How to safeguard your PayPal account
The security of your PayPal account is of paramount importance. You should, therefore, keep it secure at all times. Since it’s a platform through which you receive and make payments, you should treat it just like a bank account. In fact, if you verified your PayPal account by linking it to your bank-issued debit card, then it can act as a gateway through which money can move from your bank account. What does this mean? It means that if anyone gained access to your PayPal account, then he/she can use it to make online payments directly from your bank account. As a matter of fact, your PayPal account doesn’t need to have any money for you to use to make online payments. Whenever your PayPal balance is insufficient, funds are deducted directly from your card, or in other words, the bank account linked to that card.
Here are a few tips that will help you.
- Use a strong and secure password-one that is very hard to guess. This is straightforward. Mix letters (upper and lower case), numbers, and special characters. The stronger your password is, the more secure your account will be.
- Email address. Your PayPal email address is equivalent to your account number. You need to secure it with a strong password. Enable 2-step verification for added security.
- Phishing/spam email. All official emails from PayPal address you by your first and last name and bear the PayPal domain. Avoid opening other suspicious emails, most of which address you as “Dear PayPal member.” Don’t click on any links in those emails as they’ll redirect you to sites that look like PayPal and steal your login details as you attempt to log in. most of these emails tell you that your PayPal account has a problem or that someone (who you don’t know) has sent you money.
- Suspicious payments. Avoid receiving payments from strangers on behalf of friends or other strangers. PayPal accounts are free to open. Anyone who wants to borrow and use your PayPal account, or even buy it, is up to no good. Such people may commit fraud using your identity…and all that trail would lead to you.
- Avoid logging into your PayPal account from multiple devices or over a public Wi-Fi. As a rule, limit the devices you use to two. As much as possible, don’t use a cyber café. This may lead to your account getting limited or being unable to make payments.
- Confirm your identity promptly. After using PayPal for some time, they will request you to confirm your identity. They will request you to upload a copy of your national ID/Passport, a utility bill (such as a KPLC bill) that shows your physical address, a bank/card statement, certificate of business registration etc. You will be given one month to do this. Do it within that time, otherwise, your account will get limited.
Your feedback and more tips will be appreciated