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I read in the NYTimes that PayPal supports two-step verification, but I can't see where to set it up. How do I set up two-step verification in PayPal?

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It's done in your settings:

ProfileMy SettingsSecurity KeyGet StartedGet Security Key

You can either pay for a physical token that will display your one-time password (OTP) key, or you can register a mobile phone, the instructions are right there.

Note: to register a phone it needs to be able to receive text messages, as that is how the OTP is sent.

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I didn't have it yet on my account so here's how I did it. The correct name of the product is Paypal Security Key

  • Log into Paypal

  • Search for "Security Key"

  • A result should be auto-suggested as you type

    enter image description here

  • Click the suggested keyword

  • On the resulting page click "Security Key" under the "Best Matches" section

  • In the resulting text find the "get one today" link and click it

  • choose from the following options

enter image description here

  • I'm going with the Register your phone option for the rest of the steps

  • Enter your phone number in each of the spaces provided. If you use google voice, enter your actual telephone number so that the shortcode message will get to you - because PayPal does not accept Google Voice phone numbers.

enter image description here

  • The click "Agree and Register"

enter image description here

  • Enter in the 6-digit code you receive on your phone

enter image description here

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Enjoy your two-step authentication aka "Security Key"

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I don't have any search bar in Paypal. Does it have to be enabled? – Nathan Fellman Oct 18 '12 at 20:50
it should be in the upper right of the page when you're logged in and on the dashboard. – Dez Oct 18 '12 at 22:12
Is this only for the US? I can not find anything similar in Paypal Spain. – Pigueiras Jan 10 '14 at 17:50
I have the same problem when trying to activate this feature in The Netherlands. When clicking here on "Activate now" I get and error "The Security Key is currently not available." and demo link results HTTP 404. – dma_k Dec 4 '14 at 14:41

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