Cyber fraud is a serious problem that many consumers and industries are struggling with. Millions of people are affected by credit card fraud each year. The number of fraud victims and losses due to fraud all over the world keeps increasing, and credit cards are prime targets. That is why you should learn how to keep your credit cards safe.
In 2016, the Nilson Report estimated that losses due to credit card fraud topped $24.71 billion, a 12% increase from the previous year. In 2017, consumers in the US alone lost $905 million USD to fraud, which is 7% higher than in 2016, with credit card fraud being the most common form of identity theft; 33 million Americans were victims of card fraud in 2017.
Earlier, we presented tips on how to stay safe on your smartphone. Now, we want to help you protect yourself against credit card fraud by offering you 6 tips on how to keep your credit cards safe:
Keep an Eye on Your Card
When you receive a new card, the first thing to do is sign it on the back and make sure you destroy the old card.
Never leave your card unattended anywhere, and when making a purchase don’t take your eyes off the card. If you do, make sure you’re getting the right card back. If your card is lost or stolen, report it immediately. Fraudulent use of cards normally occurs within hours of the loss or theft.
Don’t Store or Share Your Confidential Information
Always keep your confidential information private. Do not write down your PIN anywhere, memorize it, and do not store information such as passwords or your credit card information in browsers or anywhere where they are unprotected. Be sure to turn off your browser’s autocomplete settings to avoid it storing your confidential information.
Also, do not share your personal information with anyone via telephone or email. You should never give out your card number by phone, unless you know that you are dealing with a reputable company.
To keep your personal information safe, you should always shred old receipts and statements before throwing them away. Shredding documents with your personal information is the best way to protect yourself from identity theft, as this will make it harder for a fraudster to find any information about you that they can use.
Beware of Phishing Scams
Common online scams today include the phishing emails, where hackers attempt to obtain personal information such as credit card details, usernames, and passwords by pretending to represent reputable organizations such as your bank or telephone company. Fraudsters are getting better every day at tricking someone into clicking on a link in one of these emails. These links either bring you to a website that looks like one you frequent often, where your information can be stolen, or they infect your system with malware that collects your data, including PINs and CVV authentication numbers when you shop online. Never click on a link in a suspicious email.
If you receive an email that appears to be sent by a legitimate company but asks for sensitive financial information and you are suspicious of it, always contact the company directly to verify the authenticity of the email. Banks will not ask you for confidential information via email.
Regularly Verify Your Bank Activity
Check your financial statements regularly. You should visit your bank or credit card website at least once a week to check that no unauthorized withdrawals or charges have been made. Keep your receipts so you can match them with the charges on your credit card statement. If you see anything suspicious, contact your bank or credit card provider immediately to report any charges that weren’t made by you.
Use Two-Factor Authentication
You should turn on two-factor authentication wherever possible, such as for your banking and credit card accounts. Two-factor authentication means that you cannot log in with only your username and password. Instead you will receive a one-time code that you must use to be able to log in. This guarantees an extra level of protection as it makes it more difficult for fraudsters to access your accounts.
Did you know that Payza offers you two-factor authentication to protect your account? Read about it here: Keep Your Payza Account Secure: Payza Security Settings Explained
Be Careful When Using Public Wi-Fi Network
Do not use any websites where you enter your card information when using a public Wi-Fi network. It is also recommended to use a VPN (Virtual Private Network) that lets you send encrypted communications through a separate and secure private network while using a public Wi-Fi network. Also, when shopping on a mobile device, you should use your cellular data instead.
Always be careful when using your credit cards. By following these precautions, you can ensure the security of your cards and protect your personal information.
Payza has security and fraud prevention in place to stop problems before they happen, so you can be assured that your funds in your Payza Account are protected. Also, when making an online purchase using Payza, our payment system adds an extra layer of protection between you and the merchant as your payment details are not revealed to the merchant when you pay.
The year is just getting started but Payza’s team of developers has already completed an important project that we think our customers will love: improved credit card payments and deposits!
While you won’t notice any changes to your Payza account, this update involves significant improvements to how our system executes credit card transactions to help ensure the best possible user experience.
Over the last year, we spoke to many customers who informed us of issues they faced when trying to make a credit card payment or a credit card deposit. Using this information, Payza’s development team implemented a number of fixes aimed at improving the experience for all our members.
With the latest improvements to credit card processing, members will face fewer declines when attempting to add funds or make a payment by credit card. One week after implementing this fix, we noticed credit card transaction declines decrease by over 50%, so more of our customers are able to complete their transactions on the first try.
We have also improved an issue with currency exchanges that was causing some members to experience higher than expected charges. We’re confident that with these new updates, our customers will love using their credit cards with Payza more than ever!
Our team will continue to monitor this feature to judge the success of our latest improvements. We welcome your comments and feedback and will be surveying selected users in the coming weeks.
Setting up your credit card to add funds to your Payza account is fast and simple
We at Payza are working hard to make setting up your account as efficient as possible. To complement our setup guides for both Personal and Business accounts, we have been preparing instructional videos for our most popular features as well. Our three newest video guides explain how to set up your credit card with your Payza account.
The first shows you how to connect your credit card to your Payza Account e-wallet; this will let you add funds to your account instantly. The second video teaches you how to validate your card; this will increase your spending limit and provide extra security protections. We conclude with a slideshow video of ideal scans or photos of documents you need to submit for validation.
How to add your credit card
You can add your credit card in just a few simple steps, so let’s get to it!
Validate your credit card
Once you connect your credit card, we recommend that you validate it. A validated credit card has higher transaction limits.
In some cases, you must validate your credit card before you can use it to add funds to your account.
Getting your documents approved on the first submission: How best to submit documents
In order for Payza to validate your credit card, we need to review images of your card and bank statement with care. We will refuse your documents if the images are hard to read or missing important information.
Here are some examples of acceptable images and common reasons why we refuse documents for validation. To save you time, make sure to submit high quality scans or images of documents you submit for validation.
We hope you found these videos helpful and encourage you to see our other video guides:
- How to add your bank account
- Payza India: How to use the India Local Bank Transfer Withdrawal feature
We will be adding more video tutorials to our YouTube page regularly. Stay up-to-date by subscribing to our channel today.
Instant loads to Payza from your MasterCard® credit or debit card.
Do you enjoy adding funds instantly to your Payza account with your credit or debit card? Then we have some great news for you! We have just launched the MasterCard funding option. This means you can now add funds to your Payza account with either your MasterCard or Visa card. The choice is yours.
How to link your MasterCard and add funds to your Payza account
Adding your MasterCard to your Payza account is simple:
- Log in to your Payza account, click “Wallet” in the left-side column, then select “Credit Cards” from the drop-down menu.
- Enter the number and expiration date for your MasterCard.
Once you have added your card to your account, you can start adding funds immediately.
To add funds using your MasterCard:
- Log in to your Payza account and click “Add Funds” in the top menu, then click “Credit Card”.
- Select your MasterCard credit card.
- Enter the amount you wish to add and click “Next”.
- Review your transaction details, enter your Transaction PIN and click “Deposit”.
A few simple steps are all it takes for instantly adding funds to your Payza account with your MasterCard!
Validate your card to increase your funding limits
In most cases, you can start using your MasterCard to add funds to your account immediately; however, it’s a good idea to validate your card with Payza for additional protection and benefits, such as a higher monthly transaction limit. You can add up to $3000 USD per month to your Payza account with a validated credit card. In some cases, you may not be able to use your card to add funds until the card has been validated.
Validating your card is simple: upload a photograph of your MasterCard and a recent credit card statement. For step-by-step instructions, read our article on how to validate your card.
Stay tuned to the Payza blog as we continue to launch convenient new online payment options that will be available across the globe or specific to your local region.
Payza is pleased to announce that the fees for credit card deposits and direct credit card payments are being reduced for all of our members in over 190 countries around the world. Our team has been working hard behind the scenes to bring more value to your Payza account, and they’ve delivered.
For deposits, when you use the Add Funds by Credit Card option, you’ll notice fees are 2% lower, down to 5%. We also reduced the fee for merchants on direct credit card payments by 2.5%, which means that Payza merchants can now process credit card payments for as little as 6.49% +0.59$ depending on their industry.
The new fees were made possible thanks to countless hours of hard work by our team negotiating lower rates with our partners in order to pass these savings onto you, Payza’s valued members. For more information about all of Payza’s fees, visit our Fees Page.
At Payza, we’re always looking for ways to help our members get more out of their Payza account, whether that means giving them a way to buy and sell Bitcoin, or giving you more options when you send money with Payza. Well, our team has done it again, this time by making it even easier to use your credit card when sending money online with Payza!
Now you can load your account by credit card and send money to your friends and loved ones all in one simple step. If you haven’t already connected and validated a credit card on your Payza account, this blog post has the instructions to help: Payza Offers Increased Credit Card Transaction Limits.
Send money online from your credit card in just one step
So you’re ready to send funds online using Payza, but you don’t have enough funds in your account, what can you do? With this new option you can load your account from your credit card with the exact amount you want to send and then deliver that money instantly to almost anyone in the world with an email address.
Simply log in to your Payza and click the “Send Funds” tab at the top of the screen. Then, fill in the details for your Send Funds transaction as you normally would, but under “Payment Options” select “Load from Credit Card”. That’s it, review the transaction details and you’re done! The new option is highlighted in the image below.
At Payza, we’re always looking for new and innovative ways to serve you better. Whether that means offering you more protection with Payza’s unique personalized avatars, access to an easy way to buy and sell bitcoins, making it faster for businesses to start accepting online payments, and so much more, Payza is constantly innovating and improving our services to make sure you get the best experience possible.
Today, Payza is introducing a simpler way to validate your credit card, and while we’re at it, we’re also raising the maximum transaction limits on credit card for qualified members. If your account is verified and your credit card is validated, you can be entitled to a $3000.00 USD limit on credit card transactions, a significant increase from the previous maximum of $1000.00 USD.
To validate your credit card under the new system, you simply need to provide an image of the front and back of your card, with sensitive information blocked out, as well as a recent credit card statement. Our team will review your documents within five business days. To qualify for the new maximum limit, please note your Payza account will also need to be verified.
Here’s how to complete the new credit card validation:
Inside your Payza account, select “Credit Cards” under the “Wallet” drop down menu on the left hand side. Then select the card you would like to validate:
Next, upload a recent credit card statement for the card you wish to validate and a photo or scan of the front and back of the card. You should block out the numbers on the front of your card except for the last four digits and the expiration date. You should block out any numbers on the back of your card but you must clearly show your signature:
That’s it. Review the documents on the next page and then submit them to our team. We’ll review your documents and advise you if any need to be resubmitted.
Update: Note that the validation procedure has changed – you now only need to submit a photo or scan of the front of your card in order to validate your credit card. However, it is still important to block out the numbers on the front of your card except for the last four digits and the expiration date.
MONTREAL, QC and NEW YORK, NY and LONDON, UNITED KINGDOM–(Marketwired – Apr 29, 2014) – At first glance, most payment gateways seem similar — enabling the processing of credit card payments. However, by taking a deeper look, ecommerce businesses will find that there can be significant differences and should ask about four critical areas of functionality before selecting a gateway. Choosing the optimal gateway for a business is important since credit cards remain by far the most preferred payment method. Credit cards accounted for 71.5 percent of U.S. payment volume and 78 percent of U.K. payment volume in 2012.
“The online payment gateway should provide an optimal mix of convenience, value and security,” said Ali Nizameddine, Payza’s Executive Vice President in charge of global product and technology strategy. “And, it’s critical that the payment provider offer the support needed to keep processing up and running at all times.”
According to the blog, “Picking the Right Payment Gateway for Your Business,” merchants should look for a payment gateway that includes four critical elements:
Convenience – Businesses should expect functionality such as daily settlements direct to the business’ bank account. Customers will appreciate the option to save their payment information for quick and easy repeat checkouts. The gateway should offer customers the ability to set up subscription payments at no extra cost. It should also be designed to work with a wide range of third-party online shopping carts.
Value – Businesses should expect a free merchant account without monthly or yearly service fees. They should also be able to process payments for under 3 percent and minimal extra transaction costs, with all costs transparent. The gateway should also include a robust resolution center that facilitates handling disputes with customers, minimizing the potential for chargebacks.
Security – Any gateway used by an ecommerce business should be PCI Level 1 compliant; i.e., it has undergone a stringent certification process to ensure secure credit card transactions. With PCI Level 1 compliance, transactions are protected by sophisticated encryption technology to keep information safe. Merchants should ask about advanced approaches to minimize the risk of fraud, while also minimizing the risk of “false positives.”
Support – Gateways should be accessible 24/7/365, and support should be available by whichever medium is most convenient for the customer — phone, live chat or email.
Payza is one of the world’s leading global online payment platforms specializing in e-commerce processing, corporate disbursements and remittances. Payza’s highly secure e-wallet platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With over 10 million members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website, www.payza.com, Facebook, Twitter and on the company’s blog.
Clarity Communications for Payza
415-963-4082, ext. 101
Great news! Payza members can now add funds to their Payza accounts using Visa credit cards. The Add Funds by Credit Card feature has been fully restored and is available for Payza members in most countries no matter the account type, Starter, Personal or Business. Check Payza’s Local Payment Options page to ensure that credit card deposits are available in your country.
If you don’t already have a credit card connected to your Payza account, you can add one by following these steps:
Connect your Credit Card To Your Payza Account:
- In your Payza account, click “Wallet” > “Credit Cards”.
- If you have not entered the information of the credit card you would like to use, enter it now.
- Select the credit card you would like to use and click “Validate Card”.
- For the Charge Method, In the “Validate by Charge” option box, click “Validate your Credit Card”.
- Check the box agreeing to the charge and click “Next”.
- In 2-4 business days, you will receive a small charge. Enter the amount of the charge in your Payza account to complete the validation.
You can also validate by Authorization Form, follow steps 1 to 3 above and then:
- In the “Validate by Authorization Form” option box, click “Validate your Credit Card”.
- Click the “Authorization Form” link and print out the form provided. Complete the form.
- Scan the completed form and a copy of the front and back of your credit card.
- On the Credit Card Validation page, upload the copy of the scanned form and the copy of the scanned front and back of your credit card.
- Verify the documents and click “Send”.
Note that it will take 3-5 business days for your documents to be reviewed. If your documents are approved, your credit card will be validated for use.
Add Funds to Your Payza Account by Credit Card:
Once you have successfully connected your credit card to your Payza account, you can use it to instantly add funds to your account. Follow these steps to initiate a credit card deposit transaction:
- In your Payza account, click “Add Funds” > “Credit Card”.
- Select the credit card you would like to use.
- Enter the amount you wish to deposit and click “Next”.
- Confirm the transaction details, enter your Transaction PIN and click “Deposit”.
If you ever have any trouble adding a credit card to your account or depositing funds using your card, you can find help in Payza’s FAQ section. Also, our friendly Customer Support Team is available 24 hours a day from Monday to Friday to help answer any of your questions. You can connect with Payza Customer Support by phone, Live Chat or email.
Want to start an e-commerce business but aren’t sure what to sell? There are thousands of product options, and narrowing it down can be challenging. From unique fashion accessories to health foods to vaping devices, here are 10 interesting product ideas with a strong upwards curve according to Google Trends.
1. Bow Ties
The fashion industry is always thriving, and men’s fashion is no exception. While ties have always been a classic accessory, bow ties are popping up on dapper dudes everywhere. Give your product an edge by using vintage materials or distinctive styling, like the dashing Slim Line Diamond Point design.
2. Pocket Squares
Following hot on the heels of the bow tie trend, pocket squares are also making a comeback as the newest must-have item on the men’s fashion accessory scene. An added bonus is that with some practice they are a product you can make yourself, thereby reducing your overhead costs and increasing profit.
3. Paleo Bars
The health industry has at least one thing in common with fashion, and that’s trends. One of the bigger trends at the moment is the Paleo diet, a nutritional plan based on the diet of Paleothetic humans. There are countless delicious recipes for Paleo versions of desserts and quick breakfasts on-the-go that can find a target market in health-conscious consumers.
4. Wood Sunglasses
Sunglasses are the quintessentially cool accessory, and with so many plastic or metal frames out there, consumers are looking for the newest styles. Wood is the new customer favorite, with Google Trends showing consistent yearly growth.
5. Wood Watches
Wood continues to be a popular choice for accessories – wood watches have been around for about ten years and interest in this product has steadily increased. There are still opportunities for growth (and opportunities for puns about time being money), although in the last couple of years growth seems to have plateaued slightly.
E-Cigarettes are quickly becoming a big business, mentioned everywhere from Reddit chains to Forbes Magazine. Sometimes called a personal or digital vaporizer, an e-cigarette is a self-contained vaping device used to simulate tobacco smoking.
Along with the upward trend for e-cigarettes, the liquid refills used in e-cigarettes are also (logically) seeing consistent growth. With some research you may be able to make your own unique blend of the liquid refill used in e-cigarettes, which makes this a great business opportunity.
A perfect blend of comfort and fashion, leggings are a product with a strong demand, showing considerable growth over the last couple of years. From leather to bold prints to organic cotton, there’s a style for every personality and every budget.
9. Coconut Oil
Pinterest is always a great tool for gauging trends in consumer interest, and there are thousands of Pins showing how coconut oil can be used in body scrubs, lip balms, deep conditioner and dozens of other health and body products.
10. Matcha Powder
Specialized tea products have seen a steady rise alongside the demand for gourmet coffee, and matcha, the finely milled green tea that is considered an integral part of Japanese culture, has spread to fans all over the world. Used as an ingredient in everything from classic tea beverages to delicate chocolate desserts, matcha is a hit with online shoppers.
Getting Paid Online
Once you have chosen the best product to sell online, you’ll need to decide how you want to get paid online. You’ll want a payment processor that is easy to integrate onto your website and is secure and reliable. A Payza account makes it easy to accept online payments, and there are lots of added bonuses like free recurring billing, built-in fraud protection, and no hidden fees. With Payza’s Credit Card Top Up feature, you can also make it easy for your customers to pay you instantly by credit card.