Prepaid debit cards

Many Australians are hesitant about using their credit and debit cards online due to the increase in cyber fraud. Drew explains how YOURLifeChoices subscriber Mary can purchase products online with peace of mind.

Q. Dear Drew,

I have always been very concerned with placing my credit card details in the hands of an online store I have never previously had dealings with. My concern has been compounded further by recent reports of top 100 websites being compromised over the last few weeks.

Is there a way for me to purchase products online without needing to disclose any of my banking information?

Regards,
Mary

A. Hi Mary,

You are not alone in your concerns surrounding use of your credit card online. Credit card fraud and theft of information via the internet are problems that will only increase in the coming years.

The perfect product for you would be a prepaid debit card. Prepaid debit cards have been available for a few years now and are the most secure way for you to transact online. The card will cost $7.95 and is similar to a pre-paid mobile phone sim card. You recharge the card with however much you want (minimum of $20) in any Australia Post store and you can instantly use the card to purchase products online. There is a $3.95 recharge fee attached to the card.

You can find out more information about the Load&Go card at www.auspost.com.au

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