Risky places to swipe your Debit Card
In order to understand the risks associated with swiping your debit card at unsafe places, we need to understand how the transactions made through debit cards work. When you use a debit card for making any payment, the money is directly transferred from the account with which your card is directly linked. It is not like credit cards that at first the amount to be paid is transferred from the account of the intermediary that can be a credit card company is any financial institution and then you have to make payment to the credit card company whenever it is due to be paid.
The major difference is that you can decline for the liability arouse through the credit card if it has been fraudulently used by some other people but in the case of Debit Card you cannot deny as money is directly flowed from your account. To avoid such hazards you have to know about the places which are risky to use your debit card i.e. where the security data of your card may e robbed and with the use of that your money too may be robbed.
There are lots of places that are risky for using your debit card. But there are four major risky places and we will discuss about the risk associated fir swiping the Debit card at such places. Let us consider those four major risky places:
The Gas stations are the most risky place to use your Debit cards. Many petrol pumps have kept the skimming machines. The magnetic strip is printed in these skimming machines. Some times micro cameras are set to get the footage of the PIN you type for making the payment. So that after receiving all this data your account can be hacked and thieves can rob your money.
While you visit one of the best restaurants of your city that suits your status, and when you have to make payment for the bill, you provide your debit card to the waiter. This is one of the biggest mistakes you make. Because when you give your debit card and it is taken away from you for the payment, the magnetic strip can be copied and can be used for fraudulent purposes.
Outdoor ATMs are the scariest place to swipe your ATM. This outdoor ATMS may also contain skimming machines or footage cameras attached to it. These machines are placed along with the original slots to misguide you. As these outdoor ATMs are not under the security the ratio of occurring fraud may increase. So be wise and swipe your Debit Card at the ATMs where there is more traffic. It is also safe to use the same at the retail outlets.
When you are making purchase through online sites which offer huge discounts, you are unaware about the risks associated with the online payment making transactions. It is always shown that the payments made through this site are highly secured, but they are never secure. The malware may detect all your account details along with password and all such details are stored in a database and in this way crores of rupees are hacked.
Point to be taken care of for swipe your Debit Card:
- Always sign the strip given in your debit card on which the signature is required. It is the legal need to offence anyone for the fraud conducted.
- Try to pay at risky places through cash rather then swiping your Debit cards at such places.
Be Smart, Be Safe!