Paypal Privacy Policy Update

Online payments and money transfers service PayPal, which serves as an electronic alternative to traditional paper methods, is updating its Privacy Policy at a future effective date. If you're a PayPal member, you can see the notification at the right panel or check out the update right here.

Paypal LogoAccording to PayPal, the following is the amendment to its Privacy Policy which will take effect on July 13, 2010.

Amendment to the PayPal Privacy Policy
  1. Preamble

  2. Scope of the policy has been updated to include “products, services or any other features, technologies or functionalities offered by us on our website or through any other means (collectively “the PayPal Services).”

    The text of the policy has been adjusted throughout to reflect this change.

  3. New section has been added – entitled: Binding corporate rules.

  4. Binding Corporate Rules

    In addition to the privacy practices set out in this Privacy Policy, eBay Inc. has established a set of Corporate Rules (also referred to as Binding Corporate Rules), approved by a number of European Union privacy regulators. These Corporate Rules are a commitment by eBay Inc. to adequately protect your personal information regardless of where the data resides, and depending upon your location, may provide additional privacy rights through your privacy regulator or a court. If you would like additional information regarding the Corporate Rules contact us via the contact details below.

  5. How we collect information about you

  6. Language has been updated to include that PayPal collects information from your “interactions with Members of the eBay corporate family, and from other companies.”

    Language about collecting information in ways “not specifically described” has been removed.

  7. How we use cookies

  8. This section has been updated to include the following language:

    We and our service providers also use cookies to customize the PayPal services, content and advertising; measure promotional effectiveness, and promote trust and safety.

    You may encounter cookies from third parties when using the PayPal Services on websites that we do not control (for example, if you view a webpage created by a third party or use an application developed by a third party, there may be a cookie placed by that web page or application).

  9. How we use the personal information we collect

  10. In the sixth bullet, “send you” has been replaced with “deliver”

  11. New Section has been added entitled: Marketing

  12. Marketing

    We don’t sell or rent your personal information to third-parties for their marketing purposes without your explicit consent. We may combine your information with information we collect from other companies and use it to improve and personalize the PayPal services, content and advertising. If you don’t wish to receive marketing communications from us or participate in our ad-customization programs, simply indicate your preference by logging into your account going to the Profile subtab under the My Account tab and adjusting your preferences under Account Information or by following the directions provided with the communication or advertisement.

  13. How we share personal information with other PayPal users

  14. The following wording has been added:

    In addition, this and other information may also be shared with third parties when you use these third parties to access PayPal services. Unless you agreed to it, these third parties are not allowed to use this information for any purpose other than to enable the PayPal Services.

    And examples of data that may be shared by third parties with us have been added to this section.

    We have clarified the cases in which we may be required to disclose credit card number or bank account number to include compliance with “Credit card association rules”.

  15. How we share personal information with other parties

  16. In the first bullet, “Skype” has been removed and “products” has been inserted between “joint content” and “and services”.

    “Credit Card association rules” has been added to the disclosure about sharing data for legal compliance purposes.

    Wording has been added to clarify information submitted on a third party website and not directly to PayPal will be subject to the third parties’ privacy policy."
Source: PayPal