Protect Yourself from Online Business Fraud

Yes it’s possible: preventing you from being a victim of online business fraud via financial scam trickery and other stealthy actions. While usage of internet for e-commerce has been increasing substantially, it has brought in successful payment processors such as PayPal and Payza consequently used by millions of customers, both for individuals and businesses in the market.

Hence, it is very important to be thinking one step ahead and putting on your gumshoes to dig deeply to be away from being a victim of any online cybercrime or latest business and internet fraud. Firoz Patel, a successful Canadian businessman and co-founder of a global payment processor who has his recent venture Payza (a global payment processor) successfully capturing the market has shared his thoughts guiding to use a secured gateway.

What to believe in?
As per Firoz Patel, complaints and applauds go hand-in-hand. While you see great reviews being posted, you will also find negatives spread for an organization. Neither the reputation, nor the apparent track is enough, aptly said by the Payza’s CEO, Firoz Patel. Complaints made against an organization are falsified at times and are nothing but a conspiracy by the competitors to spoil the image. You have to go way beyond that to really investigate the operations of the organization and find out if what is claimed is real.

What to do?
Payza has recently formed an alert & awareness team to spread awareness amongst consumers. Besides, various steps they guide you through to be protected and secured, they strongly intend you to be aware of the tricks and stealthy actions that are being commonly used to make a consumer fall in to it. One of the most important ones used nowadays is called “Ponzi Scheme”.

This scheme refers to a financial scam that pays returns to early investors using money put in by later investors. Victims are often attracted by promising and high returns at no risk. Payza, as an organization not only wants the consumers to be protected against such a fraud but also demands strongly for some strict actions to be taken against the organizations following such practices.

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