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From the "Security and Protection" sub page[1]. > What you buy is your business. Your transactions are confidential—and aren't shared to your Newsfeed—unless y

From the "Security and Protection" sub page[1]. > What you buy is your business. Your transactions are confidential—and aren't shared to your Newsfeed—unless you choose to share them. So yeah. Confidentiality is defined as "not shared on your Newsfeed". Safe to assume Facebook is going to milk this data for all it's worth. There are also some other whoppers: > If there is an unauthorized Facebook Pay transaction on your account, customer support is always ready to help. Reach out via email 24 hours a day. All I can say is: I'll believe it when I see it. [1] https://pay.facebook.com/ca/security-and-protection/ https://pay.facebook.com/ca/security-and-protection/

civilized 5y ago
They promise they won't force-publish your payments to your news feed. So generous!
- callmeal 5y ago
  Only long enough for an accidental-on-purpose bug to expose them anyway. Either that, or a new setting that defaults to on.
ceejayoz 5y ago
> ... customer support is always ready to help... ... with a canned response saying "sorry, nothing we can do!" From the FAQ: > Is there Purchase Protection for online shopping? > Purchases made through third-party sites, local pickups, Messenger transactions, or through other messaging services don't qualify for Purchase Protection. Learn more about how Purchase Protection works on Facebook.
deleted 5y ago
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rootusrootus 5y ago
> Safe to assume Facebook is going to milk this data for all it's worth. I'm no Facebook fan, but let's be honest. Your bank, credit card company, and merchants are all doing exactly the same thing. Perhaps the bank is regulated tightly enough that it isn't quite as bad, but the others definitely are.
- monkeybutton 5y ago
  Every single store that asks if you want a digital receipt in lieu of paper, is doing this. Every single store that gives you coupons in exchange for your your email, is doing this.
- makeitdouble 5y ago
  To note, credit card companies are open about this in the contracts you sign, and it’s their core business model so there is no possible surprise element.
- rndphs 5y ago
  Yeah but Facebook is primarily an advertising company, and one of the biggest advertising companies at that. They can much better leverage this data and milk it to a much greater extent. People aren't going to your bank or credit card company in order to buy ads targetting you.
  - drivebycomment 5y ago
    > People aren't going to your bank or credit card company in order to buy ads targetting you. But they do ? https://www.aclu.org/blog/privacy-technology/consumer-privacy/why-dont-we-have-more-privacy-when-we-use-credit-card https://www.aclu.org/blog/privacy-technology/consumer-privac... > In 1999, Congress passed the Gramm-Leach-Bliley Act (GLB). ... > Under GLB, companies can sell their customers’ financial data to anyone they choose, including credit card information such as the date, amount, and recipient of charges, and the personal details consumers provide when they fill out applications. Consumers have no privacy under federal regulations unless they affirmatively take steps to “opt out” of this sharing, repeating the process for each and every financial service provider who may have data about them. ... > Even this opt-out option is not available for consumers to stop credit card companies and issuing banks from sharing this data with their financial affiliates and financial “joint marketers,” a vaguely defined term that provides a giant loophole in privacy protections. PS. Just to make sure - I'm not trying to defend Facebook here, or credit card companies.
  - monkeybutton 5y ago
smsm42 5y ago
Wait, so their solution to fraud is "send us an email and pray something happens"? Neat. If I could trust this thing less I would, but the word "Facebook" in the name already pegs it at zero, so... Hard pass. And about storage, ok, read this: Anti-fraud technology monitors purchases on our systems to detect unauthorized activity. Your payment method is not shared with buyers, sellers, or merchants without your consent, and is stored separately from your account data. And tell me it doesn't say all payment data is stored on FB servers and mined by all their algorithms.

civilized 5y ago

They promise they won't force-publish your payments to your news feed. So generous!

callmeal 5y ago
Only long enough for an accidental-on-purpose bug to expose them anyway. Either that, or a new setting that defaults to on.

ceejayoz 5y ago

> ... customer support is always ready to help... ... with a canned response saying "sorry, nothing we can do!" From the FAQ: > Is there Purchase Protection for online shopping? > Purchases made through third-party sites, local pickups, Messenger transactions, or through other messaging services don't qualify for Purchase Protection. Learn more about how Purchase Protection works on Facebook.

deleted 5y ago

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rootusrootus 5y ago

> Safe to assume Facebook is going to milk this data for all it's worth. I'm no Facebook fan, but let's be honest. Your bank, credit card company, and merchants are all doing exactly the same thing. Perhaps the bank is regulated tightly enough that it isn't quite as bad, but the others definitely are.

monkeybutton 5y ago
Every single store that asks if you want a digital receipt in lieu of paper, is doing this. Every single store that gives you coupons in exchange for your your email, is doing this.
makeitdouble 5y ago
To note, credit card companies are open about this in the contracts you sign, and it’s their core business model so there is no possible surprise element.
rndphs 5y ago
Yeah but Facebook is primarily an advertising company, and one of the biggest advertising companies at that. They can much better leverage this data and milk it to a much greater extent. People aren't going to your bank or credit card company in order to buy ads targetting you.
- drivebycomment 5y ago
  > People aren't going to your bank or credit card company in order to buy ads targetting you. But they do ? https://www.aclu.org/blog/privacy-technology/consumer-privacy/why-dont-we-have-more-privacy-when-we-use-credit-card https://www.aclu.org/blog/privacy-technology/consumer-privac... > In 1999, Congress passed the Gramm-Leach-Bliley Act (GLB). ... > Under GLB, companies can sell their customers’ financial data to anyone they choose, including credit card information such as the date, amount, and recipient of charges, and the personal details consumers provide when they fill out applications. Consumers have no privacy under federal regulations unless they affirmatively take steps to “opt out” of this sharing, repeating the process for each and every financial service provider who may have data about them. ... > Even this opt-out option is not available for consumers to stop credit card companies and issuing banks from sharing this data with their financial affiliates and financial “joint marketers,” a vaguely defined term that provides a giant loophole in privacy protections. PS. Just to make sure - I'm not trying to defend Facebook here, or credit card companies.
- monkeybutton 5y ago

smsm42 5y ago

Wait, so their solution to fraud is "send us an email and pray something happens"? Neat. If I could trust this thing less I would, but the word "Facebook" in the name already pegs it at zero, so... Hard pass. And about storage, ok, read this: Anti-fraud technology monitors purchases on our systems to detect unauthorized activity. Your payment method is not shared with buyers, sellers, or merchants without your consent, and is stored separately from your account data. And tell me it doesn't say all payment data is stored on FB servers and mined by all their algorithms.