Some years ago a new Writer joined my team. Since I follow a policy of “paying everyone who works for me, including writers”, I asked the person to send me his bank account details so that I can send him the money. To this, he told me — “Sorry but I don’t share my bank account details online”. I told him to disembark the ship. No surprise, he never wrote for me again (even when he later presented his desire to write for me).
Irrespective of how unbelievable the incident may seem to you; but it’s real. I stumble upon such otherwise talented people every now and then. I feel sad for them, as with due respect to their ignorance, they lose a wonderful opportunity to earn money online.
If you want to make money online — through blogging or freelancing (writing or giving other services online); then make sure your ignorance or lack of sufficient information about Safe Online banking practices doesn’t prevent you from earning money online. Remember, if you’ve decided to earn your bread and butter online, then you will have to do all these four things at some point in your earn money online efforts :
1. Buy Some product or Service Online
2. Receive Money Online from some real Person
3. Send Money online To some real person
4. Sell some Product or Service Online
Hence instead of suspecting everyone, try to get informed about Safe Online Banking Practices.
Although the article is targeted at those who want to earn money online, 5 of the safe online banking practices shared below apply also to those who buy products and services online.
In addition, some of the tips are as much valid for Real World banking as they are for Online Transactions/banking.
Below are 6 Safe Online Banking Practices to Follow :
Don’t Share Online your Credit Card / Debit Card Number, Expiry Date, Grid Values (Under A, B, C D … on the back of the Card) and CVV Number (a 3 digit number on the back of your card, besides signature Strip)
Exception : While buying some product or Service Online, the eCommerce Sites such as Amazon, Flipkart, Snapdeal etc. offer you an option to save your Debit Card or Credit Card for Future Buyings.
If the Website is reputed , then you can save your card details.
Here the saving of details at these eCommerce retailers, means saving the card details such as Credit Card / Debit Card Number and Expiry Date only. The site doesn’t save on its platform anything else.
The moment you press the make payment button, you’re securely transferred, with no footprints behind to the highly secure payment platform or Payment Gateway such as Bill Desk, Visa etc. (which plays as a Wall between the eCommerce Website and Your Bank).
Thus, the real payment steps are taken on a highly secure platform, to which, even the eCommerce website has no access to. Hence don’t worry about security. These money payment platforms use double and triple security checks to ensure the safe payment. Double, triple security checks such as : Grid Values (Under A, B, C D … behind the back of the Card), CVV Number, 3D Transaction Pin, Bank Account User ID, Transaction password or OTP (One Time Pass Word delivered on your mobile number registered with your Bank Account, email registered with your Bank Account).
Hence don’t be afraid from shopping online.
Tip: Make Sure to buy from reputed Online retailers Only (such as Amazon etc.).
2. Never Disclose Your Internet Banking Password or ATM PIN to any Person Online.
3. OTP makes Your Online Transaction Safe
An OTP or One Time Password, is a 6 Digit Number sent by your Bank to your registered mobile / email when you initiate a transaction. The OTP is valid for a limit period, usually 24 hours, and after that it expires (cannot be used again).
Tip: Make it habit of getting OTP on your registered Mobile Number.
4. 3D Secure PIN
A six-digit PIN generated for additional safety for Online Card Transactions. It’s usually generate once and is valid for a couple of months.
5. Know the Sender of Bank Related Communication
If you receive emails from your bank, then make sure, it’s coming from your Bank. To ensure that, know the correct Online Address of you bank. For instance, ICICI Bank has Online Address : http://www.icicibank.com/
6. Bank Account details which you can share Online without any Fear
If any person wants to make a payment to your bank account and asks for Your : Bank Name, Bank Account Holder’s Name, Bank’s IFSC Code and Swift Code; then You can send these details to him/her.
If you want to make money online, then make sure you know the Safe Online Banking Practices. If you follow the above Safe banking practices, then you will not only make money blogging, make money freelancing etc.; but you will also make valuable contacts online (those who will help you earn real and substantial money online).