Online payments have become a vital part of everyone’s day-to-day life in the digital era. Especially in this pandemic COVID situation, people would have realized the importance of online payments due to lockdowns. However, security is the main issue when making online payments and is considered the most significant downside among customers. There are plenty of options spread over the globe for making online payments, and one among them is PayPal, the popular platform for securely making your online transactions. Go through this blog to know about different apps related to PayPal.
What is PayPal?
It is an e-commerce platform that enables online payment between the seller and the buyer. You should have an existing PayPal account related to your credit card, bank account, or debit card to make online transactions.
Now you might have had a question, whether the money transaction done via the PayPal method is safe or not? Yes, of course, it is safe. PayPal uses a secured platform for transactions that do not save any of your personal information like credit card number or account number, and so on. It uses data encryption standards and an anti-fraud platform to ensure utmost security to its users. This e-commerce platform has even enabled email options for security purposes.
Suppose you have a PayPal account and do an online transaction via this payment method. In that case, this service sends an email confirming the transaction to the intended sender and receiver simultaneously. So, it is 100% safe to use PayPal for your online digital transaction. However, you should know about the safer tips you must follow when making your online PayPal transaction.
Five Tips You Should Know For Secure PayPal Payments
Here are five valuable tips regarding safety that you must follow when using a PayPal account.
1. Choose a Credit Card For Online Payment
Using a credit card instead of a debit card for PayPal payment is good. It is because if an unauthorized hacker tries to steal your identity for an online transaction, it is not possible if your payment mode is linked to a credit card. Visa, Master Card, American Express, etc., are popular credit card organizations that follow specific security protocols to reduce fraud than smaller organizations(banks).
Suppose you consider doing an online transaction via the PayPal method. Unfortunately, you face some disputed issues with the payment, and PayPal will not refund your cash; what will you do? – Don’t worry; to clear out the issue, seek support from the credit card company you are using to solve the issue.
2. Safety is in Your Hands
To strengthen your password: a safe password is always better to secure your online transaction via PayPal.
- To avoid hacking, use a mixed form of uppercase, lowercase, symbols, and character formats.
- Check your online transactions regularly that will reduce fraudulent scenarios.
- If you are a smartphone user, try using the PayPal App for the smartest transactions.
By signing into the app, it is straightforward to track your online transactions, payment details, and withdrawal lists for quick reference.
3. Updated Anti-Virus Software
If you have outdated antivirus software, please update your system with the latest version to avoid malware threats. It is one of the essential steps to enhance security levels. If you are a smartphone user, you will be using copious apps of your interest, including the PayPal app. Unfortunately, if you have an outdated version of antivirus software, a security breach can occur that disables your secure transaction. Try to check your device often for viruses to perform a safe payment.
4. Don’t Use a PayPal Account in an Insecure Environment.
One should not use an insecure internet connection for online transactions. The intruders might get easy access to your personal information that needs to be kept secret. So, it is not advisable to use digital transactions when using a public network. Stay home in a safe environment for better security payments.
5. Hackers via Fake Emails
Phishing is a more common way to intrude into someone’s personal information. PayPal uses email services to send notifications regarding your financial transactions for every payment. Here is where hackers use the phishing concept by sending emails (not from PayPal but hackers) asking for your personal information.
Differentiating the emails sent by PayPal and phishing emails is relatively easy. Don’t try to click any of the links sent to your mail. Instead, if you have any clarification, log in directly to your PayPal account and check for messages from the service provider. Through this way, you can ensure the safety of your financial transactions.
