“If you’re someone who’s buying products on the web, we know who is buying the products where, and we can leverage the data,” Grether said in a statement to the WSJ. He also said that PayPal will receive shopping data from customers using its credit card in stores.
A PayPal spokesperson tells the WSJ that the company will collect data from customers by default while also offering the ability to opt out.
PayPal is far from the only company to sell ads based on transaction information. In January, a study from Consumer Reports revealed that Facebook gets information about users from thousands of different companies, including retailers like Walmart and Amazon. JPMorgan Chase also announced that it’s creating an ad network based on customer spending data, while Visa is making similar moves. Of course, this doesn’t include the tracking shopping apps do to log your offline purchases, too.
You know when you use your credit card and it shows the last 4 digits on the receipt big data collects all that and knows exactly who you are and where you shop and is used for targeted ads and demographic research. If you ever used your credit card where they know your name/ delivery address and even if you didn’t they know exactly who you are. This technology is old as dirt not even sure why PayPal announced this like it’s a big deal.
I don’t mean online where gdpr applies I mean in physical stores. My company uses a service called bridg but there’s others. If you swipe your card to buy something at my business and I don’t know anything about you except that card swipe. I can find out who you are, where you live, your approximate income etc. Then cross reference that with any other database that can be bought or other bridg partners to know your spending habits. Then I can say find me more customers matching op profile for my business and that’s how you get targeted in the real world. Online it’s 100x easier for them because you are typically getting something mailed.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !privacyguides@lemmy.one
In the digital age, protecting your personal information might seem like an impossible task. We’re here to help.
This is a community for sharing news about privacy, posting information about cool privacy tools and services, and getting advice about your privacy journey.
You can subscribe to this community from any Kbin or Lemmy instance:
Check out our website at privacyguides.org before asking your questions here. We’ve tried answering the common questions and recommendations there!
Want to get involved? The website is open-source on GitHub, and your help would be appreciated!
This community is the “official” Privacy Guides community on Lemmy, which can be verified here. Other “Privacy Guides” communities on other Lemmy servers are not moderated by this team or associated with the website.
Moderation Rules:
We prefer posting about open-source software whenever possible.
No soliciting engagement: Don’t ask for upvotes, follows, etc.
Surveys, Fundraising, and Petitions must be pre-approved by the mod team.
Be civil, no violence, hate speech. Assume people here are posting in good faith.
Don’t repost topics which have already been covered here.
News posts must be related to privacy and security, and your post title must match the article headline exactly. Do not editorialize titles, you can post your opinions in the post body or a comment.
Memes/images/video posts that could be summarized as text explanations should not be posted. Infographics and conference talks from reputable sources are acceptable.
No help vampires: This is not a tech support subreddit, don’t abuse our community’s willingness to help. Questions related to privacy, security or privacy/security related software and their configurations are acceptable.
No misinformation: Extraordinary claims must be matched with evidence.
Do not post about VPNs or cryptocurrencies which are not listed on privacyguides.org. See Rule 2 for info on adding new recommendations to the website.
General guides or software lists are not permitted. Original sources and research about specific topics are allowed as long as they are high quality and factual. We are not providing a platform for poorly-vetted, out-of-date or conflicting recommendations.
Just using a debit/credit card? I still choose not to do this when there’s a PayPal option though, just feels riskier!
You know when you use your credit card and it shows the last 4 digits on the receipt big data collects all that and knows exactly who you are and where you shop and is used for targeted ads and demographic research. If you ever used your credit card where they know your name/ delivery address and even if you didn’t they know exactly who you are. This technology is old as dirt not even sure why PayPal announced this like it’s a big deal.
That sounds pretty illegal under the GDPR though, hence why I usually feel fine paying by card if the website feels like they obey the law.
I don’t mean online where gdpr applies I mean in physical stores. My company uses a service called bridg but there’s others. If you swipe your card to buy something at my business and I don’t know anything about you except that card swipe. I can find out who you are, where you live, your approximate income etc. Then cross reference that with any other database that can be bought or other bridg partners to know your spending habits. Then I can say find me more customers matching op profile for my business and that’s how you get targeted in the real world. Online it’s 100x easier for them because you are typically getting something mailed.
GDPR isn’t just an online thing, it applies everywhere so I don’t know how your bridg software is getting away with that!
I really miss the fake credit card number paypal used to have for sites that didn’t take paypal