On Nov 17, 2013, at 15:47 , John Robinson <[email protected]> wrote:
> In a discussion with a couple guys in the family, we were discussing which is > the safest way to pay for a product on line. > > I felt Paypal was the way to go, I dislike my card info being placed with > bunches of firms, now I am exposed to any one of them being hacked, I wanted > to rely on the security of PayPal (if there is such). > > They both contended that the credit card was the best way to go, the > protection of only $50.00 which is normally not charged, the ability of your > money in your checking account not being messed with as my Paypal account > comes directly from my checking account. It may take weeks for the money be > be credited back to the account. > > Their argument made a lot of sense. > > What is the better way, having your info. at every store you shop or not > having the protection the credit card offers by using Paypal. I am in the same camp as your friends. Having a portal with open access to a checking account seems far more dangerous to me than someone having a credit card number. The former has a pile of cash sitting in it, the latter is something which can be recalled quickly. (This is also the reason I refuse to use debit cards.) I could also imagine that if someone emptied my checking account, even if I found out about it quickly from Paypal, there would be all sorts of bounced check/overdue payment fees to take care of. I also like to have the credit card company sitting between me and someone malicious. If they want to charge merchants 3% per charge for simple bookkeeping, they can take all of the risk for someone stealing the number. Of course, all of this is based on gut feelings and has nothing to do with how secure information is overall. I have had a credit card with my name used twice for bad charges; both times it came from hotels, and both times everything was nixed from the bill immediately and without fuss. Bill
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