PayPal Launches Virtual Debit Card

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?"

Comments

Discover have been generating numbers for years...

[mdaitc]

Discover Card have been generating numbers for years...

there's the stanadlone App, or the web-based version - the numbers are one-time use, and can be used anywhere - on or off the net.

why is the rest of the world not keeping up?

This is a GREAT idea.

[Twixter]

A lot of people will use it for two reasons:

2.) Online Buying Clarity: You'll be able to view all charges you make on the internet individually and not have it mixed in with your regular credit card bill.

1.) Privacy: You can use a Credit Card online with it it showing up on your Credit Card Bill. It will be BIG in the online porn world.

Re:This is a GREAT idea.

[frostyboy]

Well, it'll still show up on some bill (whatever account you have your paypal linked to), just as a "paypal" transaction and not as a "ccbill" or "paycom" or whatever porn-site cc processor the site uses. If you want real privacy, you would have to go to the mall and buy one of those visa gift-cards with cash. Totally untraceable and you can "assign" any address/name info to them for online merchant use. (Note: Of course I've never actually done this, but hear about it all the time from others.)