PayPal currently has over 100 million active accounts originating from 190 countries. PayPal is available in 202 countries worldwide and supports 25 currencies.
People use PayPal to send or receive payments, purchase or sell goods and services, make or accept cash donations, and exchange cash.
PayPal is one of the oldest, most reputable payment services company available, and is safe to use. Nothing is completely risk-free being that data breaches and glitches are possible everywhere.
The PayPal site is extremely secure. Industry-leading technology (SSL) is used to keep each and every information safe.
Your confidential information is encrypted automatically by PayPal; when in transit from your computer to the PayPal server. Secure Sockets Layer protocol (SSL) comprising of an encryption key length (128-bits) is employed in the technology.
Prior to even registering or logging in to the PayPal site, PayPal server checks and verifies that you’re using an approved browser(SSL 3.0 or higher).
As soon as your information reaches the PayPal site, it automatically resides on a heavily guarded electronic server.
Being one of its unique kinds, PayPal servers sit behind an electronic firewall that is not openly connected to the internet. Hence, your private and confidential information is available only to approved computers.
However, in this post, we are going to be looking at ways by which PayPal seller protection is guaranteed.
And we will do that by discussing three major protection strategies adopted by PayPal in other to protect PayPal sellers from any fraudulent activities from buyers or customers who make purchases using the seller’s PayPal Payment gateway.
PayPal Sellers Security Protection
PayPal is global payment gateway for many eCommerce site and known popularly for its seller protection. Here are the measures they have applied that guaranteed that:
In the unlikely event that you receive an unauthorized payment or if the item claimed by the buyer is not covered, our Seller Protection can help you reduce your losses and give you more peace of mind. Find out more at PayPal’s security.
With anti-fraud risk models, industry-recognized security code requirements for preventing credit card fraud cards, and widespread use of data encryption, PayPal’s technology, and security measures ensure that transactions and financial information are more secure and confidential.
You can also use PayPal’s security tools and recommendations to prevent identity theft and website or email phishing.
If you are experiencing problems with the transaction, we are always available to help.
If the buyer submits a dispute or compensation application, our professional account manager and customer service can help you.