Filed under: Business, Internet
PayPal will let you buy stuff on sites that don't accept PayPal
Like buying things online but don't feel like giving out your credit card number to a gazillion different web stores? For a few years now PayPal has been the big name in one-stop checkouts. Just sign up for a PayPal account, link up your bank account or credit card number, and send and receive payment for your eBay auctions and buy stuff from participating retailers.But while most stores take credit cards, there's still plenty of shops out there that won't accept PayPal. So tomorrow PayPal is launching a new service that will let you shop at those stores too.
Basically, PayPal will generate a new virtual credit card number every time you want to buy something on a site that doesn't have a PayPal checkout button. The company is partnering with MasterCard Inc to provide the "Secure Card" service. And we're guessing the service will go a long way toward helping PayPal fend off newcomers in the online payment marketplace like a little company called Google.
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Reader Comments (Page 1 of 1)
pmow said 5:10PM on 11-19-2007
Erm, they've had this for a while now. Perhaps the secure card initiative is the new feature?
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CoffeeDaze said 2:43PM on 11-19-2007
I've been using this through PayPal for quite a while now (at least 6 months)
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Christina Warren said 3:13PM on 11-19-2007
Hey, for Apple - 2 million is a hit. It took Tiger six weeks to sell as many copies :)
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Christina Warren said 3:14PM on 11-19-2007
OMFG - stupid 1Password - anyhoo, I've been using this for like 4 or 5 months, but I think it just got out of "beta" and was just officially launched.
Soooo convenient.
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robotrock said 3:27PM on 11-19-2007
Yeah I used this over 2 years ago...although at the time the link was buried...maybe its more open now?
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MrMuggs said 11:36PM on 11-19-2007
they've had this for years - virtual credit card. the problem is that it doesn't generate a 3 digit security code that's found on the back of credit cards and required to buy stuff online w/most sites. therefore, it's only useful on very few websites. the websites that work are often the sites that require very little info other than the CC number and the expiration date.
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Guillaume said 9:23AM on 11-20-2007
Does it work with non US citizens, on Amazon.com ?
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ahoier said 12:31PM on 11-20-2007
Nothing really new here...? My mom has set up a "Paypal" checking account, which is linked with PayPal/Ebay - for protection purposes....it's got only like 20 bucks in it, and she deposits more as she makes purchases.
She also uses it for other online retailers.
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