Paypal advice

Skybird · 11-28-12, 05:38 PM

When their server get hacked and your account info gets stolen, you're prey.

Gerald · 11-28-12, 06:51 PM

Quote:

Originally Posted by Skybird

When their server get hacked and your account info gets stolen, you're prey.

These words that you deliver here Sky, could form the basis of any business, and paypal or Amex, etc, but my general opinion is that the paypal and Amex have good security.

CaptainHaplo · 11-28-12, 07:06 PM

@OP

I have used Paypal for about a year - and I was not thrilled with the idea - but so far I have had NO problems whatsoever.

@Skybird - I work in IT for a major bank. Where do you think all the financial data is kept? On servers. Lots of them. All over the place. We have a HQ, and a backup HQ just in the US. Every branch office you can visit has a server. It doesn't matter who you use - somewhere your "money" is sitting in digital format on a server. Which means its possible it could get hacked. Which means your financial institution is a target. Better run and put your money under your mattress - but wouldn't that make YOU the target for the thieves?

Do you want them hacking one of "my" servers, knowing I have a large, dedicated team of people doing Intrusion Detection and Response, another team concerned purely with Data Security - or do you want them "hacking" down your door with an axe to get to whats under your mattress?

At least in the US - if your personal info is breached - there are remedies you can make use of. If it was the waitress at the diner stealing your card info, then she can get busted. If your financial institution does not adequately protect your data - as stated in the law if they did not do their due diligence - then you have a claim against them. Also - deposits are insured by almost all financial institutions (using the FDIC) up to 250k.

Sailor Steve · 11-28-12, 07:36 PM

I was another who was leery about PayPal at first, and for a long time. Now I use it whenever I can. They gave me credit when no one else would, but that's only part of it. With PayPal I don't have to give anyone my credit card number, just my PayPal account. They have my CC (well, debit card actually, since no one will give me credit) number, and everything goes through them. Amazon has lost some business to eBay from me, because Amazon's bank won't give me the credit.

PayPal is now sending me a card I can use that works in stores, as it ties in with my bank account. Maybe it will even work on Amazon.

PayPal rules!

AVGWarhawk · 11-28-12, 09:27 PM

I have had no issues with PP.

11-28-12, 05:38 PM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,718 Downloads: 10 Uploads: 0	When their server get hacked and your account info gets stolen, you're prey. __________________ If you feel nuts, consult an expert.

11-28-12, 07:06 PM	#3
CaptainHaplo Silent Hunter Join Date: Apr 2007 Posts: 4,404 Downloads: 29 Uploads: 0	@OP I have used Paypal for about a year - and I was not thrilled with the idea - but so far I have had NO problems whatsoever. @Skybird - I work in IT for a major bank. Where do you think all the financial data is kept? On servers. Lots of them. All over the place. We have a HQ, and a backup HQ just in the US. Every branch office you can visit has a server. It doesn't matter who you use - somewhere your "money" is sitting in digital format on a server. Which means its possible it could get hacked. Which means your financial institution is a target. Better run and put your money under your mattress - but wouldn't that make YOU the target for the thieves? Do you want them hacking one of "my" servers, knowing I have a large, dedicated team of people doing Intrusion Detection and Response, another team concerned purely with Data Security - or do you want them "hacking" down your door with an axe to get to whats under your mattress? At least in the US - if your personal info is breached - there are remedies you can make use of. If it was the waitress at the diner stealing your card info, then she can get busted. If your financial institution does not adequately protect your data - as stated in the law if they did not do their due diligence - then you have a claim against them. Also - deposits are insured by almost all financial institutions (using the FDIC) up to 250k. __________________ Good Hunting! Captain Haplo

11-28-12, 07:36 PM	#4
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	I was another who was leery about PayPal at first, and for a long time. Now I use it whenever I can. They gave me credit when no one else would, but that's only part of it. With PayPal I don't have to give anyone my credit card number, just my PayPal account. They have my CC (well, debit card actually, since no one will give me credit) number, and everything goes through them. Amazon has lost some business to eBay from me, because Amazon's bank won't give me the credit. PayPal is now sending me a card I can use that works in stores, as it ties in with my bank account. Maybe it will even work on Amazon. PayPal rules! __________________ “Never do anything you can't take back.” —Rocky Russo

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11-28-12, 09:27 PM	#5
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,293 Downloads: 90 Uploads: 0	I have had no issues with PP.