5. Online Stores with “Too Good to Be True” Deals
Social media is flooded with ads for heavily discounted products from unfamiliar websites. While some are legitimate startups, many are “fly-by-night” storefronts or outright scams designed to harvest payment data.
If you enter your debit card information directly into a non-secure or fraudulent website:
- Data Theft: Your card details are stored in a database that may lack encryption.
- Subscription Traps: You might inadvertently sign up for a recurring “membership” fee that is difficult to cancel.
- No Recourse: If the product never arrives, getting your money back via a debit card dispute is often more difficult and slower than a credit card “chargeback.”
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” — Warren Buffett
The same logic applies to your digital security. It takes years to save your money, but only minutes to lose it on an unsecured site. Avoid entering direct debit card numbers online whenever possible.
The CARD PREMIUM BANK ACCOUNT I HAD OPEN SINCE 2023 HAD MY RETIREMENT two FUNDS DEPSITED EVERY MONTH> I HAD an incident FEW years even before the Card account where when I applied for my TSA pass The agent left his lap top in the back seat of his car. Theieves brke into his car stole his lap top sold all my TSA information on the Dark webb. I filedpolice report all three credit bureas. but card has never told me there rerason for a denial of 805.13 wiping out my account they first reimbused me then I filed a dispute form talked to them on phone several times They have yet to giveme a reason for the denial. I then taked to the person assigned to me to protect all the fraud they tell him my account was used illegally in 2025 then the 805.13 they credited me they took back becaise of a 2025 so called incident. So because some criminal used my account they are okay for a charge of 805.13 charge to a China calling iktself OCOXTECH HONG KONG That amount just was about all tghe money I had in there clearly a case of Fraud 1) i never buy from China and in the three years nevr ever had a charge for over 800 to any company let alone in China They punish the victim here wehich is so wrong