PayPal is announcing a secure credit card Tuesday to use on sites which doesn’t support PayPal payment system.
It is called ‘PayPal Secure Card’, which generates a single use MasterCard number that PayPal users can utilize to make payments on site that don’t accept PayPal. You need to download a software and this will automatically recognizes an e-commerce checkout page and fills out the information for you.
According to Reuters the “Secure Card has been tested by 3 million PayPal customers in the past year. The plug-in will be available to U.S. customers on Tuesday, with international customers to follow.”
You have little PayPal icon on your taskbar after you install the software, you double click on it to generate a random credit card number with MasterCard numbers, expiration date and CVV. Payments are made from you existing PayPal account balance, Mark Hopkins at Mashable explains.
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that is much like the netsafe card facility in HDFC bank..its a good news for all .
This will help users like me who dont have a credit card.
@Madhur, Shashank
Yaah this is a good alternative to those who don’t have credit card
Won’t it be great if Paypal gives away debit cards that can operate on Paypal account..