Well, this sucks. PayPal was great for only having your credit card information in one place - now it looks like I’ll have to risk it with every website.
This has me seriously considering using a company like privacy.com to just create random CC numbers per sketchy website.
Revolut does that, but far cheaper.
Good to know, I’ll check them out as well! Thank you
Get a credit card that allows you to generate a temp number.
Capitalism = legal entities that we don’t need doing things that we don’t want.
Going to terminate account now. Good luck with that shit Paypal
How is that GDPR compliant?
It’ll probably launch in the US only to avoid GDPR concerns
I would’ve loved to have a paypal alternative if so many damn services would adopt them.
And no I’m not talking Google Pay or Apple Pay. They’re just as bad.
How is Apple Pay just as bad? I haven’t heard anything that they do like this. There is no advertising in the Apple ecosystem. In fact, several places (like Walmart) don’t want to adopt the tap to pay because for some cards, it blocks tracking from them by using a pseudo randomized credit card number every time. It makes using the rewards for places a pain, but it works at maintaining harder tracking for whoever you’re paying.
There is it. The main reason why Honey exists.
Yes, their evil plot finally laid bare. Copy what Mastercard and Visa have been doing since the 80s.
So happy I deleted my account with them 5 years ago after going throught their laughably bad customer protection (the only reason I had them to begin with, I had figured it was a good idea to have a buffer between merchants and my CC)
In the end, it was perfect because, as they refused to help, I went straight to the credit card to reverse the fraudulent charge and closed all accounts with PayPal… Then I get a whiny email from them when the CC took the funds and left them holding the bag… Sweet minor victory
PayPal. All the authority of a bank. None of the responsibility.
I feel like this could be used to describe any tech company that “innovates” or “disrupts” an area.
Correct… In late stage capitalism “innovation” means breaking some laws (Air B&B, Uber), smoke and mirrors (AI) or outright scams (Theranos)
This is why all these new “innovations” need to flood the market as hard and fast as possible… Before anyone notices what they really are
Throw enough investor money at lawyers and anything is legal for an amount of time.
“Oh, I’m sowwy, did we bweak the law? Well here’s 5,000 boxes of paper that say we didn’t, see you in 18 months.”
So, advertising the things I have already bought? Not sure thats gonna be super successful…
Amazon has done that for the past 2 decades and it has somehow worked.
We noticed you bought a fridge yesterday. Are you interested in these fridges, too?
Gonna catch’em all!
If only it was smart enough. Make its like oh you bought a newtv, you would like this new surround system
with stuff like this, usually the objective is to advertise based on patterns across purchase histories
I’m sure thats the theory, and whats being sold to the ad buyers, but my money is on it ending up like the ads you get after buying something from amazon/ebay: same item you just bought.
you probably just notice that because it doesn’t make sense from your perspective.
it’s probably more cost efficient for advertisers to just throw relevant ads at potential groups. Determining whether an individual already has the item is a waste of resources, and you probably don’t notice when the ads are things you don’t own.
Last time I observed this I was getting the exact same item that I bought being advertised to me constantly, across multiple sites. No variation at all. It was a pair of hiking shoes. If it had then offered me hiking poles or rain coats or anything else that would have been useful, but instead it was the same pair of shoes I had already purchased.
If the ad network had actually suggested useful paired items that i dont already own, then those ads should actually stand out, as they are actually relevant to me.
If its not cost efficient to actually target to the individual (and I dont doubt that it isn’t), im not sure what Paypal is bringing to the table here that Amazon etc can’t already do.
Well… looks like I’m going to have to find a new payment platform to use.
I’ll be more concerned when Visa and Mastercard get wind of this idea.
Did you not know they’re already selling your purchase data? All the card networks do it.
That’s why you need to use cash to buy anything you don’t want logged to create a data point about you to be sold
For items or just the shop? Because I write EPOS systems for a living, and as far as I can tell, we pass no item data to the credit card merchants.
The shop is obviously passed to them. So maybe don’t buy from Dave’s Enormous Dildo Emporium.
You mean DEDE? I love that place.
The card companies can get data from the Merchant Category Code to infer the nature of purchases, without specifics. The stores also have a record of what items you bought, which could also be sold unless you have a contract with the store that guarantees they won’t sell your purchase history (at least in the countries without strong privacy laws)
That’s per store though, presumably when they sign up with a payment provider (because there’s a lot of rules about e.g. using credit cards to gamble with).
If I buy sex toys from Tesco, it’s still showing up as “groceries”. If I buy from a sex shop, it’s going to be more clear cut.
I can see from my emails that PayPal send out itemised receipts on behalf of their customers, so they’re definitely collecting more data than the big two.
If I buy from a sex shop, it’s going to be more clear cut.
Life pro tip: Open a sex shop that sells groceries, to devalue the data analysis ^^
Surprise! You’ve been acquired by Amazon!
thsnks I’m out
I’m more surprised they hadn’t yet, to be honest.
Over here regular banks have been doing that for years 😥
You cannot trust any US company any longer…they are basically all creepy
Corpo apps are like
“Do you love me? Rate 5 stars?”
No I don’t love you. How about zero stars for sexual harassment? Do I need to talk to HR?
Fucking within like 2 minutes of using their apps too, they ask, “do you like the app?” Then another popup that says, “provide feedback for why you don’t like our app?”
Because you keep getting in the way of me actually doing what I need to do. And it’s getting uninstalled as soon as I’m done with it.
It’s to the point where no one wants to do shit on their website anymore. They force you to download the app. So they can get even more access and control of your info. And like I need more motherfucking apps on my goddamn home screens. Fuck that shit.
Up next: PayPal introducing new AI that purchases random shit for you.
Relevant xkcd?
