Friday, December 29, 2006

True Digital Money - PayPal's Virtual Debit Card

PayPal launched Virtual Debit Card Beta. One can use this Virtual Debit Card for online purchases without fear of loosing the personal financial information. It helps in filling in the details about shipping address in checkout forms and protects from fake eBay and PayPal sites.

You can use PayPal virtual debit card on any site where MasterCard is accepted. Each time you make a transaction PayPal generates a virtual card number for it, and you don't need to use your Credit or Debit card for the purpose.

You can set backup funding source for the situation where you don't have any money left in your PayPal account. And of course you can set daily spending limits on your PayPal virtual debit cards.

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