PayPal remains one of the most popular online payment systems. It is the preferred online payment option for more than one hundred and ninety-two million people around the world. The convenience of using it to purchase goods and services is unparalleled.  

However, there are questions regarding how safe this payment system is. With transactions going from one end (the buyer or transfer originator) to another end (the seller or recipient), the need for security of transactions is paramount to both parties; hence the questions are justified. The answer to this question is yes.

It would interest you to know that PayPal is secure for both buyers and sellers if they can follow the appropriate security protocols such as the two-factor verification. This model offers a high level of security for users according to security experts.

There are some hidden security protocols On the PayPal system that identifies a user with a particular geo-location. In any event that a transaction is initiated from out outside of such locations, the system requires the initiator of the transaction to respond to certain prompts. This model indicates an added layer of security for users.

Also, PayPal security model offers consumers extra protection in the vent that they don’t get delivery of items paid for or the items received are defective. These are classified under fraudulent acts and as such are not borne by the users. This service is called PayPal Purchase protection. On the recipient part too, the PayPal system is established with a security protocol that offers similar protection for product sellers. Furthermore, information is secure on the system. For instance, if payment is sent to a recipient, such party does not have the capacity to see sensitive information relating to the sender. 

The only downside of using PayPal is the fact that its popularity as the most preferred online payment option makes it a target for phishers. These cybercriminals often target unsuspecting individuals by creating malicious software to gain access to users’ accounts. To mitigate such occurrences, PayPal users are advised to take heed of certain caveats;

  • Do not click links located within the body of emails from PayPal. It is possible that such emails are not originated from the PayPal server. Many spoof emails appear to come from PayPal but in reality, do not.
  • Never link your PayPal account to your bank account or debit cards so that anyone gaining unlawful access to it does not clean out your bank accounts. This has happened very well in the past. if you deem it imperative to link your bank account with your PayPal account, engage in constant checks of your bank balances and report fraudulent transactions as quick as possible. It is even better if you can link with to your credit card.
  • Transact with verified merchants while also ensuring that you make moves to verify your own account as well. Anyone can open a PayPal account. However, some merchant goes the extra mile of verifying their accounts by PayPal.

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