Is there no limit to Amazon's spying?
If you use a Payment service provider (PSPP) perhaps to recieve Amazon payments in other currencies, then this is deeply troubling.
I used Wise (Transferwise) to recieve USD payments and initially there was an issue because Amazon wanted access to look at ‘a limited number of transactions’ in your bank account. Wise said no, so Amazon wouldn’t approve them as a PSPP for new users.
I’ve just today been informed by Wise that they are now an approved PSPP, which is good news. What’s not so good is some of the finer details. This is part of what the email from Wise says…
"The PSPP is designed to enhance Amazon’s ability to detect, prevent and take action against bad actors so Amazon and participating PSPs can continue to protect customers and sellers from fraud and abuse.
As part of the program, we’ll share with Amazon some details about your Wise account and any external bank accounts linked to it."
The most worrying part is that last bit. Amazon aren’t just going to have access to details of your Wise account but also other bank accounts linked to it. I’d be interested to know under what circumstances Wise will share personal details with Amazon. Will they ask Amazon for proof of actual fraud or will they just take Amazon’s word for it?
Wise do include a link to their priavcy policy which is in numerous languges except English (which seems very bizzare for a UK based company).
Since I can’t read their privacy policy and since one of the biggest "bad actors" is Amazon themsleves, I will be removing my Wise account details before the deadline. The last thing I want is prospect of Amazon snooping into bank accounts, which are quite frankly none of their business.
And before they start snooping into other people’s bank accounts, they ought to start with the low hanging fruit on their own website. There is plenty of fraud going on right under their noses which they are quite happy to do nothing about.
Is there no limit to Amazon's spying?
If you use a Payment service provider (PSPP) perhaps to recieve Amazon payments in other currencies, then this is deeply troubling.
I used Wise (Transferwise) to recieve USD payments and initially there was an issue because Amazon wanted access to look at ‘a limited number of transactions’ in your bank account. Wise said no, so Amazon wouldn’t approve them as a PSPP for new users.
I’ve just today been informed by Wise that they are now an approved PSPP, which is good news. What’s not so good is some of the finer details. This is part of what the email from Wise says…
"The PSPP is designed to enhance Amazon’s ability to detect, prevent and take action against bad actors so Amazon and participating PSPs can continue to protect customers and sellers from fraud and abuse.
As part of the program, we’ll share with Amazon some details about your Wise account and any external bank accounts linked to it."
The most worrying part is that last bit. Amazon aren’t just going to have access to details of your Wise account but also other bank accounts linked to it. I’d be interested to know under what circumstances Wise will share personal details with Amazon. Will they ask Amazon for proof of actual fraud or will they just take Amazon’s word for it?
Wise do include a link to their priavcy policy which is in numerous languges except English (which seems very bizzare for a UK based company).
Since I can’t read their privacy policy and since one of the biggest "bad actors" is Amazon themsleves, I will be removing my Wise account details before the deadline. The last thing I want is prospect of Amazon snooping into bank accounts, which are quite frankly none of their business.
And before they start snooping into other people’s bank accounts, they ought to start with the low hanging fruit on their own website. There is plenty of fraud going on right under their noses which they are quite happy to do nothing about.
35 replies
Seller_YNdZNMqKzZNE6
It is understandable that you are concerned about the information sharing that is part of the Payment Service Provider Program (PSPP) between Wise and Amazon. As a trusted service provider, Wise has an obligation to comply with anti-fraud regulations and may need to share information with Amazon as part of their participation in the program. However, it is important to note that Wise and other PSPPs are required to comply with applicable data protection laws and regulations, including the EU General Data Protection Regulation (GDPR) and the UK Data Protection Act.
Wise’s privacy policy should provide more detailed information on what data they collect, how it is used and who it may be shared with, including Amazon. It is advisable to read through the privacy policy to understand the extent of data sharing between Wise and Amazon before making any decision.
If you are uncomfortable with sharing your bank account information with Amazon, you may consider removing your Wise account details before the deadline. However, you may want to explore other payment service providers that are approved by Amazon for receiving payments in other currencies.
Regarding the issue of fraud on Amazon’s website, it is important to report any suspected fraudulent activity to Amazon so that they can investigate and take appropriate action. Amazon takes fraud prevention seriously and has mechanisms in place to identify and prevent fraudulent activity on their platform.
Seller_lljyzgTxr5fgI
I’ve never understood this need for “anybody” to have access to a person or business’s bank account. Why? The credit checking systems in this country are perfectly robust enough; there is enough data held to sink a battleship. It isn’t necessary to view anybody’s bank account.
Seller_Vb7VBx6mzvdLs
If a listing smells like it was written by ChatGPT, I am not buying the product. Please if you want to sell me something, at the very least get a humanoid to do it. Sorry for the offtopic.
Seller_Fr07KHzSgLEq7
i would like clarification to the statement " ***we’ll share with Amazon some details about your Wise account and any external bank accounts linked to it."
does that mean external bank accounts owned by seller (ie Barclays etc), , or other bank accounts the seller sends money to.
in other words, just to be clear.
same company accounts, with other banks, or 3rd party (other company accounts), that are know as recipients.
