However, these cookies are eliminated once the user shuts down the browser. Security issues are very important to the company, for it is the very core of their business. All private information is encrypted and stored on a secure server which is housed in a secure data center. The information is protected both physically and electronically. Physical protection is accomplished by the use of a locked steel cage located at one of Global Crossing 's highly secure Global Centers.
Electronic protection is done by the use of firewalls.
Any communication by the consumer with Paypal is conducted through the user's computer's web browser where interaction is automatically protected by a secure socket layer. The company only supports browsers that use an SSL of 3.0 or higher. The company also provides protection against misdirected payments by sending a 20-digit confirmation number to every email address that is submitted by users to verify that the person who is claiming that email address actually receives email at that address. A consumer can buy items through online auctions, pay or collect money from family members or friends, settle IOU's or even pay his or her rent. So, in conclusion, Paypal sounds like a pretty good idea.