PayLock respects your privacy and is committed to protecting your personal data. This privacy notice provides information on how we collect, hold, process, share and look after your personal data when you visit our website(s) (regardless of where you visit it from in Africa or in the European Economic Area (EEA)) or use our Services, as set out in our Customer Agreements for Payment Services and Escrow (Customer Agreements). This notice also tells you about your rights and how the law protects you.
This privacy notice is provided in a layered format so you can click through to the specific areas. Please also use the Definitions section to understand the meaning of some of the terms used in this privacy notice.
Important information about this Privacy Notice
This privacy notice is not to be confused with our framework contract for the purposes of payment services as provided by the EU Payment Services Directive which you can find in our legal section on www.PayLock.com. Also our Services and agreements may change depending on the regions we are able to offer our Services so it is important you review our notices, agreements and any policies to ensure you are reading the applicable one to you. We also may supplement this notice with additional notices depending on the sites and services concerned.
PayLock Ltd is the controller and responsible for your personal data (collectively referred to as PayLock, we, us or our in this privacy notice.If you have any questions about this notice or how we handle your personal information, please contact us on firstname.lastname@example.org. PayLock is registered with Data Protection Agency and you have the right to complain to them should you find that we have not satisfactorily processed your personal data in line with this notice, our regulatory obligations or your legal rights.
Who do I contact about this Privacy Notice
Any questions you may have in connection with this notice or if you simply wish to update your preferences or exercise your legal rights you have, you can do so by writing to email@example.com and marking it Data Privacy Preferences. We will ensure our responsible person for data protection will take care of your query as quickly as possible.
Important information and who we are
Purpose of this privacy notice
This privacy notice aims to give you information on how PayLock collects and processes your personal data through your use of this website, including any data you may provide through this website when you sign up to use our Services or to receive our newsletter or you provide your permission for us to market to you about our services or goods/services provided by third parties we work with – this may include rewards we may offer through the use of our Services.
This website is not intended for children and we do not knowingly collect data relating to children.
It is important that you read this privacy notice together with any other privacy notice or fair processing notice we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data.
This privacy notice supplements the other notices and is not intended to override them.
This website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy notice of every website you visit.
The data we collect about you
Personal data, or personal information, means any information about a living individual from which that person can be identified. It does not include data where the identity has been removed (anonymous data).
We may collect, use, store and transfer different kinds of personal data about you when you visit our website(s) or when you register an interest or which are necessary to obtain in order to use our Services.
We have set out in the table below the categories of data subject and types of personal data we may collect, use, store and transfer.
Categories of data subjects
Types of personal data
Company Officers and Secretaries
Customers / Prospective Customers
Affiliates and Suppliers
Professional advisers and consultants
Identity, Profile and Contact information
Financial and transactional information
Usage and Experience information
Marketing and Communications information
More information about the types of personal data
The below information sets out more information about the types of personal data we may collect, use, store and transfer.
Identity, Profile and Contact Data includes first name, middle name, last name, company details and ownership information, username or similar identifier (whether PayLock user created or government issued), password, pin code, title, date of birth, gender, profile pictures or avatars, government ID documents, biometric data, residential or business address, electoral roll and residency information, delivery address, billing address, email address and telephone numbers, social media information about you and your contacts (if you decide connect your social media profile with us), payment details to and from you with other PayLock Users, your interests, preferences, feedback and survey responses. We may collect additional information from or about you from third party sources such as merchants, data providers, financial institutions (including credit and credit information services) where permitted by law in connection with the Services;
Financial and Transaction Data includes bank account, funding instruments, payment card details, information in performing the Services, Identity, Profile and Contact Data, financial account information about you and other PayLock Users, information about and from other financial products you have, details about payments to and from you with another PayLock User, other details of products and services which are linked to payment transactions, funding instruments used to complete transactions;
Usage and Experience Data includes (i) Device Information, Usage Data and Geolocation Information, (ii) details about your interaction with our website(s) and another PayLock User including communications, payments, reviews, customer services communications (iii) other details of products and services which are linked to payment transactions including any description and any pictures you or a PayLock User provide or upload as part of our functionality to safeguard transactions, and(iv) funding instruments used to complete transactions, your experience and behaviour information in interacting with us and our website(s) primarily to improve your experience when using the Services.We will also capture, use and process information you or another PayLock User gives us if contact is made with our customer service team, for example in a case of a complaint or dispute with you and another PayLock User. If you request or participate in optional site features, or request enhanced Services or other elective functionality, we may collect additional information from you. We will provide you with a separate notice at the time of collection, if the use of that personal data differs from the uses disclosed in this notice;
Marketing and Communications Data includes your preferences in receiving marketing from us and our third parties and your communication preferences.
We also collect, use and share Aggregated Data such as statistical or demographic data for any purpose. Aggregated Data may be derived from your personal data but is not considered personal data in law as this data does not directly or indirectly reveal your identity. For example, we may aggregate your Usage Data to calculate the percentage of users accessing a specific website feature. However, if we combine or connect Aggregated Data with your personal data so that it can directly or indirectly identify you, we treat the combined data as personal data which will be used in accordance with this privacy notice.
We do not collect any special categories of personal data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health and genetic data). We do not collect any information about criminal convictions and offences unless we have obtained such information from publicly available third party sources in order to comply with our legal obligations or to share with law enforcement agencies. We may collect, process and use, for the benefit of ensuring the security of the Services we offer at PayLock and to comply with payment services regulations, biometric data which may involve finger-print or facial identification authentication. Where we do so, we always aim to tokenise such information and keep it secure.
If you fail to provide personal data
Where we need to collect personal data by law, or in order to provide the Services to you under the terms of the agreements under the legal section of our website and you fail to provide that data when requested, we may not be able to perform the Services or your experience using the website(s) may not be optimised making our Services more difficult to use. In this case, we may have to cancel, suspend or terminate part or all of the Services offered to you but we will notify you if this is the case at the time.
How your personal data is collected
We use different methods to collect data from and about you including through:
Direct interactions. You may give us your Identity, Profile and Contact Data and Financial and Transaction Data by filling in forms or by corresponding with us by post, phone, email or otherwise. This includes personal data you provide when you:
Use our Services;
Make any enquiries about us or our Services;
Create an account on our website;
Subscribe to our Services, communications or publications;
Request marketing to be sent to you;
Enter a competition, promotion or survey;
Interact with our Customer Services; or
Give us some feedback.
Third parties or publicly available sources. We may receive personal data about you from various third parties and public sources, for example using(i) credit reference agencies, government databases, data analytics and other screening providers to be able to identify you or monitor transactions or verify the goods and/or services subject to any transaction and to comply with our legal obligations or perform the Services to you and other PayLock Users; (ii) third party dispute resolution providers we use or are legally required to deal with; or (iii) other PayLock Users who are party to a transaction with you.
How we use your personal data
We may process your personal data for a variety of reasons that are justified and are allowed under data protection laws in the European Economic Area and Switzerland which forms the legal basis on how we process your personal data. Most commonly, we will use your personal data in the following circumstances:
To operate the website(s) and provide the Services to you and other PayLock Users including:
Send, request, fund and authenticate a payment transaction and payment order (as defined in our Customer Agreements);
Authenticate your access to your account or the funding or release of a payment order;
Communicate with you about the Services, the website(s), or PayLock;
Create an account connection between your account under the Customer Agreements and a third party account, platform or financial institution;
Perform identity and financial standing checks, financial and other risk related enquiries and monitoring, evaluate applications, compare information for accuracy, risk and verification purposes;
To manage our business needs, such as monitoring, analysing, protecting the integrity and improving the Services offered and supplied to you and other PayLock users, and improving the Services and the website(s) performance and functionality. For example we analyse PayLock User behaviour and interaction and perform research about the way you use our website(s) and our Services;
To manage risk and protect you and other PayLock Users from financial crime, for example by verifying your identity, banking, payment and other financial details, products and goods subject to any transaction(s) and helping to detect and prevent financial crime, attacks and abuse of our website(s) and Services;
To comply with our obligations and to enforce the legal agreements relating to the use of our website(s) and the Services, including to comply with all applicable local and international laws and regulations;
For our legitimate interests including:
Allowing us, other third parties and legal enforcement bodies who have a legitimate interest, to enforce the legal agreements relating to our website(s) and our Services;
Manage our everyday business needs, such as managing risk, analysing, monitoring and protecting PayLock, you and other PayLock Users;
Anonymise personal data in order to provide Aggregated Data to third parties, including other businesses and members of the public, as well as for own use, about how, when, and why PayLock Users visit our website(s) or use our Services;
Where it is necessary for ourselves or those of a third party and your interest and fundamental rights not to override such legitimate interests;
Where we need to comply with legal and regulatory obligations.
Generally we do not rely on consent as a legal basis for processing your personal data other than in relation to sending third party direct marketing communications to you via email, post or text message.
We strive to provide you with choices regarding personal data uses, particularly around marketing and advertising. With your permission, we may:
Market to you by delivering marketing materials about PayLock products and Services and any products and services of unaffiliated third party businesses. We may though process personal data to tailor the Services or website experiences to better match our understanding of how you use our Services or match your interests;
Provide you with location-specific offers, services, promotions, search results advertising and other personalised content. We may also use location-specific or geolocation functionality through the Servicesto enhance the security of our website(s) and the Services, including ensuring we are offering the Services in the correct location.
You have the right to withdraw consent to marketing at any time by and free of charge. We will allow you to do this by updating your preference through our website(s) or mobile application or you can contact firstname.lastname@example.org.
Disclosures of your personal data
We may have to share your personal data or other information about you with others in a variety of ways as described in this section. We may share your personal data or other information for the following reasons:
Other members of the PayLock corporate family. We may share your personal data with members of the PayLock family of entities to, among other things, provide the Services you have requested or authorised; to manage risk; to help detect and prevent potentially illegal and fraudulent acts and other violations of our policies and agreements and to help us manage the availability and connectivity of PayLock products, website(s), Services, and communications; With other companies that provide services to us. We share personal data with third-party service providers that perform services and functions at our direction and on our behalf to be able to make available our website(s) and Services. These third-party service providers may also provide you with our Services, verify your identity, assist in processing transactions, send you advertisements for our products and services, provide customer support; to monitor your interactions with our website(s) and other PayLock Users;
With other financial and commercial institutions we have partnered with. We share personal data with other financial institutions that we have partnered with to either jointly create and offer products or service, or to be able to offer our Services. These financial institutions may also use this information to market and offer PayLock-related products, unless you have given consent for other uses or you already have a relationship with such financial or commercial institution;
With other parties to transactions or facilitating our Services, such as other PayLock Users, marketplaces, dispute resolution providers, merchants and other third party service providers or website(s) who have integrated our Services. We may share information with the other PayLock Users you are sending or receiving funds from, and marketplaces, merchants and other third party service providers or website(s) who have integrated PayLock Services you use to pay for goods or services, or independent dispute resolution service providers. This information includes:
Personal data necessary to facilitate the transaction; Personal data to help resolve disputes and detect and prevent fraud; and
Anonymous data and performance analytics to help selected third parties to help them better understand the uses of our Services and help merchants, marketplaces and other third party provides or website(s) who have integrated our Services to help enhance user experience;
With other third parties for our business purposes or as permitted or required by law. We may share information about you with other parties for PayLock’s business purposes or as permitted or required by law, including:
If we need to do so to comply with a law, legal process or regulations;
To law enforcement authorities or other government officials, or other third parties pursuant to a subpoena, a court order or other legal process or requirement applicable to PayLock or PayLock’s corporate family;
If we believe, in our sole discretion, that the disclosure of personal data is necessary or appropriate to prevent physical harm or financial loss or in connection with an investigation of suspected or actual illegal activity;
To protect the vital interests of a person;
With credit agencies and data processors for credit reference checks and anti-fraud and compliance purposes;
To investigate violations of or enforce Customer Agreements or other legal terms applicable to any Services;
To protect our property, Services and legal rights;
To facilitate a purchase or sale of all or part of PayLock’s business;
In connection with related services for purchases made using our Services whether through PayLock directly or through other third parties who have integrated our Services;
To help assess and manage risk and prevent fraud against us, PayLock Users and fraud involving our website(s) or use of our Services, including fraud that occurs at or involves our business partners, strategic ventures, or other individuals, marketplaces, third party websites who have integrated our Services and merchants;
To banking or other financial partners as required;
To companies that we plan to merge with or be acquired by; and
To support our audit, compliance, and corporate governance functions.
With your permission: we will also share your personal data and other information if you authorise an account connection with a third-party account or platform. We require all third parties to respect the security of your personal data and to treat it in accordance with the law.
How do we work with other services and platforms
A significant benefit and innovation of PayLock’s Services is that you can connect our Services and account with a third-party account or platform. For the purposes of this notice, an “account connection” with such a third-party is a connection you authorise or enable between your account and a non-PayLock account, payment instrument, or platform that you lawfully control or own. When you authorise such a connection, PayLock and the third-party will exchange your personal data and other information directly. Examples of account connections include:
Linking your Account to a social media account or social messaging service;
Connecting your account to a third-party data aggregation or financial services company, if you provide such company with your account log-in credentials; or
Using your account to make payments to PayLock or a third party who we work with.
If you choose to create an account connection, we may receive information from the third-party about you and your use of the third-party’s service. For example, if you connect your account to a social media account, we will receive personal data from the social media provider via the account connection.
If you connect your account to other financial accounts, directly or through a third-party service provider, we may have access to your account balance and transactional information, such as purchases and funds transfers. We will use all such information that we receive from a third-party via an account connection in a manner consistent with this notice.
Information that we share with a third-party based on an account connection will be used and disclosed in accordance with the third-party’s privacy practices. Before authorising an account connection, you should review the privacy notice of any third-party that you authorised to have an account connection that will gain access to your Personal Data as part of the account connection. For example, Personal Data that PayPal shares with a third-party account or platform such as a social media account may in turn be shared with certain other parties, including the general public, depending on the account’s or platform’s privacy practices.
We share your personal data within the PayLock Group. This may involve transferring your data outside the European Economic Area (EEA) or Switzerland Also many of our external third parties and our operations are supported by a network of computers, cloud-based servers, and other infrastructure and information technology, including, but not limited to, third-party service providers.
The parties mentioned above may be established in jurisdictions other than your own and outside the EEA and Switzerland. These countries do not always afford an equivalent level of privacy protection. We have taken specific steps, in accordance with EEA data protection law, to protect your personal data through the use of contractual protections.Also if you make transactions with parties outside the EEA or Switzerland or connect with our Services with other platforms, such as social media, marketplaces, merchants outside the EEA or Switzerland, we are required to transfer your personal data with those parties in order to provide the requested services to you.
Whenever we transfer your personal data out of the EEA or Switzerland, we ensure a similar degree of protection is afforded to it by ensuring at least one of the following safeguards is implemented:
We will aim only transfer your personal data to countries that have been deemed to provide an adequate level of protection for personal data by the European Commission unless the Services you have requested from us involves a transfer to such countries that do not provide an adequate level of protection;
Where we use providers or provide Services in the US, we may transfer data to the US. Where we do so, we will ensure that they provide similar protection to personal data shared between the Europe and the US, for example by entering into a Privacy Shield arrangement.
We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors and other third parties who have a business need to know. They will only process your personal data on our instructions and they are subject to a duty of confidentiality.
We have put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.
How long will you use my personal data for?
We will only retain your personal data for as long as necessary to fulfil the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements.
To determine the appropriate retention period for personal data, we consider the amount, nature, and sensitivity of the personal data, the potential risk of harm from unauthorised use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal requirements.
By law we have to keep basic information about our customers (including Contact, Identity, Financial and Transaction Data) for six years after they cease being customers for tax, financial regulatory and other legal purposes.
In some circumstances we may anonymise your personal data (so that it can no longer be associated with you) for research or statistical purposes in which case we may use this information indefinitely without further notice to you.
Your legal rights
Under certain circumstances, you have rights under data protection laws in relation to your personal data. If you wish to exercise any of the rights set out below, please contact us at email@example.com or visit the Support section of our website for more information.
What are my legal rights?
Request access to your personal data (commonly known as a “data subject access request”). This enables you to receive a copy of the personal data we hold about you and to check that we are lawfully processing it.
Request correction of the personal data that we hold about you. This enables you to have any incomplete or inaccurate data we hold about you corrected, though we may need to verify the accuracy of the new data you provide to us.
Request erasure of your personal data. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have successfully exercised your right to object to processing (see below), where we may have processed your information unlawfully or where we are required to erase your personal data to comply with local law. Note, however, that we may not always be able to comply with your request of erasure for specific legal reasons which will be notified to you, if applicable, at the time of your request.
Object to processing of your personal data where we are relying on a legitimate interest (or those of a third party) and there is something about your particular situation which makes you want to object to processing on this ground as you feel it impacts on your fundamental rights and freedoms. You also have the right to object where we are processing your personal data for direct marketing purposes. In some cases, we may demonstrate that we have compelling legitimate grounds to process your information which override your rights and freedoms.
Request restriction of processing of your personal data. This enables you to ask us to suspend the processing of your personal data in the following scenarios: (a) if you want us to establish the data’s accuracy; (b) where our use of the data is unlawful but you do not want us to erase it; (c) where you need us to hold the data even if we no longer require it as you need it to establish, exercise or defend legal claims; or (d) you have objected to our use of your data but we need to verify whether we have overriding legitimate grounds to use it.
Request the transfer of your personal data to you or to a third party. We will provide to you, or a third party you have chosen, your personal data in a structured, commonly used, machine-readable format. Note that this right only applies to automated information which you initially provided consent for us to use or where we used the information to perform a contract with you.
Withdraw consent at any time where we are relying on consent to process your personal data. However, this will not affect the lawfulness of any processing carried out before you withdraw your consent. If you withdraw your consent, we may not be able to provide certain products or services to you. We will advise you if this is the case at the time you withdraw your consent.
No fee usually required
You will not have to pay a fee to access your personal data (or to exercise any of the other rights). However, we may charge a reasonable fee if your request is clearly unfounded, repetitive or excessive. Alternatively, we may refuse to comply with your request in these circumstances.
What we may need from you
We may need to request specific information from you to help us confirm your identity and ensure your right to access your personal data (or to exercise any of your other rights). This is a security measure to ensure that personal data is not disclosed to any person who has no right to receive it. We may also contact you to ask you for further information in relation to your request to speed up our response.
Time limit to respond
We try to respond to all legitimate requests within one month. Occasionally it may take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated.
Can children use our Services?
The website(s) and Services are not directed to children under the age of 18. We do not knowingly collect information, including personal data, from children or other individuals who are not legally able to use our website(s) and Services. If we obtain actual knowledge that we have collected personal data from a child under the age of 18, we will promptly delete it, unless we are legally obligated to retain such data. Contact us if you believe that we have mistakenly or unintentionally collected information from a child under the age of majority.
Changes to this Privacy Notice
We may revise this Privacy Notice from time to time to reflect changes to our business, the website(s) or Services, or applicable laws. The revised Privacy Notice will be effective as of the published effective date.
If the revised version includes a substantial change, we will provide you with 30 days prior notice by posting notice of the change on our website. We also may notify PayLock Users of the change using email or other means.
Device Information means data that can be automatically collected from any device used to access the website(s) or Services. Such information may include, but is not limited to, your device type; your device’s network connections; your device’s name; your device IP address; information about your device’s web browser and internet connection you use to access the website(s) or Services; Geolocation Information; information about apps downloaded to your device; and biometric data (e.g., Touch ID/Fingerprint to verify your identity or to authenticate a transaction).
Geolocation Information means information that identifies, with reasonable specificity, your location by using, for instance, longitude and latitude coordinates obtained through GPS or WiFi, your IP address or cell site triangulation.
Legitimate interest means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law).
Personal data means information that can be associated with an identified or directly or indirectly identifiable natural person. “Personal Data” can include, but is not limited to, name, postal address (including billing and shipping addresses), telephone number, email address, payment card number, other financial account information, account number, date of birth, and government-issued credentials (e.g., driver’s license number, national ID, passport number).
Process means any method or way that we handle Personal Data or sets of Personal Data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, and consultation, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction of personal data.
Services means any products, services, content, features, technologies, or functions, and all related websites, applications and services offered to you by PayLock under the Customer Agreement.
PayLock Users means an individual who uses the Services or accesses the website(s) and has established a relationship with PayLock (for example under the Customer Agreement) or otherwise uses the Services as a buyer, seller or other type of participant to a transaction.
Website(s) means the websites, mobile apps, official social media platforms, or other online properties through which PayLock offers the Services and which has posted or linked to this Privacy Notice.
Usage Data means information we collect from your phone, computer or other device that you use to access the website(s) or Services. Usage Data tells us how you use the website(s) and Services, such as what you have searched for and viewed on the site(s) and the way you use our Services, including your IP address, statistics regarding how pages are loaded or viewed, the websites you visited before coming to the website(s) and other usage and browsing information collected through Cookies.