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Having worked in the financial industry I am not surprised. You have to share a huge amount of PII just to process a transaction. The more you share the lower y
by throwaway2016a 9y ago
Having worked in the financial industry I am not surprised. You have to share a huge amount of PII just to process a transaction. The more you share the lower your fees per transaction which for a company like Paypal can mean mi(bi)llions.
The assumption is, the more data the less likely it is fraud and therefor the less likely there will be chargebacks.
Most of these are banks, customer service, and fraud prevention companies.
It's also worth noting that this list is of all the companies Paypal MAY share your data with. If you never opened a credit card in Germany and used it on Paypal it is unlikely to hit the German processor, for instance.