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Why Is It Safe To Make Financial Transactions On PayPal?

Planning to use PayPal for online transactions? That’s a great choice since PayPal is a trusted platform for financial transactions.

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Make Financial Transactions On PayPal

“Yes, we keep all your payment details safe. When you send a payment using PayPal, the recipient doesn’t receive sensitive details such as your credit card or bank account number. This way, you don’t have to worry about paying people you don’t know using this platform.”- This is what PayPal has to say on its website for the clients.

I won’t disagree on this one because PayPal consists of more than 286 million active accounts in the second quarter of 2019. It represents a total of 17% year-on-year growth in the market. Thus, there must be something about PayPal that persuades people to trust this platform for online transactions. Yes, PayPal is safe for sellers and buyers only if they follow the right security protocols while making online transactions. Let’s see how.

How Is PayPal Safe For Users?

PayPal encompasses a service known as PayPal Purchase Protection, which assists any user if there is a problem. You can make use of this feature when the seller doesn’t deliver an item as promised by him/her or delivers the wrong product. In that case, PayPal will arrange for a full refund. This platform offers similar ‘backstop’ programs to secure individuals or businesses who sell products online through this platform. Now, let’s check out what PayPal does to safeguard your data and save your sensitive details from any fraud artists.

PayPal Safe For Users and Sellers

PayPal Safety For Buyers

PayPal is both secured as well as encrypted. Thus, it offers a safe user-experience to buyers. Check out the other factors that make PayPal safe for buyers.

Secure digital connection-

Buyers need to have a safe digital connection when they use PayPal for online transactions. This is one of the most key data protection features that prevent fraudsters from hacking your PayPal account information.

Secure data servers-

PayPal uses advanced data servers that keep a constant tab on your browser. The data servers alert the buyer if it finds that you are not using a recent and updated encryption technology. The servers also analyze and monitor the data stored on your computer server and let you know if the computer is not connected to the Internet.

Financial rewards-

The best thing about PayPal is that it offers financial rewards to cybersecurity experts and computer security officials if they identify any breaches or vulnerabilities in the data defence system of this platform. Buyers can make online transactions on PayPal safely since brilliant cybersecurity experts keep a strict watch on the defense system of PayPal.

All in all, buyers need not worry about much when they pay online through PayPal. The high-end data security tools and features of PayPal make sure your bank details are secured.

Cybersecurity Important For Enterprises

PayPal Safety For Sellers

PayPal has the same data protection features for the sellers as well. Thus, PayPal sellers have the liberty to enjoy a safe and secure transaction process. Speaking of PayPal sellers, they usually have to worry more about the transaction and dispute issue.

Buyers can dispute transactions based on multiple reasons and the sellers may not be able to prove their innocence most of the time. Say you have paid for tuition assignment help at a company on PayPal. But, you never received the assignment. In that case, you can ask for a refund and your seller won’t be able to disprove your claim.

Sellers can protect themselves from a fraud transaction and dispute policy only if they can prove their innocence. You can prove the buyer’s claim wrong if you ship the goods to verified and credible destinations. You also need to show proof of the delivery message usually sent by the delivery systems.

It is usually suggested that PayPal sellers must get a signature from the buyer after the item has been delivered. The signature could be proof that your product was received by the right person and was in good condition.

PayPal Safety Greater Than Bank and Credit Cards

PayPal users consider the use of this platform to be safer than using a bank account or a check to make the transactions. Don’t be so surprised. Here are the reasons that make PayPal relatively safer than banks, checks and credit cards.

Storage– The financial data of every PayPal user is usually stored in an online vault. It is not easy for hackers and con artists to break the virtual vault and launder your money. The same can’t be guaranteed in case of credit cards or bank accounts.

Compromise– It takes only a few minutes for hackers to compromise with the paper checks. Once they get a hold of the client’s bank account number, it is easier for them to crack into his/her account and cause severe financial loss. The “vault” on PayPal is encrypted with an advanced data defense algorithm.

Payback protection– Buyers can ask for the payback protection on PayPal if they do not get the products they have ordered. You can ask for protection if you are dissatisfied with the products or services received. You can’t do that at banks, can you?

Cybersecurity

PayPal offers an advanced level of data security to its users. But, buyers should also update their software on all their digital devices to keep the data hackers away from your sensitive details. It is also better if you could use this platform with your cellular internet connection and not any public WiFi.

Data Safety Measures Taken by PayPal

PayPal uses three key security measures to make sure your data is secure and safe. Still asking yourself if this platform is safe or not? Then check out these fantastic data safety features offered by PayPal to its users.

Email confirmation

You will get an email every time you issue or receive a payment on PayPal. Thus, you can always contact PayPal if you receive an mail about a transaction that wasn’t made by you. It prevents hackers from ‘hotwiring’ your account.

PayPal security keys

Every time you switch on this app, it asks you to enter a code that will be sent to your smartphone. You will get the code on your registered smartphone number. Therefore, it’s only you who can get access to your PayPal account unless your phone gets stolen.

Data encryption

All digital transactions are online-exclusive. This brings forth different safeguards such as TLS protocols, GDP and key pinning. As soon as you log in, the platform will detect if your connection is TLS 1.0 or higher. The platform will also check if your browser is capable of handling HTTPS connections.

Apart from these features, PayPal also uses an extra security layer known as Key Pinning. This makes sure your browser is interacting with a legit PayPal server. Key Pinning prevents hackers from intercepting data in transit and redirecting you to a cloned website. All in all, PayPal consists of a slew of security measures that makes transactions safe for both the buyers as well as sellers.

Helpful Resources:

1. Why is Cybersecurity Important For Enterprises?

2. 5 Website Security Tips Every Employee Should Know

3. Get VPS Hosting For Your Websites For Better Results

4. Top Ten Blockchain Applications That Are Transforming Industries

5. 6 of the Best Wireless Security Cameras You Can Get in [2019]

6. How to Protect WebSites Against Attackers or Hackers by using “X-Security Headers”

Henry Howkins is a Data Analyst who has received his M.S from the University of New South Wales, he is a part-time assignment help provider at Assignmenthelp.com.sg. He is also an independent tech review writer for various tech magazines. Henry loves to bake cakes and cookies in his free time.

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Business

Six Ways You Can Start an Online Counseling Business

Counseling is an essential service, especially during a pandemic. Here are ways for you to start an online counseling business.

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Create a Captivating Brand Identity

counseling is one of the most critical aspects of mental health. It can provide individuals with the tools to cope with their mental health issues. counseling can help people understand and manage their emotions, set boundaries, communicate effectively, and develop healthy coping mechanisms. Additionally, counseling can provide support and guidance during difficult times.

If you or someone you know is struggling with mental health issues, don’t hesitate to seek counseling services. counseling can make a world of difference in managing mental health issues; however, good for you if you want to start a career in online counseling! It’s a great career choice.

It would help if you did a few things to start an online counseling business. Here are seven steps you can take to get started:

1. Research the field of online counseling

Before you start your business, it’s essential to research the field of online counseling. This will give you a better understanding of the industry and what it takes to succeed. Additionally, research can help you identify potential opportunities and challenges in starting an online counseling business.

There are many resources online you can check out. The Association for Counselor Education and Supervision (ACES) is a great place to start. ACES provides resources and information for counselors, educators, and supervisors. Also, the American Psychological Association has a helpful website with resources for mental health professionals.

There are also many books you can invest in if you want to know the basics of counseling. Make sure to invest in them.

2. Get certified as a counselor.

To start an online counseling business, you need to be certified as a counselor. This will ensure that you have the necessary credentials to provide counseling services. There are many ways to become certified as a counselor. The American Counseling Association (ACA) offers certification in several areas, including Licensed Professional Counselor (LPC), National Certified Counselor (NCC), and Registered Mental Health Counselor Intern (RMHCI).

Another way to become certified is through the National Board for Certified Counselors (NBCC). The NBCC offers the Master Addictions Counselor (MAC) credential. To be eligible for this credential, you must have a master’s degree in counseling from an accredited institution and pass the National Counselor Exam for Addictions Counselors (NCEAC).

To become a certified counselor, you must meet specific requirements. These requirements vary depending on the credentialing organization. However, most organizations require you to have a master’s degree in counseling, complete an internship, and pass a national exam.

Learning about mental health

3. Choose your specialty area.

After you’ve done your research and decided to enter the field of online counseling, it’s time to choose your specialty area. Consider your interests, experiences, strengths, and weaknesses when choosing a specialty area. It’s essential to select a place that you’re passionate about to provide quality services to your clients.

Some of the most popular specialty areas include marriage and family counseling, substance abuse counseling, mental health counseling, and trauma counseling.

Once you’ve chosen your specialty area, you can build your knowledge base by taking courses, reading books, and attending conferences.

4. Build your website

Your website is one of the most critical aspects of your online counseling business. Therefore, it’s essential to ensure that your website is professional and informative. Your website should include information about your services, rates, contact information, and a blog.

Additionally, your website should be easy to navigate and user-friendly. Prospective clients should be able to find what they’re looking for easily. They’re likely to leave your site and look elsewhere if they can’t.

5. Do Content Marketing

Content marketing is a great way to attract new clients to your online counseling business. Content marketing is creating and sharing content (such as blog posts, infographics, videos, etc.) relevant to your target audience. Content marketing aims to attract potential clients to your website and convert them into paying customers.

You can also try hiring an SEO expert to help you out. Certain companies, such as SEO services, can help you out. These experts know how to increase visits to your website and increase the number of clients you have in no time.

6. Use social media

Social media is a great way to promote your online counseling business. It allows you to reach a large audience with minimal effort. When using social media, it’s essential to be professional and consistent. Post interesting and informative content that will engage your followers.

Additionally, make sure to post regularly and interact with your followers. They’re likely to lose interest and stop following you if you don’t. Some of the most popular social media platforms for counselors include Twitter, Facebook, LinkedIn, and Instagram.

Starting an online counseling business can be a great way to help people during a pandemic. There are several ways to become certified as a counselor, and it’s essential to choose an area that you’re passionate about. You should also build your website and do content marketing to attract new clients. Additionally, use social media to promote your business. These are just a few things you can do to start your own online counseling business.

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