Since we all are aware of PayPal and know that PayPal is one of the most popular web-based online transaction tools, enabling users to pay for their goods, services, or any online transaction they carry in their day-to-day lives.
Also, here is an in-depth article that will give you information on some of the apps which pay real money through PayPal. For readers who are new to PayPal collectively, it’s an online service used to send or receive money through transactions via the internet worldwide.
If you’re a new user who doesn’t have any experience regarding PayPal, it can be overawing. Well, it can be intimidating for existing users who are frequent users of PayPal.
So for all the users who consistently operate PayPal get trapped in scams, fraud, and theft, so to avoid all these malpractices, it’s essential to know all the safety measures and precautions, so here we’ve got you covered with five tips for safer PayPal payments.
TIP1: Always Link PayPal to a Credit Card
If possible, always link your credit card with your PayPal account instead of your debit card. There are many reasons for it, but most importantly, there are two reasons. First, if someone somehow steals your identity or gets direct access to your bank account, they won’t be able to empty your bank account if it’s directly connected to your bank account because PayPal won’t refund your money.
However, you can still contact your credit card company if they can intervene in that process. With this comes one more thing if your credit card is compromised, you still have 50-60 business days to dispute those funds misused from your credit card company. So it’s better to link big banks’ credit cards like Visa, MasterCard, etc., rather than link your debit cards.
You May Read: How to Stay Safe from Credit Card Fraud
TIP2: Good Password Practice
The most common online tip that everyone in this world should go for has a good password practice, and you should apply it to all of our accounts. It’s because a strong password provides us security against unauthorized malpractices and also defends your PayPal account against malicious software and prevents hacking.
This goes without saying that a charge on the internet, which has your sensitive information, data, and financial details, is prone to misuse, which can be prevented from having a solid password. And having a secure subtle password for each of your PayPal accounts is a must for a safer transaction.
Make sure every time that you must always a unique or diverse password for your PayPal account which has sensitive information; for having a unique or a different password, you should use many complex symbols or uppercases mixed with lowercase, so this can be the best move you can make for securing your PayPal account from getting hacked or misused.
TIP3: Two-Factor Authentication
Short and sweet two-factor authentication is nothing but adding a layer, i.e., a security cover for protecting your PayPal account or any accounts on the internet that are more prone to be misused. When you apply for two-factor authentication, you receive a code, or you get a mail whenever you log in to your PayPal account.
There are many options in two-factor authentication. You get pin verification, verify from your mobile number, tap yes or no on your mobile for access, and offline security codes. So it’s worth it to set up a two-factor authentication that adds one extra step to logging into your account, and it’s beneficial as well.
TIP4: Keep Your Network Safe
Keep in mind that while operating your PayPal, you should always check whether your network is safe enough to operate your PayPal account. Never operate your PayPal through a public network because it’s more prone to get easy access to your account, or in simple words, it can easily be misused, and you may never know.
So whenever you want to operate your PayPal account or any other account with access to your bank account, make sure that the network is private and safe.
TIP5: Set Substantial Security Questions
Along with two-factor authentication, there’s another option that PayPal itself surprisingly provides. That is setting security questions or security keys, which adds another layer of security and gives enough protection to your PayPal account. Generally, what happens here is they provide you with a set of questions that you have to answer whenever you forget your passcode.
Do They Recover Your Account by Asking You These Questions?
- What is your spouse’s name?
- What was your childhood best friend’s name?
- What’s your age?
- What was your school name?
- What’s the nickname of your oldest child?
So these were some security questions that PayPal asked for additional security for protecting your account from unauthorized access, making it safe and protecting from hackers.
So these were five tips for performing safer transactions on PayPal. As it’s a vast online transaction provider on the internet, so it’ll be prone to theft or fraud, it is safe but not that much safer if you don’t follow the tips mentioned above.
And one more crucial thing to remember is that whenever you witness any unauthorized access to your account or if you have been trapped in fraud, PayPal will protect and reimburse your scam as long as you have seen that copy within the first 60 days after that it won’t be the responsibility of PayPal.