Wow, seems pretty fool-proof then. Always thought even if you could grab a Paypal account, the damage you could do would be pretty limited due to reversible transactions, payout to the user's bank account only, limited ways to buy high value online goods instantly etc.
I wonder how successful their card program is and what percentage of their fraud is generated by it. We're seeing businesses massively shift away from cash, as are governments. But I also thought the same was happening with cards to a smaller extent. Wouldn't have expected a physical-card push from a digital money company like Paypal. I guess cards (physical or stored as digital credentials like Appe Pay) are here to stay for quite some time.
I wonder how successful their card program is and what percentage of their fraud is generated by it. We're seeing businesses massively shift away from cash, as are governments. But I also thought the same was happening with cards to a smaller extent. Wouldn't have expected a physical-card push from a digital money company like Paypal. I guess cards (physical or stored as digital credentials like Appe Pay) are here to stay for quite some time.