1. Information We Collect
We collect information to provide, secure, and improve the Services. The categories below describe the types of information we may collect:
1.1 Personal Information
- Full name, email address, phone number
- Date of birth and residential address (when required for verification)
- Government-issued ID and other identity documents for KYC/verification
1.2 Financial Information
- Bank account and routing numbers, payment card details (note: card data is processed and stored according to PCI-DSS where applicable)
- Transaction history, payment records, escrow instructions and statuses, wallet balances
1.3 Device & Technical Information
- IP address, device identifiers, operating system and app version
- Usage and diagnostic data (logs, crash reports, feature usage)
- Location data when you enable location services
2. How We Use Your Information
We use information for purposes including:
- To provide and operate the Services (process payments, handle transfers, manage escrow accounts)
- To verify identity, comply with KYC/AML and legal obligations
- To communicate with you about transactions, updates, security alerts, and support
- To detect and prevent fraud, abuse, and other illegal activity
- To analyze and improve our products and personalize your experience
- To comply with legal requests and law enforcement
3. Sharing & Disclosure
We may share information with third parties only as described below:
- Payment processors and banking partners: to facilitate transfers, bill payments, and wallet funding.
- Service providers: vendors that provide hosting, analytics, customer support, KYC/ID verification, and fraud detection.
- Regulators and law enforcement: when required by law, court order, or to comply with regulatory obligations (e.g., AML/CTF reporting).
- Business transfers: in the event of a merger, acquisition, or sale of assets, user information may be transferred as part of that transaction.
- With your consent: where you authorize sharing for a specific purpose (for example, linking an external service).
We do not sell your personal information to third parties.
4. Escrow Transactions — Specifics
For escrow transactions we collect and store information necessary to open, hold, and release funds according to the escrow instruction. This may include participants’ identity verification data, transaction terms, and release triggers. We may disclose escrow details to the counterparties involved and to service providers (e.g., payment rails) strictly to facilitate the escrow flow.
5. Security
We implement administrative, physical, and technical safeguards designed to protect your information. These include encryption in transit (TLS), secure access controls, audit logs, and monitoring. While we use commercially reasonable security measures, no method of transmission or storage is 100% secure — we cannot guarantee absolute security.
6. Data Retention
We retain personal and transaction data as long as needed to provide Services, fulfill legal and regulatory obligations, resolve disputes, and enforce agreements. Retention periods may vary by data type and applicable law.
7. Your Rights & Choices
Depending on your jurisdiction, you may have rights regarding your personal information, including the right to:
- Access and receive a copy of your data
- Request correction of inaccurate data
- Request deletion of certain personal data
- Object to or restrict certain processing
- Withdraw consent where we rely on it
To exercise these rights or for account-specific requests, contact us at the details in the Contact section below. We may need to verify your identity before fulfilling requests.
8. Cookies & Tracking
We and our partners use cookies and similar technologies to provide the Services, store preferences, enable features, and measure and improve performance. You can control cookie settings through your browser or device; however, disabling cookies may affect the functionality of the Services.
9. Third-Party Services
Our Services integrate with third-party providers (payment processors, identity verification services, analytics, cloud providers). These providers have their own privacy practices — we encourage you to review their privacy policies. We remain responsible for our own handling of your data as described in this policy.
10. International Transfers
Your data may be processed or stored in countries other than your country of residence. We will take steps required by applicable law to ensure adequate protection for international data transfers (e.g., standard contractual clauses or other lawful mechanisms).
11. Children
Our Services are not directed to individuals under 18. We do not knowingly collect personal information from children. If you believe we have inadvertently collected information from a child, contact us and we will take steps to delete that data.
12. Changes to This Policy
We may update this Privacy Policy periodically. When changes are material, we will provide prominent notice (for example, via the app or email) and update the “Last updated” date above. Continued use after changes constitutes acceptance of the updated policy.
13. Contact Us
If you have questions, requests, or complaints about this Privacy Policy or our privacy practices, please contact:
BMT Finance
Email: privacy@buyersmaxitrust.com
Address: Wuse, Abuja , Nigeria
For regulatory or legal inquiries, provide the appropriate legal contact or compliance officer details here.