Because I work with computers for a living, I have had many people ask “How can I make purchases online and be safe?” Well, I do not if there is a 100% fraud-free method but I will detail some items that can help minimize your risk of identity theft and/or fraudulent credit card charges.

First, I use 3 methods for online purchases:

1. My American Express Card
2. A verified Paypal account
3. Visa Check Card that is tied to a checking account

Now, you maybe saying “I have heard PayPal is risky” or “I do not want my checking account number on the internet”. Well, not only have I heard these statements but I have repeated them.

Second, I take extra precautions to minimize my risks:

1. I use my American Express card for many purchases. They are pretty good about removing any fraudulent charges as well has catching them should someone get your account information. I have had my account information fraudulently used twice in approximately 20 years. In both cases, Amex notified me; removed the charges and sent a new replacement card. Absolutely no hassle for me.
2. I have a secondary checking and savings account with my credit union. I may keep about $20 to $40 above the minimum required balance which is $25. So, should the Visa Check card that is associated with the account become stolen, no one can purchase much with it. Thieves typically want something more than $40. I do not use my primary account for online purchases.
3. My PayPal account is associated with my secondary checking account so again, there is not enough money in the account for a thief to use.
4. I also Verified my Visa. This process adds an additional layer of security via a password so when you purchase an item online with a verified visa card, you must supply your password.

As I stated, there probably isn’t a full-proof method but this is my method.