New PayPal Security Key from eBay

In an effort to increase security and decrease PayPal fraud, eBay is launching a new PayPal security key. This is a physical key that you will receive in the mail from eBay/PayPal for a small non-refundable $5 fee to cover cost and S&H.

The key changes a unique security code every few seconds, so it adds an extra layer of protection around your account. It is a small thing, think of those small mp3 players or usb drive size, rather than cell phone size.

If security is your #1 priority on PayPal and you had issues before, then it is definately worth a look. This will add an extra layer of usage since you will have to enter the security code, so for some people the extra task may not be worth the effort. It is up to you to check what it offers, guestimate your risk factors, and decide what's the right thing for your situation.