Privacy Policy

1. Introduction

Welcome to ThreadPay ("we," "our," or "us"). We are committed to protecting your personal information and your right to privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our mobile application and related services.

By using ThreadPay, you agree to the collection and use of information in accordance with this policy. If you do not agree with our policies and practices, please do not use our services.

2. Information We Collect

2.1 Information You Provide

We collect information that you voluntarily provide when using our services:

• Account Information: Email address, name, and password when you create an account
• Profile Information: Optional profile photo and display name
• Expense Data: Information about expenses you create, including amounts, descriptions, categories, and dates
• Group Information: Group names, member lists, and group settings
• Payment Information: Records of settlements between users (we do not store credit card or banking details)

2.2 Automatically Collected Information

When you use ThreadsBudget, we automatically collect certain information:

• Device Information: Device type, operating system, unique device identifiers
• Usage Data: Features used, actions taken, time and duration of activities
• Log Data: IP address, access times, app crashes, and performance data

3. How We Use Your Information

We use the collected information for the following purposes:

• To provide, maintain, and improve our services
• To create and manage your account
• To process and track expenses and settlements
• To facilitate group expense sharing and notifications
• To send you important updates about your account and expenses
• To respond to your requests, questions, and support needs
• To detect, prevent, and address technical issues and security threats
• To analyze usage patterns and improve user experience
• To comply with legal obligations

4. Information Sharing and Disclosure

4.1 With Other Users

When you participate in group expenses, certain information (name, profile photo, expenses you create, and balances) is shared with other group members to facilitate expense splitting.

4.2 Service Providers

We may share your information with third-party service providers who perform services on our behalf, such as:

• Cloud hosting providers (for data storage and processing)
• Authentication services
• Analytics providers
• Customer support tools

4.3 Legal Requirements

We may disclose your information if required by law or in response to valid requests by public authorities, or to protect our rights, privacy, safety, or property.

5. Data Security

We implement appropriate technical and organizational security measures to protect your personal information against unauthorized access, alteration, disclosure, or destruction. These measures include:

• Encryption of data in transit and at rest
• Secure authentication mechanisms
• Regular security assessments
• Access controls and monitoring

However, no method of transmission over the internet or electronic storage is 100% secure, and we cannot guarantee absolute security.

6. Data Retention

We retain your personal information for as long as necessary to provide our services and fulfill the purposes outlined in this Privacy Policy. When you delete your account, we will delete or anonymize your personal information, except where we are required to retain it for legal or regulatory purposes.

7. Your Rights and Choices

You have the following rights regarding your personal information:

• Access: Request access to the personal information we hold about you
• Correction: Request correction of inaccurate or incomplete information
• Deletion: Request deletion of your personal information
• Export: Request a copy of your data in a portable format
• Opt-out: Opt-out of certain data collection and marketing communications

To exercise these rights, please contact us at the email address provided below.

8. Children's Privacy

ThreadPay is not intended for use by children under the age of 13. We do not knowingly collect personal information from children under 13. If you are a parent or guardian and believe your child has provided us with personal information, please contact us so we can delete it.

9. International Data Transfers

Your information may be transferred to and maintained on servers located outside of your country where data protection laws may differ. By using ThreadPay, you consent to the transfer of your information to these locations.

10. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the "Last updated" date. We encourage you to review this Privacy Policy periodically for any changes.

11. Contact Us

If you have any questions about this Privacy Policy or our privacy practices, please contact us at:

Email: [email protected]