What are the benefits of using a credit card online?

Online payment is a set of payment services that enable non-cash payment through a system of virtual money or bank cards. This system is by far the most reliable and profitable, as it eliminates the risk of customer rejection in case of deferred choice (as with cash payment) and provides an opportunity to conclude a transaction for goods and services at virtually any time of the day. And today we’re going to look at all the benefits of using your Credit Card online!

What Goes into Online Payment

Nowadays, online payment is provided through such services:

• Virtual banking that uses Mastercard or Visa cards;

• Payment terminals;

• Electronic money, including YandexMoney;

• International payment services.

All of the above options are currently available to users in different countries and regions. However, each of them has its own nuances in work and interacts very poorly with non-special programs. As a result of such equipment there is a risk of data loss during processing, interference of swindlers in the payment process, as well as the loss of personal data of clients the only reasonable solution of this problem can be the connection of a special ready-made module on your own resource.

 Types of Online Payments

There are many ways to pay via the Internet. Let’s review each of them.

Payment to Courier in Cash

This is the easiest way. You pay the amount agreed in the order when the courier brings it to your home. You often have to pay for a delivery, too. This can be explained because the courier also needs a paycheck.

Payment by Bank Card

One of the most popular and fastest options. Card payment today about 15% of purchases on the Internet. At least one bank card is almost everyone. Contemporary online stores allow you to pay for goods using at least two of the most popular payment systems – Visa and MasterCard. Doing so is quite easy. You enter the number of the card, its code CVV2/CVC2 (three digits on the back of the card), click “ready” – the money is credited to the seller, the product is bought. This is a convenient way, if you remember the security rules. About them we will talk more. If you are not yet tied to any bank and are in search of the best of all, then be sure to register at MyCiti.com. Only with the card you will be able to pay for any purchases and will be able to use dozens of services and you will open hundreds of opportunities because this bank is unique. Then  login to citi card. Visit the official site and see for yourself!

Payment with Electronic Money

Electronic money was invented for online payments. Surely you have heard of them – WebMoney, Paypal, RBK Money. First people have to exchange regular money for electronic money. Formerly there were even special exchange offices, where such an exchange was made. After that it was possible to pay with them via the Internet. E-money was just transferred from your account to the merchant’s account, just like with a bank card – instantly. The disadvantage is that each time you had to pay extra for the transfer itself. Add to this the fact that you had to install special software on your computer, register in the system, top up your “e-wallet” with the so-called “e-cash”.

Payment Via Terminals

Surely you have seen payment terminals in crowded places – in shopping centers or at bus stops. They look like ATMs, but unlike ATMs they do not give out money, but only accept it. Paying through them is easy: you choose a service you want to pay for on the screen and enter the necessary information (for example, your account number or phone number). Then you pay in cash by inserting bill after bill into the cash dispenser – that’s all. The terminal must issue a receipt of payment. It’s true that if you pay through a terminal, you’ll be charged a fee.

How Not to Get Caught By Cheaters?

When you encounter money theft over the Internet, you regret that you did not know of elementary ways to protect yourself. Moreover, swindlers do not sleep and keep thinking up new ways to steal money: they hack your pages, steal PIN numbers and personal data.

How to Protect Yourself

First Tip

Never give out your personal data and PIN-code to anyone. Even if a person calls you and introduces himself or herself as a bank employee, or you receive an SMS with a request to write a PIN-code, call back a number or send a photo of your card. Money thieves don’t know your personal information. Can you imagine what a gift you will give them by putting all your information out there? By the way, online stores do not require the PIN code of the card. It is better to keep such information away from the bank card itself.

The Second Tip

Carefully study the site of the online store. Some “craftsmen” specifically create sites to steal other people’s money, copying well-known online stores. If the price of your order seems suspiciously low, or if the website has only good reviews, you should be alerted. Look for information about the store, read reviews about it on the web. And do not forget about MyCiti.com.

 A Third Piece of Advice

It is advisable to pay for purchases only from your computer. There may be special programs on someone else’s computer that read your information. It’s easy for a professional to steal your data. If you do make a purchase on someone else’s computer, then log out of all possible programs and delete all your data.

Fourth Tip

A virus is another way to steal money. Install antivirus software on your computer or tablet and update it regularly. If the theft does happen, urgently contact your bank or payment system.

Bottom Line

E-money works the same way as regular cash – you can use it to pay for goods or services. The difference is that it lies on an electronic medium: a bank card, an electronic payment system account, or an electronic wallet. And today we looked at the basic advantages of using a credit card to pay online! After all, it’s modern and convenient!