PayPal’s New Privacy Policy | CreditShout

PayPal’s New Privacy Policy

By David / June 4, 2015
Paypal's new privacy policy

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Q: I heard PayPal just updated it's privacy policy. Is this a big deal?

If you've been on the internet, you know that companies constantly update their terms of service and privacy policy. And they tend to make these documents pretty long and inscrutable. 

But PayPal has taken this to a new extreme by introducing an update to its policies​ that allow the company to robocall or text you at any number - even a number you did not provide them.

This update take affect on July 1, 2015.

There may be some good news in all of this. It looks like the FCC is targeting telemarketers by introducing new rules for consumer protection. These new FCC rules may take affect as soon as June 18th. We will see which policy goes into affect first.

If you do use PayPay, and want to contitnue without the threat of automated calls and texts, the Washington Post report states:​

A PayPal spokesperson said it's the company's policy to "honor customers' requests to decline to receive auto-dialed or prerecorded calls."

But PayPal's new terms don't make that very clear.

"If you do not agree to these amended terms," the revised document says, "you may close your account within the 30 day period and you will not be bound by the amended terms."

It may be time to start reading all those license agreements and privacy policies!

Update - June 12, 2015: Looking for alternatives to PayPal? We have some ideas.

Update ​- July 24, 2015: PayPal just announced another update to their terms of service. This update provides that PayPal "will not use autodialed or prerecorded calls or texts to contact [their] customers for marketing purposes without prior express written consent."

The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. Additionally, the opinions of the commenters are not necessarily the opinions of this site

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