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Message 49 of 78
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It's NOT quite that simple
Actually, the credit card company doesn't get nearly as much information as you think.

As @regnart already pointed out, all the payment processor knows is the same information you see on your statement: where you made a purchase, and how much you paid. They don't know what you're buying (of course, if you're buying from an on-line bookseller, like Baen Books, it's pretty obvious that you're buying a book, but not which one).

The seller has a lot more information. If you use a "loyalty card" at the grocery store, the grocery chain collects information on the individual items you buy, as well as the time of day, location, etc. Just as I buy my books from many different vendors (so that no one vendor has a complete picture of my reading), I buy my groceries from several different chains.

But, at least today, the detailed information about specific items you purchase never makes it to any central repository.
Posted by MikeMJ
8th Dec