Does PayPal Put You At Risk of Identity Theft?

Over the years PayPal has become an increasingly-popular way to make payments online, the problem is that many people feel PayPal puts them at an increased risk of identity theft. Are these fears founded, or are these people missing out on a valuable online payment tool? If you’ve been afraid to use PayPal due to identity theft concerns, there are some things you should consider.

Advanced Security Features PayPal knows that its customers are concerned about identity theft, which is why they work so hard to prevent it from happening on their site. Not only does PayPal offer educational tools geared towards teaching users about identity theft risks, but they have also implemented numerous identity theft tools such as free EquiFax credit alerts and the new PayPal Security Key. Without the security key you log into your PayPal account using your email address and password. With the security key, however, an extra layer of protection is added. Does PayPal Put You At Risk of Identity Theft?

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