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Reviewing PayPal Security Tools

PayPal is one of the greatest inventions of the Internet age—however, in order to use it safely, you’ll need to be aware of the necessary PayPal security tools.

PayPal is an online payment system that makes it very easy to send and receive money using only your email address. The financial transfers are encrypted and sent without personal information, meaning that you can be secure in knowing that your money and information is safe.

However, that doesn’t mean that it’s all simple and easy. With a great amount of money comes a great amount of scams, and PayPal has seen a lot of those as of late.

The most common types against PayPal are phishing scams in which hackers use fake emails or websites, meant to look like official PayPal ones, to get people to give up their precious personal information. With this information, they can log into their accounts and steal their money.

In order to help protect yourself against these many ongoing scams, you’ll need the appropriate PayPal security tools found on their website.

Today, we’ll look at those security tools and see how they can keep you safe on PayPal.

Email authentication

One of the most important tools PayPal can have it email authentication. This is because most phishing scams involve sending users fake emails that seem to come from PayPal.

This is also a great security tool because you, as the user, don’t have to do anything at all. Email authentication is a way for PayPal to authenticate all its outgoing emails. This means that all the participating email providers (Gmail, Yahoo Mail, etc.) will be able to confirm that the email actually came from PayPal.

Virtual Debit Card

PayPal’s virtual debit card is a digital credit card specifically for PayPal users. It generates a temporary number each time the user uses it and will send warnings of potentially fraudulent websites.

This is a fantastic tool when you want to know that your purchases are safe and secure when you are shopping for goods online. Of course, it also comes with other benefits, so it is something worth checking out.

Equifax Credit Alerts for US PayPal Users

For American PayPal users, PayPal has teamed with the credit bureau Equifax for extra protection using credit alerts. These Equifax credit alerts work by providing users with a quick warning detection system about any potential identity theft.

This is also a great option, seeing as you won’t need to pay for it.

Two-Factor Authentication

However, there is one area in which PayPal fails at security. Two-factor authentication is a very important measure of protection in the modern world.

Essentially, what it does is it requires you to have two things (one ‘know,’ one ‘have’) in order to log into your account. You need your ‘know’ (username and password) combined with something you have (usually your phone) in order to access your account. Because they will usually send you a code by SMS, it’s difficult and virtually impossible for someone to get into your account by only stealing your information. They would need to have access to your phone or other device as well.

PayPal has two-factor authentication, but it makes it quite difficult to get to it. I went to my PayPal account to turn it out, but I couldn’t find it anywhere.

As you can see, there’s no option to turn on two-factor authentication, only the very weak Security Questions (easily guessable by any hackers checking your social media profiles).

Eventually, by searching online, I found the link to the hidden part of PayPal’s website to turn it on. First you must be logged in, and then click on this link to set up PayPal two-factor authentication. However, this makes it very difficult for the average person to not just find it, but even to know that it exists.

Therefore, although PayPal has had some big problems in the past with fraud, it is not helping itself by making it so cumbersome to get greater user protection.

Of course, the last great tip here when it comes to PayPal security tools is to always be vigilant when you are on PayPal. Phishing scams work by fooling the user into thinking that the site is real, although there are many signs that it is a fake.

The last and best line of defense is always you.



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