PayPal has revealed that it shares customer data with as many as 600 third party organisations. Possibly prompted by the imminent introduction of The General Data Protection Regulation in Europe, the US online payments business has taken the unusual step of releasing this information voluntarily.
PayPal claims that it does not rent or sell its user data – which can include details such as full name, gender, location, phone number and email address. In some cases, it encompasses business and domain names, transaction data, account status and personal preferences. Recipients of this data include Google, Facebook, Twitter, Apple and Microsoft who use it for targeting advertising, marketing and product testing.
Once GDPR is in operation, it is likely that other businesses with online operations in Europe will be obliged to follow in PayPal’s footsteps.