Is It Better to Use Paypal or a Credit Card for Online Purchases?
Handing over payment information online can sometimes be risky with concerns around cyber security and theft of private details or money. With more transactions being made online every year, the question often lingers: what’s the best way to pay?
The convenience of shopping online is appealing to many avid shoppers, whether it’s for clothes or a grocery order – nothing beats having everything delivered straight to your door. But do you always consider the security risks of entering your payment details on the web?
It was revealed earlier this year there has been a considerable increase in online credit card fraud, with purchases made using stolen cards rising to $417.6 million in 2016. PayPal, on the other hand, said they are “safer than most credit cards” thanks to powerful fraud and consumer protections in place; But being such a world-renowned online payment system also means it could be a big target for potential hackers and phishers.
Credit cards and PayPal are certainly some of the most popular options for payment when online shopping, but which is better? Here are some of the pros and cons of using either a credit card or your PayPal account to make online payments – we’ll let you decide which is right for you.