Originally posted by TheBear
I can understand your reluctance to giving them your account number. But I would like to point out that Paypal is one of the safest ways to send money. The merchant never see's any of your personal info. ( account numbers, credit card numbers. etc..)
Also, paypal will not charge your bank account unless you choose that method as payment.There is always a way to hack an account. Why add to the target?
I doubt if PayPal can provide encryption security enablers better than any of the following:
http://redtape.msnbc.msn.com/_news/2012/03/30/10940640-global-payments-under-15-million-account-numbers-hacked?liteGlobal Payments: Under 1.5 million account numbers hacked
Global Payments Inc. hinted on Sunday night that about 1.5 million consumers were impacted by the massive credit card hack that first came to light on Friday -- fewer than the 10 million that was initially reported.
Payment processors -- "middle men" that handle transactions between retailers and banks -- have long been a target of identity thieves because of the enormous amounts of data they control. In 2008, Princeton, N.J.,-based Heartland Systems was hacked, exposing tens of millions of credit card account numbers to theft.
http://www.reuters.com/article/2011/06/16/us-citigroup-hacking-idUSTRE75F17620110616Citi says 360,000 accounts hacked in May cyber attack
(Reuters) - Citigroup Inc said a cyber attack in May affected almost twice as many accounts as the bank's figures had initially suggested, as major U.S. lenders come under growing pressure from lawmakers to improve account security.
A total of 360,083 North American Citigroup credit card accounts were affected by the breach, the third-largest U.S. bank by assets said in a statement released late on Wednesday.
Of those affected, some 217,657 customers were reissued with new cards along with a notification letter, while the remaining accounts were either inactive or had already received new cards earlier, the bank added