Hacker News new | past | comments | ask | show | jobs | submit login

> What processing companies are available to use that don't sell your transaction data by default?

Thankfully merchants are generally opaque in terms of the metadata provided to the payment processors. I for one am thankful my card statements have "Amazon purchase" instead of the specific item purchased, for instance.




I anticipate more and more merchants to use Level 3 data (or be forced to use it):

https://tidalcommerce.com/learn/what-is-level-3-data/

I know staples.com, many hotel chains, and airlines already use this.


I would be surprised if especially large merchants (like Amazon or Walmart) would submit to this as they I would imagine they have massive bargaining power when it comes to transaction fees and would gain little in sharing that data with the payment processor.

I could see companies whose lines of business tend to have higher fraud rates take advantage of providing more data in exchange for cheaper fees.


There may be more data associated with your transaction than just what you see on the statement.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: