Friday, December 7, 2007

Beware Of The Bargain Basement

LONDON (Wireless Flash - FlashNews) – This Monday (Dec. 10), be careful where you plunk down your plastic.

Retail Decisions, a global leader in fraud prevention, predicts that December 10 will be the biggest online shopping day of the holiday season, beating out Black Friday (Nov. 23) and Cyber Monday (Dec. 3).

But if you log on to a deal that looks too good to be true, it probably is.

Retail Decisions CEO Carl Clump says that big ticket items like high-definition TVs, GPS devices, and laptops, and even smaller items like gift cards, could all potentially be fraudulent – purchased on stolen credit cards and resold at discount prices.

But don’t despair, just prepare.

Clump urges, “Beware of bargain basement prices. Buy from a major reputable retailer and pay the proper price. If you see goods being sold for much less, you have to wonder how they got there in the first place.”

And Clump offers another slice of security for eager online shoppers to chew on.

He says, “Using your credit card online is about as risky as going into a restaurant and using your card. If your card is stolen, it’s far from the end of the world, it’s just really inconvenient.”

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