PayPal privacy policy change - opt out of data sharing

[JeffL0]

Just got an email from PayPal about changes to their privacy policy which now includes data sharing with 3rd parties, go turn it off in your account settings.

It's pretty crappy they're resorting to selling data, but I am not surprised, trying to monetize like everyone else -- but at least they DID give clear instruction how to opt out:

[Wolf 335]

I do not see this under my Data & Privacy.

[JeffL0]

Hmmm, not sure, wonder if it's a region thing? Here's the body of the email:

[ezaircon4jc]

This smells like a scam to me to access your account.

[JeffL0]

Originally Posted by ezaircon4jc

This smells like a scam to me to access your account.

LOL no, but good your Spidey Senses tingled. I've been in IT for 40+ years, it's legit for sure.

That setting was exactly where the email indicated it would be, and the email did not solicit for credentials etc, rather directs you to your account settings. It's just a new monitizing avenue, unfortunately we've devolved from an opt-in society to that of opt-out. "We're enrolling you unless you say nope".

[///MPhatic]

I looked for this as well, but couldn't find it.

[nerdogray]

I found it in my account, and it was enabled. Now disabled. Thanks for the heads up.

[2000cs]

I received the email today; went in to my account and disabled just about anything I could. I rarely use PP so won’t miss it if I have to close it.

[kscarrol]

Have not received the email but did find in settings and disabled it.

[vreihen16]

I gave my DW a heads-up to look out for this email. Her response was that she hasn't used PayPal in over a year because of their crazy fees...and decided on the spot to close her account.

I'll be curious to see how much their subscriber count drops in their future shareholder filings because of this attempt to monetize their user base.....

[2000cs]

Originally Posted by vreihen16

I gave my DW a heads-up to look out for this email. Her response was that she hasn't used PayPal in over a year because of their crazy fees...and decided on the spot to close her account.

I'll be curious to see how much their subscriber count drops in their future shareholder filings because of this attempt to monetize their user base.....

It is about all PPal has left; there are better money transfer services at lower/no fee. If not for the link to eBay (also a bit of a has-been IMO), PPal likely would be suffering the same fate as Yahoo! I would hope, but doubt, that PPal management did the math and determined that the data revenue from their remaining accounts more than offsets the revenue loss from those closing accounts (likely non-users, like your DW).

[avantegardestyle]

Paypal is the devil in corporate form

[ezaircon4jc]

Originally Posted by ///MPhatic

I looked for this as well, but couldn't find it.

I couldn't find it either...