Privacy Policy
Overview
Oceanpayment has formulated this Privacy Policy with the purpose of elucidating how we collect, retain, process, share and transfer your personal data when you utilize our services. This Privacy Policy is applicable to the personal data provided by you when utilizing our services.
This Privacy Policy is intended to provide you with an understanding of our privacy protection measures and the privacy options available to you when utilizing our services. If you have any inquiries regarding privacy protection measures that are not explicitly addressed in this Privacy Policy, please feel free to contact us.
What types of personal data do we collect?
We will collect the information about you when utilizing our services. We will gather information pertaining to you, which includes:
- Transaction and experience information. We shall collect the transaction information and other information related to the transaction, such as payment amount, the amount paid for the product or service, merchant information which includes the payment method utilized to complete the transaction. Additionally, we may collect device information, technical usage data, and geographical location information.
- Additional information in connection with your use of our services. We will collect other information from or about you when you communicate with us, contact our customer service team, or respond to surveys.
Why we retain personal data?
We retain personal data to fulfill legal or regulatory obligations, as well as to conduct our business. If it aligns with our legitimate business interests and within the extent permitted by law, we may retain personal data for longer than legally required.
Why Oceanpayment processes personal data?
We collect, use, and store your personal data for the reasons stated in the table below:
- Meet our business, and use some of the data collected to improve our products and services, which includes training models for fraud and loss prevention and analyzing the performance of Ocean payment’s products as permitted by applicable laws and agreements. It requires the personal data to train the Oceanpayment’s fraud and loss prevention model, including the model used by Oceanpayment’s risk control. These products rely in part on their ability to recognize certain features that help determine whether a transaction is fraudulent.
- Fulfil our obligations and enforce the Terms of Service, including compliance with all applicable laws and regulations.