PayPal has rolled out a new demo video to further promote the use of PayPal for online shopping and payment. After watching it, the DDA is rather impressed at how well PayPal is doing on the online shopping arena. Converting many online shoppers into PayPal users. The DDA imagines PayPal is running a very profitable business.
The video has even answered the DDA's question on data security. There is a section that says PayPal secures users' financial details and keeps it safe. It then goes on to say it is even safer than shopping individually on merchant's website where you have to enter your card details everytime you make payment. And... you only need to keep it in one place, you don't need to carry it with you everywhere.
True, it is much convenient to keep all things in one place. Suppose if you only restrict one channel of use of your card details, then the lesser the risk of financial fraud?
One moment... the next question then is how strong is PayPal's data security mechanism??? Mind you, the DDA is a PayPal user herself, but for this instance perhaps she is being somewhat critical. She'd like to know how PayPal secures all that data.