PayPal is one of the main alternative payment methods which has been invented to deal with the heightened quantity of online payments and hence, the heightened risk of fraud. As the interest has continued to grow to become the primary method of funds transfer, it has been increasingly targeted by fraudsters. Initially, people had to use their bank cards to transfer money, which created a problem as there had to be a direct connection between the payer and the bank, which provided opportunity for fraudsters intercepting the transaction.
PayPal acts as an intermediary between the payer and the bank, meaning that there is no direct connection between the two. PayPal significantly reduces the risk of theft, which is a major benefit for both you and the site you are transferring to. One of the main advantages of PayPal is that you receive email alerts whenever a transaction takes money out of your account. This means that you can identify any fraudulent activity as it happens, meaning you can take the appropriate steps to prevent the money from leaving your account. As well as this, the email notifications (as well as the log on payments on the PayPal account page) allow you to monitor your spending, so you can identify if you are spending more than you can afford.
Accepting payments through PayPal also has its advantages for the site that you are depositing to. For one, sites that support more secure payment methods are seen as more reputable sites as they have taken the necessary precautions to protect their players from the risk of fraud. Even though PayPal offers increased security over the more traditional methods of online payment, there are still concerns that users of the payment method must take into account. The main threat is scammer attempting to imitate PayPal, getting you to send them your confidential information. This usually happens in the form of emails, which are dressed up to appear like they are from the official source. They have the same logo and use an email address which appears to be official. You must be aware, however, that PayPal will never ask you to submit any confidential information via email. If you are asked for this, it is likely to be from a scammer. Some of the emails will say that they are trying to find out which accounts are active and which are disused as part of a major purge process. Check out a safe alternative payment gateway.