One of the newest ways to pay for items to avoid identity theft is through temporary accounts. For example, Revolution Money was started in 2007, to protect consumers in purchases. It claims to avoid placing any personal identification information on the cards to ensure that the transaction remains anonymous.
However, it is still debatable about whether it will be totally accessible to everyone that is interested in protecting their identity. To increase your chances of avoiding hackers learning anything, you may want to try a free temporary email account to couple with this temporary money account. It will automatically delete and there are numerous free options available. Type into a search engine for “temporary emails” and plenty of options will come up. Try to avoid the free ones that don't require a password because those do not have any privacy measures. Therefore, anyone could guess your email, and read it. Be vigilant in protecting your email and the temporary account simultaneously.
Go to Revolution Money for more information. The one thing to remember is that they do ask for personal information during the registration process to ensure that real people are actually signed up. Therefore, be prepared to share your Social Security number and income. The site does appear secure, but this factor could make someone a bit nervous understandably. On the other hand, PayPal offers a simple process to create a temporary account. They only require your account information to be linked to a real account to collect funds from. This avoids everyone inputting the information repeatedly.
Visit PayPal to find out more about the secure card, which is under the process of a name change. PayPal and Revolution Money have money exchange programs that are inexpensive as well. Check with your bank to see what types of protection they offer because that may have a cheaper resource to guarding your identity. They provide a temporary pin number and simple protective extras that other companies may not.
In conclusion, be careful when making transactions with new merchants and always check the credit reports from Experian, TransUnion, and Equifax. There are programs to check the information monthly through banks, but checking individually is still good too. During holidays, it is smart to use a temporary card that is still linked to your real account without anyone knowing the difference. Plus, it will interfere with companies that like to charge accounts recurring charges. The new way to pay for items is important to the 21st Century way of doing business.
