Moneybookers says how to protect money against fraudsters

In light of the tough economy environment when food and energy prices are increasing and consumer credit is restricted by financial institutions customers will have to be thriftier this Christmas season. To the best possible prices from a wide array of retailers online shoppers will be widely using price comparison sites. In this regard experts are warning against giving out personal information, such as debit or credit card details, to lesser known merchants.

Moneybookers payment processor is among those companies expressing their concern about the future fraud accidents and making some cautions on the subject.

The company notes that the safest way to pay online is always the eWallet, where financial data is deposited only once and with a highly secure provider. By shopping online with an eWallet, you can pay quickly and securely using only an email address and password.

Besides, customers are encouraged to always check for the key symbol on the browser used. If your data is transferred unencrypted then it could fall into malicious hands and be misused. That's why you have to watch out for the key symbol at your browser - a guarantee that the information will be sent securely.

Shoppers should read customer feedback and weigh up the security of the site. Online shoppers should also look for an escrow service which provides additional security in the case of the purchased goods not arriving.

Check that customer service can be reached before making a purchase: If you can't get hold of anyone before you buy then you won't be able to at a later date either.

And the last is that customers need to be careful on websites that provide limited information: If there is no name or contact person then you shouldn't shop with that site. Also, if there is incomplete information about data privacy then the provider may intend to pass your personal information.