Is paypal safe?

Canada
July 22, 2009 10:59pm CST
hello fellow mylotters, Question is: Is Paypal Safe? i'm going to try and get my parents to allow me to use a paypal account. however, they don't think paypal is safe. I would like to hear what you have to say about paypal and whether or not it is safe to use. also, there are a couple questions that i would like for you to shed some light on. 1. Do you have to have a verified paypal account to send/recieve funds? 2. Is it safe to give your credit card or bank account info to paypal? 3. How may i withdraw funds from paypal? Do you have to have a verified paypal account to withdraw funds? any replys would be very helpful and much appreciated. thanks!
3 people like this
17 responses
@anangf (1146)
• Indonesia
23 Jul 09
Yes, i think it is. Beside that, i never left my balance more than $10. #1. I have my paypal account verified, it is more convenient for me. #2. And there is nothing to worry to save our bank account details info into paypal. It is use by paypal to withdraw funds to our bank account, right? #3. You have minimum funds to withdraw at least $10 with some fees in paypal policy. No fees if minimum withdraw $150. Yes, we must have verified paypal account to withdraw process. happy myLot
1 person likes this
• Canada
23 Jul 09
thanks for replying, i have another quick question: Am i able to withdraw funds from paypal by requesting check from them?
1 person likes this
@anangf (1146)
• Indonesia
23 Jul 09
Yes you can instead i never do that. It is can ordered from certain countries. Maybe you can find your answer here : https://www.paypal.com/helpcenter or you can read below that i have copy and paste it for you from paypal site..: [i]For U.S. members, please allow 1-2 weeks to receive your check. If you have not received your check after 14 business days, please contact us. For members in Argentina, Brazil, Chile, China, Ecuador, India, Jamaica, or Uruguay, please allow 4-6 business days for your check to be processed and mailed. Postal delivery time is additional and varies depending on your country. Please note that PayPal has no control over the local postal delivery times. [/i] Hope it's help.
1 person likes this
@se7enthbird (8307)
• Philippines
23 Jul 09
it is safe. i am a member of mylot a year ago and i can say that paypal is safe. i didnt link a credit card with my paypal but instead i link a debit card and so far there is no problem about that. just make sure you log in on the real paypal site for there are a lot of sites that looks like paypal but is not the real paypal. take a look at my discussion http://www.mylot.com/w/discussions/2021188.aspx so you can learn more. welcome to the wonderful world of mylot larry, goodluck
1 person likes this
• Canada
23 Jul 09
thank you for the heads up, i'll be sure that i'm logging into the real paypal site.
1 person likes this
@apples99 (6556)
• United States
24 Jul 09
I have been using paypal for over a year, and so far I haven't had any bad experience's so I'm pretty sure its safe but the best way to get more answers to your questions is to go to the paypal website help section, or call paypal direct they have a phone number for members to call, lastly you can verify your paypal by adding your bank account info, you dont have to withdraw founds to verify your account, and its pretty safe to add your credit card a lot of members do.
1 person likes this
@dlr297 (5409)
• United States
23 Jul 09
I have been a member of papal for a few years now (about 5) and i have never had a problem with them. But what i did was open a separate bank account that i only use with papal. That way our household funds are not involved with it. so if anything does ever happen it will not involve a great deal of money because i withdraw most of it right away.
1 person likes this
• Canada
23 Jul 09
thanks for replay and that's a good tip, i may take that into consideration when i make my paypal account.
1 person likes this
@jules67 (2788)
• Philippines
24 Jul 09
Paypal is a safe payment processor. My friend works there as an account executive and she can vouch for that. I had my account verified and to ease your apprehension, they do not show their client's card identification. They give security to their clients.
1 person likes this
@grace118224 (1038)
• China
23 Jul 09
Thanks for raising such a topics . i read a lot of posting about this . Most people feel it to be safe . i don't have any experience with paypal yet.
1 person likes this
@agv0419 (3022)
• Philippines
23 Jul 09
I also worried on how can I transfer my earnings in paypal to my bank account. I don't have credit card I don't know if I'm going to encounter a problem in verifying my account because I only have atm not credit card. From what I have read here paypal is safe and I hope it is true because I can't think any other way on how can I get my money there.
1 person likes this
@lilaclady (28207)
• Australia
23 Jul 09
Personally I have never had any trouble with Paypal, I believe them to be safe...when you want to withdraw funds it is simple you just have to transfer the amount you want to withdraw to your bank account and that can take a few days depending on your bank...I transfer funds to my friend and he doesn't have a verified account....I believe Paypal is the best way to go for online transactions...
@myliezl0903 (2726)
• Philippines
24 Jul 09
yes, i have a verified paypal account and thats the one im using for mylot and homepages friends ., it is very safe. i haven't encountered any problems dealing with paypal ., it is very convinient to use.,
@blueunicorn (2401)
• United States
23 Jul 09
I own a business and run some of my payments through PayPal. I have both accepted money through them and paid out through them. I have never had a problem, and the program is very easy to use. I would say PayPal is one of the safest sites available, from what I can see.
1 person likes this
@ersmommy1 (12588)
• United States
23 Jul 09
I have never had a problem with paypal as far as funds are concerned. I have always gotten my money, and my bank account is protected. I have had my account for a while. I use it often instead of a credit card.
• United States
23 Jul 09
I have been using PayPal for over a year and I have not had any problems I am a verified merchant to me it is one of the best pay programs available on the Internet. But make sure you understand some of the programs that you joined on the Internet using PayPal will have a monthly withdrawal from your PayPal so watch what you join online
1 person likes this
• India
23 Jul 09
i knoe that paypal is safe and after that i donot know anything because i have not withdrawn any amount from paypal but still many online earning members are using it so i think it is safe ..
• United States
23 Jul 09
Paypal is very safe,I work from home and use it all the time. 1) Yes you do need to be verified to send money to people and transfer to your bank. 2)Yes they keep your information private. 3)You can withdraw using a check or send it to your bank account. Paypal also have a card you can get.
1 person likes this
• Denmark
23 Jul 09
I have a verified paypal account where I send and receive funds. It is really safe and a lot of my friends have used it succesfully. It is totally safe to give you're credit card or bank account info to paypal. They are very trustable.
1 person likes this
@hulaboy (319)
• Micronesia
23 Jul 09
Paypal is probably the safest online payment processor today. I signed up with paypal in 2001 and till today i've never had a problem. If there's a transaction in there that you didn't approve of, you can always notify paypal and they'll refund you. Its awesome....its probably the most ebuyer friendly payment processor. You don't have to worry if you buy a product such as an ebook or a membership online....cuz if they don't live up with what they claim their product do...you can always refund. Thats why alot of these scam sites don't use paypal...because paypal has buyer protection. You have to notify paypal thought within 30 days if a transaction is bogus or a product that you purchased is not good and you want a refund.
• United States
23 Jul 09
Paypal is an extremely safe. I use it since two years ago, and it works very good. When I want to buy or trade anything online, paypal is the best thing that I can trust.
• India
23 Jul 09
Oh sure paypal is the most safe and flexible website for online transactions. The only thing that you have to be careful about, is, making sure that your password is strong and not easy to be hacked. This is the only practical threat that I can think of. And also, never check the "remember me" box when you use a public computer. Now as to your queries, 1. No it is not compulsory that you need a verified account for making transactions with paypal. To get verified, you have to link your paypal a/c with your credit card, but this is not compulsory. But it is indispensable that you link your bank a/c with paypal for making transactions. 2. Yes it is safe to give your credit card or bank a/c details to paypal. After all it is with this info that you can make transactions online with paypal! 3.This Q is same as your 1st Q.And the answer too is the same! Regards Pranav