Check to see if a sender is genuine before responding or clicking on any links.

• Not Reviewing Statements Regularly

Regularly reviewing your bank and credit card statements will let you detect unauthorized transactions well in advance. In case you come across some suspicious activity, report it immediately to your bank.

• Not Heeding Payment Notifications

Majority of the payment platforms have real-time transaction notifications. Such notifications can be very instrumental in tracking your transactions and detecting a fraud scenario in time.

• Ignoring Software Upgrades

It is important to upgrade your software, including browser and payment apps. Software upgrades come with security patches for newly surfacing threats.

ALSO READ: Exploring Different Payment Systems in Nigeria and How Safeburse Ensures Transaction Security

How Safeburse Prevents Scams and Ensures Transparency

Safeburse is Nigeria’s leading escrow service for money transfer and online payment. It provides a secure way of making online payments without falling prey to fraudsters and so it ensures transparency in all transactions. Here is how to protect yourself from fraudsters and ensure transparency with Safeburse:

Protection through Escrow

Safeburse holds money in an escrow account until both parties have confirmed performance of obligation on their part. In this way, it ensures that the transaction is fulfilled fairly and securely.

Verification Processes

It verifies the identity of both parties, whether buyers or sellers. This leads to lesser chances of going through a fraudulent organization or individual.

Secure Payment Gateway

Safeburse supports secure payment gateeways that are well-encrypted against cyber threats. It ensures complete confidentiality about the payment details you provided.

Dispute Resolution

In case there is any problem, it has an organized dispute-resolution process. This solves most of the conflicts effectively and fairly, therefore safeguarding the interest of both parties.

Transparency in Transactions

All the transactions taking place via Safeburse are transparent. The status of the transaction can be traced by both parties at all times. This brings clarity and trust to the whole process.

Notifications

The real-time notifications for all transactions provided by Safeburse keep the user updated and able to keep a trace of all transactions more closely.

ALSO READ: Secure car transactions with Safeburse

Conclusion

Online payments are convenient but come with their own risks. You can secure yourself against fraud and have transparency in transactions by avoiding the common mistakes and using the excellent possibilities of strong security that Safeburse can offer. As the best escrow in Nigeria, making a secure and trustworthy platform for your online payment, Safeburse is unparalleled. Practice safe online payment today with Safeburse and have peace of mind, knowing you are safe.