Quote:
Originally Posted by crich70
Well in my case I was very lucky. The bank caught the would be theft before any money was taken. Someone over seas in another country was trying to use it (I forget where) but they didn't get a penny. My bank knows me and that I don't travel overseas. Most of the time I can't even get out of town much less from one state to another so an out of country charge was a flag raiser. I changed email addy's for my online shopping as part of things along with everything else so I should be safe (hopefully). I don't use it much for online purchases and for at least some of those I use paypal now. I do have some of my bills auto deducted via my debit card but those are fixed amounts usually so the bank can see a pattern of expenses.
|
Be aware that unless you carry a credit card on your paypal account, it has no protection. Paypal told me on the phone during several calls that they rely on the credit card insurance for protection of accounts. This includes if you have your paypal linked to your bank account (which I will no longer do since paypal does not insure against theft/misuse/fraud). Things may have changed since my numerous calls to them about 3 years ago. They advised me to up my security by purchasing one of those key lob thingies that has to be on hand to make a transaction.
So far as I know, they do not offer fraud protection of any kind and rely on the credit card on file to provide it should someone begin using your paypal account and drain it. Again, this may have changed, but it would behoove you to check with your bank if it is linked and with your credit card and with paypal to understand any protection that may or may not be offered.