Sep 21 2008
Identity Theft, tips and safe guards 06; Internet Payments, Paypal
Paypal is an internet company that provides it’s customers with a means of paying for bills and merchandise over the internet. When you sign up with Paypal you provide them with your personal information such as bank account number and credit card number and they provide you with a membership account accessed by your e-mail. When you wish to pay a bill via the internet you simply provide the company with your e-mail address. Paypal provides a way station for holding payments requests. When a payment request is made by a company you receive a notice in your e-mail. You then have the option to grant their request or deny their request. Instead of passing out your credit card information to each individual company you wish to do business with you simply provide the information to Paypal and they send out the payments directly to the companies on your request. If you find someone has breached your e-mail account and has been using your Paypal account for unauthorized payments you don’t have to worry that the criminal has your personal information just your Paypal membership account access. The merchants or retailers receive payment from PayPal without ever seeing your financial information.Your private information remains private. For security tips and further information about Paypal check out:
https://www.paypal.com/us/cgi-bin/webscr?cmd=xpt/cps/securitycenter/general/UnderstandIdTheft-outside
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