Paypal vs. Credit Card vs. Klarna
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism. -
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism.If you pay with a third party, your data goes to them and whoever is providing the account behind it. So if you have your credit card in PayPal, your data goes to PayPal, the credit card provider, and your bank. If you use the credit card directly, it's just the CC provider and your bank.
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism.Anecdotally, I don't trust Klarna one bit. A few years ago I was making a payment and Klarna directed me to a third party site that wanted my bank credentials. It was at that moment I stopped using Klarna and requested they delete all information they have on me. Apparently, Klarna wanted to see my account activity. I now go out of my way to avoid them. I have a similar issue with PayPal, where connecting a Credit Card requires entering information in a way I'm uncomfortable with.
So for now I'm just using a CC directly. This may not be the best approach, but it feels the least intrusive - for now. I don't know what the best option would be. Maybe when GNU Taler becomes an option...
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If you pay with a third party, your data goes to them and whoever is providing the account behind it. So if you have your credit card in PayPal, your data goes to PayPal, the credit card provider, and your bank. If you use the credit card directly, it's just the CC provider and your bank.
There's a third party between the payment system (website, point of sales systems, card terminals, etc) and the card's provider who also has access to the transaction data in the latter example. These payment systems don't interact with visa/mc/whatever directly.
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism.Read your credit card agreement. Does it have a number to call, email address or mailing address to post to to opt-out of information sharing of purchase information with 3rd parties? I opted out with my latest card.
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Anecdotally, I don't trust Klarna one bit. A few years ago I was making a payment and Klarna directed me to a third party site that wanted my bank credentials. It was at that moment I stopped using Klarna and requested they delete all information they have on me. Apparently, Klarna wanted to see my account activity. I now go out of my way to avoid them. I have a similar issue with PayPal, where connecting a Credit Card requires entering information in a way I'm uncomfortable with.
So for now I'm just using a CC directly. This may not be the best approach, but it feels the least intrusive - for now. I don't know what the best option would be. Maybe when GNU Taler becomes an option...
information in a way I'm uncomfortable with.
Huh, what's that? Maybe I did this so long ago that I don't remember before I started getting big into privacy.
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism.Gift and prepaid cards are an option too.
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If you pay with a third party, your data goes to them and whoever is providing the account behind it. So if you have your credit card in PayPal, your data goes to PayPal, the credit card provider, and your bank. If you use the credit card directly, it's just the CC provider and your bank.
Usually there is also online payment providers like Stripe, Adyen, Square, which process the credit card payment and thus get your data - not only the bank and creditcard provider.
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism.I've been using their service for years and I advocate it whenever I can. You link their service to a bank account and then generate throw away credit card numbers which one used deduct the balance directly from your checking account.
You can set spending limits on the virtual cards, you can make them one time use only, and you can make them lock themselves to a vendor so even if someone steals that credit card number they can't use it.
I very highly recommend using their service to protect yourself using online payment systems.
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Gift and prepaid cards are an option too.
I rarely encounter sites that accept them.
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I've been using their service for years and I advocate it whenever I can. You link their service to a bank account and then generate throw away credit card numbers which one used deduct the balance directly from your checking account.
You can set spending limits on the virtual cards, you can make them one time use only, and you can make them lock themselves to a vendor so even if someone steals that credit card number they can't use it.
I very highly recommend using their service to protect yourself using online payment systems.
unfortunately they are only available in the US
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unfortunately they are only available in the US
Revolut is similar
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism.Sorry to piggyback. Can anyone talk about their experience with Signal payments using mobilecoin? I, too, like OP, am looking for privacy-oriented options for payment. I just noticed it was a thing, last night, as I was exploring my Signal settings. Might be helpful to others. Dunno anything about it because I haven't tried it. Thanks!
https://support.signal.org/hc/en-us/articles/360057625692-In-app-Payments#payments_which_ones
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Revolut is similar
It recently was in the news for refusing to work on degoogled mobile OSes, and the website is not fully-functional compared to the app.
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If you pay with a third party, your data goes to them and whoever is providing the account behind it. So if you have your credit card in PayPal, your data goes to PayPal, the credit card provider, and your bank. If you use the credit card directly, it's just the CC provider and your bank.
The tradeoff is you will be giving the merchant your cc info instead, which is not really a good idea if you are dealing with one off transactions as that data is a way weaker link and have more dire consequences when compromised. When it comes to money, someone will always get your info, it's just a matter of choosing who you want to give it to.
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Sorry to piggyback. Can anyone talk about their experience with Signal payments using mobilecoin? I, too, like OP, am looking for privacy-oriented options for payment. I just noticed it was a thing, last night, as I was exploring my Signal settings. Might be helpful to others. Dunno anything about it because I haven't tried it. Thanks!
https://support.signal.org/hc/en-us/articles/360057625692-In-app-Payments#payments_which_ones
I always wondered how to use it. How to put Money in and out of the Wallet. I would recommend creating a new post as I am very interested too.
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I've been using their service for years and I advocate it whenever I can. You link their service to a bank account and then generate throw away credit card numbers which one used deduct the balance directly from your checking account.
You can set spending limits on the virtual cards, you can make them one time use only, and you can make them lock themselves to a vendor so even if someone steals that credit card number they can't use it.
I very highly recommend using their service to protect yourself using online payment systems.
if so facto, ...
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if so facto, ...
Speech to text.
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unfortunately they are only available in the US
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Hi,
nowadays a lot of places online only accept payment via one of the three options mentioned. Privacy wise, which is my best option? My thread model is mainly based on surveillance capitalism.I actually went with Revolut as my Bank, using their virtual credit cards for online payment - they offer a virtual one-time CC as well which details reset after each succesfull transaction. Thow way there's at least no 3rd party besides CC provider and my bank snooping on my transactions.
