Is PayPal the New Wells Fargo?

Photo: 1879 Wells Fargo Stagecoach on exhibit in the Wells Fargo Museum in Phoenix.

Trust and honesty are hallmarks of building fans of a company, product, or idea. When a company breaks its customers’ trust, it takes a very long time to earn it back.


Last week I received an email from PayPal telling me that they will be sending me, without my permission, a PayPal branded Mastercard unless I use my valuable time to opt out. Signing people up for accounts without their permission is exactly what Wells Fargo did and it destroyed consumer trust in the company.


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Published on November 11, 2019 07:30
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