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Use PayPal and you're CC is SAFE!!!I want to know how safe is my credit card information if I start buying goods and services online?
This is absolutelu safe. Open a PayPal account and referred your credit card. PayPal has a safety verification facility either the seller is genuine or not. Besides PayPal is providing or following up a refund from the dubious seller.I recommend buying online with your credit card via PayPal.com. You can send money to anyone having an PayPal account which is by the way free to register. You can pay and get paid easy, secure and faster.
There's a few ways. You can use paypal as a conduit between your actual credit card and your paypal account, but if paypal decides to let charges remain when they shouldn't, then they can create a hassle for you with that sometimes. One other way to protect your credit card in addition to paypal is to use a virtual credit card number. A lot of credit card companies (citi bank and Discover are two of them that I'm aware of) give you the option to use virtual credit card numbers for transactions. The person you are buying from never has your real credit card number.
This does one of two things:
1) Protects your information from being used online or with cloned cards.
2) Makes it possible for a vendor to do refunds and chargebacks without having access to the original card in case of #1.
I've had issues with my Paypal business account in the past to where they (depending on the transaction and type) wanted a lot of information or wanted to delay the refund in the event that the party selling me a product or service was not legitimate. Usually with virtual credit cards, it is MUCH faster and there is 0 liability and hassles. Paypal is supposed to be that way, but it varies and they take their time doing stuff like that in my experience with it.
That's right, then you could in trouble. I mean if PayPal asks for a refund and there is no fund in your PayPal account. Then they debit it through your credit or debits cards. But I doubt if they will ever do that without your consent or approval. That possibility is quite limited I guess, even though I don't have any such experience with PayPal.
I read somewhere that if you got a negative balance in PayPal they can even employ collection agents to get the money from you. But is that possible in areas where they have no branches or business centers?
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