PRIVACY NOTICE
PAYMENTGUYS FINANCE LTD.
Last updated: May 14, 2026
This Privacy Notice applies to PAYMENTGUYS FINANCE LTD., a company incorporated under the
laws of Canada, with its registered address at The Network Hub, 422 Richards Street, Unit 170,
Vancouver, BC, Canada, registration number BC1417083 (“Settlix”, “we”, “our” or “us”), which
operates the website and related services.
This Privacy Notice explains how we collect, use, disclose, and protect personal data in connection
with the operation of our website, platform, and related services. It applies to:
• your access to and use of our website, portals, and platform interfaces, including white-label
components made available through partner websites;
• your use of any software, applications, or technical tools made available by Settlix; and
• communications between you and Settlix, including email and other electronic
communications.
This Privacy Notice describes our data protection practices in a clear and transparent manner. It
should be read together with any additional privacy notices, policies, or disclosures referenced
herein.
Contact details for privacy-related inquiries are provided at the end of this Privacy Notice.
Settlix acts as the Data Controller in respect of personal data processed in connection with the
operation of the Site and related services.
Technology and infrastructure providers engaged by Settlix act as Data Processors.
Licensed banks, electronic money institutions, card issuers, payment service providers,
cryptocurrency service providers, and verification providers engaged in providing regulated
financial services to Users act as independent Data Controllers with respect to personal data
processed for regulatory, compliance, transaction execution, or customer due diligence purposes.
Information We May Collect
We may collect or receive certain personal data in connection with your access to and use of the
Site and Services.
Information You Provide Directly
You may provide personal data to us when you:
• register an account or use the Site or Services;
• communicate with us via email or other electronic means;
• submit inquiries or requests; or
• otherwise interact with the Site.
Such information may include contact details, account-related information, and communications
submitted by you.
Information Collected Automatically
When you access or use the Site, certain technical and usage information may be collected
automatically, including through the use of cookies and similar technologies. This may include
information about your device, browser, IP address, and interaction with the Site.
For more information, please refer to our Cookie Policy.
Information Submitted via the Platform for Verification Purposes
In certain cases, personal data may be submitted through the Site for the purpose of identity
verification, compliance checks, or other regulated processes performed by licensed third-party
financial institutions or verification providers.
Settlix does not determine the purposes or legal basis of such regulated processing activities and
does not perform regulated customer due diligence as a financial institution.
All KYC, AML, sanctions screening, and related compliance measures are carried out exclusively
by licensed third-party financial institutions or verification providers acting under their own
regulatory obligations.
Such data may include identification documents or other verification-related information. Settlix
does not determine the purposes of this processing and does not use such data independently.
This information is processed by the relevant third-party providers under their own privacy
policies and regulatory obligations.
Information Received from Third Parties
We may receive limited information from third-party service providers, such as infrastructure
providers or analytics providers, in connection with the operation, security, and improvement of
the Site.
Settlix does not obtain personal data from credit reference agencies or perform credit
assessments.
Use of Personal Data
We use personal data collected in connection with the Site and Services for the following
purposes:
• to operate, maintain, and provide access to the Site and related services;
• to manage user accounts and respond to inquiries or support requests;
• to communicate with you regarding updates, changes, or information relevant to your
use of the Site;
• to improve the functionality, security, and performance of the Site;
• to comply with applicable legal obligations within the scope of Settlix’s role; and
• where permitted, to send communications related to the Site or Services that may be of
interest to you, subject to your preferences.
Settlix does not use personal data to assess your financial situation, determine creditworthiness,
make automated financial decisions, or perform fraud analysis as a regulated financial institution.
Any financial assessments, fraud detection, or transaction monitoring activities are performed
exclusively by licensed third-party financial institutions or service providers under their own
regulatory obligations.
Disclosure of Personal Data
Settlix does not sell personal data and does not disclose personal data to third parties except as
described in this Privacy Notice.
We may share personal data with the following categories of recipients, where necessary and
appropriate:
• Service providers and infrastructure partners who support the operation, hosting,
security, and maintenance of the Site, acting as data processors on our behalf;
• Licensed third-party financial institutions and verification providers, where
personal data is submitted through the Site for the purpose of identity verification,
compliance checks, or execution of regulated services, acting as independent data
controllers;
• Public authorities or competent bodies, where disclosure is required by applicable
law, legal process, or enforceable request.
Personal data is disclosed only to the extent necessary for the relevant purpose and in accordance
with applicable data protection laws.
Where We Store Personal Data and Data Security
Personal data processed by Settlix may be stored and processed on servers located in various
jurisdictions where Settlix or its service providers operate. Such locations may be outside the
country in which you reside. Where personal data is transferred internationally, Settlix takes
reasonable steps to ensure that appropriate technical and organizational safeguards are in place
to protect such data in accordance with applicable data protection laws.
Personal data submitted through the Site for identity verification, compliance checks, or other
regulated purposes is processed and stored by licensed third-party financial institutions or
verification providers acting as independent data controllers, in accordance with their own
privacy policies, retention requirements, and regulatory obligations.
Where you are provided with login credentials or other access mechanisms for the Site, you are
responsible for maintaining the confidentiality of such credentials and for all activities conducted
using them. You must not share your login credentials with any third party.
While Settlix implements reasonable security measures designed to protect personal data against
unauthorized access, loss, misuse, or alteration, transmission of information over the Internet is
not entirely secure. Accordingly, Settlix cannot guarantee absolute security of data transmitted
via the Site, and any such transmission is at your own risk.
Once personal data is received, Settlix applies appropriate technical and organizational measures
intended to reduce the risk of unauthorized access or disclosure.
Your Rights
Subject to applicable data protection laws, you may have certain rights in relation to personal
data processed by Settlix, which may include the right to:
• request access to personal data processed by Settlix;
• request correction or updating of inaccurate or incomplete personal data;
• request deletion of personal data, where permitted by law;
• object to or request restriction of certain processing activities; and
• withdraw consent, where processing is based on consent.
These rights apply only to personal data for which Settlix acts as a data controller. Where personal
data is processed by licensed third-party financial institutions or verification providers acting as
independent data controllers, requests must be directed to the relevant third party in accordance
with their privacy policies.
Certain rights may be subject to limitations or exceptions under applicable law. To exercise your
rights, please contact us using the details provided below.
Users may have the right to lodge a complaint with a competent data protection authority in
accordance with applicable law.
For Canada, the supervisory authority is the Office of the Privacy Commissioner of Canada (OPC).
Automated Decision-Making
Settlix does not carry out automated decision-making, including profiling or automated decisions
that produce legal or similarly significant effects on individuals.
Any automated decisions, fraud detection measures, credit assessments, or transaction
monitoring activities are performed exclusively by licensed third-party financial institutions
or service providers in accordance with their own regulatory obligations and privacy policies.
Settlix does not control, review, or override such automated decisions and is not responsible for
their outcomes.
Any automated decisions relating to payment processing, transaction approval, card issuance,
wallet services, cryptocurrency execution, fraud detection, or sanctions controls are made
exclusively by licensed third-party financial institutions or service providers acting under their
own regulatory frameworks.
Legal Basis for Processing
Settlix processes personal data only where there is a valid legal basis under applicable data
protection laws. Depending on the circumstances, such legal bases may include:
• Performance of a contract, where processing is necessary to provide access to the Site
or Services or to manage your account;
• Legitimate interests, where processing is necessary for the operation, security, and
improvement of the Site and Services, provided such interests are not overridden by
your rights and freedoms;
• Consent, where you have provided consent for specific processing activities, such as
receiving optional communications, which you may withdraw at any time;
• Compliance with legal obligations, where processing is required by applicable law or
lawful requests from competent authorities.
Where personal data is processed by licensed third-party financial institutions or service
providers acting as independent data controllers, such processing is subject to their own legal
bases and privacy policies.
Changes to This Privacy Notice
Settlix may update this Privacy Notice from time to time to reflect changes in our practices, the
operation of the Site, or applicable laws.
Any updates will be posted on this page with a revised “Last updated” date. Where changes are
material, we may provide additional notice through the Site or other appropriate communication
channels. We encourage you to review this Privacy Notice periodically to stay informed about
how we process personal data.
Contact Us
If you have any questions, comments, or requests relating to this Privacy Notice or the processing
of personal data by Settlix, you may contact us using the details below.
Settlix does not appoint a data protection officer as a regulated financial institution. Privacy-
related inquiries, including requests to exercise applicable data protection rights, may be
submitted by email to: payment@settlixx.com.
Settlix will respond to privacy-related inquiries in accordance with applicable data protection
laws and within reasonable timeframes.