Last update: November 9, 2016. This update replaces references to the US-EU Safe Harbor under "Location" below with a reference to the model clauses.
WePay collects three types of information: information that Users intentionally provide to WePay or the Platform, information about Users that third parties provide to WePay or the Platform to augment or verify that information, and information automatically provided by Users as they interact with the WePay or Platform website. Information that can be used to identify, contact, or locate a User is "personally identifiable information." Automatically provided information that uniquely identifies a device or browser is not personally identifiable information, unless it is linked to a particular User.
User Provided Information
Users either accept payments as "Merchants" or make payments as "Payers." A Merchant must provide the Merchant's name, email address, a self-selected password, street address, telephone number, tax identification number, merchant category code, date of birth (if a natural person), and bank account information. A Merchant may provide additional information, such as a link to its website or social media account, in order to accelerate account activation and qualify for faster disbursement of funds.
A Payer who is paying with a credit or debit card must provide the Payer's name, card number, expiration date, CVV code, country, and zip code. A Payer who is paying by ACH or EFT must provide the Payer's name and bank account information.
Merchants or Payers may voluntarily provide additional information to WePay or the Platform, for example, when seeking customer support or in response to surveys or other inquiries.
Third-Party Provided Information
WePay or the Platform may obtain information about Users from third parties, such as identity verification services, credit reporting services, and social networks such as Facebook or LinkedIn. The Platform may provide WePay with additional information, such as the User's transactional history on the Platform.
Automatically Provided Information
WePay or the Platform may automatically record certain information about or related to your use of the Services and the Platform that is made available through your computer. Three such technologies are described below.
Cookies - WePay or the Platform collects certain information from the User's browser using small data files called "cookies." For example, WePay or the Platform may use session cookies to help recognize a User who visits multiple website pages during the same session, so that the User does not have to enter a password to access each page. Session cookies terminate once the User closes the browser. By default, WePay or the Platform also uses persistent cookies to collect, store, and track information. For example, WePay or the Platform uses persistent cookies to store the User's login ID (but not the User's password) to make it easier for the User to login when the User returns to the website. We encode our cookies so that only we can interpret the information stored in them. You can remove or block persistent cookies using the settings in your browser, but this may limit your ability to use our Services.
Clear GIFs and Web Beacons - WePay or the Platform may employ a software technology, called clear gifs or web beacons, that helps us better manage content on the WePay or Platform website, and in WePay or Platform emails, by informing us what content is effective. Clear gifs are tiny graphics with a unique identifier, similar in function to cookies, and are used to track the online movements of Web users. In contrast to cookies, which are stored on a User's computer hard drive, clear gifs are embedded invisibly on Web pages and are about the size of the period at the end of this sentence.
"Do Not Track" Disclosure
We collect and store certain information about you. This information may be provided directly by you, a platform partner, or WePay may collect it based on your use of the website.
Use of Information Obtained by WePay
WePay uses User information primarily in order to develop, operate, support, maintain, enhance and provide the Services. WePay uses User information to process payment transactions; to provide receipts and reports; to resolve disputes, collect fees, and troubleshoot problems; to customize, measure, and improve the Services; and to enforce our agreements with Platforms and our Terms of Service and Merchant Agreement with Users.
WePay also uses User information to detect and prevent fraud and other potentially illegal activities. WePay may combine User information with information from other sources using proprietary algorithms to calculate a measure of the risk that a particular User or transaction is fraudulent ("Risk Score").
WePay uses User information for our administrative and operational purposes. WePay or the Platform may notify you of changes in the Services, or may solicit your feedback, or may conduct market research, or may send you promotional materials. To unsubscribe from promotional emails, click the "unsubscribe" link in the email.
WePay uses information collected about you in order to meet legal obligations and provide a better service.
Sharing of Information with Third Parties
A WePay Risk Score is not personally identifiable information, and WePay may share it (and other similar information generated by WePay) with Platforms or other third parties. WePay claims ownership of Risk Scores and similar analytical results that we generate using User information, whether alone or in combination with other information. WePay may use, disclose, or sell Risk Scores in WePay's sole discretion.
WePay may share User information with law enforcement, government officials, or other third parties in the event of a subpoena, court order or similar legal procedure, or when WePay believes in good faith that the disclosure of User information is necessary or advisable to report suspected illegal activity, or to protect WePay's property or legal rights (including, but not limited to, enforcement of WePay's Terms of Service, Merchant Agreement, and other agreements) or the property or rights of others, or otherwise to help protect the safety or security of the Services.
We will share personally identifiable information with third parties only to best provide WePay's services and in special situations, such as legal investigations and merger. We may also share non-identifiable information with third parties that help us prevent fraud and analyze website activity.
WePay has implemented physical, technical, and procedural safeguards to protect User information from unauthorized access, disclosure, alteration, or destruction. WePay uses computer safeguards such as firewalls and data encryption, and authorizes access to personally identifiable information only for those employees, contractors, and agents who require it to fulfill their job responsibilities.
WePay takes additional care to protect User information, such as credit card or bank account numbers, if disclosure of the particular type of User information could cause direct financial loss. WePay encrypts such information and transmits it under Secure Socket Layer (SSL).
WePay has taken a number of steps in order to become an extremely secure service.
In relation to transfers of User information from WePay Payments Ltd. (in the UK) to WePay, Inc. (in the United States), WePay has put in place measures, including standard model clauses, to ensure an adequate level of protection for the rights and freedoms of individuals in relation to the processing of their personal data, as required by European data protection laws.
When WePay stores data on servers in the United States or other jurisdictions, that data is subject to the laws of those jurisdictions.
Accessing and Updating User Information
You can update or delete certain User information through WePay or the Platform. WePay reserves the right to keep copies of User information for backups, analytics, or to fulfill legal obligations.
It's easy to change your user information.
The Services are not intended for children. We ask that minors (persons under the age of 18) do not submit any personal information to us or use the Services.
You may only use WePay if you are 18 years old or older.