The countdown to Christmas is on!
Will you be shopping online this holiday season?
According to the National Retail Federation, 50.8 percent of Americans will make at least one holiday purchase online. But as more consumers turn to the Internet to do their shopping so do the fraudsters with their scams.
Some people like to shop online because of the convenience and others like the exclusive sales available only on the web. Whatever the reason, take steps to protect yourself and your financial information. Don’t let the spirit of the season get ruined by online fraud.
Protect yourself with these tips:
- If you’re not sure, don’t share. Anyone can set up a website these days so be sure you’re familiar with the retailer’s site before you give them any of your financial information. The Better Business Bureau has a list of about 70,000 safe websites to check out.
- Is the site secure? Look for the ‘s’ in https:// and a small padlock at the bottom of the screen before entering any payment information.
- Know the terms of your purchase. Is the product returnable and if so, who pays the shipping fees? How long will the product take to ship? What does shipping cost? Read the fine print. If it’s not clear or you don’t agree, make the purchase elsewhere.
- Print & save. Be sure to print and save the transaction receipt, the order number, a customer service phone number, and any other information you can just in case there’s a problem with your order.
- TMI. Don’t divulge too much information to anyone on the Internet. If a website is asking for your bank account number, social security number or driver’s license number, don’t share it.
- Know your rights. If you suspect you are a victim of fraud, you can contact the Federal Trade Commission. You can also contact the Iowa or Minnesota Attorney General. Be sure to report it to the Better Business Bureau, too.
Online browsing and efficient shipping methods can help make tracking down that hard-to-find gift easier. Simply stay informed and be smart about your online purchases.