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

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-12 points

You don’t need to know anything except the recipient’s account number.

You need to know the name of the owner of the account. At least in my experience, if you put a wrong owner number the money transfer will be rejected.

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14 points

Nope, you just need the IBAN, you can put any name you want, for your own reference

I even get a warning on my banking app saying to triple-check the IBAN because that’s the only thing the transfer is based on

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6 points

Perhaps in your country. Not in mine. Number only no names.

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5 points

No you don’t. The name field is optional. If your bank requires you to fill something in, their app/system hasn’t been updated to comply with EU banking regulations. I’d simply write Not Applicable from now on. Or Mickey Mouse.

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