PAYPAL is one of the best and most used ways of online
payments. But question is whether it’s secure or not?
We all have heard of PayPal. PayPal is an
online money transfer line to which we can link our credit card, bank a/c etc
and go for online payments, shopping and a lot of E-commerce after Paypal registration and having a Paypal Account.
PayPal works on utilizing
various online servers worldwide based upon LINUX operating system (Linux,
which itself is the most secured operating system) connecting to an offline
database having all the information of its clients. Each server has a unique task
to perform in synchronization with each other.
However these servers does
not share information with each other hence if anyone breaks into the system
one has to deal with heavily encrypted files one by one from each system. The
separation of servers makes it difficult for anyone to access them
simultaneously and hence it gets impossible to break in.
Whenever a deal is made
either buying or selling of any good; the buyer authorizes the transaction via
credit or debit card who has supplied PayPal with all its bank details.
The transaction is then
directly handled by PayPal which contacts seller’s bank, card association and
issuer paying necessary interchange fee.
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| Image Credit: theepochtimes.com |
The money is transferred
into a dedicated PayPal account. Finally after some time the money is
transferred into user account respectively. This happens on a complete
different server for security reasons.
so if you are thinking about
the security on Paypal, the answer is Yes,
So have opened a PayPal account yet? If not don't worry! Your money is in safe hands, what else you think about the security, any question suggestion of feedback, lets Discuss below.
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