This Partner Privacy Policy explains how VenturStaq Inc. collects, encrypts, processes, and retains personal, tax, and banking information for participants in the VenturStaq Partner Program.
1. Data We Collect from Partners
- Identity & Account Data: Full legal name, business entity name, country of residence, work email address, and authentication credentials.
- Tax Compliance Data: Information submitted on IRS Form W-9, Form W-8BEN, or Form W-8BEN-E, including Tax Identification Numbers (SSN, EIN, or Foreign TIN).
- Beneficiary Bank Data: Bank account holder name, routing/sort/IBAN/SWIFT numbers, account numbers, and payout rail metadata.
- Security & Audit Telemetry: IP addresses, user agents, and append-only audit logs for logins, step-up authentication, and payout requests.
2. Field-Level Encryption & Storage
Sensitive financial and tax identifiers—including bank account details, TIN/SSN/EIN payloads, and TOTP secrets—are encrypted at the application layer using authenticated envelope encryption (AES-256-GCM) before being stored in our database. Only the last four digits of account numbers and tax identifiers are displayed in the UI.
3. How We Use Partner Information
We process partner data strictly to administer referral attribution, compute double-entry ledger commissions, execute bank disbursements through regulated payment processors, and fulfill statutory tax reporting obligations (such as IRS Form 1099-NEC or Form 1042-S).
4. Financial & Tax Record Retention
Because ledger journals, payout instructions, and tax forms are statutory financial records, we retain them for at least seven (7) years or such longer period as required by applicable tax and anti-money laundering regulations.
5. Your Privacy Rights & Contact
To request access to or correction of your partner profile data, contact our compliance team at compliance@venturstaq.com.