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PayPal offers two types of two factor authentication in some countries.
1. SMS Security Key: This can be set up in the security tab in your PayPal profile.
2. Verisign VIP Access 2FA: https://vipmobile.verisign.com/
For Verisign 2FA setup, you'll need the VIP Access app and this PayPal link:
When activating Verisign 2FA, you'll need your Access app Credential ID (enter your entire Credential ID in the serial number box) and two unique security codes (the second security code will be the code that follows the first after 30 seconds). You'll be able to deactivate Verisign 2FA from the security tab in your PayPal profile.
You wont be able to log into the PayPal app when using Verisign 2FA. If you want added security for your account and want to use the PayPal app, you'll need to use PayPal's SMS Security Key.
I also want to activate the 2FA... but I have a problem:
Im using a desktop browser (not mobile/android)
and I don't see this "SMS Security Key" under the security tab of my PayPal profile.
Though I only see the "MOBILE PIN" nor "Customer Service PIN"
---but I doubt that these are the 2FA options
Also Im not sure if 2FA can only be activated via PAYPAL mobile app
If you're unable to setup security key activation or Verisign 2FA, its possible these services may not be available for your account in your country.
(I'm from Asia too)
It is really disappointing to hear that there are "COUNTRIES" that doesn't have the same security features as the others.
w/o the 2FA, our accounts are really vulnerable once the hackers stole our passwords... tsk tsk..