Choosing a Safe Way to Accept Payments

You may have heard of the nightmares from fraudulent payment processors and gateways. Heck, they don’t have to be fraudulent to give you problems. But, what many people do is get into a situation where they either earn money but don’t want to use the processor or submit sensitive information in order to use the processor and later find out it was a big mistake.

One of the only processors I truely trust is Paypal. Why? They’ve had a pretty good record and I’ve never had an issue thus far – I’ve used them for well over 6 years.

They have some information that could damage my bank account very easily, but…I take that calculated risk on my own terms. Though, one recent discovery is that they may have telephone support hosted in India. This is somewhat of an educated guess based on a previous telephone conversation I had with someone at Paypal – I’ll need to verify my guess and let you know.

But, why is this an issue anyway? Think about it; a third-world country potentially having access to your personal sensitive information (such as bank accounts, credit cards, and debit cards). How do you know the employees aren’t secretly keeping that information for themselves? What if that personal information is actually STORED in data centers in another country, how safe can that really be?

Yes, we have our own security issues within our country, but at least we can control it easier. And, those found guilty, we can take matters into our own hands; can’t do that with a third-world country.

Be careful what information you give to processors, especially when you don’t know where the information is stored. The 20 minutes of searching could save you from many problems down the road. Most importantly, do your research and due diligence.