It is very common today for us to pay by means of our credit card. It is quite convenient to step up to the machine, pull out a piece of plastic and before you know it, the payment has been made. The unfortunate reality is, however, there are problems that can occur when it comes to paying with credit card and you could easily have your money stolen.
Today, it is becoming easier for people to steal your money when you use a credit card but that doesn’t mean you’re without options. The fact of the matter is, if somebody is using skimmer on a credit card terminal, there are ways to identify it. Take a look down through these pictures and you will be able to know if your card is safe or not at a glance.
A skimmer needs to be longer and wider than the terminal to fit into place. That is why a skimmer is noticeably larger from the outside. Using this principle can help you to recognise fraudulent devices.
No Button Highlights
When a skimmer is installed too quickly, it may block the highlighting button on the terminal
LED Is Blocked
The skimmer may also block the green LED light that should be on when your card is scanned.
In some cases, the skimmer may interfere with the magnetic strip. As a result, more errors are seen and it can slow down how quickly the terminal works. If the terminal is working very slowly, you have a right to be suspicious.
The payment terminal should have a stylus attached to it so you can enter your signature after your card has been scanned. A terminal inside of a skimmer doesn’t allow for the stylus to be attached.
Protect Your Money in the Following Ways:
How to protect your money
The most effective way to protect yourself from fraud is by having a separate debit card that would only have the sum you need for a purchase at hand.
Connect to the SMS banking service to promptly react to unexpected debits.
Set limits and limit cash withdrawal amounts, and the criminals wonâ€™t be able to withdraw all your money at once.
If you have lost your card and you think someone may have learned its details, immediately call your bank and block it.
Itâ€™s also good to learn about card insurance capabilities and terms with your bank. Some credit organizations have special programs for protecting their clients from fraud and reimbursement of damages.
When you pay with your card in a store, make sure that the employees do not take it away from you. If you pay in a restaurant, donâ€™t let the waiter take away the card – they can skim it discreetly. Demand that all the operations be carried out in your presence.
Read the receipts carefully after paying with your card. The field with the paid amount must not be empty.
Via: Bright Side
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