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.
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 actuality 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 have a credit card with ING for international payments. You can just get one if you want one, as long as you have a moderate income and no a history of unpaid debt.
Paypal is easier and possibly cheaper, but it’s also a scummier bank (American scummy bank rather than European scummy bank). That said, PayPal Europe and PayPal US are two very different companies that share the same name and logo, with very different capabilities and terms of service.
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.
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.
Look up Pix in Brazil.
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.
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.
Perhaps in your country. Not in mine. Number only no names.
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.
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
I was doing electronic transfers with my bank, over dialup, in 97.
I do imagine :(
Misleading. This only applies to the US.
Was gonna say… The EU would have been up their arses with a cactus for that.
Replied to another poster as well, but this setting is present in my UK PayPal account too and needed turning off.
Where can i find this within settings?
Well, I guess non EU countries would be more accurate then.
Thanks! Turned that BS off right now!
Venmo is owned by PayPal, but I couldn’t find any information about if similar Venmo TOS changes are planned or already in effect.
Whatever the parent company does tends to trickle down.
So Safe to always assume it does.
Checked my Venmo and there isn’t an opt-out yet.
I don’t know if that’s good or bad…
This must be US exclusive as here’s my options in Canada…
I updated title, thanks
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.
Yeah, that’s illegal in the EU.
Hence it only applies in the US.
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.
Luckily my country has a standard payment system for every bank in the country so I don’t to use this shitty ass service
At least 3 states have common sense laws to auto opt-out. I think every state should have these privacy laws, even if those 3 are minimal at best.
In the Android app, open your profile, tap Data and Privacy, then Personalized Shopping, then toggle it off.
It’s the same on the iOS app.
MVP
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’
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.
MVP for direct link, thank you 🙏
Fucking legend. Thanks for the direct link and for (unintentionally) reminding me that it was time to change my PayPal password!
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.
Same… So tiring. Fighting to not be someone else’s product just by existing
Where is the option?
In the app - Profile - Data & Privacy - Personalized Shopping
Sigh… Not showing up for me. Is this affecting all regions?
I’m in Australia, not showing up for me.
Thank you for this! They don’t exactly make it easy to find.
It’s called GDPR
Ah yes, that thing that sites mention on those annoying popups before making us sign away our privacy anyway.
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.
Yeah, critics don’t realise that headlines like that don’t phase me at all since GDPR.
Clicking on “deny all” is well worth the positives. I think there’s even add ons that do it for you.
Consent-o-Matic will deal with that shit automatically. Or, if you’re fine with being stalked online, there’s the “I don’t care about cookies” addon that only clicks the “allow all” buttons.
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.
Most of those popups are illegal, according to the GDPR. Both opt-in and opt-out need to just as easily possible.
Exacly, these popups are completely unnecessary and just a form of malicious compliance by the website creators.
They are not even compliance a lot of the times.
They are the equivalent of begging on the street, some of them aggressive enough that it’s illegal.
It’s not illegal if it’s not being enforced.
You can pick out a company and sue them.
What? As a private citizen? in +this* economy?
Wasn’t the point of stuff like the GDPR that the governments would be the ones doing the enforcing and the suing?
Well, you can also file a formal complaint with your regional data protection officer. Usually, this is resolved outside of court, though, so it doesn’t necessarily prove that the behavior was illegal (although a judge might take the data protection officer’s opinion as expert input for future trials anyways).
No, GDPR is exactly what allows anyone to sue corporations with any chance of success and impact.
It should have to be opt-in ☠️
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.
Is this a thing for EU accounts, or does GDPR prevent it?
Seems pp rolled this “feature” out to USA only due to our lax regulations on privacy. Another user (in Canada) pointed out the option was not seen in Profile & Data
I don’t see a “Personalized shopping” setting and don’t think that being opt-out would fly under GDPR.
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
Oof. Thanks. I deleted mine as well. Never really use it anyway because I was always afraid of what they might do with my money.
