KYC Terms
Important Notice: The KYC Terms contained herein only apply if the platform that you are accessing the ItIsPay services through is leveraging ItIsPay's KYC service.
Overview
The Know-Your-Customer terms contained herein (the "KYC Terms") and the Service Provider Terms of Service & Privacy Policies (the "Service Provider Terms and Conditions") listed and linked below include the third-party service provider ("Service Provider") terms and conditions that you must agree to in order for ItIsPay LLC ("ItIsPay") to verify your identity so that you may access the ItIsPay services.
Personal Information Requirements
As further outlined in the ItIsPay User Agreement, you understand and agree that you must provide to ItIsPay certain personal information, which may include, but is not limited to:
- Your full name
- Tax ID number
- Date of birth
- Address
- Photo ID
- Selfie photo and/or video
- Other documentation to verify your identity
(collectively, your "Personal Information")
ItIsPay will share such information with the Service Providers listed to help verify your identity in order to comply with applicable know-your-customer, anti-money laundering, anti-terrorism financing, and fraud protection laws.
Data Processing and Biometrics
The Service Provider will process your Personal Information and certain biometric data that may include data about your selfie photo and/or video (the "Biometrics") and share the results of your identity verification with ItIsPay, which we will use to determine whether you may utilize the ItIsPay services.
Data Retention
- Personal Information: ItIsPay only retains your Personal Information for as long as you utilize the ItIsPay services or as necessary to adhere to applicable law or regulation, whichever is longer.
- Biometrics: Biometrics are only used by ItIsPay to verify your identity and are not retained after a determination is made regarding your ability to utilize the ItIsPay services unless required by applicable law or regulation.
Important Requirements
Critical: You shall not provide false Personal Information or any Personal Information for any other person than yourself.
Agreement and Consent
By checking the box next to "I agree to the (1) ItIsPay User Agreement, and I have read and understand the ItIsPay Privacy Policy and Regulatory Disclosures; and (2) KYC Terms" and continuing, you expressly:
(a) agree to, and will be bound by, these KYC Terms and the Service Provider Terms and Conditions listed and linked below;
(b) consent to ItIsPay and the Service Providers sharing, using, retaining, and otherwise processing your Personal Information, Biometrics, and identity verification results for the purposes stated above and as provided in the ItIsPay User Agreement, ItIsPay Privacy Policy, and Service Provider Terms and Conditions; and
(c) consent to ItIsPay sharing your Personal Information and identity verification results with the platform that you access the ItIsPay services through (the "Platform").
Platform Responsibilities
You acknowledge and agree that the Platform's use and retention of your Personal Information and verification results shall be governed by the agreement(s) between you and the Platform.
For the avoidance of doubt, the Service Provider Terms and Conditions are between you and the Service Provider and do not alter or amend the ItIsPay User Agreement as between you and ItIsPay or your obligations as outlined above and in the ItIsPay User Agreement, including without limitation to provide accurate and complete Personal Information to ItIsPay.
Service Provider Terms and Conditions
[Service Provider terms and conditions would be listed here as applicable to your specific KYC service providers]