Though PayPal platforms have increased in popularity and with amazing reviews, users still wonder how secure the platform is when it comes to sending and receiving money.
Even though the platform has never been hacked, there is much panic among users about whether it could be hacked and what would happen to their accounts then.
It’s not uncommon to hear of an online payment platform getting hacked resulting in users losing money. It stands to reason then that PayPal users would be equally concerned about the security of the website and consequently their assets.
Has PayPal been hacked?
Officially, PayPal has never been hacked. The company spends lots of resources ensuring that their site is as security tight as possible. When you send a payment using PayPal, the recipient would not be able to see sensitive financial information like your credit card or bank account number.
Again, PayPal has a feature called PayPal Purchase Protection which protects you when you make a purchase on any website with PayPal, even to the extent of getting you a full refund when purchases don’t go right. PayPal is as safe as can be.