How Secure Is The Paypal

Published Date: 02 Nov 2017

The PayPal site is highly secure. They use industry-leading technology (such as SSL) to keep our information safe.

PayPal automatically encrypts your confidential information in transit from your computer to ours using the Secure Sockets Layer protocol (SSL) with an encryption key length of 128-bits (the highest level commercially available). Before you even register or log in to the PayPal site, our server checks that you're using an approved browser - one that uses SSL 3.0 or higher.

Once your information reaches the PayPal site, it resides on a server that is heavily guarded both physically and electronically. PayPal servers sit behind an electronic firewall and are not directly connected to the internet, so your private information is available only to authorized computers.

What Makes the PayPal So Secure?

•Technology

Our state-of-the-art fraud models and proprietary fraud engine work together to help stop fraudulent transactions before they happen. In addition, PayPal stays at the forefront of security, developing many anti-fraud technologies every year.

•Experience

With PayPal, you've got the industry's most experienced fraud team on your side. PayPal processes billions of dollars in payments each year, allowing us to continually perfect our anti-fraud protections. As a result, PayPal's loss rate is significantly lower than the industry average. We also work with federal law enforcement to catch criminals.

•Privacy

PayPal is committed to protecting the privacy of our users. When you send or request money using PayPal, recipients never see your bank account numbers or credit card numbers. They only see your email address, date of sign-up, and whether or not you have completed PayPal's Verification process.

Security:

Safer with every transaction

Whether you’re buying, selling, or transferring money, you get an extra layer of security when you use PayPal. That’s because all your financial information (like your credit card number) is securely stored and encrypted on our servers, so you don’t need to share your financial information with the person you’re buying from.

In addition, your transactions are monitored 24 hours a day, seven days a week, by a dedicated team of security specialists. Their mission is to identify suspicious activity and help protect you from fraudulent transactions.

If you ever notice a charge on your account, for something you didn’t authorize, report it immediately. We’ll secure your account and launch an investigation to find out what’s going on. If we find that someone has used your PayPal account without your permission (for example, someone stole your account password), or there was an error (for example, money was incorrectly taken from your account), we’ll cover you for the full amount of every eligible unauthorized transaction.

Finally, if a transaction doesn’t go as planned, or you’re worried about anything at all, like fraud or phishing, we make it easy for you to report issues, and get help. On top of all this, we provide additional protection through our Purchase Protection and Seller Protection programs, described below.

Purchase Protection:

If an eligible item that you’ve purchased online doesn’t arrive, or doesn’t match the seller’s description, our Purchase Protection will reimburse you for the full purchase price of the item plus shipping costs.

Seller Protection:

PayPal offers powerful anti-fraud protection and helpful strategies for staying safe.

The Fight against the fraud: We employ a variety of tactics and technologies to help keep you protected when you're doing business online using PayPal. We offer industry-leading data encryption, a team of over 2,000 fraud-fighting specialists, and a set of highly effective anti-fraud risk models and detection techniques.

More ways we help keep you and your account secure:

•Comprehensive Seller Protection-at no additional cost

•Guides and FAQs on phishing, identity theft, and other security-related topics

•Integrated shipping and package tracking-so you know what's where, and when

•Our security teams work closely with the FBI and other law enforcement agencies

Address confirmation: When a buyer's address is "confirmed", it means their credit card billing address has been verified.

Why Confirm a Buyer's Address?

While most unconfirmed addresses are not fraudulent, a confirmed address provides an extra layer of protection, as it helps to identify stolen credit cards, prevent identity theft, and reduce the likelihood of fraud-related chargebacks.

Shipping to an unconfirmed address is generally safe, but not entirely without risk. Take a look at our safer selling tips to get some helpful pointers.

How to Confirm a Buyer's Address:

Let your buyers know why address confirmation is a good idea. Here are a few ways for them to do it:

1. They can add a credit card to their PayPal account. PayPal will then confirm the credit card billing address.

2. They can apply for a PayPal plus Credit Card or an eBay MasterCard. If approved, the address on their application will be a confirmed address.

PCI DSS Compliance – Website Payments Standard

What is the Payment Card Industry (PCI) Data Security Standard (DSS)?

PCI DSS is a set of comprehensive requirements for enhancing payment account data security established by American Express, Discover Financial Services, JCB International, MasterCard Worldwide, and Visa Inc. International. It was developed to help the broad adoption of consistent data security measures on a global basis. All merchants that process, store, or transmit payment card information for American Express, Discover, JCB, MasterCard, or Visa are required to be PCI DSS compliant.

How does Website Payments Standard make your payments PCI DSS compliant?

As customers shop on your site, they click a button to pay using their bank account, credit card or PayPal account. In any case, your customers pay on a secure, PayPal-hosted page. Because PayPal stores your customer’s credit card account information, you won’t need to worry about protecting stored cardholder data, encrypting data in transit, or restricting access to cardholder data. We continually maintain and regularly validate the security of Website Payments Standard. As a result, you can focus on winning more customers and providing outstanding customer service.

Committed to data integrity

Website Payments Standard has achieved PCI DSS compliance certification under the Visa Cardholder Information Security Programme and the MasterCard Site Data Protection Programme. In addition, PayPal has achieved the American Institute of Certified Public Accountant's Statement of Auditing Standards #70 (SAS70) certification. This underscores our strong commitment to making security a central focus of our development efforts and protecting the safety and integrity of customer data.

Avoid the cost and complexity

Businesses that collect credit card information to process online payments are required to:

Build and maintain a secure network to protect payment card information

Protect cardholder information

Maintain a vulnerability management programme

Implement strong access control measures

Regularly monitor and test networks

Maintain an information security policy

Meeting these requirements can be costly and time consuming. Website Payments Standard handles sensitive customer information for you so you can spend your time and resources running your business and serving your customers.