How Safe Is PayPal?
Though no financial system is 100 percent safe on the Internet, PayPal relies on several technological features and service guarantees to ensure that your transactions are as secure as possible.
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Description
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PayPal is an Internet transaction system that enables individuals and businesses to send and receive payments in exchange for goods and services.
Privacy
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PayPal minimizes identity theft by ensuring that your financial information is known only to their site and is never revealed to the recipient of the payment. Neither is account information ever revealed to the sender.
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Monitoring
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The company uses over 2,000 specialists to monitor transactions 24 hours a day. These employees include former law-enforcement officials who contact you if any fraud is suspected.
Disputes
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PayPal resolves any disputes to ensure that you receive physical goods you paid for, and that it is as described by the seller. They confirm every transaction with email, and guarantee 100-percent protection on unauthorized payments.
Seller
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The company also protects sellers by encrypting financial transactions, verifying the credit cards and identities of buyers, and partnering with government law enforcement to detect and combat fraud.
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References
- Photo Credit Image by Flickr.com, courtesy of Casey Serin
