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Why Buy From Kaisilver
Some Buyer Testimonials
Vol: 010 Date: 12 Mar 2005
Making safe online payments is a wish of millions of buyers world wide.
The internet driven by a sharp increase in ecommerce enabled websites
has become a favourite shopping mode for many households.
Air tickets, books, toys and even expensive merchandise like cars and
jewelry are today transacted over the Internet.
To complete online transactions payments are also needed to be made online.
Credit cards and payment modes like Paypal have become prime methods to
make online payments.
Just how safe are these online payment methods? This question would apply
to online buyers and sellers. Which is the best method to send money online
or to receive money online? What are the latest online frauds that buyers
or sellers transacting online need to be aware of?
These questions and more, are tackled in an honest and straight forward way
in this comprehensive report from Kaisilver.
You can read more useful information in this issue of our online jewelry
The Kaisilver Jewelry Newsletter is the most reputed source for straight forward
and honest information presented in simple non technical terms. Scroll down this
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Making Online Transactions More Safe
Making payment online is very convenient and speeds up the ordering process for
any merchandise or service purchased online. However there are certain frauds that
both, online sellers and buyers should be aware of.
The benefits of online selling and purchasing are far too many for people to give
up and it is best to be cautious and reduce risks as much as possible.
Credit Card Payments, Buyers Beware:
When you use your credit card to make online payments, ensure that the seller has a good
reputation. Spend some time to read through buyer testimonials on the sellers website.
If the merchandise or service that you purchase is very expensive, request the seller to
provide references that you can call up and check for yourself.
Gauge the seller by the way in which queries and questions are answered and pay caution
to selling pressure.
Most websites have an 'Order Now' page that is completely mechanised and even the email that
thanks you for your order and payment is not written by a human being. Buyers rightly tend
to feel detached and scared when dealing with such establishments.
Another issue that buyers using credit cards to make online payment should be cautious about
is, the possibility of the seller or his staff misusing the credit card
information. This could result in the buyer being billed for merchandise that was never ordered
and never delivered to him.
When using a credit card to make online payment, the buyer is required to provide complete
information regarding his card, the billing address of the card and even the verification
code mentioned behind the credit card.
This is also the only information that is required, by people with bad intentions to
make transactions through your credit card.
You need to ensure the reliability of the seller, before making the online payment and this
point needs to be emphasised.
There is one sure benefit that payment options like Paypal (explained below) have over
credit card payments. When you use a credit card to make an online payment to one seller,
all the information related to your card is now available to that seller. After a few
months of making online payments for various products and services, you will realise that
this critical information is now lying on many servers installed by various sellers!
The probability of the information being leaked during a hacking incident increases
and this is a big problem. A seller might provide excellent service and sell the best
wine online at great prices, however he might know little or nothing about keeping his
servers safe and secure.
Services like Paypal offer an alternative where, your confidential credit card or bank information
is disclosed only to them (Paypal) and they in turn pay various sellers.
Read a more comprehensive report on Paypal down below.
There is another fraud that has taken shape in recent years and that refers to
identity theft, which simply means that somebody robs certain critical information
regarding you. This information is enough to make that other person actually 'prove'
that he is you. Credit card information is one of the favourite areas attacked by
such fraudsters. We have devoted an entire section in this report to explain identity
theft as it is a fraud that could financially cripple you.
Credit Card Payments, Sellers In Danger Too:
In this report on safe online payments, we wish to provide information that is important
to both sellers and buyers. Sellers install ecommerce enabled websites where shoppers
can shop for 24 hours and all through the year. The idea is to increase convenience
and also give a larger choice to buyers. One aspect of shopping convenience is the ability
to receive online payments and credit cards are a favourite with buyers.
In recent times fake and robbed credit cards play havoc with sellers. Even the best
credit card verification systems cannot eliminate all frauds.
Identity theft (discussed in detail below) has added a new dimension to these credit card
frauds. You will not know whether the buyer is the true owner of the credit card or infact
using robbed information. The credit card company will inform the seller of the fraud only
when, they in turn receive information from the real owner of the credit card.
This intimation could come from anywhere between 15 days to 90 days after payment is made
and this is enough time
for the buyer to disappear without trace.
The seller having lost his merchandise to a fraudulent buyer, is still bound to refund the
money received from the credit card. The money needs to be returned to the actual owner
of the credit card.
This is referred to as a charge back and the seller rarely can do anything aside
from refunding the money.
Most credit card companies suggest that, sellers pay extra caution when receiving orders
from buyers with free email addresses. This is not very practical as numerous genuine
buyers also utilize free email address services.
Sellers should try to keep logs of fradulent payment transactions and then compare various
characteristics for suspect cases. This is not an easy task and a trained eye will be
required to quickly spot a doubtful transaction.
A few useful tips are randomly listed here: (a) Consider calling up the buyer on
phone if payment for a big purchase is paid by a credit card.
(b) You could also email the buyer and request the name of the company that issued the
credit card. It might just be possible to get the credit card company to contact the true owner
of the credit card and confirm if the payment was genuine and itentional.
This does not always work, so do not pin much hope on this option.
(c) Keep detailed records of bad transactions and then make a comparison when new doubtful
payments are received. Same email addresses, shipping addresses and even same phone numbers
are often used by these fraudsters.
(d) When you get confirmed orders from countries like Nigeria, Indonesia, Pakistan,
Phillipines and a few former Soviet Union countries, pay extra caution.
These purchases will almost always be paid through fake credit cards and are rarely genuine
How Do Payment Options Like Paypal Work?
Paypal was one of the first options for online payments and the process is quite easy
to understand. (a) Get yourself an email account, this could be a free service or
a paid email account. (b) Get to the paypal website and register yourself, this is a
free registration and there are no monthly fixed fees or other fixed overheads. Use your email
address at the time of registration and it is now linked to your paypal account.
(c) You now have an empty paypal account with an email address linked to it.
(d) If you are a buyer and intend to pay money to a seller who accepts paypal as a mode
of payment, you need to add funds to your paypal account.
To do this, log on to your paypal account from the paypal website and select the option
to 'Send Money' you will be prompted to fund your account. A bank account or credit card
can normally be used to fund the account.
(e) All transactions to send and receive money will be through email addresses.
So you would be sending money to the email address of another person who also has
a paypal account. That person would be sending you money in the same way.
(f) The moment money is sent or received through paypal, an automated message is emailed
to the sender and the receiver of the money.
(g) You can withdraw money from your paypal account into your bank account or use the
money to pay for online products and services that accept paypal payments.
(h) Paypal charges a commission from the receiver of the money. The money that is credited
to the receivers paypal account is after deduction is made for this commission. The sender
is not charged any fees by paypal.
The paypal mode of online payments has some advantages for buyers. All those
registered at Paypal are screened before their registration is accepted.
This includes buyers (those making payments) and sellers (those receiving payments)
and provides a fairly good level of security.
Since the buyer discloses bank and credit card information only to Paypal and not
to every seller, a high degree of confidentiality can be maintained.
When Paypal in turn, makes payment to the seller, banking and card details of the
buyer are not disclosed to the seller.
Since Paypal is a professional organisation managing money movement on a large scale,
you can expect the company to invest heavily in various security measures and
The seller benefits for similar reasons as the buyer does. The registration
process provides a degree of security and the latest security systems maintained by
Paypal will in most cases trap frauds like fake credit cards quite efficiently.
If your paypal account has been in good standing for a while and has a fairly high
volume of transactions, Paypal will even offer you special 'protection policy'.
The Paypal service got some added credibility when it was taken over by Ebay.
While this method for online payment has become very popular, attempts by some
dishonest persons have been made to defraud paypal account holders by using
a malpractice commonly referred to as 'identity theft'.
If you need more information on Paypal and need to check the countries covered
by this service visit their website at
About Money Transfers, Like Western Union:
Online payment methods like Paypal require both the sender and receiver to
be registered with paypal. The seller may be ready to do this but buyers are
often put off by the procedures and long details, that are required to be revealed
before completing the registration process.
This is where services like Western Union Money Transfers prove useful.
These services are available in most countries and local post offices and banks
generally provide money transfer facilities. Western Union agents are also common
in many countries.
The procedure is quite simple and requires the sender to visit the Western
Union sending point (could be a local bank, post office or Western Union agent),
where a form is filled out. The form provides details of the receiver like name
and address and also the amount to be transferred.
The sender will be provided with a Transaction Number and this is an important
part of the transaction. There is a sending fee to be borne by the sender and this
is charged at the time of sending the money.
The money is transferred online across the Western Union network and is available for
collection within a few minutes. The sender will inform the receiver of the amount sent
and also the Transaction Number. The receiver is then required to go to a local Western
Union collection point (could be a local bank, post office or Western Union agent) and
fill out a form for collection of the money. In this form the Transaction Number provided
by the sender and the name and address of the sender are also mentioned. The amount and
name and address of the receiver are also mentioned and all these details together
identify the receiver as the true intended receiver of the money.
The Western Union agent will also require the receiver to provide some identification
like an ID Card, passport copy etc.
The receiver does not pay any transfer charges but, there is an exchange rate difference
that provides a revenue to Western Union. The transaction is complete when the receiver
collects payment. No detailed bank information and other confidential information need
be disclosed and this is the point that most buyers are impressed with. The Western Union
Money Transfer can be done online from some countries like U.S, Canada and U.K.
There is a certain caution that needs to be excercised here. Since there is no
registration of the receiver (seller), money transfers of this kind are best suited for
paying reputed sellers only. Buyers should spend time on the sellers website and read
buyer feedback and testimonials before using this mode of payment. Sellers should also
be aware that, the currency exchange rate received for such money transfers could be
a bit lower, than the official bank exchange rates.
You can get more information regarding Western Union Money Transfers and also find a
Western Agent near you by visiting their website at
What Is Identity Theft?
There has been a recent spate of hi-tech frauds that has caused serious financial losses
to innocent people. Emails in various forms are used to collect confidential information
from people. The information sought is credit card data and bank account information with
the aim of using the data to commit financial frauds. The fraudster gets all personal and
financial information of the victim and then takes on the identity of the victim. Armed with
this ability, he can make purchases of goods or services online, by using the bank account
or credit card information of the victim.
There are two major types of emails used to commit such frauds.
The first type is a simple email that claims to come from your credit card company or bank.
It requests you to update your personal records on the official files by clicking a link
on the email. This link takes you to a page that looks very similar to your credit card or bank
web page, however it is infact a fake page set up just to capture your confidential information.
The best thing to do when you receive an email with similar subject is, to call up your bank or
credit card company and confirm if the email was indeed sent by them.
The second method used in emails is a bit more technical. The email comes with an
attachment that is a small program. The email subject or title entices you to click
and execute the attachment. Once you do this, the program (in the attachment) installs itself
on your computer. It is now capable of sending confidential information to the fraudster.
Key strokes that you perform can be recorded and sent or even broadcast live for the owner
of the program to see. This is an advanced form of identity theft and very often needs
professional help to deactivate the program from an infected computer.
Kaisilver had compiled one of the best reports on online security and popular online
scams. This report was published in one of our earlier newsletters and has useful information
for anyone that uses the Internet. This report can be accessed at this link
Forward the link to your friends and collegues and they will be happy that you warned
them of these nasty scams.
Other Interesting Topics In This Newsletter
Silver Tarnish, The Complete Report:
All silver can be expected to tarnish. The change in color to dark yellow
or brown of sterling silver jewelry is most likely to be silver tarnishing.
What exactly is silver tarnish? Why does silver jewelry tarnish? Can the tarnish
process be eliminated or slowed down? Can silver tarnish be removed?
Kaisilver goes deep into the causes and remedies of silver tarnish. We also disclose
facts that many jewellers would not want you to know.
Click for the report on Silver Tarnish
In each issue of one of the most respected online newsletters ever published,
we cover topics of interest to jewelry and gemstone buyers. The emphasis is not
on sales talk and the aim is not to make our merchandise look better than that sold
by others. The aim is to keep you informed and guide you into making a well informed
At Kaisilver we believe that you should know the truth, as
we are on your side.
In The New Product Section:
Introducing you to the three of our best jewels since the last issue of the jewelry
newsletter. An indepth analysis into the design, construction and concept of these
gorgeous jewels. Our jewelry lays equal emphasis on long term durability and
style. This 'no compromise' approach has earned us the trust and faith of over
5,000 buyers spread across 17 nations.
All our jewellery is completely custom made with gemstones of your choice.
You can also send us your favourite jewellery designs to be custom made.
Click for complete details
Archives Of Our Newsletters
The Kaisilver jewelry and gemstone newsletter is one of the most respected newsletters.
All information is provided in simple terms and we always try to be as non-technical as
At Kaisilver we keep sales talk to the minimum and believe in providing buyers with
reliable and straight forward information. The idea is to guide buyers into making the
right buying decision based on well informed ideas and evaluation of options.
Our newsletters bring you frank advice that is kept a secret by most sellers.
to access the complete archives of our newsletter with informative and useful content.
Our clear and honest information at times leads buyers to change their mind and not
go ahead with an order, but we are satisfied at just having ensured that you made a
well informed decision.
All kaisilver jewelry is completely custom made in 14k or 18k white or yellow gold.
Each piece is individually worked on by expert craftsmen and hand finished
We do not indulge in gimmicks like close outs and blow outs where, low grade
merchandise is peddled in big department stores and TV channels
using high pitched sales campaigns.
All jewelry can be made with gemstones of your choice and all design modifications
are possible. You can even provide us with images of your favourite designs
for us to custom make.
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