Chargebacks and online purchases: How to protect your finances in internet transactions

With the growing popularity of online shopping comes an increase in fraudulent schemes aimed at stealing financial data and unlawfully debiting bank accounts or credit cards. However, there are several methods to safeguard your finances when making online purchases and utilize the chargeback process when necessary.

When making online purchases, it's preferable to use secure websites with SSL encryption, ensuring the safety of data transmission. This helps prevent the theft of financial information and protects your personal data.

Before making a purchase, it's useful to review the seller's reputation by reading reviews from other users and assessing the company's reliability. This can help avoid falling victim to fraudulent schemes and verify the legitimacy of the purchase.

Handle payment data carefully and avoid transmitting it over unsecured Wi-Fi networks or computers. Payment data should only be entered on secure websites using secure networks.

Regularly monitor financial transactions to quickly detect any suspicious activity and take action to block or refund transactions using the chargeback process.

It's important to be familiar with the chargeback process and its conditions. In case of unauthorized debits from your account or receipt of substandard goods, filing a chargeback request can help recover stolen funds or request a refund for poor-quality products.

Adhering to these simple security measures can help protect your finances when making online purchases and, if necessary, utilize the chargeback process to protect your rights and interests.