If you do a lot of purchases online using your credit card but also worry a lot about your identity if they are available to too many online shops and sellers! You may think a million times that using a PayPal account instead may help you keep out of the thieves online. PayPal is now the most used money service available right now online. With over 200 million users of PayPal, they are dominating the market of financial service.

This whooping amount of users talks for PayPal for sure. however, is the number of customers enough for PayPal to be the safest and best financial transaction maker? We will find out in this article that if PayPal is better and safer in the online payment system, or using the credit card is still good enough!

Credit card Vs PayPal

PayPal is a new thing when compared to Credit Card and there are plenty of people who are still in the dilemma of whether they should choose PayPal over their Credit Card for online transactions.

Using a Credit card

Credit cards are Chip-based cards that are pretty often get hacked by cyber thieves and hackers. You are in a potential risk every time when you are putting in your credit card information online and you are not really secured once you've entered your credit card number on an online shop to buy something. If the merchants get hacked, you are doomed, the hackers can easily use your credit card number and use it for their interest without letting you even know.

It may sound terrifying, but you are still getting protection by the Federal Law. You will be liable only for $50 of the charges and you are getting protection service and protocols by the credit card issuer bank as well. Yet with the same security features, PayPal also is at the same pace getting you a safe and extra-secure money service. 

Benefits of using PayPal

When Credit cards are being a great threat to your wallet and security, Paypal has been proved themself as the most secure online payment system available right now. Many of the cybersecurity specialists also support that claim as well. 

PayPal has been paying even hackers to find vulnerabilities in their system and they made sure your data is completely safe with the highest possible encryption in the field. All the data PayPal has on you are stored in a secure location where there is no access to direct internet. So you don’t really have to think about the PayPal problem solution anymore when talking about security. 

How to stay safe

Although PayPal is the most secure online payment system, that doesn't mean that you cannot become a victim of a fraud or cybercriminals. Here are some safety tips you may want to have a look if you are trying to make your activities online safer:
Treat your PayPal account the way you treat your bank account

Being a financial service provider, PayPal is just like any banking service you have in your life and when it comes to security, you must treat your PayPal account just the way you treat your bank account. You must review your transaction and other account activities at least once a month to make sure there is no third person is doing any transactions and making sure you are all safe and secure. When your monthly statements are ready, PayPal will notify you, with the statement in your hand, to make sure you cross-match all the transactions making sure nothing happened behind your back.

Don't ignore a mismatched penny

While reviewing your PayPal account Transactions, make sure the transactions the statements and the real transactions you made the last month are all legitimate. Don't ignore a mismatch of a single dime, because the hackers and the frauds will not attack on your account in a massive amount in the first moves. They will drain the account with pennies and they will keep increasing the illegal transaction day by day assuming that you won't even notice the little transactions. If you step in their trap, you will definitely end up in a disaster at the end. 

Don't link your Bank account to your PayPal account

It's easy to link your Bank Account or debit card to your PayPal account and easier to play with it while paying for something online. However, you shouldn't link your bank account or debit card to your PayPal account because of a great possibility of fraud. If your PayPal account gets compromised somehow, the thieves can have access directly to your bank account and drain out your money. Although you have a possibility to refute the charges, you have to catch it quickly which is not common in some cases. 

Bottom line

Although linking your bank account to your PayPal account is a big security risk, you can link your credit card to your PayPal account and you will have better financial protection by both PayPal, the Credit Card issuer and the Federal Law. And, don’t forget to use a strong password for your PayPal account and make sure you log in to your PayPal account from a secure internet connection.