Blog Misc Is it Safe to Use a Debit Card Online? How To Secure Yourself

Is it Safe to Use a Debit Card Online? How To Secure Yourself

date November 14, 2021 time 5 min read 2853 views

How do you often make payments for online shopping? Is it cash on delivery or card? If card, you must have wondered, is it safe to use a debit card online? Have you found the answer? Let’s dive in.

Debit cards are accepted almost everywhere and they make it easy to use your checking account. You might wonder what’s the security code on a debit card and how it works. Each debit card has a special security code to protect the funds in your checking or savings account. However, many people are still afraid of debit card fraud that means their money has been stolen. Compared to a credit card, using a debit card online is probably less safe for several reasons. But it is the top payment priority for people who do not like credit. In this article, we will suggest some tips to secure yourself when using a debit card online.

“Is it safe to use a debit card online?” is a question that most users care about. (Source: Pixabay)

Several benefits of using a debit card 

The first advantage of a debit card is that it is safer than cash. If your wallet with cash is stolen, you may not get it back while payment cards, and debit cards, in particular, can be canceled and replaced swiftly and remotely.

Your enneagram core motivations and enneagram types core motivations might affect how you treat money and the way you manage your finances. Besides, a debit card keeps your costs low and manages your money more efficiently than a credit card. A debit card does not require the annual fee found on some credit cards, and it helps you avoid racking up to debt because it limits your ability to overspend. 

However, the answer to the question “Is it safe to use a debit card online?” is not clear. When it comes to shopping online, many think that it is probably safer to use a credit card than a debit card. So, which one is better?

Is it safe to use a debit card online?

Most people are confused about “Is it safe to use a debit card online?” and debit card fraud could be the biggest problem. 

If you encounter debit card fraud, you lose money immediately. In other words, your money is deducted from your bank account. In that case, you need to ask the bank’s support about the misuse of your card and possibly get the money back. 

However, with a credit card, it is your bank’s money, not your money. After you have made the purchase, you have to pay it back along with any fee or interest that the bank may charge you. Hence, a credit card offers you a sort of protection in case of fraud.

If your card information is stolen and purchases are made without your permission, you'll see the difference between a debit card and a credit card.
If your card information is stolen and purchases are made without your permission, you’ll see the difference between a debit card and a credit card. (Source: Pixabay)

The biggest difference between credit cards and debit cards is the way to get your money back when getting frauds. For a debit card, you will first lose the money before asking for getting it back. Remember that getting money back into your bank account is a painful and slow process. For a credit card, you will not lose any money, unless at a later stage your bank refuses to accept your claim of fraud and asks you to pay. 

How to secure yourself from debit fraud?

In addition to fraud, there is little difference between using a debit card and a credit card for online purchases. So, when you have no option besides a credit card or do not want to use it, a debit card can be the top priority for online transactions if you follow basic security rules.

The first thing you need to remember is to make sure you are buying from a well-known online retailer and the site is secure and encrypted. For example, when you’re checking out, the Web site address should start with https, not http.

Additionally, you should check online buyer reviews of the site, especially read its privacy policy carefully to see how they will use your personal information. Do not store your payment information with a site that is not secure. Also, take a look at its return policies, warranties, and guarantees. 

Unless your computer is protected with a firewall, plus antivirus and antispyware software, do not make the purchase.
Unless your computer is protected with a firewall, plus antivirus and antispyware software, do not make the purchase. (Source: Pixabay)

Monitoring your account is one of the best solutions to answer the question “Is it safe to use a debit card online?”. You should keep tabs on your money, and it is essential if you are sharing account information online. Don’t forget to check your accounts regularly, at least once per month at a bare minimum. Take advantage of setting up alerts in your account so that you can know when money goes out.

Also, you need to check your account activity periodically, especially if you often use online banking. Review your balance and transaction history so that if you find anything wrong, report those discrepancies to your card issuer immediately.

Another thing we need to emphasize is that never provide your debit card information in an email. Remember that no company worth doing business with will ever request your debit card information via email, but scammers often do. If it is a bargain or a deal is too great and the email contains too many spelling and grammar errors, it probably is a phishing scam. 

Never reveal email or text personal information, passwords or PINs to any website.
Never reveal email or text personal information, passwords or PINs to any website. (Source: Pixabay)

Besides, make sure you are shopping in secure connections. Though mobile devices and free Wi-Fi make it easy to get things done, public wifi and hotspots aren’t the most secure. Hence, if you are going to access financial accounts or punch in card numbers, hit pause and wait until you are back home. 

To sum up, is it safe to use a debit card online? The answer is that it depends on how you use and secure yourself. If you do not know which debit card is secure, MyConstant Debit Card is a great idea.

Spending and investing more with MyConstant Debit Card

MyConstant Debit Card is a good idea to spend and deposit money online onto the card from your instant-access funds – up to $5,000 with no minimum. We assure to offer you bypass the banks and have the freedom to start compound interest investments with your privacy and security. 

Most current accounts have less than 1% interest, so in reality, you could be losing money once you factor in inflation. With MyConstant’s Instant Access account, you can earn 4% APY right up until you are ready to make your purchase. An added bonus is that your card will be accepted by over 40 million merchants worldwide. 

Also, we offer you chances to earn interest on crypto up to 7% APR or use the cash to buy even more crypto (or different investments).

Other benefits include:

  • Rates as low as 6%
  • 24/7 customer service no matter where you live.
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  • Early repayments for lower rates.
  • Store and borrow against over 70+ different cryptocurrencies.

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George Schooling

George Schooling

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