Sunday, November 27, 2016
6 Steps to Avoid Credit Card and Debit Card Scams
How often have you seen charges that ranges from $2-$30 and for a second you wondered what the charge was but ignored it. Don’t! This is a sign that you may have a victim of fraud.
The Federal Trade Commission (FTC) has been cracking down on debit card scams. However, most of the charges are not disputed. In addition, some charges are not detected by bank antifraud software. Some customers do not bother to dispute fraudulent charges or unaware of them. Here are 6 ways to protect your personal and business credit and debit cards from fraud.
Follow Your Intuition
Go with your gut feeling. Don't doubt yourself.
Avoid Giving Out Personal Information
Do not give out your checking account number, tax id, personal or credit card or debit number over the phone or via email unless you know the company and understand why the information is necessary.
Verify the Caller
If someone says they are taping your call, ask why. Don't be afraid to ask questions.
Verify the Company Policies
Companies do not ask for your bank account information unless you have expressly agreed to this payment method.
Do Business With Well Know Companies
Do business with reputable companies. Be sure the company website has a physical address that is verifiable and a phone number that is answered by a live person. Verify the company phone number in the Verizon online yellow pages or conduct an internet search on the phone number.
Report Fraud Immediately
Report the fraud to the FTC at ftc.gov by filling out an identity theft complaint form. Also report the fraud to your bank or financial institution.