There is no privacy-focused PayPal alternative in the US, in part because US money transfer laws and policies (e.g. Know Your Customer) directly oppose privacy.
However, there are a couple of new projects that might eventually lead to something less bad for privacy than PayPal is:
GNU Taler, if they ever get any exchanges, and they either figure out how to mitigate the high fees for wire transfers or use some other settlement method when people on different exchanges make small payments. (Their plan to use batch wire transfers won't help until the exchanges get a lot of adoption and frequent use. Of course, high fees discourage adoption and use, so this might not ever happen.)
FedNow, if banks ever use it to offer appealing person-to-person payment services instead of just using it for themselves and their business customers.
Cryptocurrencies are not reliably fungible, nor stable, nor widely accepted. They have their uses, but they are not suitable replacements for PayPal and not what OP asked for.
Monero is fungible and especially when using the one-year moving average is quite stable. The variance on either side of the moving average is about 15% and that will decrease as adoption occurs. I run a small store where I sell products for Monero at stable prices for three months in a row by using the moving average as my price point.
If your looking to move money from a bank to someone else's bank, I don't think you can expect to have much privacy in that from the parties actually making the transfer happen?
You can create virtual cards linked to your bank account and the transaction data is masked when processed by you bank. All my bank transactions show up as NSA Gift Shop. My bank doesn't know where I'm spending my money. Yes you have to trust privacy.com...
Monero is the only privacy digital cash equivalent I'm aware of. There are a limited number of vendors who will accept it, and any of your friends who you can convince to take monero will also accept it
Here's a list of known services that accept it. Things like VPNs, web hosting, email hosting, game hosting, internet services basically
Any of the other payment systems, the bank systems like zelle, PayPal, etc ... They all have the problem of introducing a third party into your transactions. Who will then almost certainly sell your data
If your use case is illegal and requires anonymity, digital money transactions are dangerous due to the US law requirements, even if the system is FOSS. Use cash or cryptocurrency with good opsec in such cases.
There is no privacy-focused PayPal alternative in the US, in part because US money transfer laws and policies (e.g. Know Your Customer) directly oppose privacy.
However, there are a couple of new projects that might eventually lead to something less bad for privacy than PayPal is:
Monero as the current fiat system becomes more and more untenable and people look for a solution not controlled by governments.
Cryptocurrencies are not reliably fungible, nor stable, nor widely accepted. They have their uses, but they are not suitable replacements for PayPal and not what OP asked for.
Monero is fungible and especially when using the one-year moving average is quite stable. The variance on either side of the moving average is about 15% and that will decrease as adoption occurs. I run a small store where I sell products for Monero at stable prices for three months in a row by using the moving average as my price point.
Taler looks like a cool project.
Thanks for the input
Cash or Crypto is about all I can think of..
If your looking to move money from a bank to someone else's bank, I don't think you can expect to have much privacy in that from the parties actually making the transfer happen?
I'm more looking to keep legal transaction data private in the sense of not being shared or sold. If that's even possible ever-the-more.
Best option I can think of is privacy.com
You can create virtual cards linked to your bank account and the transaction data is masked when processed by you bank. All my bank transactions show up as NSA Gift Shop. My bank doesn't know where I'm spending my money. Yes you have to trust privacy.com...
Yeah i guess it's too much to ask for open source for this. Privacy.com actually looks like a good option. I will check it out. Thank you.
What about just wire transfer? Everything goes through your bank anyway. That’s what I’ve replaced PayPal with a while ago.
Thanks! That had not occured to me. The purchases i would use it for would generally be small amounts, so i wonder if that would be feasible.
Never heard of Rossman... looks like an interesting thing he's got going. Thx
Monero?
This
https://www.privacyguides.org/en/advanced/payments/
Monero is the only privacy digital cash equivalent I'm aware of. There are a limited number of vendors who will accept it, and any of your friends who you can convince to take monero will also accept it
https://kycnot.me/?t=service
Here's a list of known services that accept it. Things like VPNs, web hosting, email hosting, game hosting, internet services basically
Any of the other payment systems, the bank systems like zelle, PayPal, etc ... They all have the problem of introducing a third party into your transactions. Who will then almost certainly sell your data
Thanks for those links.
You can also use monero (and other cryptocurrencies) with gift cards.
If your use case is illegal and requires anonymity, digital money transactions are dangerous due to the US law requirements, even if the system is FOSS. Use cash or cryptocurrency with good opsec in such cases.
PayPal recently announced it’ll start selling customer information.
The barstards
Oh
Nothing illegal, just good consumer privacy practice.
Ok then sorry for suspecting.
No prob. : )
If money is involved there's most likely KYC so... no?
And that's okay. Just looking to break with the enshitification movement.