Individual Strategies for Managing Purchase Risk
Do your research. Scrutinise online reviews when considering purchasing something. For example, If the review is filled with nothing but glowing praise or complete hatred, it may be worth a closer look. Pay attention at facts more than opinions. This includes using tools that compare prices and reviews. Remember to include the total price (delivery, GST, import taxes and other fees).
Privacy settings. Utilise privacy setting on your social media accounts to increase privacy of your purchases and purchase data.
Hidden costs. Make sure that you always double-check any purchases and transactions for hidden costs and fees. For example, is the app free or only free on its 10 day-trial? Is freight included? What sort of processes and costs are involved when returning items?
Banks and financial institutions.
Go onto your financial institutions’ website and explore their tutorials on online banking. Alternatively, go into a branch and ask for assistance and take notes
Remember to regularly check your accounts for unusual activities
If you make a mistake or notice something unusual in your bank account – go to your financial institution immediately