Safe Internet Shopping
The Internet is an incredible shopping resource, but can also leave you vulnerable to con-artists, frauds and scammers. Here are some safe e-shopping tips:
- Unsolicited e-mail should always be treated with suspicion. Never respond to bulk e-mail, even to ask to be unsubscribed (when you unsubscribe, that just tells them that they have reached a valid e-mail address).
- The safest way to purchase things online is with a credit card because you can dispute the charge if necessary. If your credit card number is stolen and used by someone else, you are only liable for the first $50 of charges (provided you inform the credit card issuer right away). Many banks will even cover the $50. ATM cards are safe ONLY if your card limits your liability to $50. Even then, a thief can empty your bank account quickly, which is a major inconvenience even if you ARE covered. A credit card for online purchases is better.
- Print hard copies of all online transactions on your printer (a respectable e-commerce site will tell you to do that). Printed copies of purchases are concrete evidence of a transaction if a dispute arises.
- Be careful of stores asking for a lot of personal information. An online transaction with a credit card should not require giving a merchant more information than is needed to verify your card and ship you the product. If they do, they may be collecting information about you that they can sell to someone else.
- If you use online auctions, use the protections they have put in place for you. Check the posted comments about both sellers and buyers. Use escrow services (with caution) if you are buying or selling big ticket items.
- The old adage, "If it looks too good to be true, it probably is" really applies on the Internet. Be careful of "great deals" and "special offers." Watch out for very cheap name-brand software - there are lots of copies of old (and no longer supported) versions of well-known products out there. Make sure you always know exactly what you are getting, no matter what you purchase.
- Watch out for free advice. Whether it's a stock tip from a chat room or unsolicited e-mail, avoid advice from total strangers. Why would they want to give you free advice? There's usually a motive involved, and that motive is simple: they want to make money off of you. Don't listen.