pay pal questions?

[kitler53]

vivster said:

kitler53 said:
identity theft is serious but using a credit card online isn't how your identity gets stolen.


credit cards online are, imo, safter than pay pal. the money in your pay pal is your money. if someone hacks the account and takes the money you lose that money. credit cards on the other hand are the banks money. if someone uses your credit card fraudulently the bank loses the money not you.

then just don't buy things from shady online stores. amazon is perfectly safe and has everything is a pretty good price. ..but if you see a site where the deal seems almost too good to be true you are probably working with someone that at bare minimum isn't doing a good job securing their web traffic and at worst is phishing.

That's just not true. There is no reason to have money stored on paypal's account. It's not a prepaid model. I had paypal for years and never had a single penny on there because they pay for me and then instantly book from my bank account. It's basically the same as a credit card.

Also, even if you had money with PayPal there are ways to get the money back even if your account was hacked, the same as credit cards when they are stolen.

also known as your money.  your money is gone until you make all the calls to try and get your money back.  the transaction took that money and while your trying to get the charge reversed you are responsible for things like defaulting on your mortage because of a lack of funds or overdraft fees if you make a purchase before you notice you no longer have money in the account.  it's more like a debit card then a credit card.  with credit it's the banks money lost and their problem to get it back.