Faire's updated privacy policy expands data collection and use practices for retailers and expands how marketplace information is shared between users. The policy now explicitly describes collecting inferred or predicted business attributes (store type, category), implementing automated credit decision-making for retailers, and sharing business profile information with other Faire users and Brands to facilitate marketplace discovery and transactions. The policy also introduces Faire Pay, a credit facility requiring collection of additional information including Social Security numbers, shared with banking partner Lead Bank.
Retailers: Faire can infer what type of business you operate and collect that information even if you don't explicitly tell them.
Retailers: Faire will automatically set your credit limit and payment terms using an algorithm based on your payment history and credit risk profile.
Retailers: More detailed information about your business is now shared with other retailers and brands using the marketplace.
Retailers applying for faire pay: Applying for Faire Pay requires providing your Social Security number and employment information to Faire and its banking partner.
Retailers applying for faire pay: Your Social Security number and sensitive financial information will be shared with Faire's banking partner to evaluate your credit application.
The updated terms expand the types of data collected and how that data is used and shared. For retailers, Faire now explicitly collects inferred or predicted business attributes (store type, category) and implements automated decision-making to determine credit limits and payment terms based on credit risk assessment. Business profile information, including store type, location, and engagement data, may now be displayed to other marketplace users and Brands to facilitate ordering and transactions. For users applying for Faire Pay, the policy now authorizes collection of Social Security numbers and employment information, shared with Lead Bank for credit assessment. You can review your account privacy settings to limit visibility of certain profile information to other users.
→ Review your account privacy settings to limit visibility of your business profile information to other Faire users
→ Assess whether you want to apply for Faire Pay given the requirement to provide Social Security number and share information with external banking partner Lead Bank
→ Review your credit information and payment history on your Faire account, as this will be used in automated credit limit assessment
Policy now explicitly authorizes Faire to infer or predict business attributes (store type, category) based on provided information, public data, website analysis, and activity on the Services.
Policy discloses that credit limits and payment terms are determined through automated decision-making based on credit risk assessment without explicit individual review requirement.
Business profile information, inferred attributes, and engagement data may now be displayed to other retailers and Brands to facilitate marketplace functionality.
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
Faire expanded its data collection, use, and sharing practices across three key areas: inferred business attribute collection and use for retailers; automated credit decision-making disclosed to retailers; and data sharing with other marketplace users and …
Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.
Unlock the full institutional analysis — InsightConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-004517.
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