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

63 points

Imagine if you lived in a country with a banking system so modern, that nobody needed Paypal or Venmo.

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3 points
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I do imagine :(

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38 points

Oh, like the free bank transfers we’ve had in the UK since… 1997…?

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5 points

I was doing electronic transfers with my bank, over dialup, in 97.

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31 points

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.

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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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3 points

Look up Pix in Brazil.

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24 points

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.

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1 point

Fednow for instant teansfers is based off PayPal tech.

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0 points

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.

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5 points

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.

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1 point

TIL that’s an 🇪🇺 thing that we already have that. 😅

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9 points
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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).

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1 point

Same in Germany, so I just got a free credit card from Advanzia Bank in Luxembourg. As long as you pay the bill on the due date (via bank transfer, which is free in the EU), there are no fees and charges whatsoever.

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1 point

My wife has an ING credit card pretty much because you need one if you wanna rent a car abroad

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8 points

Anyone know if this applies to Canada too? I looked but couldn’t find it.

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8 points

Page mentions “Notice of Amendment(s) to the United States PayPal Agreement(s)”. So it’s likely US only (for now).

If you don’t see the “Data and Privacy” option to opt out on their website or app. Then it’s likely they are not sharing your data, yet.

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9 points
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US:

https://www.paypal.com/us/legalhub/privacy-full

Last updated on March 28, 2024

Canada:

https://www.paypal.com/ca/legalhub/privacy-full

Last updated on July 24, 2023

So I’d guess not.

But you might just want to keep an eye on that, because just because they haven’t changed it today doesn’t mean that they won’t later. Like, if their people are thinking that this is a good idea to make money in the US, they might also think that it’d be useful in Canada. Don’t know if Canada has any restrictions on such a change.

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134 points

Just logged in, just found it, just opted out. Thanks for the heads-up OP.

But fucking fuck. Can we put a stop to this? Legally? We could call it sometime like… The National Opt-out Policy Elimination (NOPE) Act or something.

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31 points

It should have to be opt-in ☠️

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13 points

Most things should be. Hell, one of Google’s biggest public failures was building an opt-out social media network that let all sorts of people see who you’ve emailed lately.

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14 points

Same… So tiring. Fighting to not be someone else’s product just by existing

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81 points

It’s called GDPR

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-67 points

Ah yes, that thing that sites mention on those annoying popups before making us sign away our privacy anyway.

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76 points

That thing which makes Meta and Apple so scared they do not release their new products in AI anymore in the EU to pressure us to loosen up the laws. That has already been costly to these companies.

That prevents Paypal from doing this change in the EU.

The law that has been awesome so far.

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30 points
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Most of those popups are illegal, according to the GDPR. Both opt-in and opt-out need to be just as easily possible.

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2 points

Yeah, no. You can choose to say no. A privacy banner has to give you a single click option to decline the use of your personal data and if you don’t get that option, they’re not complying to GDPR.

I systematically file complaints against unlawful privacy banners and with every popup that gets corrected I made the world a more privacy friendly place. It ain’t much but it’s an honest job.

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6 points
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Where is the option?

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13 points

In the app - Profile - Data & Privacy - Personalized Shopping

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7 points

Sigh… Not showing up for me. Is this affecting all regions?

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1 point
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Not showing on my page either. I wonder if this is only happening in the app and not the website.

Profile - Data & Privacy - Personalized Shopping

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8 points
4 points

Thank you for this! They don’t exactly make it easy to find.

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1 point
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Thank you. I’m honestly surprised this link is shareable and not some application generated garbage string.

I’m not sure how you found this:

‘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: apparently it’s in the app: https://lemmy.one/comment/13217994

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1 point

Followed the link, the page I see does not have Personalized Shopping.

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18 points

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.

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58 points

Yeah, that’s illegal in the EU.

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7 points

Hence it only applies in the US.

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