PayPal to offer extra layer of protection
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By Steve Ragan Jan 12, 2007, 12:39 GMT
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The problem with paypal is not the security to log into your account, it's the scumbag let's-pretend-we're-a-bank paypal people themselves, who make up rules as they go along. www.paypalsucks.com has lots of good info on their shady practices. a service best avoided.
The most secure digital currency account by far is pecunix. It is inflation proof, (backed by real gold) the transfers are instant, and the fees are reasonable.
If Paypal did not give out any email address, just a reference number or ebay address, it would stop the phishers having someone to target, or even paypal to contact the seller through 1 email address, the account holder through another private address. Simple & cheap eh
I worked for a major online service for years and we used the Securids to protect employee accounts. I never got hacked or have anyone guess my password while using it.
However, one night at 2am I did have someone actually use my SS # and called account security informing them I had just quit and to cancel my securid. Account security (without ever checking things like what phone number they were calling from, WHY I was 'quitting' at 2am, why my account was still logged on at the time -- since I was actually working that late, what my security questions were, etc.), went ahead and canceled it. While they still didn't get on my account, it took a few days to get everything figured out so I could go back to work.
So no matter how secure you think you are, there's always going to be someone out there who will make your life a bit less secure if they really really want to.
JC
If you havn't been scammed yourself by paypal it is only time. I lost 400 bucks as they put 700 of it on a 9 month hold as they built intrest on it.. don't believe me? www.paypalsucks.com
You have been warned...
How can a random number generator in my pocket... match up a number on my
Paypal account????
Won't it just be a matter of time before someone figures out the math
involved in generating the number... and can make all the numbers they
want???
Wouldn't it be better to allow each user to upload a picture... that would
be displayed when logging into paypal? If you didn't see the picture...
you aren't on the real paypal site.
(Unless a phishing site steals/stores/display all 100,000,000 pictures and
correctly matches them up with each user. Pretty unlikely.)
If it works like the one from HSBC then each device has a number itself on the back that ties to your account, you type it in at the start when you get the device. So only numbers from your specific device work with your account.
Paypal IS the villain. Paypal Are the scammers. Paypal commits international bank fraud on a regular basis. Paypal MUST have an insider who monitors when someone uses their service after a brief absence. Paypal even lost a class action suit but sadly the corrupt lawyers stopped at a settlement that allowed Paypal to get off the hook.
Paypal IS a great service but there can be no one greedier than Paypal and Ebay. The head honcho from Ebay even said they do things based on greed to 60 minutes. Yes that's right they freely admitted to greed as their chief motivator.
I'm sure I'm one of millions of sellers on Ebay who has suffered Paypal's attacks on their bank account. They even sent me an email after attempting to attack one of my dummy accounts, set up just to stop Paypal from stealing money, that they ARE UNABLE TO STOP THEIR SERVICE FROM MAKING CONSTANT WITHDRAWALS.
We are all waiting for Google to enter the Ebay arena. Once that happens good-bye to Ebay and those pirates. Talk to any banker and THEY HAVE ALL HEARD ABOUT PAYPAL'S practices and know problems will occur. Why don't our banks take them on to protect us as the law states? Because those greedy bastards budget in their outrageous FEES for insufficient funds. I keep my account empty for the sole purpose to stop Paypal from stealing. They are supposed to default to your cc on file but they will attack your account for weeks before they do anything. One employee for Paypal had the same problem and she could not fight them so she allowed them to steal her money. Sad. Wrong. Symptom of just how corrupt our nation has become.
I quit using paypal because they no longer let you (or me at least) use a credit card for purchases. I don't think Paypal likes your credit card company reversing the charges from a fraudulent seller (I was the victim of a fraudulent ebay transaction and Capital One protected me). Rather than hold fraudulent sellers accountable and protecting the buyer, they choose to protect the seller from whom they make their money. I too am hoping Google can do better.
The author meant to say 'if you lose your key', not 'if you loose your key'...it's a young blogger world out there...
Absolutely right on ! Paypal used to be pretty decent; I signed up and began using them shortly after they started. But then ebay bought paypal and everything went to hell. It's been absolutely amazing how their concern for ebay buyers as paypal customers is near the bottom of the scale, compared to how they protect ebay sellers.
I was the biggest paypal fan for many years, but that has turned around 180 degrees in the past three years or so.
Wouldn't it be nice if there was a real alternative to paypal? Google's payment system may take care of a part of it, the payment-for-goods-&-services part, but what about the bank account part?
I consider myself lucky that I've only been taken for about $500 in the past two years, due to Paypal's biased and incompetent system.
Stay away from Paypal ! (I never thought I'd be saying that.)
extra layer of security is top-security firm Vasco Data International's product
I have been with EBay for 6 years, am a silver level powerseller, paypal verified for 2700+ transactions, and sell over $5K per month (usually) with over 90% of transactions going through Paypal. About two years ago I tried to get away from paypal because of a hold on my account due to what Paypal said was suspicious activity. My gross decreased almost 45% a month when I tried to use other services. This was the one and only time that Paypal has frozen my account or done anything 'shady' and after I called and explained the strange charges, it was freed up in about two weeks. THEY HAVE NEVER STOLEN MONEY FROM MY ACCOUNT!!! I have run over $200000 through Paypal and had the account frozen once. I would say that it is better to have a hold on your account to prevent suspicious activity rather than no protection at all. Point being, Paypal has their flaws, but rather small compared to the merchant account I have for my retail storefront (2% trans fee, batch fee, manual enter fees, etc...). Say what you want, but generally people who have a problem voice their opinion and ones who do not are not usually searching out forums to voice their complaints. Word or advice, do not take advice from bias reviews. Use your brain and of course, do not leave money in accounts that are not insured! Transfer to your 'ebay' bank account and then to your business or personal checking account and there is no way for paypal to 'take your money'!
Dan
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GregJan 12th, 2007 - 14:35:20
It's about time paypal added an extra layer of security. I am very wary of phishing scams (I always seem to get calls from Barclays who then ask me for my details to 'confirm' who I am!) but obviously paypal is a lot more universal. This should definitely make it safer to use ebay! :)
Cheers
Greg
http://www.actiontelecom.co.uk
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