Individual Strategies for Managing Purchase Risk
Be kind to yourself. Recognise that it will take a bit more time when you are learning something new.
Start with small purchases. You can learn online purchasing by making small purchases from online websites of reputable physical stores that you know. They will often be able to help you if anything goes wrong.
Address details. Double check if you have included the correct contact details - your name, email, and address.
PayPal. Use PayPal for added security as you don’t share your financial details with the provider. PayPal also reimburses you when your goods are not delivered. Alternatively, arrange a low limit credit card dedicated for purchasing online products.
Prepaid cards. Another safe option for online purchases are prepaid cards from supermarkets.
Do your research. Research before committing to buying anything online, especially if it is a new app or a digital resource. You might not need it, or there might be a free version. If you are not comfortable with the purchase, don’t do it.
Be wary. When considering purchasing something online, be careful and critical, scrutinise the sites’ reputation and read customers’ reviews. Stop if you notice anything unusual, it might be hackers or scams. If it’s too good to be true, it’s probably not true. You can always find safer alternatives.
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.