8 COMMENTS

  1. I posted this as a supporter of Dan Bongino’s. “I like the idea behind Parallel Economy but very concerned about Jeffrey Wernick, an major AirBnB and Uber investor involvement. I quit AirBnB a few years back when after eight years of hosting five properties they asked for a copy of my passport to verify my identity and at the time they would accept nothing else. They amended their ID policy back in October 2020 to include other means of id, but the remaining scariest part is they retain copies of all ID’s FOREVER and they share it with Facebook and Google whether or not you have an account with either.” I simple want an answer and I cannot find whether or not my data will be shared and with whom. P.E. is asking for sensitive information, as do all other payment sites I use but found too late that the information I gave is being shared across joint owned/linked platforms, for example; Square to Facebook to Instagram. What kind of guarantee or assurance, if any, does Parallel Economy offer? Also if they seriously want to compete with the big guys they are going to have eliminate the monthly fee and early termination fee.

    • Terri,

      These are all great points! It would be great to get Dan Bongino to comment on if they share data with any other companies. Another good question would be how they secure the data they collect. If I hear Dan remark on either of those things (or any other related matter) I’ll update the article.

      Thank you so much for your feedback!

  2. I second those comments to the letter. Hopefully Dan will read the comments and address them. I’m also concerned as to what P.E. would be willing to turn over to the government if asked for client data and would it at least entertain a challenge to that kind of request from the feds.

    • Great questions, Nelson! I don’t know if Dan reads the comments section here, but if he ever does address those issues, I’ll be sure to update the article. I hope you have a wonderful day!

  3. I own a small retail store. I would definitely jump ship and use this for credit card transactions. But I need to know if and how it works with credit card readers, and if a card reader is available.

    • Kysa, great question! I just checked the FAQ, and it says the following about card readers:

      What equipment will I need?

      The Parallel Economy and our partners can provide a credit card processing terminal that is EMV and NFC capable to accept face to face and/or mobile payments like Apple Pay and Samsung Pay. This terminal will work with our software to be able to process in person payments. You won’t need any additional hardware.

      Here’s a link to the FAQ:
      https://www.paralleleconomy.com/faq/

      I hope this helps!

    • Bob,

      I’m sorry, but it appears that I didn’t get your initial question. We recently did a refresh to the website so that we could add a business directory. When the update went live, it may have overwritten your question. I’m terribly sorry for the confusion, but if you could ask the question one more time, I will definitely answer it for you.

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