malloc@lemmy.worldOPtoYou Should Know@lemmy.world•YSK: PayPal is updating their “Privacy Statement” policy to automatically share data about you with retailers. Policy takes effect 2024-11-27. Requires opt out by user to deny sharingEnglish
17·
8 hours agoUS 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.
Page mentions “Notice of Amendment(s) to the United States PayPal Agreement(s)”. So it’s likely US only (for now).
If you don’t see the “Data and Privacy” option to opt out on their website or app. Then it’s likely they are not sharing your data, yet.