What is e-commerce fraud, you may ask? E-Commerce fraud is a trickery that specifically happens with E-commerce websites and gateway payments while shopping online. E-Commerce fraud is very common. Also, the internet is a thriving place for fraudsters looking for people who can make mistakes by placing trust in the internet.
If you are scared of e-commerce fraud, follow this article. This article will ensure that you don’t miss any pointers. We can help you save yourself from fraud.
What Is Consumer Protection?
Who are consumers? The market consists of two kinds of people; sellers and consumers. Consumers are mostly common people who go by day-to-day life purchasing goods and items they need and desire. Consumers make up 80% of the population, and even sellers at point of time are consumers when they deal with raw materials and wholesale goods.
Consumer Protection means that various laws protect the consumer of our markets through the judiciary. The economic market of India has set up a consumer protection law and Judiciary board where anything related to fraud, adultery, etc., can be reported. To avoid these incidents, Consumer Protection acts globally. In India, the judiciary actively exercises the Consumer Protection Act and law, and the government regularly implies new rules to improvise and adapt.
Tips For E-Commerce Fraud Detection
If you are looking for E-commerce fraud detection tips, read this article thoroughly. E-commerce fraud detection can be easy if you follow certain rules, while Gateway and net banking payments.
The first golden rule in e-commerce fraud detection is always checking the website’s authenticity, whether it’s real or not. Always make sure that you are on a website you know. Even if you are trying a new website, make sure that other people’s reviews are genuine and good.
Never trust advertisements that claim high discounts. Plenty of advertisements provide high discounts or even free goods with an unrealistic standard or quality. Free goods and discounts attract people. However, many forget that business only happens with the motive of profit, falling into the trap of fraudsters.
Don’t Fall For Social Media Advertisements
Weird advertisements of free goods and discounts on social media are the red line. It is because social media users are mostly teenagers or older people who don’t know much about it. Fraudsters boom on social media as it is easy to use. The security of the Gateway payments and advertisement section is very easy to access without any verification, unlike Shopify or Flipkart.
Avoid Bad Reviews
You must avoid websites with genuinely bad reviews even if the high prices of goods are cheap for customer attraction. Only go to a website for cheap products which have good reviews. Hence, a single misplace of OPT on the mirror website can steal from your bank account.
However, be careful in every step you take when shopping online, protecting consumers’ rights.
Tips For E-Commerce Fraud Protection
If you are looking for perfect tips for E-Commerce fraud protection, follow these steps carefully. This can help you even if you go wrong by any step, acting as a protection wall. However, you may lose money if you ignore these signs and still pay at the wrong website.
Always Pay By UPI If You Don’t Know Net Banking Properly.
Net banking can be tricky for many people. One can never know what is wrong if they don’t know the system correctly. With the wrong option selected in net banking, one can always get tricked into the words of e-commerce assistance. UPI is the easiest and most secure way of Gateway payment when going into E-Commerce websites as these are easy with pin and fast. Hence, it is easier to learn UPI than net banking.
Don’t Save Passwords
Never save up your browser passwords related to your banking PIN or log-in. Always secure your passwords close to yourself. Never save a pin or password of your UPI or net banking account in your browser. If several people use your laptop or mobile phone. It can be tricky to remember, but saving them can be accessed by anyone.
Suppose your phone gets stolen. It will be very easy for the thief to hack into your bank account through those passwords.
Never Ignore Notifications
Never ignore the notifications of unsecured payments or websites. UPI websites and banking applications always send us security information. If anything is wrong with the Gateway payment system or the connection is unsecured, always take those notifications seriously to save yourself from fraud.
Hence, the constant reminder of the notifications to secure and check twice about the payment you are proceeding with is important to keep things in check. The application and the website can directly block a payment if it’s already spam, giving you a red alert.
However, if you still ignore these notifications, they may be harmful to you. You should always check twice before ignoring these notifications.
Tips For E-Commerce Fraud Prevention
E-Commerce fraud prevention is a very simple process where you can be aware of where to pay and where to not. Save yourself from fraud and enjoy eCommerce shopping simultaneously.
Follow these tips and tricks to make yourself sure:
- Many fraudsters create a glitch when you are paying. This glitch helps them steal the OTP from you and withdraw the money from your account.
- Never share your OTP with anyone else, as the OTP is the main key to your account after you put on the pin that fraudsters can easily trace.
- Never press the back button or pay twice after the payment has been made or in the middle of your payment.
Tips To Safe Shop In International Shopping Sites!
If you are aiming to shop on international shopping sites, then you have to be double-sure about the payments you make. It is because the payments you make will be converted into different currencies.
Follow these tips for international shopping:
Always ensure that you uncheck all the additional payment boxes written in different languages. Make sure you do this before proceeding to your payment gateway.
- Ask the owner for the invoice directly, keeping a copy to yourself if anything goes wrong.
- Always ask for hidden shipment charges and confirm the payment after knowing everything.
Although International online shopping can be tricky, it can be done easily if you keep the safety pointers in mind.
In A Nutshell
The guide was specifically curated for the sole purpose of educating and making people aware of the protection for consumers. Online shopping can be difficult if a person doesn’t know much about the risk it comes with. Sure every advantage comes with some disadvantages. However, if the people interacting with E-commerce websites are careful, they will not fall into any loophole.