The culture of shopping and paying for stuff online is growing year by year in South Africa. But let’s not also get excited about that, while there is a huge percentage of consumers who are shy and afraid of buying online. This comes with factors such as scams and the fear of sharing private information online. In this episode, we discuss all the major factors that hinder South African consumers, the good and the bad of it and share safety measures and tips for online shopping.
We also discuss recent news in the digital space; Huawei demotes employees after tweeting from iPhone, Uber phone support that recently launched and voice notes feature on Instagram.
Here is the full episode 5 and below see important points from the podcast:
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Here are important points:
Virtual Cards are digital versions of real, physical cards.
You can use them instead of your actual card details when shopping online or by phone, to help prevent credit card fraud and identity theft. This helps so if there’s any security issue with the website you’re buying from, then you can simply cancel that virtual card.
You can check out the service on www.vcpay.co.za
CVV is an anti-fraud security feature to help verify that you are in possession of your credit card. For Visa/Mastercard, the three-digit CVV number is printed on the signature panel on the back of the card immediately after the card’s account number. For American Express, the four-digit CVV number is printed on the front of the card above the card account number. See example here.