Paypal Login Protection from Phishing
PayPal is latest form of online money transfer
primarily used for online shopping or money
transfer between two parties. It’s quite easy to
use, safe and secure. Any person just having an
email id can send or receive money free (well
almost!). Paypal as a company came into
existence in year 2000 by the merger of two
companies called Confinity and X.com. Later on
it was acquired by eBay and currently has over
more than 100 million active and 230 million
registered users all over the globe.
Ease of use
PayPal is quite user friendly and simple to use
service. The only thing that is required at the
time of registration is a valid email ID and debit/
credit card number (bank account information).
Procedure for registration is quite simple as
explain below
Go to the site www.paypal.com
PayPal – Home Page
Click Sign Up button
Account Type
Choose Country, Language and select the
account type. There are 3 kinds of accounts that
can be registered with PayPal. They are
Personal, Premier and Business.
Personal Account is for individual users who
have little transaction and generally use it for
online shopping, while
Premier and
Business is typically for more serious users who
may perhaps use it for buying, selling (or
business) work. Fee structure is same for all the
accounts as listed below,
Fee structure
Cross Border Payments
User Info
Enter user information (email, pwd, address,
credit card details, etc) and submit by clicking on
Agree and Create Account
On successful creation of account, one can use it
for online shopping, money transfer etc.
PayPal Secure login
Transactions on PayPal are quite safe and
secure. As you must be watching while
registration or use, the address bar of browser
contains
https:// as below
Address Bar – Secure
Here http stands for Hyper Text Transport
Protocol while ‘s’stands for security. During the
course of normal browsing you will only
observe
http and not ‘s’ because some pages are not
secure. Its possible for the hackers to view the
WebPage (data) transmitted over the net or wire
by using specialized tools (such as packet
sniffer), if they are transferred using
http. On the other hand, if pages are transferred
using
https then it becomes virtually impossible or too
hard to view the information, since its in the
encrypted format. So server and client both
encrypt the data before sending and the
destination host decrypts it on reception using
industry standard algorithms and procedures.
Point to be note here is that while using PayPal
whether you are putting credit card details or
password, you don’t have to worry about the
security. More over PayPal employs dedicated
team of professional who keep an eye on the
people who are responsible for security breach.
So looks like nothing to worry about.
How does PayPal makes money
PayPal claims that it’s a free service, but still there
has to be some revenue generation model for
the company to survive or flourish. They
basically charge no fees from buyer (person
who is giving money) but yes; they do charge a
reasonable (around 1.9 to 2.9%) of transaction
fees from seller (person who is receiving
money). Also they earn from the interest on the
money that has been give immediately by buyer
but not withdrawn by seller. And in any case
they take around 3-4 days to transfer money
from PayPal account to the sellers (bank)
account so looks like immediate withdrawal is
not permissible!
Protection from Phishing
Unlike Online banking, PayPal is quite secure
from phishing attacks. Phishing is basically a
spoof up to acquire user’s important information
such as online banking user id, password, credit
card numbers etc by sending bogus mails,
which look like they are from genuine party.
In normal banking user has to just enter user
id /password combination to make a financial
transaction while in the case of PayPal, user has
to enter his or her email id & password at the
sellers Website (or Web store). Then onwards
he/she will get mail from PayPal to confirm the
transaction. So there are two things, first user
didn’t enter bank account number or Credit Card
number (just email id and pwd) at the seller’s site
and secondly the confirmation mail is the
additional layer of security, which only the
legitimate user will get.
Get more information about PayPal security
tools.
Buyer and Seller Protection
One of the good parts with transaction done by
PayPal is that they provide comprehensive
Buyer and seller protection. If buyer doesn’t get
the article exactly similar to one described on site
or late delivery (not under committed timeline),
buyer is entitled to get full refund on purchase.
Same stands true for DOA (defective on arrival).
Also seller should keep a note of shipment
tracking number (and receipt) so that in case of
discrepancy, it can be prove that the goods have
indeed been delivered in good shape.
All in all to win the goodwill of buyers (as well as
sellers), PayPal has to necessarily do a good job
acting as mediator between the two. Buyer and
seller both feel comfortable that their transaction
is in good hands and there are no surprises!
primarily used for online shopping or money
transfer between two parties. It’s quite easy to
use, safe and secure. Any person just having an
email id can send or receive money free (well
almost!). Paypal as a company came into
existence in year 2000 by the merger of two
companies called Confinity and X.com. Later on
it was acquired by eBay and currently has over
more than 100 million active and 230 million
registered users all over the globe.
Ease of use
PayPal is quite user friendly and simple to use
service. The only thing that is required at the
time of registration is a valid email ID and debit/
credit card number (bank account information).
Procedure for registration is quite simple as
explain below
Go to the site www.paypal.com
PayPal – Home Page
Click Sign Up button
Account Type
Choose Country, Language and select the
account type. There are 3 kinds of accounts that
can be registered with PayPal. They are
Personal, Premier and Business.
Personal Account is for individual users who
have little transaction and generally use it for
online shopping, while
Premier and
Business is typically for more serious users who
may perhaps use it for buying, selling (or
business) work. Fee structure is same for all the
accounts as listed below,
Fee structure
Cross Border Payments
User Info
Enter user information (email, pwd, address,
credit card details, etc) and submit by clicking on
Agree and Create Account
On successful creation of account, one can use it
for online shopping, money transfer etc.
PayPal Secure login
Transactions on PayPal are quite safe and
secure. As you must be watching while
registration or use, the address bar of browser
contains
https:// as below
Address Bar – Secure
Here http stands for Hyper Text Transport
Protocol while ‘s’stands for security. During the
course of normal browsing you will only
observe
http and not ‘s’ because some pages are not
secure. Its possible for the hackers to view the
WebPage (data) transmitted over the net or wire
by using specialized tools (such as packet
sniffer), if they are transferred using
http. On the other hand, if pages are transferred
using
https then it becomes virtually impossible or too
hard to view the information, since its in the
encrypted format. So server and client both
encrypt the data before sending and the
destination host decrypts it on reception using
industry standard algorithms and procedures.
Point to be note here is that while using PayPal
whether you are putting credit card details or
password, you don’t have to worry about the
security. More over PayPal employs dedicated
team of professional who keep an eye on the
people who are responsible for security breach.
So looks like nothing to worry about.
How does PayPal makes money
PayPal claims that it’s a free service, but still there
has to be some revenue generation model for
the company to survive or flourish. They
basically charge no fees from buyer (person
who is giving money) but yes; they do charge a
reasonable (around 1.9 to 2.9%) of transaction
fees from seller (person who is receiving
money). Also they earn from the interest on the
money that has been give immediately by buyer
but not withdrawn by seller. And in any case
they take around 3-4 days to transfer money
from PayPal account to the sellers (bank)
account so looks like immediate withdrawal is
not permissible!
Protection from Phishing
Unlike Online banking, PayPal is quite secure
from phishing attacks. Phishing is basically a
spoof up to acquire user’s important information
such as online banking user id, password, credit
card numbers etc by sending bogus mails,
which look like they are from genuine party.
In normal banking user has to just enter user
id /password combination to make a financial
transaction while in the case of PayPal, user has
to enter his or her email id & password at the
sellers Website (or Web store). Then onwards
he/she will get mail from PayPal to confirm the
transaction. So there are two things, first user
didn’t enter bank account number or Credit Card
number (just email id and pwd) at the seller’s site
and secondly the confirmation mail is the
additional layer of security, which only the
legitimate user will get.
Get more information about PayPal security
tools.
Buyer and Seller Protection
One of the good parts with transaction done by
PayPal is that they provide comprehensive
Buyer and seller protection. If buyer doesn’t get
the article exactly similar to one described on site
or late delivery (not under committed timeline),
buyer is entitled to get full refund on purchase.
Same stands true for DOA (defective on arrival).
Also seller should keep a note of shipment
tracking number (and receipt) so that in case of
discrepancy, it can be prove that the goods have
indeed been delivered in good shape.
All in all to win the goodwill of buyers (as well as
sellers), PayPal has to necessarily do a good job
acting as mediator between the two. Buyer and
seller both feel comfortable that their transaction
is in good hands and there are no surprises!
Category Article Paypal Login Protection from Phishing
