The PayPal Security Key is Coming … only $5

by Martin Neumann on January 15, 2007

For those wary of using PayPal to make payments online comes a new offering from the eBay owned company.

The PayPal Security Key is a small electronic device which will generate a unique 6 figure code every half minute and then expire.

Together with entering their normal login details users will also have to input the code, which gives them an added layer of protection.

PayPal is working with VeriSign on this - it’s still in the testing phase within PayPal and is not available yet. They will shortly be beta testing the device with users throughout the world. They do have a page up here which provides some basic details.

The cost of the device is a once-off $5 with PayPal business account holders having the fee waived.

Here is a quick look at the device…

ppsec.jpg

(via AuctionBytes)



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  1. One Response to “The PayPal Security Key is Coming … only $5”

  2. By Neil Berger on Jan 15, 2007 | Reply

    About time!!!!

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