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PayPal Launches Virtual Debit Card

Posted by ryuzaki0 on from the good-idea-bad-testbed dept.

IpSo_ writes "You can now use PayPal via a Virtual Debit Card when making online purchases anywhere MasterCard is accepted. Basically it generates a virtual card number each time you make a transaction online so you don't have to use your personal debit or credit card number. Will people be more comfortable making online purchases with this, or will it flop because its too much of an inconvenience?"

2 of 212 comments (clear)

  1. Re:Citibank has had this for years by prof_peabody · · Score: 4, Interesting

    I don't trust paypal one bit and would be more inclined to get a citibank account to do this. Every person I know who has had a bad transaction has had their account frozen... Terrible customer support also.

  2. Re:Discover have been generating numbers for years by garcia · · Score: 4, Interesting

    why is the rest of the world not keeping up?

    Because I have very little use for one of these? My credit card already protects me from fraudulent charges and I'm not worried in the least if someone uses it two states away for gas. If Chase makes me call them when I'm going outside of my "home area" so they don't shut me off, then I'm not concerned if someone steals the card number after I make a purchase online at Newegg.

    If someone uses the card locally, big deal. I call Chase and tell them that the card was stolen and the charge wasn't mine. Not many questions asked.

    For *most* people, they just aren't paranoid enough to use a one time number for their purchases.