6 Things You Cannot Afford To Ignore While Making Digital Payments
                     6 Things You Cannot Afford To 
Ignore While Making Digital 
Payments
Digital payments is the future of commerce. Advancements in the digital 
world have made online transactions convenient and safer. It has not only 
enhanced the online shopping experience but also made the payment 
process really streamlined. Here are some of the positive impacts of 
digital payments.
Quick: Digital payments makes the physical writing of cheques or cash payments seem passe. 
Add to this, the convenience of a direct click-through mechanism that can be built in e-
statements, e-bills, and online payment receipts after making them interactive.
Environment-friendly: Needless to say, making payments online significantly saves paper, and in 
turn our environment. Today, e-statements, bills, and receipts are auto-generated online and with 
just a click, you can view bill details and proceed to make payments through the same platform.
Cost saving: "Going Digital can save the country INR 20,000 Crores," says Govind Rajan, COO, 
FreeCharge. Enterprises stand to save upto 70% on their operational and backend expenses.
Price offs: A lot of coupon sites tie up with e-commerce sites for promotion leaving customers 
with a smile on their face right before they check-out.
Various safety mechanisms have been developed to secure online customers. OTPs, phone 
verification, finger print verification, are some of the modern safety features that go into making 
online transactions safe. This abridges the chances of frauds and thefts.
Here are some of the things you must keep in mind while making digital payments:
1.Select the preferred mode of payment: Choose from a wide range of options like net banking, 
credit cards, debit cards, e-wallets, etc. depending upon personal convenience or the rewards 
associated with them. Some credit cards offer cash back while some banks offer discounts.
2.Never save your card details online: You must ensure that you do not disclose your card or 
accounts details to unauthorized sites or save them on any website.
3.Double check before making the payment: A wrong transaction can be hasslesome, so it would 
do you good by ensuring that you have filled in the right details.
4.Maintain Transaction Records: Save the receipts of every transaction as proof of payment.
5.Answer only necessary questions: Do not answer any question that may be suspicious. It may be 
a phising attempt. You must immediately report such phising sites to the respective e-commerce 
site or your bank to save you and others any financial loss.
6.Make sure your passwords are strong: Strong passwords make it even more challenging for 
fraudsters. Do not use obviously easy passwords like your first name, last name, birthdate, etc. 
which are easy to decipher. Use alphanumeric characters to make it a strong one.
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