Pay Pal Changes??

[McClef]

Here in the UK it is rare that we have to sign when using a card.

Since last February, the vast majority of retailers are on the PIN system for authorising transactions as card companies insist they will not make good any signature transactions that later prove to be fraudulent. They believe that a PIN is better than a signature (which can be forged) although of course if a fraudster knows the PIN it is not complete protection.

Online transactions, Paypal or not, don't need PIN or signature and most rely on confirming the "security code" (3 figures on the back of the card) as the only other means of verification.

At least with Paypal, the seller never gets to see any of your card details at all.

But it is important that one stays alert to any phishing emails one gets and report them to Ebay or Paypal.

I always do this by forwarding them to their "spoof" address and get an acknowlegement and confirmation that they are spoofs. What action they then take is never reported and this in an area they could certainly do with improving.

[MacTavishOfJapan]

Here in the UK it is rare that we have to sign when using a card.

Since last February, the vast majority of retailers are on the PIN system for authorising transactions as card companies insist they will not make good any signature transactions that later prove to be fraudulent. They believe that a PIN is better than a signature (which can be forged) although of course if a fraudster knows the PIN it is not complete protection.

This new fangled chip and pin thing is weird!!! I'm just glad I remembered what I set my Japanese credit card's pin as!

[RockyR]

We use paypal as a SELLER for a few reasons...
1. It's a LOT harder to get "fraudulent order" through paypal than it is thru a normal CC Processing gateway.
2. It's MUCH cheaper to use paypal from a "small company" standpoint as your credit card processing online. "gateway" systems (shopping carts and credit card accepting systems like you see on major sites like Amazon and stuff) cost MONEY to set up and cost a monthly fee. They take a slightly lower % than paypal, but the monthly charge makes it a bigger hurdle. OR... they do it cheap... they'll set up your site and accept orders FOR you, BUT THEY control your site and THEY advertise on it with other companies ads.
3. We can still accept phone orders!

As a seller, Paypal is pretty easy for us. It is free to use monthly and they provide all of the software and code we need to make it work. All we have to do is maintain the site and they send us emails every time we get an order!

Is it a PERFECT system? No. Is it better (safety and $$$ wise) than the alternative from the seller standpoint (for now)? Yes.