How can online transactions be safe?

0 votes
asked Sep 16, 2011 by xedric14 (941 points)
I did not take any IT related courses so as an end-user representing the rest of the world (hehe)

I'm paranoid about this: fact that I only requested online transactions and not personal / by papers, I have nothing to prove and therefore the company that I am transacting with can cheat me.
say I buy a Tablet for $500 and I provide the information necessary: How can I be sure that the company will only take $500 from my bank account and not 600 or so?

i'm soon to open a bank account and am currently deciding whether I should open another for internet transactions

i;m asking here cause i'm pretty sure most of you has this kind of account
since you are professionals of this field,. but me I'm from a different world - medicine, it is. so there hope you can help.

2 Answers

0 votes
answered Sep 16, 2011 by Xiro (4,448 points)
After over a decade of buying just about anything online I have never had this happen, I know a company cannot just take more money than they are suppose to as you can do something about it, others that post here will have details on the matter. Personally I use a credit card online yet only use funds that exist, it is because if something goes wrong I can review the charges before I pay my bill at the end of the month as well as keep my back account away from online shops for the most part.
commented Sep 16, 2011 by xedric14 (941 points)
If you don't pay, they sue you.
my mother herself signed up for a credit card.
she spent a little too much and went like -$300.
due to some constraints, she kind of ignored that credit, and when she was to pay it, it was more than $3000!!
kind of a scam I didn't really know how she settled it, but she was able to pay that debt for less than 3000 but surely more than 300.
don't know if they just tried to scare her, but that thing surely is something dishonest.

i wouldn't have been opening another credit account but, it seems necessary nowadays.
so there. thanks for sharing :)
+1 vote
answered Sep 16, 2011 by Josh_M (2,661 points)
I have never had a problem buying something online but I have received defective products. I only go through companies I know and trust and they always have an excellent return policy for defective items. Whenever you are going to buy an item from an online store, look at the URL at the top. If it says https:// then you know that the site is secured and your transaction should not be viewable by anyone but you and the company. And assuming it's a reputable company, the transaction will complete and you will receive your product within a reasonable amount of time.
commented Sep 16, 2011 by xedric14 (941 points)
if a reputable company scams you, what would you do then? it feels like "you against the world" right?

and yea i know things about the https protocol but the banking transaction behind it, it's not transparent so i'm really wondering how..

bdw,thanks man! :)
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