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.