01-05-2014 07:14 AM
Hello All -
1. I have always thought it safer to shop through PayPal instead of using my CCs directly online, especially for the first time I use a site. Is it safer - or is it fine to just use my card directly?
2. I have 1 or 2 CCs linked to my PayPal account - and was considering closing my Smart Connect account and linking a few other cards, so they can get more usage. Is it a good idea to have so many CCs linked to my PayPal account - especially with the possibility of security breaches?
3. Do you know if I purchase something through one of the online shopping portals at Discover or Barclay - etc. - but use those cards by way of PayPal, will I still get the extra cashback / miles?
01-06-2014 05:34 AM - edited 01-06-2014 05:34 AM
1) If it's a small site that you aren't sure if you can trust, then yes, I think it's safer to pay through Paypal. That way the site never sees your card info. That info is only exposed to Paypal, who you can reasonably assume do a good job of securing it.
2) Although I wouldn't be very worried about Paypal compromising your stored info, in principle I think it's probably safest if the info isn't saved into an account. When I make purchases through Paypal, I pay as a guest and enter the card info at the time of the purchase. My reason for doing that isn't so much for security, but still, just as a security concern it still might be the safest way to do it.
Big caveat though - you do have to be careful each time you type your card info that it's truly Paypal, and not a spoofed imitation. In that regard, it could be argued that having the info saved in a Paypal account could be better.
I do have a Paypal account but I only use it to receive money, I don't log in to it to make purchases. I've linked one card to my account because it was mandatory, but that only serves as a required "backup" funding source and never really gets used.
3) I don't know much about the portals.
01-06-2014 05:46 AM - edited 01-06-2014 05:51 AM
I have always thought it safer to shop through PayPal instead of using my CCs directly online, especially for the first time I use a site. Is it safer - or is it fine to just use my card directly?
Both as the two aren't mutually exclusive. Paypal has its own buyer protections but it's perfectly fine to use your credit card directly as well. Your cards have their own protections. It's really your call to make. For sites that look fishy I'll use Paypal since it doesn't directly expose my card info and I can use Paypal's protection. There have been a couple of instances where I have had to rely on Paypal but, then again, fraud protection on my credit cards has saved me several times in the past as well.
I have 1 or 2 CCs linked to my PayPal account - and was considering closing my Smart Connect account and linking a few other cards, so they can get more usage. Is it a good idea to have so many CCs linked to my PayPal account - especially with the possibility of security breaches?
Again, your call. You have to balance whether the convenience of having multiple cards is worth the potential risk.
Do you know if I purchase something through one of the online shopping portals at Discover or Barclay - etc. - but use those cards by way of PayPal, will I still get the extra cashback / miles?
Generally no but you need to refer to the terms of the specific portal you're using. They don't all have identical terms.
01-06-2014 08:27 AM
01-06-2014 08:29 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.