We attach great importance to the protection of user privacy and personal information. When you use the website we provide services on (www.PayTrades. cn), we may collect and use your relevant information. We hope to explain to you through this Privacy and Security Policy ("this Privacy Policy") how we collect, use, store, and share this important information when using our services, as well as the ways we provide you with access, updates, cessation of marketing, data migration, deletion, and protection of this information. We will explain relevant matters to you through this policy.
If you have any questions, opinions or suggestions regarding this privacy policy, please contact us by email:
Email: bussiness@PayTrades.cn
Privacy and Security Policy
Privacy and Security Policy
Privacy and Security Policy
1、 How PayTrades collects and uses your information
2、 How PayTrades uses cookies and similar technologies
3、 How PayTrades shares and publicly discloses your personal information
4、 How PayTrades protects and saves your personal information
5、 How long will PayTrades save your personal information
6、 Changes in Privacy and Policy Security
PayTrades understands the importance of personal information to you and will do its utmost to protect the security and reliability of your personal information. This Privacy Policy is closely related to the services you use. Please read and understand it carefully before using our settlement platform or services. Once you click on register, upload, next step, or start using this website, it means that you have fully understood and agreed to this Privacy Policy.
How PayTrades collects and uses your information
Personal information refers to various types of information recorded in the form of electricity or other means, which can be used alone or in combination with other information to identify a specific natural person's identity, or to reflect the situation of specific natural activities.
PayTrades will follow the principles of legitimacy, legality, and necessity to collect and use personal information that you voluntarily provide during the use of the settlement platform and/or services, or that arises from the use of the settlement platform and/or services, as well as to obtain your relevant personal information from third parties, for the purposes described in this policy. If we intend to use your personal information for other purposes not specified in this policy, or if we collect information for specific purposes for other purposes, we will inform you in a reasonable manner and obtain your consent again before use.
PayTrades will only collect and use your personal information for the purposes described in this policy:
1. When you register for a PayTrades account: We will collect your mobile phone number or email, password, Chinese and English name of the company, copy of the business license, front and back photos of the legal representative holding their ID card, and front and back photos of the legal representative's ID card (if there are shareholders, they also need to provide their personal identification documents) based on the information you fill out. The purpose of collecting this information is to help you complete PayTrades registration, complete identity verification, open a foreign trade settlement account, protect the security of your account, and contact you in a timely manner. If you cannot provide the complete information mentioned above, you may not be able to proceed with payment settlement normally.
When you open a PayTrades account, we will upload and conduct a pre review based on the relevant credentials and documents you have provided.
When you forget your account information (such as account password), you can reset your password through your phone number or email verification code to help you retrieve your account information.
PayTrades will follow the principles of legitimacy, legality, and necessity to collect and use personal information that you voluntarily provide during the use of the settlement platform and/or services, or that arises from the use of the settlement platform and/or services, as well as to obtain your relevant personal information from third parties, for the purposes described in this policy. If we intend to use your personal information for other purposes not specified in this policy, or if we collect information for specific purposes for other purposes, we will inform you in a reasonable manner and obtain your consent again before use.
PayTrades will only collect and use your personal information for the purposes described in this policy:
1. When you register for a PayTrades account: We will collect your mobile phone number or email, password, Chinese and English name of the company, copy of the business license, front and back photos of the legal representative holding their ID card, and front and back photos of the legal representative's ID card (if there are shareholders, they also need to provide their personal identification documents) based on the information you fill out. The purpose of collecting this information is to help you complete PayTrades registration, complete identity verification, open a foreign trade settlement account, protect the security of your account, and contact you in a timely manner. If you cannot provide the complete information mentioned above, you may not be able to proceed with payment settlement normally.
When you open a PayTrades account, we will upload and conduct a pre review based on the relevant credentials and documents you have provided.
When you forget your account information (such as account password), you can reset your password through your phone number or email verification code to help you retrieve your account information.
1. Sharing
(1)After obtaining your explicit consent or authorization in advance, share necessary information related to cross-border transactions with the government regulatory authorities, cooperative payment companies, and cross-border reporting banks under the jurisdiction of cross-border payment business;
(2)We will share your personal information with the public in accordance with applicable laws and regulations, legal procedures, or mandatory requirements from government regulatory authorities, if necessary;
(3)Sharing with our affiliated subsidiaries: Your personal information may be shared with affiliated subsidiaries of Huitong International Payment;
(4)We will only share necessary personal information and are subject to the constraints stated in this privacy policy;
(5)Only by sharing your personal information can we achieve the core functions of our platform and services or provide the services you need.
2. Public disclosure
We will only publicly disclose your personal information under the following circumstances, provided that we take industry standard security measures:
(1)According to your needs, disclose the personal information you have specified in the disclosure method that you have explicitly agreed to;
(2)In cases where it is required by laws, regulations, mandatory administrative enforcement or judicial requirements to provide your personal information, we may publicly disclose your personal information based on the type and disclosure method required. Subject to compliance with laws and regulations, when we receive a request for disclosure of the aforementioned information, we will require the issuance of corresponding legal documents, such as subpoenas or investigation letters. We firmly believe that the information requested from us should be kept as transparent as possible within the legal limits. We have carefully reviewed all requests to ensure that they have legal basis and are limited to data that law enforcement agencies have the legal right to obtain for specific investigative purposes. Subject to legal regulations, the files we disclose are all protected by encryption keys.
How PayTrades protects and saves your personal information
All important information you provide us is stored on our secure server. We attach great importance to personal information security and take all reasonable and feasible measures to protect your personal information. We will adopt security measures that comply with industry standards, including establishing reasonable institutional norms and security technologies to prevent unauthorized access, use, and modification of your personal information, and to avoid data damage or loss.
How long will PayTrades save your personal information
As a nationally regulated financial institution, according to laws and regulations, PayTrades still needs to store some of your transaction data records after you close your account on our platform. Your data will only be accessed internally based on necessary circumstances, and will only be accessed or processed when absolutely necessary. Your information will be stored for six years from the date of termination of business relationship between PayTrades and you, or from the date of the end of our single service provided to you. When you or your related transactions involve legal investigations or lawsuits related to anti money laundering or counter-terrorism financing, and the relevant legal investigations or lawsuits have not been completed by the end of the six-year retention period, the relevant information will be saved until the investigation or lawsuit is completed.
We will delete information that is no longer needed, and all information that we must save will use the highest security level.
Changes in Privacy and Policy Security
We can revise this privacy policy at any time and publish a revised version on our website. In appropriate circumstances, you will be informed via email or on the website in "My Account". The revised version will take effect from the effective date of publication.
