Friday, April 3, 2009

How safe is PayPal?

PayPal is as safe as any online bank.
Although no system is 100% foolproof, PayPal has designed many checks and balances into its system to keep errors and fraud to a bare minimum. You won’t find another online financial institution that’s better at protecting its customers than PayPal. By utilizing the very latest in secure technology and employing a large team of experts in all areas of online safety, PayPal continues to be a leader in safe online payments around the world.

1. PayPal is guaranteed against fraud and identity theft.
PayPal guarantees 100% protection against unauthorized payments from your account.
Every transaction is confirmed by email to the PayPal account holder. Any transaction you wish to dispute will give you access to a 24/7 support team of analysts who will sort out your problem for you.

2. eBay purchases can also be insured up to $1000 through PayPal.
A service called "PayPal Buyer Protection" is another way that PayPal will certify that certain sellers are trustworthy.

3. PayPal's Anti-Fraud Team works 24/7
Using sophisticated risk models and advanced technology, the team is able to detect, and often predict, suspicious activity to help eliminate identity theft. The anti-fraud team’s sole job is to make every PayPal transaction as safe and seamless as possible.

4. Many other PayPal safety measures distinguish the service from its competitors.

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