- Mar 19, 2014
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I know there are still a few Paypal holdouts, but it's worth it to just go ahead and sign up for it anyway. When paypal first came out, it had a few problems, like all things do. But now they actually move more money than Bank of America, who happens to be the largest bank in the U.S.! And with MUCH fewer complaints too.
The biggest problem with Paypal tends to come from thieves who get your card information OUTSIDE of paypal, and then create a paypal account to buy things with a stolen card. But you can't tie a card to more than one account, so you actually protect yourself from some theft by creating an account. That way, if anyone ever finds your card, they can't use it on Paypal.
As for sellers, accepting only "verified" paypal payments (where the user also links a bank account, which essentially verifies their identity) can help avoid payments made using stolen cards.
So compared to many other purchases you could be making, Paypal is probably one of the safest methods out there.
The biggest problem with Paypal tends to come from thieves who get your card information OUTSIDE of paypal, and then create a paypal account to buy things with a stolen card. But you can't tie a card to more than one account, so you actually protect yourself from some theft by creating an account. That way, if anyone ever finds your card, they can't use it on Paypal.
As for sellers, accepting only "verified" paypal payments (where the user also links a bank account, which essentially verifies their identity) can help avoid payments made using stolen cards.
So compared to many other purchases you could be making, Paypal is probably one of the safest methods out there.