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Problems getting a Credit Card?

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Money Talk > Credit & Loans

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No-Brainer
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Problems getting a Credit Card?  Reply with quote  

I had a friend point this out to me after I posted a question in another forum. Were you aware that PayPal has a system that comes with their toolbar that allows you to generate a credit card number along with the cvc some sites ask for?

You establish a limit and expiration for each instance and it looks like a normal Mastercard to any merchant.

What a great way to protect yourself from getting scammed online. It won't work for situations where you have to present a card for payment, but for online I can see where it solves a bunch of problems.

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Post Tue Apr 29, 2008 4:15 am
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No-Brainer
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I would suspect the reaction from card companies is going to be if you can't beat them, join them. Bank of America already has and offers SafePay for online banking customers. I just signed up.

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Post Thu May 01, 2008 5:34 am
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cbass1017
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That sounds like a pretty good system. I definately trust Paypal and they are so big that I would think if it were illegal they wouldn't offer it. I'm always cautious about using credit cards online and that definately seems like a good way around it. Thanks for the tip...
Post Fri May 30, 2008 11:48 pm
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efflandt
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Since Paypal links to credit card(s) and/or bank account, it is really no different than a checking account debit card that from the merchant end can be used as a credit card.

Many credit card companies offer one time use credit card numbers for your account for security.
Post Sat May 31, 2008 10:13 am
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yoonoo
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if it is true.. that's good new! thanks for the info.
Post Wed Jun 25, 2008 2:11 am
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aika
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yea, some companies offers great security for their customers, some also have a fraud liability like for Advanta cards.
Post Wed Jun 25, 2008 4:03 am
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multimastery
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Sounds like a great added service from PayPal. We'll see if it sticks!
Post Fri Jan 16, 2009 11:17 pm
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