These days, making an online payment has become the norm. There are lots of different ways to send money, whether you are buying a product from a business, signing up for a service, sending money to a friend or relative, or paying somebody for work. However, before you send money online, it’s important to make sure that you’re not being scammed and that the payment is secure.

Use Secure Money Transfer Options

First of all, it’s important to make sure that you are using a secure and reputable way to send money. It’s best to send online payments directly from your bank account, using a secure, encrypted checkout page, or using a transfer app like the Ria Money Transfer app where you can send money abroad in a range of different currencies easily. Check reviews before you begin, if you are going to be using a new payment method or app. 

Double Check the Recipient

When it comes to sending money online, it’s a good idea to always double check that you are sending it to the right person. Today, many banking apps are set up to do this for you whenever you are sending a payment to a new account online. Don’t send money if something feels off; for example, if somebody is asking you to pay them, but the account details they give you don’t match their details. 

Scams to Look Out For

There are various different scams around when it comes to making online payments, so it is important to be vigilant and know what to look out for before you send money online. Firstly, you should never send money by clicking on a link in an email without first verifying the link has come from the person or company that it appears to be from, especially if you were not expecting it. This could be a phishing scam where a hacker is impersonating a trusted sender to fool you into clicking on a link and eventually giving away your banking or card information. 

Use a Secure Network

You should always use a secure network whenever you are sending money online. Whether you’re logging into your internet banking from your laptop or using a payment app on your phone, make sure that your network is secured and that there is no chance of anybody being able to intercept your activity and get your details. Public Wi-Fi is always something that should be avoided whenever you are using online banking or sending a transfer online, since it is not as secure as a home or business network, and therefore easier to hack. 

Use Strong Passwords

Finally, always use a strong password to log into your online banking or money transfer apps. The best way to do this is with a password manager that can generate and store strong passwords for you. The harder your password is to guess, the better. 

While online transfers are now the easiest way to send or receive money, it’s important to keep these tips in mind to ensure that your money and payment details stay secure at all times.


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