Because PayPal is widely used for online transactions, it is understandable that criminals would seek to gain access to PayPal accounts. When it comes to protecting your PayPal account, there is a lot you can do on your own. Keep your PayPal account safe and avoid typical ways to protect your PayPal account.
As it turns out, PayPal is a trustworthy platform constantly upgrading its security measures. The corporation has implemented a white-hat hacker program and has already paid out approximately $4 million since 2018. Venmo and other services owned by PayPal are also covered by the scheme.
1. Password Shouldn't Be Simple
All of your accounts should be protected by this standard online security advice. To protect your PayPal account, do not use passwords that are too easy to guess. Avoid repeating passwords from other websites so that a hacker who gains access to your first account cannot access your PayPal account to stay safe using PayPal.
Please log in before you can change your password. Click the gear icon at the upper-right, then the Security header at the top of the screen. Select the Password option from the drop-down menu.
2. Use A Virtual Private Network (VPN)
Use a Virtual Private Network (VPN) if you need to access your PayPal account while you're away from your home network's protection (VPN). A virtual private network (VPN) encrypts all of your online transactions, including accessing and using your PayPal account to provide an additional layer of protection.
A virtual private network (VPN) is especially useful when using a public hotspot when you're on the road. We've already warned you about the dangers of using public Wi-Fi to access your PayPal account, but we understand that sometimes there's just no other way to protect your PayPal account.
3. Check The Permissions of Your Account
You may link your PayPal account to many businesses and sites, including eBay and your credit card. If you use these frequently, it's a good idea to check to see if you have given anyone access to your PayPal account.
To see where you've logged into PayPal and which precise rights you've granted, click Update next to Permissions you've given.
4. Make Use of Strong Passwords
PayPal still uses security questions as a form of account protection, which is a bit of a surprise. These are less secure than other technologies because they can be easily guessed or figured out through social engineering.
As a result, you should click the Update button next to Security questions on the Security page and ensure to protect your PayPal account.
5. Disabling Auto Login
To save time, PayPal offers a tool called One Touch. It eliminates the need to sign in to your PayPal account to complete a purchase using PayPal in your current browser. It would help if you didn't utilize this on shared computers or portable devices like laptops.
To turn it off, go to PayPal's Security page.
6. Buy and Sell from Verified Buyers and Sellers
Anyone with a valid email address can open a PayPal account, including scammers and identity theft victims. On the other hand, legitimate buyers and sellers go through the extra process of getting their accounts verified to show that they are trustworthy. PayPal requires more personal information for verification to protect your PayPal account.
There are a lot of scammers out there that won't or can't offer this kind of sensitive information, such as a social security number. For the sake of your peace of mind, you should only conduct business with PayPal verified accounts.
7. Don't Fall Victim to Phishing Scams
To keep your PayPal account safe, you can make the modifications outlined above. However, avoiding mistakes that could lead to your account being hacked is an equally important part of security. It includes avoiding threatening emails. Due to the widespread use of PayPal, phishing emails claiming to be from the company but being sent by criminals are typical.
To avoid losing your account credentials to a phishing email, you should be aware of how to identify them. There is no need to give your PayPal account information unless the site is authentic. Email links should not be clicked because they are often embedded to protect your PayPal account.
It's a buyer's worst nightmare to get an unexpected bill. Describe your item in detail and add images. Photos are extremely vital when selling in nations where customers may not be fluent in the language in which the seller prepared the listing. Make sure your return policy is clearly stated in a position where customers can easily locate it.
Conclusion
Although PayPal had a reported data breach in 2017, the leak included the infrastructure of a company that PayPal was purchasing at the time of the breach.
Users don't have to share their bank information with sellers because all payments with PayPal are based on email addresses to protect your PayPal account.
