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Originally Posted by shimmy
I cancelled my paxum account since they sell your information to direct marketers and they wouldn't let me use a po box. I don't need more junk mail at home.
From their privacy policy "We may enter into arrangements with non-affiliated parties, such as financial service providers, lenders, insurance providers and agencies, card issuers, retailers and direct marketers, in order to provide you with special offers that we believe may be of value to you. "
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That part of the TOS is a result of lawyer requirements. We had to add it in order to make sure that we cannot come under fire during the normal course of our operations. For instance, when we print the cards, the name and address will go to the printing company, which we have an agreement with. With our TOS like this, we don't have to ask for each individual clients consent in order to send their card to the printer, or for each of their check withdrawals. The other parts that we do not use are part of the standard formula that we were advised to use.
We have never provided any name or address to any other company for marketing or sales purposes. We are very keen on maintaining a high level of privacy, and we share info on a need-to-know basis.
Many people here use our service, and if we would sell the info, it would have been brought to everyone's attention long ago. Nobody can claim that we sold any info, simply because we didn't.
As for the PO boxes, it is a bank rule and is unrelated to any of the above. Sending the card to the actual address is one of the banking KYC rules.