I am going start my very 1st ecommerce site with paypal payment gateway. This is the 1st time i'm not selling via any 3rd party site but from my very own site with my verified paypal account. What about the security of paypal payment.as we can get order from a totally anonymous/unknown person. How to prevent refund or any other frauds?
PayPal is extremely secure. Millions of customers use it on eBay and they have anti-fraud technology installed. Just to be on safe side, always use strong password and never share your financial information with anyone.
You have to mention about the refund policies clearly in your website. So that, you can able to face disputes in a right way.
It is a secure site, so you don't have to worry. Just make sure the details are available clearly in your site.