The policy states that sellers must provide name, address, bank account information, and payment card details; credit card numbers are not retained by GOAT but are held by third-party payment processors, which may keep payment information on file to cover applicable seller charges.
This analysis describes what GOAT's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision discloses that seller bank account information is collected and retained as part of the selling process, and that payment processors may keep payment card information on file to cover seller-incurred charges, meaning sellers' financial data persists with third-party processors under those processors' privacy policies rather than GOAT's. The Identity and Compliance Information provision additionally discloses collection of government ID numbers, VAT/tax IDs, and government ID document scans from sellers for compliance purposes.
The agreement establishes that sellers who list items on GOAT's platform provide bank account and payment card information; credit card data is held by third-party payment processors and may remain on file to cover charges, while GOAT states it does not retain credit card numbers directly. The payment processor's use of seller financial data is governed by that processor's own privacy policy.
Cross-platform context
See how other platforms handle Seller Identity and Financial Information Collection and similar clauses.
Compare across platforms →"Seller Information , including name, email address, shipping and billing address, bank information and payment card and billing information, if you choose to list an item for sale on one of our platforms. Please note that we use third-party payment processors to process credit card payments made to us. As such, we do not retain any personally identifiable financial information in connection with credit card payments, such as credit card numbers. Rather, all such information is provided directly by you to our third-party payment processor and may be kept on file with such third-party payment processor to cover certain applicable charges incurred by a seller.Excerpt from GOAT's Privacy Policy
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This provision discloses that seller bank account information is collected and retained as part of the selling process, and that payment processors may keep payment card information on file to cover seller-incurred charges, meaning sellers' financial data persists with third-party processors under those processors' privacy policies rather than GOAT's. The Identity and Compliance Information provision additionally discloses collection of government …
The agreement establishes that sellers who list items on GOAT's platform provide bank account and payment card information; credit card data is held by third-party payment processors and may remain on file to cover charges, while GOAT states it does not retain credit card numbers directly. The payment processor's use of seller financial data is governed by that processor's own …
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