Sharing credit card information
We are pounded about the dangers of identity theft and consumer scams. For good reason as it’s a billion dollar boondoggle…
Then there is the open book that is Social Media.
Facebook, Twitter, Linked-In, and now Pinterest have exploded in use. So much so that Facebook has announced an IPO expected to make Mark Zuckerberg the latest addition to the billionaire club.
Just when I think there’s just no limit on what folks will tell about themselves in social media….
Credit Cards and Social Media
It seems, though, that we do have some standards left. Standards that show up when we are asked about our credit cards and social media.
Mashable reports in a neat infographic that 55% of consumers surveyed would not share their credit card information with a social media site.
Before you go all crazy, I’m not talking about putting your credit card number on your wall, or pinning a pic of your credit card on Pinterest.
I’m talking about the coming use of social media to be a new platform for commerce.
And as you know, when you’re talking about commerce online, you’re talking about in-putting a credit or debit card number.
Shopping on social media
Yep, we will soon be using many of the social media areas as a virtual shopping center. Those ads will still be there, but soon there will be virtual stores popping up-giving you the choice of buying whatever it is you are talking/chatting/liking….
Amazon has my credit card, Pay-pal has it, too. I’ve given it to so many online sites I’ve got the damn 20 numbers almost memorized.
I’m just not ready for social media to become a retail vendor. Apparently I’m not alone.
At least a small majority of us recoil at the idea that we will use our credit card to conduct commerce through social media.
I don’t know about you, but I can see the huge impact this could have. I’m not ignorant of the potential money making that is the social media craze.
How bout all the tweens in the USA, or the world for that matter, being able to shop for the latest Twilight gear, while tweeting/chatting with their bff’s in a seamless wall/window. They will be able to listen to, like, and download the latest Bieber song and purchase it without having to take the trouble to go to iTunes.
You can like/buy/tweet all at the same time.
I’m not going to predict that this hesitation/reservation to hide our Credit Card info from social media will last for long. If the technology is there for me to buy what I need through social media, if it gives me good customer service, at a good price, and I feel their security is top notch, then why not?
I’ll give my credit card number to that social media site that earns my trust.
But, and and it’s a big but, I’m chicken when it comes to my credit cards and financial info, and you should too.
And for another thing, it’s too soon to be giving my credit card info to a billionaire CEO – he needs to at least have a wrinkle or two, and not look younger than my children.
I mean come on. You could at least dye your hair gray, or grow a mustache or something….
{Photo credit: irsaelavila c.c.}
Don’t forget to:
Follow-Twitter-@DrDeanBurke
Like-Facebook
Circle-Google +
Link to me-at Linked In
Friend-Facebook
Don’t miss anything here-RSS
Newsletter, for special people, with my special mini-e-course on personal finance and my special free e-book, at no extra charge-cause that’s the kinda guy I am! Don’t you want to be special?









