How safe is it to give paypal your credit or debit card no?

India
July 12, 2008 5:51am CST
If you want to receive money from paypal or any other money transferring site, you need to provide them your debit or credit card number (except if you have opted to receive through cheque which costs). How safe is it to give them this information. Isn't it possible that it may fall into wrong hands? Does anyone know what type of security features they use to ensure that this is not misused?
4 responses
@_sketch_ (5709)
• United States
13 Jul 08
I think that paypal is a very safe way to pay. Its a lot safer than giving each individual site your number each time you make a transaction. I've never heard of anyone having any problems with it.
1 person likes this
• India
14 Jul 08
Yes, for someone who does lot of shopping on net, it is quite good.
1 person likes this
@touchnshine (2821)
• India
20 Jul 08
Hi my dear Paypal is very much safe site. I am using it from many years and I trust this site a lot .. Earlier I used to withdraw my paypal money through xoom site -- www.xoom.com but it costs me a lot .. and currently paypal offers withdrawal to bank account -- and now I used to get my money through paypal in my bank account within 4 - 5 working days time and it's so convenient. I would like you to go through two of my discussions which I have created for my Indian friends to solve their paypal withdrawal problems : This is the current one : http://www.mylot.com/w/discussions/1398624.aspx This is the older one (When I used to withdraw my money through xoom -- but it's still worth reading -- because -- it will clear many of your doubts about paypal)-- http://www.mylot.com/w/discussions/993013.aspx Please make sure you go through each and every post -- and if you still have some doubts please feel free to contact me -- I will try my best to help you.
1 person likes this
@smacksman (6074)
12 Jul 08
Very safe indeed. Their whole business depends on honesty and trust like any 'bank'. The real beauty of credit cards is that you can chargeback any errors. In the view of the card company, the card holder is innocent until proved guilty. So if you have a problem then your account is credited first and then the problem is sorted later. You are much more at risk if you drop a credit card transaction reciept on the floor of a shop or drop one in your rubbish bin without tearing it up. Online use of your card is very safe if you use your common sense. For some time now I have a credit card just for use on the Net and keep the credit limit down to a thousand or so. Just in case there is a problem and so the amount of error is limited.
@spalladino (17925)
• United States
12 Jul 08
I believe that Paypal uses encryption software so that things like your login, password and bank account numbers are encrypted, making it necesary for hackers to also possess the decryption software before being able to read the information. It's similar to the security systems used by banks and online shopping outlets. My husband does a lot of business on Ebay and we have never had a problem with the security of our papal accouts.