Term Karma Privacy Policy

1. Introduction

Welcome to Term Karma.

Term Karma is a business-to-business technology platform designed to help businesses discover suppliers offering purchasing terms, organize business information, manage reusable application documents, and explore potential Net 30, Net 60, and other trade credit opportunities.

We respect your privacy and recognize the importance of protecting the business and personal information entrusted to us.

This Privacy Policy explains what information we collect, how we use it, when we may share it, how we protect it, and the choices available to you.

By using Term Karma, you acknowledge this Privacy Policy. Where consent or authorization is legally required, we will request it separately.

2. Information We Collect

Depending on how you interact with Term Karma, we may collect the following information.

We may also collect technical information such as device type, browser information, IP address, website interactions, and security logs.

We do not require every category of information from every user.

3. How We Use Information

Term Karma may use collected information to:

Supplier matches and estimated eligibility indicators are informational and do not guarantee credit approval.

4. Document Storage and Reuse

Term Karma is designed to reduce repetitive paperwork by allowing businesses to maintain reusable profiles and supporting documents.

Users may upload information for future authorized applications.

We will not automatically submit a credit application or transmit a document to a supplier solely because it has been uploaded.

When an application or document-sharing feature is available, the platform will require appropriate authorization before information is disclosed to a recipient.

Authorizations may identify the recipient, the purpose of disclosure, and the information selected for sharing.

5. Sharing Information With Suppliers

Term Karma may facilitate business introductions and application-related information sharing.

When authorized, information may be made available to a selected supplier or credit provider for purposes such as:

Suppliers are responsible for their own credit decisions and their independent handling of information they receive.

Term Karma does not guarantee that a supplier will approve an application, extend purchasing terms, or report payment activity to a credit bureau.

6. Advertising and Sponsored Opportunities

Term Karma may offer sponsored supplier placements, advertising, or other promotional opportunities.

If sponsored content is displayed, we intend to identify it appropriately.

We do not sell uploaded business credit applications, financial documents, or sensitive identification information to advertisers for their independent marketing use.

Any future sharing of information for advertising, analytics, or lead-generation purposes will be evaluated under applicable privacy laws and reflected in this policy and any required notices or choices.

7. Service Providers

We may use third-party technology providers to support hosting, storage, authentication, security, communications, analytics, and other platform operations.

These providers may process information on our behalf under applicable contractual, security, and confidentiality requirements.

We do not authorize service providers to use confidential application documents for unrelated purposes.

8. Security

Term Karma uses administrative and technical safeguards intended to protect information against unauthorized access, misuse, alteration, and disclosure.

Depending on the relevant system, safeguards may include access restrictions, authentication controls, limited document permissions, expiring access links, and activity logs.

No electronic system can guarantee absolute security.

Users are responsible for protecting their login credentials and notifying us of suspected unauthorized account activity.

9. Data Retention

We retain information for as long as reasonably necessary to provide services, maintain records, satisfy legal obligations, resolve disputes, and protect the platform.

Retention periods may differ depending on the type of information and the purpose for which it was collected.

Temporary application packets may be subject to shorter expiration and deletion schedules.

Deleting an account may not immediately remove information that must be retained for legal, security, or legitimate operational purposes.

Information previously provided to an independent supplier may remain subject to that supplier's retention practices.

10. Your Privacy Choices

Subject to applicable law, users may be able to:

Revoking an authorization generally affects future sharing and does not automatically retrieve information already lawfully provided to another party.

We may need to verify your identity or authority before processing certain requests.

11. California Privacy Rights

California residents may have rights under applicable privacy laws, including rights to know, access, correct, or delete certain personal information and to exercise applicable opt-out rights.

The availability of specific rights depends on the circumstances, legal exemptions, and the nature of the information involved.

Term Karma will not discriminate unlawfully against individuals for exercising applicable privacy rights.

Requests may be submitted using the privacy contact method identified below.

12. Cookies and Website Technologies

Term Karma may use cookies or similar technologies for authentication, security, preferences, and website functionality.

If optional analytics, advertising, or tracking technologies are introduced, we will provide applicable disclosures and choices as required by law.

Users may also manage certain cookie preferences through their browsers.

13. Children's Privacy

Term Karma is intended for business users and authorized business representatives, not children.

We do not knowingly collect personal information directly from children under 13 through accounts intended for their use.

If we learn that such information was collected improperly, we will take appropriate steps consistent with applicable law.

14. Third-Party Websites

Our platform may contain links to supplier websites and other third-party services.

We are not responsible for the independent privacy practices of those third parties.

We encourage users to review their privacy policies before submitting information directly to them.

15. Changes to This Policy

We may update this Privacy Policy to reflect changes in our services, technology, business practices, or legal obligations.

The revised policy will display an updated effective date.

Where required by law, we will provide additional notice or obtain consent before implementing material changes.

16. Contact Us

For questions about this Privacy Policy, data handling, or privacy requests, contact:

Term Karma

Website: https://termkarma.com