By Thilak ⋅ December 26, 2006

Disposable Virtual Debit Cards from PayPal

For those who are concerned about give out their credit or debit card number online, Paypal has began testing its new service called Virtual Debit Cards where customers need to download Virtual Debit Card application and use it to generate a virtual debit card every time you shop. PayPal has tied up with Mastercard, so that you could use these virtual debit cards wherever Mastercard is accepted.

Anti-phising or fraud protection system warns customers whenever they land on potentially fraudulent sites. Customers could shop fasted using the Form Fill feature which automatically completes shipping and billing details. Plus, the customers financial information will never be disclosed to anyone.

PayPal Virtual Debit card is still in it Beta, so wait for sometime for it to become available. Right now, you could just take the tour or read their FAQ.

[via Freakitude]

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Discussion

Comments for “Disposable Virtual Debit Cards from PayPal”

  • Hmm I think it`s just like Pre-Paid MAsterCards.
    Anyway I can't have a paypal account since my country is not supported :(
  • Jo
    I've a feeling Mastercard has been dishing out a lot of downmarket cards lately, it seems that they've worked out a way to safely profit from lower income groups without sacrificing their image.
  • Thilak:Does adding a debit card to a Paypal account costs?
  • I am a bit wary about using my Credit Card to authenticate my PayPal account. Reason? I have not to date used my Credit Card, and I would like to keep it that way as far as possible.

    There seems to be an option to use Debit Card to authenticate the PayPal, but my bank (ICICI India Ltd) seemed to have blocked the facility. And I have been a bit lazy to follow it up. So, I am not sure of it, Thilak.

    And coming back to topic, for the reasons stated above, I am not very sure, but it does seem promising. If I could get my Debit Card to validate my PayPal account, this would be a good feature for me to use.
  • I dont think so if they accept a debit card.But it depends may be sa they are same just with adifference of available cash workin.It might also depend on service provider
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