4 ms·
So in essence the merchant pays with my data?
by baxtr 2y ago
So in essence the merchant pays with my data?
- bredren 2y agoYes, though people also welcome the extra cash back or other card benefits. Apple Card does not sell this data, IIRC. But offers a lower cash back than many other cards.
- Terretta 2y agoTrue, while Google sees roughly 85% of all American cardholder swipes and doesn't need to sell it since they're making the ad market...
- fragmede 2y ago> while Google sees roughly 85% of all American cardholder swipe I'm probably not reading this properly, can you say that a different way?
- deleted 2y ago[deleted]
- yolovoe 2y agoGoogle buys transaction data from credit card companies (Visa, Mastercard, etc). They almost certainly know what you spend money on
- cluckindan 2y agoFor every 20 Americans with a credit card, 17 have all their purchases sent to Google.
- andrepd 2y agoHow on earth is this legal
- actionfromafar 2y agoCorporations are people, too.
- gruez 2y agoOr phrased less inflammatory manner: "Corporations can enter into contracts and engage in legal action just like people can". Even the much maligned Citizens United v. FEC basically boils down to "groups of people (corporations or labor unions) don't lose first amendment protections just because they decided to group up".
- thatsbogus 2y agoExcept not everyone in a corporation has the right to speech. I'm prohibited by my employer to say anything on the company's behalf, but the C-suite and board are able to speak on my behalf. So, the company's leadership has a right to free speech, I don't.
- gruez 2y ago>Except not everyone in a corporation has the right to speech. I'm prohibited by my employer to say anything on the company's behalf, Yeah, that's how organizations typically work? You might have "freedom of movement", but that doesn't mean you can work in your CEO's office. Organizations also limit who has access to its bank accounts, but that doesn't mean it's suddenly illegitimate for companies to engage in transactions.
- gnkyfrg 2y ago[dead]
- otterley 2y agoYou still have that right; you simply entered into a voluntary agreement with your employer not to exercise it in exchange for money. Happens all the time.
- liontwist 2y agoThis is the real reason why they can afford to give you cash back.
- conductr 2y agoIn theory you’re already paying the merchant fee in the “price”. So merchant found a way to improve margins and credit card companies found a new revenue source