Faire updated its privacy policy to expand how it collects, uses, and shares retailer and user data. The policy now explicitly describes collection of inferred or predicted business attributes (store type, category), credit assessment practices including automated decision-making for credit limits, and a new Faire Pay credit facility that collects Social Security numbers and shares data with banking partner Lead Bank. The policy also broadens how user and business information is displayed to other marketplace participants and how data is used for ad targeting and personalization.
Retailers: Faire now tells you it collects information about your business type and uses automated systems to decide your credit limit and payment terms.
Faire_pay_applicants: If you apply for Faire Pay, Faire will collect your Social Security number and share it with its banking partner to assess your creditworthiness.
Retailers: More of your business information, including attributes Faire infers about your store, may now be visible to other retailers and brands on the platform.
Data_controllers_using_faire: If your organization uses Faire, you may need to update vendor agreements and privacy frameworks to account for Faire's expanded data collection and third-party banking partner sharing.
Retailers: Faire discloses that it uses automated systems to decide your credit limit and payment terms, and that you may have rights to challenge this decision.
The updated policy expands what data Faire collects about retailers and how it uses that data. Faire now explicitly authorizes collection of inferred or predicted business attributes (such as store type or category) based on information you provide, publicly available data, your website, and your activity on the platform. The policy also discloses that Faire uses automated decision-making to assess credit risk and automatically set credit limits on retailer accounts, which determines payment terms. Additionally, Faire now permits display of expanded business profile information to other marketplace users, including inferred attributes. For retailers applying for Faire Pay, the policy states that Faire collects sensitive financial information including Social Security numbers and shares it with banking partner Lead Bank. You can review your account privacy settings to limit what business information other users can see in your profile.
→ Review your account privacy settings to limit which business information other marketplace users can see in your profile.
→ If applying for Faire Pay, review Lead Bank's privacy notice provided during the application process to understand how your Social Security number and financial data will be handled.
Policy now discloses that Faire uses automated decision-making to assess credit risk and automatically set credit limits, which determines payment terms; states retailers may have rights regarding this automated decision.
Policy now authorizes collection and use of inferred or predicted business attributes (store type, category) based on information provided, publicly available data, website data, and platform activity.
Policy discloses that Faire Pay applicants' sensitive financial information, including Social Security numbers, is collected and shared with banking partner Lead Bank for credit assessment and service provision.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
Faire's updated privacy policy materially expands data collection, use, and sharing practices affecting retailers and Faire Pay applicants. The policy now explicitly discloses automated decision-making for credit assessment and limit-setting, which may trigger obligations under …
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