The quantity of data that PayPal share with third parties is quite scary.

  • weex
    link
    fedilink
    32 years ago

    I would say the massive number of companies is concerning but such is the nature of reversible payment methods. They can’t just send money, they have to score how much to trust you and they try to pull in as much data as possible to make that score. Makes cash and cash-like payments all the more attractive.

    • Mwalimu
      link
      12 years ago

      They say as much here [1]

      Why does PayPal provide this list?

      PayPal’s banking license is issued in Luxembourg. This means that in addition to other European laws, PayPal must comply with Luxembourg Banking Laws, including banking secrecy.

      PayPal publishes this list as required, to ensure that PayPal customers in the EU, EEA and Switzerland who are covered by the Luxembourg banking laws are informed as to which other companies (‘third parties’) may receive their data if they request PayPal services.

      Why are so many companies listed?

      PayPal has a significant number of customers in the EU, EEA and Switzerland that rely on PayPal to process their payments securely and safely. Providing these services efficiently sometimes requires PayPal to use the services provided by other Companies.

      This list also includes companies used by other members of the PayPal Group, including Hyperwallet, Zettle and Xoom.


      1. https://www.paypal.com/ie/webapps/mpp/ua/third-parties-list ↩︎