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- Mabu, on 10/12/2007, -6/+46Debit cards are DANGEROUS.
You ever wonder why Paypal tries to push you into using electronic debit instead of credit cards for payment? Because it helps you and not them, and they don't like it.
Credit cards are more secure. People need to understand this. The Fair Credit Billing Act protects consumers in credit card transactions, but does not offer the same protections for debit card users. If you're the victim of fraud, if it's with a credit card, the bank will rule in your favor and put the burden of proof on the merchant to prove the transaction is legitimate. With debit cards, it's the opposite. You lose your money until you prove the transaction was fraudulent. Some banks may offer additional protections for their debit cards, BUT the federal government doesn't cover these protections. Just say NO to debit cards if you can use a charge card instead (and pay the balance off immediately). - nailPuppy, on 10/12/2007, -3/+37"You'll have a lot less headache worrying about credit card theft and security."
Then you realize that you are working with paypal, and the headaches begin again. - inactive, on 10/12/2007, -4/+38Its time for Good Idea Bad Idea:
Good idea: Using a virtual credit card to protect against identity theft online
Bad idea: with paypal - Hazardc, on 10/12/2007, -3/+24I'd be more afraid of paypal ripping me off than any random credit card scammer. Probably because they already have in the past
***** paypal - meatmcguffin, on 10/12/2007, -4/+23Damn kids. My first MP3 player ran on punchcards.
In fact, at that time it could only play MP0.2 - RockMyMonkey, on 10/12/2007, -2/+19Ok, I am lost. I thought they had offered this for years.
- whirlwind12, on 10/12/2007, -2/+17I don't trust paypal...
- Mabu, on 10/12/2007, -3/+10Credit cards are protected against fraud by the Federal Government. Debit cards are not.
Paypal has an interest in snow-jobbing the public into abandoning credit cards and going with a less secure payment method that switches the liability to the consumer in cases of fraud. - AriaStar, on 10/12/2007, -1/+8I've had to sue Paypal a few times for freezing my account. Once they asked for ID to be faxed in. So I did. And they wanted more and more. After I'd sent in everything down to my social security card, birth certificate, and even my business and wholesale licenses, they STILL wouldn't unlock it. So off to court we went. I no longer leave money in a Paypal account and cringe at the thought of anything else developed to make people even more dependent on Paypal. I hate that, if I don't accept it, I have a hard time selling. And I've been with them since the days of x.com and they were better back then.
- loggia, on 10/12/2007, -0/+6"I don't know what you were doing, but obviously something to throw up red flags and/or just piss them off"
Many, many, many people have their accounts frozen by PayPal for doing nothing wrong in the slightest. Man, I've heard that refrain for years. And then later you hear "I always thought the people complaining must have done something... and now my account is frozen!" - Amusing, on 10/12/2007, -0/+5It's paypal...you couldn't pay me to touch it pal...
- mr.hostility, on 10/12/2007, -1/+6"meaning you'll have alot less headache worrying about credit card theft and security."
Instead I can worry about Paypal stealing my money. No thanks. - fanclerks, on 10/12/2007, -0/+4It's called a phishing attempt... report it.
- HoosbinPharteen, on 10/12/2007, -1/+5I second that statement.
- moudig, on 10/12/2007, -0/+4I have per-transaction credit card numbers since I don't remember. From Citi Bank.
Without any paypal ***** - pipdip, on 10/12/2007, -0/+4The title is misleading but this is new.
PayPal has had "Virtual Debit Card" for years. But the number was always the same. This appears to be a one-time use number. - loggia, on 10/12/2007, -0/+4Paypal announces FREE 'Virtual Payment System' - throw away your money
Congratulations on being part of the large group of PayPal members who have had their accounts frozen and have had to deal with PayPal "customer service." We look forward to trying not to be fined again by either state or federal regulators. Email us at deleted@paypal.com - your comments will not help us improve PayPal in the slightest. - Robstah, on 10/12/2007, -2/+5Am I the only one with good experiences with Paypal?
- thatrez, on 10/12/2007, -2/+5it would be so much better if it was from any company but Paypal
forgive me for posting a external link but its necessary
www.paypalsucks.com - roundntubby, on 10/12/2007, -2/+5I can't wait until google destroys paypal.
- misxn, on 10/12/2007, -2/+5They have because I've been using it since forever.
- NoseDive, on 10/12/2007, -1/+4@ Mabu
There is nothing wrong with debit cards just get the right one
quoted from the visa website:
"Visa’s Zero Liability policy took effect April 4, 2000, and is a great improvement on the previous policy. The former policy required that you report fraudulent activity within two business days of discovery. After this two-day period, you could be held responsible for up to $50 of the unauthorized charges. With the new Zero Liability policy, you’re no longer required to report fraudulent activity within two days and you’re not responsible for any fraudulent transactions made over the Visa network.
The Zero Liability policy covers all Visa credit and debit card transactions processed over the Visa network—online or off. The only transactions not covered under the Zero Liability policy are commercial card, ATM, and non-Visa-branded PIN transactions." - s1rk3ls, on 10/12/2007, -0/+2Yes, they have had a virtual debit card option for a long time including a small web page popup containing your temporary number, etc. This is an actual application installed in windows containing a toolbar-like app which, when signed in to PayPal gives you a virtual debit card number to use. It references being available from your browsers toolbar and systray.
"When you are ready to make a purchase on a website that accepts MasterCard, a notifier appears asking if you'd like to pay with PayPal Virtual Debit Card. You can click on the notifier to use PayPal Virtual Debit Card, and you can also always access PayPal Virtual Debit Card from the icons located on your browser's toolbar and system task tray." - mercurysquad, on 10/12/2007, -1/+3Ok this is all great and everything, but WHY the ***** does an online service like this need an application to be installed on a computer? Picture VISA requiring you to install drivers from a CD to shop online using your credit card, that's how stupid this sounds to me. "Download the debit card". And if they are going to require installation of a software anyhow, why is this only supported on the Windows platform? What about Mac users, or Linux users? Guess they should make Paypal.com IE-only as well?
- TyroPyro, on 10/12/2007, -0/+2That description was written like a giant ad.
- shasty55, on 10/12/2007, -0/+2yeah, its been around for years, go here if you would like to use it: https://www.paypal.com/us/cgi-bin/webscr?cmd=p/shop/vdebit
- krunk4ever, on 10/12/2007, -0/+2Discover and Citibank credit cards have had virtual credit card generation for quite some time already.
Also do note, "virtual debit card" does not mean "throwaway online credit cards" as they are quite different. virtual credit cards can be called throw away credit cards, but by being "debit", a lot of rules apply (as many people have already explained).
There's nothing new here unless you really prefer to use your debit card for online transactions instead of credit card. - scootinger, on 10/12/2007, -1/+3Hmmm, I'm not sure.... I know they offered a virtual debit card service which would never give an expiration date, meaning it wouldn't work at the majority of places. And I think it had the same number every time. Then they had the Paypal debit card which is an actual debit card.
- inactive, on 10/12/2007, -0/+2Similar rules to those described by Mabu apply in the UK: Basically you are better protected using a credit card. I think it would be a mistake to use a debit card online unless PayPay are offering additional protection.
- keikun, on 10/12/2007, -0/+2yea paypal used to offer this virtual credit (or debit I don't remember) before. i used it a couple of times and it was pretty useful to tap into my paypal funds at stores that don't accept paypal. i guess they're bringing it back now except in a more secure form.
- MorningCoder, on 10/12/2007, -0/+2Just don't use it if you plan to do in-store-pickup when buying from CircuitCity.com. They will ask for your credit card with the number you used for the purchase. I used my Discover card's one-time-use number to order something from CircutyCity.com and chose in-store-pickup to save on shipping. When I went to the store to pickup, the cashier ask for my credit card. I gave her my card. She said the number didn't match. I told her it was a one-time-use number. She said "what time what number?"
- twix459, on 01/01/2009, -0/+1Paypal is great, just make sure to steer clear of a Paypal wannabe called Xoom.
Xoom is one the worst money tranfer companies. If you want to read some real horror stories check this out.
http://www.fmqinc.com/xoom-money-transfer-complain ... - betacmag4u, on 10/12/2007, -4/+5what could you put on the 16meg iRiver ? 4 songs?
- itsxtian, on 10/12/2007, -0/+1For any online transaction, if you must use a credit card, use one with a small credit limit. It's going to be much less of a headache battling $500 of fraud than $5000 of it...
from an article in the Los Angeles Times today - HappyTux, on 10/12/2007, -0/+1I was thinking the same thing myself, they talk security then require you to use windows WTF.
- onestep, on 10/12/2007, -0/+1thank you for setting Mabu straight. I hate people that spout off when they only go on what they hear, and not factual information. I was headed over to visa to quote this, and then I saw your post.
- johngault, on 10/12/2007, -0/+1If its from paypal , its gotta hurt the consumer.
- prthealien, on 10/12/2007, -1/+2I'm also confused. I remember using PayPal's virtual debit card years ago.
- krinn, on 10/12/2007, -0/+1If there is a merchant you don't trust (or is giving you a hard time about the billing/shipping address) just go to any simon mall and buy their visa gift card. It's only $2, and you tell them what amount of money you want to put on the card, so if you're buying something that costs $29, then you only put $29 on the card (or maybe a few dollars more to cover tax/shipping). Then if someone tries to rip you off and charge $1000, they can't do it, all they can charge is $29 (or whatever amount you put).
- wierdaaron, on 10/12/2007, -1/+2Yeah, they have had that feature for at least 6 years. I believe I used that to buy my first MP3 player, an iRiver. 16 Megs, woo.
- loneraven, on 10/12/2007, -0/+1They had the virtual debit card for a long time, and they recently got rid of it... well at least, I couldn't find it anymore.
Doesn't bother me really, I have the paypal debit card (which I hardly use). - Steve95613, on 10/12/2007, -0/+1From what I understand, Paypal has had a service thats lets you shop at select online stores and pay using funds in your Paypal account.
This new service is different. You transfer an amount like you would before, except the money is attached to a unique "debit card", that is used onetime, to make the transfer.
So now, you can buy anything with a Paypal account, not just merchants that acccept Paypal. - bjd773, on 10/12/2007, -3/+4PayPal is the devil.
- inactive, on 10/12/2007, -0/+1If you get a good bank account and just take general precautions then you'll be fine. I use my Visa Debit card all the time online, but only at reputable sites.
- wierdaaron, on 10/12/2007, -0/+1Wait, now that I think of it, it was the Diamond Rio. That first one with a suspiciously ipod-like control wheel (about 4 years before the iPod). iRiver came much, much later.
16MB held about 10 songs for me, since most songs back then were encoded at about 2kbps. - macross9321, on 10/12/2007, -0/+1I'd tried the Paypal Virtual Card before and it was useless - they did not give you the CC number witch alot of web site ask for
- AnarchyOnline, on 10/12/2007, -0/+1This won't protect the seller from the Chargeback scam plague
The seller accepting the fund from a virtual debit card is still subject to frauds and chargebacks. - zbeast, on 10/12/2007, -0/+1Iv'e had my paypal account for years. I have a business account account and still have not verified
a single bank account with them and they still have net to give me any trouble.
but thats nether here or there. As for credit cards. Ya as long as you can find a good credit card.
for a reputable company. There worth using for online transactions don't trust credit cards tho.
The seem to try to continuously try to get you to blow extra money with them. They send over payments
back to me rather than putting them on my account. They don't accept electronic or automatic payments.
and they sure don't seem to like you paying them more than once a month. - relinquish, on 10/12/2007, -1/+1Anyone with a USA paypal account can hit https://dl.paypal.com/us/cgi-bin/webscr?cmd=_vdcclient-download
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