Welcome to our website, operated by PARAZI ASSOCIATES PRIVATE LIMITED Parazi Associates (“we,” “us,” or “our”). We offer payment gateway and facilitation services, including those provided by our subsidiaries under Parazi Associates. Unless otherwise stated, any mention of Parazi Associates in this policy extends to these subsidiaries. Any future subsidiaries joining our network will adhere to the principles outlined in this policy.
Protecting your privacy and data security is our top priority. This policy details how we collect, handle, and utilize your information when you access Parazi Associates or use its payment services, whether as a merchant or customer.
We are committed to maintaining the confidentiality and security of your personal information. When you interact with our website—such as by completing registration forms, inquiry forms, transaction details, or accessing our services through mobile applications or APIs—we collect and process your data following this policy.
By using Parazi Associates’s services, features, technologies, website, or applications, you agree to and accept the terms set forth in this policy.
Data Collection
When you access our services, you may provide or we may collect different categories of personal data, including:
- Personal Information
This includes your full name, phone number, email, and physical address, which help us verify your identity and ensure smooth communication.
- Business Contact Details
We gather information such as your company name, department, and business size to customize our services based on your organization’s needs.
- Account Credentials
Your username and password are collected to secure your account and provide protected access to our platform.
- Payment Account Information
We collect financial details necessary for transaction processing, security enhancement, and seamless payment operations.
- User-Generated Content
Content such as comments, reviews, and social media posts assist us in gathering insights, enhancing user experience, and improving engagement.
- Device and Mobile Identifiers
Unique device identifiers help us recognize your device, optimize system performance, and strengthen platform security.
- Location Data
Geolocation data enables us to offer region-specific services and detect fraudulent activities.
- Verification and Business Documents
We collect identity proofs, business licenses, and similar documents to meet compliance and regulatory requirements.
- Technical Data
We process details such as browser type, IP address, and operating system to enhance platform performance and resolve technical issues.
- Additional Data
Other collected details, including timestamps, browsing history, language settings, age, gender, and cookies, allow us to tailor services and content to your preferences.
As you engage with our website, mobile applications, or digital services, some data may be automatically collected via tracking technologies like cookies. Additionally, personal data may be shared with merchants during transactions to facilitate payment processing.
Data Accuracy and Authentication
By using our services, you confirm that the information provided is accurate, complete, and truthful. You are responsible for correcting errors or omissions in submitted data. You may review and update your information at any time to maintain its accuracy.
How We Use Your Data
We utilize collected data for the following purposes:
- Transaction Processing
Your information is used to authorize payments, calculate taxes, handle billing, process refunds, manage chargebacks, facilitate order fulfillment, and resolve disputes.
- Service Provisioning
We process your data to offer services such as invoice generation, transaction notifications, access key management, product downloads, and subscription handling.
- Identity Verification and Fraud Prevention
We use your data for KYC verification, fraud detection, underwriting, risk assessment, and regulatory compliance.
- Business Operations Support
Your information assists us in improving services, analyzing market trends, developing new products, and implementing marketing strategies.
- Legal and Contractual Compliance
We use your information to comply with legal and regulatory requirements, enforce agreements, manage financial reserves, and adhere to court orders.
- Data Analytics and Business Intelligence
Your data is analyzed to generate reports, extract insights, and support strategic decision-making.
- Policy and Compliance Enforcement
We ensure compliance with company policies, industry standards, and payment regulations to uphold security and transparency.
- PCI Compliance
Your financial data is processed in accordance with Payment Card Industry (PCI) standards to maintain confidentiality and security.
- Personalized Services and Marketing
We use your data to deliver customized content, personalized recommendations, and targeted advertisements.
- Secure Payment Storage
Your payment details may be securely stored to enable faster transactions, recurring payments, and subscription-based services.
- Sales Performance Monitoring
We analyze transaction data to assess sales trends, understand customer behavior, and optimize product offerings.
- Authorized Data Sharing
Where necessary, we share relevant data with regulatory bodies, auditors, investors, and professional advisors to ensure compliance and operational efficiency.
Data Security and Storage
We employ advanced security measures such as encryption, secure servers, and periodic security audits to protect your data from unauthorized access, modification, or misuse.
We comply with security standards to ensure maximum payment security. However, no system is entirely immune to cyber threats. If you suspect a security breach, contact us immediately at info@paraziassociates.com for assistance.
Your data may be processed in different jurisdictions due to international transactions. By using our services, you consent to your data being handled in regions with varying data protection laws.
Data Retention
We retain personal data only for as long as necessary to fulfill its intended purpose and meet legal or regulatory requirements. Once no longer needed, data is permanently deleted, anonymized, or modified to prevent reconstruction.
Certain financial records, including transaction history, may be stored for extended periods to comply with tax, accounting, and legal regulations. We periodically review our retention policies to ensure they align with the latest regulations.
Data Sharing
We may share personal data with trusted third-party service providers responsible for payment processing, fraud prevention, and customer support. These entities must adhere to strict security protocols and legal standards.
During transactions, customer data may be shared with financial institutions and payment processors to ensure seamless processing. Merchants using our payment gateway may receive the necessary customer data required to complete transactions.
We require all third-party partners to maintain robust security measures. While we oversee shared data in accordance with this policy, we encourage reviewing third-party privacy policies for further clarity.
Corporate Transfers
In the event of a merger, acquisition, or corporate restructuring, your personal data may be transferred as part of the transaction. This Privacy Policy will continue to protect your rights regarding data security.
If significant changes occur in data handling post-transfer, we will notify you in advance and provide an opportunity to review the updated policy. Notifications will be sent via email or public announcements.
Legal Disclosures
We may disclose personal information if required by law, such as in response to subpoenas, court orders, or law enforcement inquiries. Additionally, disclosures may be made to prevent fraud, enforce legal rights, or meet regulatory obligations.
Payment Security
Your financial information is encrypted and transmitted securely, following industry security standards. We comply with PCI-DSS protocols to protect payment details during transactions and storage.
With your consent, stored payment data may be used for recurring payments, one-time purchases, or subscription-based transactions. Transaction data may also be shared with tax authorities if mandated by law.
Minors
Our services are intended for individuals aged 18 and above. We do not knowingly collect data from minors. If unauthorized access by a minor is detected, we will terminate the account and delete associated data.
Parents or guardians who suspect unauthorized use should contact us immediately for resolution.
External Links
Our website may contain links to third-party platforms. We encourage reviewing external privacy policies before sharing information, as we are not responsible for their data practices.
Public Forums
We may provide forums, message boards, or comment sections for community engagement. Any information shared in these spaces becomes public.
If you need assistance in removing posted content, contact us. While we will make reasonable efforts to accommodate your request, complete removal may not always be possible.
Policy Updates
This Privacy Policy may be updated periodically to reflect regulatory changes or service improvements. Updates will be posted on this page, and registered users will receive notifications via email or platform alerts.
Contact Us
For questions or concerns regarding this Privacy Policy, contact us at info@paraziassociates.com. Our support team is available to assist you.