Privacy Policy

Last Updated: January 10, 2026

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Socorro Payments ("we," "us," or "our") is committed to protecting the privacy of our merchants and their customers. This Privacy Policy explains how we collect, use, and safeguard information when you use our merchant services, website, and payment processing platforms.

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1. Information We Collect

To provide payment processing services, we must collect sensitive information during the application and onboarding process, including:

• Business Information: Legal name, DBA, address, Tax ID (EIN), and processing history.
• Personal Information: Name, date of birth, and Social Security Number (for KYC/Anti-Money Laundering compliance).
• Financial Information: Bank account numbers and routing information for settlement purposes.

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2. How We Use Your Information

We use the information collected to:

• Facilitate merchant account underwriting and approval.
• Process credit and debit card transactions.
• Prevent fraud and maintain security within our processing network.
• Comply with federal regulations (KYC/AML) and card brand rules (Visa, Mastercard, etc.).

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3. Sharing with Third Parties

We do not sell your data. We only share information with third parties necessary to provide our services, including:

• Acquiring Banks: For account approval and transaction settlement.
• Payment Gateways: To facilitate digital transactions.
• Credit Bureaus: For identity verification and risk assessment.

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4. Security & PCI Compliance

Socorro Payments utilizes industry-standard security measures. We and our partners maintain PCI-DSS Level 1 compliance to ensure all payment data is encrypted and handled securely.

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5. Contact Us

For questions regarding this policy, please contact us at:

‍Email: support@socorropayments.com

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