What is the Safest Payment Method?

Online security is important to most people and most of us want to be cautious with the information we are giving out. While PayPal is a safe alternative, fewer people are using it and it isn’t an option for those in many foreign countries. Because of that, it is important to look at some alternatives that can be used to help finalize online transactions, without experiencing problems.

For example bitcoin is anonym and very secure and it can be used to help you complete an online transaction in a very safe manner. None of your personal information has to be put online and the individual being sent information only receives the information you want them to have. This can be ideal in cases where you are only looking for digital content that just needs to be downloaded. This can include music and video downloads e-books or even a website hosting package of some kind.

Of course, that doesn’t mean that tangible goods should be ordered with these bitcoins, unless there is a reason for you to seek anonymity. The reason is that once the transaction is finalized, you have no form of recourse to get your funds back. That means if you spend an $800 Bitcoin and receive nothing or an inferior alternative, there isn’t anything that can be done. If you are dealing with a public company that people know and trust, using the crypto currency might be an okay solution.

A good idea is to take time to review the Bitcoin information at this site. This information can help you to better understand this form of crypto currency, so you understand the pros and cons that are associated with it. There are quite a few myths and misconceptions that are still out there about it and the Bitcoin information at this site can help you to decipher all the information out there, so you can make an informed decision if you want to consider shopping with it.

If you are dealing with a company or individual you don’t know, try to use PayPal or another secure form of payment. That way, you have some form of recourse or protection, should something happen. PayPal also ensures that no banking information leaves their website.

When shopping online, it is important to use a credit card when possible. Credit cards have an extra layer of protection that debit cards do not have. If something goes wrong, the credit card issuer can stop the payment that is issued, so that you aren’t charged. Unlike a debit card where you can be out money that you need for 7 – 10 business days, most credit card issuers will clear up the charge quickly. That will give you the chance to get move on from a problematic transaction.

Ultimately, you need to determine the purpose of the transaction and keep the following in mind.

Never give confidential banking information to a website or individual you don’t trust.
If you need to maintain discretion, Bitcoin is a smart choice.
If you need protection, but need an extra level of buyer protection, PayPal is the best choice.
Never use Western Union or a Money Gram to finalize any online purchase.
As you can see, the safest payment method ultimately depends on the type of transaction that is taking place. It will be up to you to evaluate a transaction in advance and to determine the best payment option you have available to you to protect your identity and your financial information.