Amendments to the PayPal Privacy Statement Effective November 27, 2024:
We are updating our Privacy Statement to explain how, starting early Summer 2025, we will share information to help improve your shopping experience and make it more personalized for you. The key update to the Privacy Statement explains how we will share information with merchants to personalize your shopping experience and recommend our services to you. Personal information we disclose includes, for example, products, preferences, sizes, and styles we think you’ll like. Information gathered about you after the effective date of our updated Privacy Statement, November 27, 2024, will be shared with participating stores where you shop, unless you live in California, North Dakota, or Vermont. For PayPal customers in California, North Dakota, or Vermont, we’ll only share your information with those merchants if you tell us to do so. No matter where you live, you’ll always be able to exercise your right to opt out of this data sharing by updating your preference settings in your account under “Data and Privacy.”
edit: update title to reflect this is for PayPal USA users
Imagine if you lived in a country with a banking system so modern, that nobody needed Paypal or Venmo.
Oh, like the free bank transfers we’ve had in the UK since… 1997…?
Yes. What a lot of Americans don’t realise is that in other countries, bank account numbers are standardised to include pre-defined bank and branch information. In a sense, account number includes what americans think of as routing number.
People trade bank account numbers like business cards. Businesses post their account numbers for payment. Even a flyer for a local school fundraiser will have an account number listed on it. If you buy something from someone, the seller tells you his account number. You log into your bank and transfer the funds instantly, whether it’s $10 or $10000. You don’t need to know anything except the recipient’s account number.
It’s free. It’s painless. It’s interconnected. It’s bank agnostic. The movement of small monies between individuals should not be commoditised.
US has been playing catch up for decades. FedNow was implemented in 2023 to allow instant P2P payments between banks thereby eliminating the need for PayPal, Cash App, Venmo, et al.
It will take some time before we see banks make this fully available to everyone and subsequently merchants using it.
Fednow for instant teansfers is based off PayPal tech.
Still need PayPal for some transactions that require a credit card. In the Netherlands, credit cards aren’t as commonplace as in the USA since we only pay with money we actually have.
I’m not saying I discredit your argument, I’m just angry at companies requiring either a credit card or PayPal (or even worse, those buy now pay later deals).
I do imagine :(
Uh, isn’t that normal? People use PayPal because of the easy of use resulting from its inherently low security that is still far better than CC, not because there aren’t sensible alternatives.
The sensible alternative is when banks allow instant free transfer of funds from your account to any other account regardless of which bank or recipient.
TIL that’s an 🇪🇺 thing that we already have that. 😅
Yeah, that’s illegal in the EU.
In the Android app, open your profile, tap Data and Privacy, then Personalized Shopping, then toggle it off.
I’m just on Firefox mobile and had to do this,
1: log in
2: tap the hamburger then the settings icon
3: data and privacy then ‘personalized shopping’
It’s the same on the iOS app.
MVP
Thanks for the heads up 👍
Here’s the direct link to disabling it but I assume Capcha or login will probably get in the way: https://www.paypal.com/myaccount/privacy/settings/recommendations
Thank you!
hey! I’ve seen you before!
I get around a lot.
Off-topic, but did you see Linkerbaan got baanned? LOL
I did. Hilarious.
And about damn time too.
Fucking legend. Thanks for the direct link and for (unintentionally) reminding me that it was time to change my PayPal password!
Lol, paypal now has an option to store your SSN and passport info. What a scam.
Account deleted.
https://www.paypal.com/myaccount/privacy/ -> Delete your data / close account
US only
Incorrect. It’s in my UK PayPal account settings too and I turned it off.
Sigh, yet another enshittified service to cancel.
As much as I support the notion. Some people, I’m thinking especially about international buyers and sellers, aren’t going to be able to do this. PayPal has too much of a monopoly on that front.
No doubt. All I can hope for is more tech companies get the kind of backlash Unity saw when they decided to screw everyone over.
Same reason lots of us moved here from Reddit.
Yup. I’ve had to stop using ebay because even when you check out with your own card, it goes via paypal, and they have misused my data too many times for me to keep putting any trust in them.
It sucks, because a lot of mutual aid is done over paypal too, but I’m really struggling to justify leaving my account open (and I’m not even in the US where op applies).
Thank you. Just closed my account. Didn’t need it anyway and I sure as fuck don’t need to be generating income for PayPal anymore.
Thanks for the heads up, I would have missed that.
Venmo is owned by PayPal, but I couldn’t find any information about if similar Venmo TOS changes are planned or already in effect.
This must be US exclusive as here’s my options in Canada…
I updated title, thanks
