Keep Your PayPal Account Safe with a PayPal Security Key


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Paypal is one of the leading online payment processing programs, moving billions of dollars to different accounts every year. In the domain industry many people use paypal for smaller transition and people also pay for domain registration fees, hosting, and other services using Paypal. I personally sell items on ebay, and my ads are also paid by paypal so once in a while my account has a decent about of cash in it that I want to keep safe just like a normal bank account.

PayPal Security Key

PayPal Security Key

Paypal has a great product called the paypal security key that does just that. When you go to login to paypal you enter your password and then after it the 6 digit random code the key generates. This way if your password is stolen or hacked they can still not get into your account. The key generates a new code every 60 seconds and can also be used for ebay. Now you can also have codes sent to your cell phone. The key cost $5 one time fee.

3 Reasons to Use a Key From Paypal's website

  • It’s one of the most secure ways to log in to your PayPal account. The security key randomly generates security codes that are practically impossible to duplicate.
  • It’s easy to use. A fresh security code is just one button (or about 30 seconds) away.
  • It’s portable. Take extra security anywhere you go.

I really like my security key it keeps my money safe so I do not have to worry about my account being hacked. One issue that I have it that I do not always have my key with me.

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Comments

4 Responses to “Keep Your PayPal Account Safe with a PayPal Security Key”

  1. Dan Sanchez
    November 17th, 2009 @ 3:45 pm

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    This is nice, I guess the success with Name.com’s similar program is starting to gain recognition across other online industries.

    I’d like to see how else other companies can implement this new way of making sure only the original user accesses the account.

    Great post!

  2. Cole
    November 17th, 2009 @ 4:08 pm

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    I have the credit card size PayPal security key and love it. I now feel comfortable leaving a few hundred dollars in my PayPal account at times. I have yet to sign on with the Name.com implementation, but the great thing is that the same security key can be used there, as well.

  3. Chef Patrick
    November 17th, 2009 @ 5:57 pm

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    I’ve got mine!

    http://www.chefpatrick.com/paypal-scam/

  4. admin
    November 17th, 2009 @ 7:23 pm

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    @Cole I have the older one How thick is the new one?

    @Dan Thanks yea that would be nice, I wish my real bank did it!

    @Chef Thanks

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