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No-Brainer
Senior Member
Cash: $ 66.65
Posts: 907
Joined: 29 Dec 2005
Location: Oregon USA
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| Problems getting a Credit Card? |
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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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Tue Apr 29, 2008 4:15 am |
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coaster
Senior Advisor
Cash: $ 1356.20
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Joined: 11 Oct 2005
Location: Wisconsin
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I wonder if this is legal? And if legal, what's the position of the CC companies? This might be great protection for the consumer, but there could be some sticky issues here. Starting with material misrepresentation if the online merchant doesn't know .... if he thinks he's getting a genuine card number from a genuine card issuer.
~Tim~
Eye Candy : Why Whimsy
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Tue Apr 29, 2008 4:27 am |
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No-Brainer
Senior Member
Cash: $ 66.65
Posts: 907
Joined: 29 Dec 2005
Location: Oregon USA
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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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Thu May 01, 2008 5:34 am |
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cbass1017
Contributing Member
Cash: $ 4.95
Posts: 37
Joined: 18 Jan 2008
Location: PA
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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...
Scott McKay
FreeOnlineCreditGuide.com
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Fri May 30, 2008 11:48 pm |
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efflandt
Senior Member
Cash: $ 80.45
Posts: 401
Joined: 25 Apr 2005
Location: Elgin, IL USA
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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.
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Sat May 31, 2008 10:13 am |
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aika
Contributing Member
Cash: $ 5.90
Posts: 28
Joined: 29 Feb 2008
Location: Las Vegas
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yea, some companies offers great security for their customers, some also have a fraud liability like for Advanta cards.
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Wed Jun 25, 2008 4:03 am |
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