I don’t think it’s the merchant that gets screwed.  It’s the person paying cash.

   Bill Holt


On Nov 18, 2013, at 12:30 PM, Bill Rising <[email protected]> wrote:

> On Nov 18, 2013, at 11:36 , Lee Larson <[email protected]> wrote:
> 
>> On Nov 18, 2013, at 11:03 AM, Bill Rising <[email protected]> wrote:
>> 
>>> 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.
>> 
>> I guess I should have elaborated about my use of PayPal. My PayPal 
>> authentication includes one of those pseudo-random dongles they supply. 
>> Every time I use PayPal, after giving my user name and password, I also have 
>> to supply the number from the device. The number is generated using a secret 
>> elliptic algorithm, depends on my personal key dongle and changes every few 
>> minutes. This seems pretty secure to me.
> 
> Ahhh... I didn't know there was such a thing. That would be much more secure.
> 
> It looks like PayPal skims about as much as Visa and Mastercard as a 
> transaction fee, so using it doesn't seem to screw the merchant any more than 
> a credit card.
> 
> Perhaps paypal is a good idea...
> 
> Bill
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