How Safe is it to Use PayPal?

The Bottom Line is - PayPal is very safe!

PayPal uses 168 bit encryption.  What that means is that any information entered into PayPal is coded, just like the government or military would code a secret message. 

This code is given a key - which is around 21 letters or numbers long - that is used to 'scramble' all of the information sent online.  The only way to 'unscramble' this information is to know the code.

Can someone else figure out the code?  In theory this is possible, but in reality the codes are just too long for any of today's technology to do it.  A 168 bit key has about 3,740,000,000,000,000,000,000,000,000,000,000,000000,000,000,000,000,000,000,000 different combinations.  Even at today's computer speeds, where they can run 66 million operations per second, it would take 12 trillion-billion times longer than the age of the universe to do it.

PayPal is VeriSign Secured

verisign seal

PayPal's security and encryption is verified by VeriSign, confirming that they do actually encrypt and protect your information as above.  Click on the image to see PayPal's credentials. 

Is VeriSign Secured?

No - does not need to be VeriSign secured.  The reason is because you never enter any of your financial information on the site.  Everything is processed through PayPal, which is the only service that ever sees payment information.  Using PayPal, I can process payments and issue refunds easily and conveniently, with no need to ever have your credit card number.