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Privacy United Kingdom Your Rights Online

How To Protect Your Privacy and Make Money 123

itwbennett writes "You have precious personal information; marketers are willing to pay good money for it; and now there are services to broker the deal. London-based Allow Ltd., for example, negotiates with marketers on your behalf and cuts you in on the deal. One Allow customer, Giles Sequeira, made a whopping $10 for letting a single credit card company know that he's in the market for new plastic. In the US, a company called Personal is starting a similar pay-for-data service, and you can hop on its waiting list now." Anyone selling bridges?
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How To Protect Your Privacy and Make Money

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  • by Auroch ( 1403671 ) on Tuesday March 01, 2011 @07:32PM (#35352660)

    Considering I have never paid a late fee or interest on a credit card since college, please tell me how they do that. I always pay it off every two weeks and spend the rewards when I get X amount. How are they making money?

    My real interest is because if this does make them money I will probably stop doing it. My biggest reason besides the rewards for doing this is to hurt these banks.

    You mean, the fact that there is a hidden cost of using a credit card built into your daily life doesn't bother you? Of course, you don't see the price increase, the merchants build it in. Generally speaking, you can get a cash discounted price at a mom and pop store for simply paying debit or cash - because then they don't pay the CC company and the related merchant fees.

    So, yeah, I guess just so long as you don't actually *see* the increased cost, it won't bother you. And for big-box stores, those prices are part-and-parcel of their merch, so abstaining from using a CC may not help you there ... but if you're okay promoting the practice, then keep on plastic-ing.

Always leave room to add an explanation if it doesn't work out.