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[Oluti]

PayPal is an online payment processing platform that is owned by the parent company, eBay had its first ever billion dollar revenue quarter in 2011. PayPal is one of the preferred payment processors for online merchants, but it is not immune to being hacked or compromised in many ways putting whatever funds you have in your account at risk. In this article we’ll take a look at some ways that you can protect your PayPal account.

"PayPal says that it saw $3,650 in Total Payment Volume every second in Q2 2011. By our calculations, that means PayPal is processing around $315.3 million in payments per day." Source: techcrunch.com

Here are five tips for keeping your PayPal account safe from hackers and fraudulent use:

1. Create a strong password
A strong password is your first line of defense in protecting your PayPal account. Make sure that your password is at least 9 digits long, is a combination of numbers, upper & lower case letters and keyboard symbols. Never use a word from the dictionary or a person’s name for a password. Also be sure to change your password often.

2. Email security tips for your PayPal account
If you must use a free email service, use Gmail, which is more secure than other free email providers. Do not open emails from PayPal that have generic subject lines such as, “Dear PayPal user.” If you have received an email reporting that your account has been frozen due to fraudulent activity, don’t click on any links in the email. Call PayPal customer service immediately.

3. Lock your PayPal account using a security key
Adding a security key adds a second layer of protection for your PayPal account. After you set up the security key you’ll have to use it each time you log in. Any attempts to access your account without the security key will cause the account to be frozen so the hackers will not be able to access your funds.

Under the “profile,” menu choose, “More Options,” then select, “My Settings,” and then click on the “Get Started,” button to the right of the “Security Key” option. Follow the instructions and your security key will arrive in the mail. When it arrives follow the activation instructions.

4. Call PayPal Customer Service
Don’t use email if you think that your account has been compromised because you don’t know if you have spyware on your computer or if your account has been hacked. Call PayPal customer service anytime you have any problems with your account.

5. Protect your computer with a firewall and anti-virus software
Always have anti-virus, firewall and spyware detection software installed and running on your computer. Also make sure that the anti-virus definitions are updated regularly. This will help protect your PayPal account and the rest of your computer from the dangers that lurk on the Internet.

PayPal can be a great, convenient online payment processor, but you must learn to protect it and your funds from hackers.

 

[kerryjoy]

Given how frequently scammers and cybercriminals target PayPal accounts, I believe that protecting them is crucial. After years of using PayPal, I always make it a point to adhere to best practices, such as using two-factor authentication and creating complicated passwords. In my experience, turning on the PayPal Security Key provides a strong additional layer of protection; without it, logging in feels too risky. Additionally, I don't click on any links in emails that purport to be from PayPal unless I'm positive of their authenticity. To reduce exposure, I even made a unique email account specifically for PayPal. Given the volume of money that passes through PayPal every day, it makes sense to be proactive.

 

[Professional Writer]

Given how frequently scammers and cybercriminals target PayPal accounts, I believe that protecting them is crucial. After years of using PayPal, I always make it a point to adhere to best practices, such as using two-factor authentication and creating complicated passwords. In my experience, turning on the PayPal Security Key provides a strong additional layer of protection; without it, logging in feels too risky. Additionally, I don't click on any links in emails that purport to be from PayPal unless I'm positive of their authenticity. To reduce exposure, I even made a unique email account specifically for PayPal. Given the volume of money that passes through PayPal every day, it makes sense to be proactive.

I really dislike paypal. There are many other payment systems and online payment wallets that are far much better than paypal. Some of them include Skrill, Payeer, etc. I have been using Payeer for a long time an it has very low fees. Unfortunately, Payeer is not accepted or supported in US. However, it works perfectly in all other parts of the world. Apart from that, Payeer also supports many flexible exchanges as well. These exchanges are easily available in my country and I can quite easily withdraw Payeer cash through these exchanges.