transactionsafety
nounUK /trænˈzækʃən ˈseɪfti/
US /trænˈzækʃən ˈseɪfti/
Keeping your money and information safe when you buy or sell things.
The bank teaches customers about transaction safety so they don't get tricked online.
RELATED WORDS
OTHER MEANINGS
2. The steps a store takes to make sure a card payment is real and safe.
The shop uses transaction safety checks before accepting large card payments.
3. Rules that protect both buyers and sellers during an online deal.
The website's transaction safety policy refunds buyers if an item never arrives.
4. Keeping records of money exchanges accurate and private.
Good transaction safety means your account details are never shared with strangers.