PayPal to offer Virtual Credit Card for non-PayPal Payments

PayPal LogoPayPal is rolling out a new virtual credit card payment service called "PayPal Secure Card" on Tuesday. This new feature will enable customers to make payments on sites which don’t accept PayPal. They have partnered with MasterCard to generate one-use MasterCard number that can be utilized to make the payment.

PayPal will provide a browser plugin along with PayPal Secure Card, which will recognize an e-commerce checkout page and automatically fill-up all your credentials to make the payment faster and easier. Windows users using Internet Explorer or Firefox will be able to take full advantage of the service, whereas Mac users running Safari will only have partial access, according to Reuters.

For merchants, the transaction will appear as an ordinary credit card transaction, but for users the funds will be deducted from their PayPal balance. It is not clear whether PayPal plans on charging any fee for this service.

This move seems to be a response to Google’s Checkout, which stores user’s financial information for making online payments more secure. PayPal Secure Card will be available to all US users of PayPal on Tuesday (tomorrow), and soon they’ll open it up for international users. Last year, PayPal did a beta test of Secure Card in which over 3 million PayPal users participated.

This service will be very beneficial for users who don’t have a credit card and totally rely on PayPal for online payments. For those who already have credit card, this service removes the hassle of giving your actually credit card details online.

[Via: TechCrunch]

This post was published by on November 19, 2007

About the Author: Thilak Rao works as a Social Media Expert. He is one of the first professional bloggers from India, and he loves to write, travel and click photos. Follow him on Twitter @thilak

  • http://offersgalore.blogspot.com Shiva

    I am hearing it first here and this would be a great option for those who are still skeptical about using their credit card online, since this is an one-time card, it is safe and expires after that.

  • http://marcvz.net/blog Marc

    I’ve been waiting for them to completely roll out this service for months now. I guess it’ll be a year atleast before we can expect to see this for users in India. Damn, the U.S. gets all the fun stuff.

  • http://www.selbourne.com Selbourne Designing

    All of a sudden PayPal is doing a lot to impress and build their user base. Thumbs up to Paypal

  • http://www.techlivez.com Shashank

    thats a good news for all ..its a similar kind like hdfc netsafe

  • http://www.free2earn.bravehost.com Abdul Razzaq

    Thats Great news yaar.

  • http://techroach.com/ Tech Roach

    Yay. I dont have a credit card !!