Is Honey worth the risk?

There’s the general issue of privacy in the savings game – or really, in the Internet game – and then there’s the details.

This article, which I urge you to read, details the possible risks that Honey represents, as well as a few other commerce apps and extensions.

From the article:

Coupon and cashback sites make a commission from your purchases with them, which means selling your data is hardly necessary to stay afloat.

When a Reddit post went up that attacked Honey, claiming the plugin “sends data about the sites you visit to their servers attached to a session ID which can identify all of that data back to you”, the company’s co-founder, George Ruan, jumped on to dispute the claim. Ruan pointed out that the process is the only way of getting a coupon to you at the same time.

“Honey makes money by getting a commission from merchants and then giving a portion of it back to our user as cash back. We DO NOT sell or share your data in any way,” he wrote.

The company makes a pretty strong attempt to prove your data isn’t sold in its terms and conditions:

“We promise not to sell ANY of your personally identifiable data. Ever. We also promise that we do not collect any data that is not necessary to save you time and money. It’s that simple.”

I really want to believe all this, since Honey is such a key component of the toolkit. But as usual, YMMV and your privacy is valuable.

If you use Honey, or you decided against it, leave a comment on why or why not.

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