In the last few weeks, many (if not most) personal finance bloggers have been encouraging people to join Revolution MoneyExchange (a service akin to PayPal) through referral links. The referrer gets $10 and the person creating the new account gets $25, so it seems like a good deal. If you like the blogger who referred you, presumably you’re happy to help them earn $10 for something that also makes you money.
INFORMATION WE COLLECT
We collect information about you from the following sources:
- Information we receive from you, including information on applications or other forms, such as your name, address, social security number, assets and income;
- Information about your transactions with us, our affiliates, or others, such as your account balance, transaction and payment history, parties to transactions, and credit card usage; and
- Information we receive from a consumer reporting agency, such as your creditworthiness and credit history.
INFORMATION WE DISCLOSE
We may disclose all of the information that we collect, as described above. You may opt out of the disclosure of such information, other than as permitted by law.
PayPal will not sell or rent any of your personal information to third parties in the normal course of doing business and only shares your personal information with third parties as described in this policy.
Basically, it’s the opposite of what Revolution MoneyExchange says.
I realize that it’s most likely Revolution MoneyExchange doesn’t intend to do anything different from PayPal and will protect its customers’ personal information in much the same way, using it for marketing purposes only (and of course, to perform the services it’s designed to perform). I just don’t like it when a company gives itself more wiggle room in certain areas than it really needs. The risk to my privacy and personal information isn’t worth $25.