Online banking & shopping

[MackemX]

DO you do it and how safe do you really think it is?

I do it but I know it's not 100% safe and a lot more fraud goes on that is made public. Anyone know exactly how much?

[Abbadon]

Hello,

Nothing is certain in this life, however, taking chances is part of the risks in almost everything we do.

I do online shopping, mostly with reliable stores that use encryption, if I have to purchase something to a third party, like amazon.com marketplace, I make sure it is for a very low amount I won't regret

Just to give you an example, I decided to purchase a sound track for just one dollar, it was a long shot, but at the end I got my CD.

I don't do online banking per say.

[JSB1]

I have doing online banking for many years... I would guess from 2001. In the begining, about 2 times a year, an online payment would be lost. I would call my bank and they would straighten everything out. But that was several years ago. All is good now.

JSB

[waheed]

I only do online shopping when needed. Never done online banking. I first verify if the site is secured. Alot of sites use 128 bit encryption, some now even do 256 bit encryption. But as said, nothing is 100% safe.

[Cole]

Have been banking for about two years and thus far (touch wood) have had no problems at all.

As for on line purchases, I have a dedicated credit card for that. I did have some fraudulent credit card purchases earlier this year, but the credit card company was the one that picked up on them and contacted me about them before I even knew they had happened.

I consider that using a credit/debit card on line is just as risky as using it in a shop or restaurant. A restaurant I would consider the most risky above the internet; I would only use my card if the waiter has a hand held terminal and they bring it to my table; never do I let my card out of my sight.

[Faustus]

I do online banking, and ebay via a paypal account. Also I often shop online with my check card or credit card.

In all the years I've been doing so I've only had one problem ever.

Seems newegg.com (great store that it is) somehow charged my credit card for 4 sticks of ram that were ships to some dude in California. I don't think it was a credit card scam, or even an online scam. I think it was a mistake on their part somehow.

I tried to fight it with newegg and with my credit card co. both tried to fight ME back. It wasn't until I pointed out to newegg that I have an account with them and they can't even pull up the transation detaisl with me because the transaction is not listed on MY account that they shut up. And it wasn't until I Pointed out to my credit card company that in the past when I've shipped to another address on the other side of town I've had to work it out with them FIRST yet they shipped halfway across the country without even checking that THEY shut up.

Not sure who at the money on that one but it for sure wasn't me.

That being said, a screw up is sorta the price to be paid with any modern day banking situation, online or not.

Years ago an ATM pulled out 200 from my account from a store I stopped at every morning at the time. Problem was it pulled this extra $200 out 20 min after I pulled out the original $200 and drove to work. That took about 48 hours to fix with my bank at the time.

So in general I don't think online is any more risky then the normal kind if you stick with places with a good rep, and run defense by keeping up with your purchases and info.

[JSB1]

I consider that using a credit/debit card on line ...

In the US, a debit card DOES NOT have the same safegaurds as a credit card ($50 liability for fraud).

JSB

[hudsonf]

The only thing I do online with my bank account is check my statements. I do a lot of online purchases. I feel safer using my credit card online with a secure site than I do using it over the telephone or in stores. When you use your card over the phone you don't really know who your giving the information to. When you use your card in a store you don't know who is going to see the store receipt.

[Cole]

When you use your card in a store you don't know who is going to see the store receipt.

For the past two/three years most stores, in the UK, don't have the full card number printed on any reciepts anymore; maybe just the last four digits. Still, that doesn't stop me shredding all my reciepts when it's time to get rid.

[mrtristan]

I do online banking and shopping. I manage my major accounts online, as well as pay most of my bills. When I shop, it's usually at the same places, so trust isn't really an issue. If I do decide to purchase something from an unknown site, I do research through bizrate and related sites first. What I look for is the negative comments and return policy.

I've had my identity stolen in the past and it was a nightmare to clean up. Most of the creditors that extended credit to the false identity were pretty easy, but MBNA really pissed me off. Despite the police report and documents of 4-5 other companies who deemed the accounts as fraud, MBNA just wouldn't believe me. When a customer rep finally called, she was very accusatory and downright offensive.

Everything was eventually cleared and my credit remained unchanged.

[hudsonf]

When you use your card in a store you don't know who is going to see the store receipt.

For the past two/three years most stores, in the UK, don't have the full card number printed on any reciepts anymore; maybe just the last four digits. Still, that doesn't stop me shredding all my reciepts when it's time to get rid.

Have you seen the store copy? Here in the US most if not all store copies have the full card number. The customer copies have 4 numbers.

[waheed]

Yes, ive seen the store copy. Both the customer and store copy have identical credit card numbers, with stars and followed by last 4 digits. Stores give you their copy that needs to be signed first before they take it, which you can check.

There are a few stores that still use the traditional display of full credit card number. I try to avoid those or pay by cash.

[Cole]

When you use your card in a store you don't know who is going to see the store receipt.

For the past two/three years most stores, in the UK, don't have the full card number printed on any reciepts anymore; maybe just the last four digits. Still, that doesn't stop me shredding all my reciepts when it's time to get rid.

Have you seen the store copy? Here in the US most if not all store copies have the full card number. The customer copies have 4 numbers.

I used to work in the retail business; the numbers are not present on the store copy in the UK either. IIRC, the store I worked in has to keep the store copy for six months in case of any queries from the bank/aquirer.

[waheed]

Now, stores are using Chip & Pin, which is all electronically done rather than printing out your credit card number.

Insert your card, input your pin, transaction completed. Get the receipt without your credit card number.

[Guest]

all major credit cards now allow generation of one time use numbers.these are only good for one transaction.

[AlecWest]

DO you do it and how safe do you really think it is?

I do it but I know it's not 100% safe and a lot more fraud goes on that is made public. Anyone know exactly how much?

From what I hear, many pro ID thieves get info by rummaging around in city dumps looking for documents with critical data on them ... or brazenly swiping mail out of people's mailboxes before they can get to it. Others probably have a "deal" with an unscrupulous clerk at a store to take down (and pass on) CC info they come across.

I either pay my bills online, charge-by-phone, or in person. And, I do a lot of ancillary purchases online without any irrational fear. In any transaction, things can happen. And I have been the victim of credit-card ID theft ... but it occurred immediately after I made a phone-order from a vintage (78RPM) record store in Arizona (and perhaps not so strangely, the first fraudulent charge made on my card was at an Arizona business).

Bottom line? Your credit card info is only as secure as the person on the other end of the transaction ... regardless of whether the transaction is online, by phone, or in person. So, while trusting the transaction "mechanism" is a reasonable concern, it's much better to be able to trust the company you're doing business with.

[smearbrick1]

First time I read this, I thought it said "online spanking".

I was going to ask if someone invented a new computer peripheral I hadn't seen yet.

[MackemX]

https://www.videohelp.com/forum/viewtopic.php?p=1379159#1379159



I didn't see it as spanking as I wrote it but looking again it could be something else even more unappropriate

[glockjs]

if you really dont trust a site...sometimes it's a good idea to go to a checks cashed place and buy a prepaid visa

[hudsonf]

I know all the store receipts where I have used my credit card had the full number and my copy had the Xs and 4 digits. Maybe in the US things are different or maybe just the stores I shop in. Either way there are ways to get credit card numbers. I do have one question tho. If the store doesn't have your complete number how do they know who's card it was if a problem comes up?

[Xylob the Destroyer]

I do shop online from vendors that I research and decide are reputable enough.
I have been accessing my bank accounts and moving money between my accounts online for a few years, but I do not use online bill-pay (utilities, insurance, etc.), as I have heard more negatives to this than I have heard positives ("power company took the money 3 days before they should have, now I'm overdrawn", "phone company took the money twice by accident, now I'm overdrawn", "insurance company took $3000.00 instead of $300.00, now I'm fucked!")

[AlecWest]

I do shop online from vendors that I research and decide are reputable enough.
I have been accessing my bank accounts and moving money between my accounts online for a few years, but I do not use online bill-pay (utilities, insurance, etc.), as I have heard more negatives to this than I have heard positives ("power company took the money 3 days before they should have, now I'm overdrawn", "phone company took the money twice by accident, now I'm overdrawn", "insurance company took $3000.00 instead of $300.00, now I'm fucked!")

That stuff can happen but it's pretty rare. Still, I hear what you're saying. I only have one automatic debit ... my car insurance ... and only because they give a pretty good discount for it. I've been with them for a number of years and they've never overcharged me once ... and their bills always seem to hit my bank on the 2nd Monday of every month, so I've never been surprised.

But, I certainly wouldn't make "auto-pays" a habit ... especially when a bill can vary from month to month. I heard one horror story about a single mom who'd just moved from one state to another. She got a huge cellphone bill because her teenage daughter made a lot of calls to her long-distance boyfriend ... it was auto-paid out of her check account ... and everything else started bouncing.