Effective Date: May 30, 2026
Phynite (the "Application") is owned and operated by Phynite Corp.
Phynite Corp. is the data controller responsible for your personal data.
Contact Information:
Email: hello@phynite.io
This Privacy Policy explains how we collect, use, store, and protect user data when you use our iOS application. It applies in addition to our Terms and Conditions.
This Privacy Policy is intended to inform users of:
For users located in the European Union, we comply with Regulation (EU) 2016/679 (GDPR).
For users in the United Kingdom, we comply with the UK GDPR and Data Protection Act 2018.
By using the Application, you consent to the collection and use of your data as described in this Privacy Policy.
Where processing is based on consent, you may withdraw your consent at any time. Withdrawal of consent will not affect the lawfulness of processing carried out prior to withdrawal.
You may withdraw consent by contacting hello@phynite.io or by adjusting your device or account settings where applicable.
We only collect personal data that is reasonably necessary to operate and improve the Application.
A. Data You Provide Directly (Non-Automatic Collection)
We may collect the following data when you voluntarily perform actions within the Application:
This data is collected when you:
B. Financial & Payment Information
If you choose to add bank details for seller payouts, we collect and store that information so Phynite can send ACH transfers when you are owed money for accepted offers. Providing bank information is optional and is not required to browse the buylist or scan cards.
In the Application, we show you a masked summary of saved bank info (for example, the last four digits of your account number). Full routing and account numbers are not displayed back to you after they are saved.
We do not use bank account information for advertising, analytics, or product personalization. We do not sell bank account information or share it with third-party advertisers.
C. Data Collected Automatically
When you use the Application, we automatically collect certain technical and usage data through our analytics provider (Mixpanel) to help us understand how the app is used and improve your experience:
This data is used solely for our own analytics purposes to improve the Application. It is not used for advertising or shared with advertisers.
We use collected data for the following purposes:
We do not sell your data or share it with third-party advertisers. Any marketing communications are from Phynite only.
A. Internal Access
Personal data may be accessed by authorized employees or contractors only when necessary to perform their job duties. Bank account information is accessed only by authorized Phynite personnel for payout processing (for example, when a seller submission is awaiting payment) and is subject to additional access restrictions.
B. Trusted Service Providers
We may share limited data with trusted third-party service providers that assist us with:
Bank account information is stored on our infrastructure and is not shared with analytics providers, card identification services, or email vendors. Those providers do not receive your routing or account numbers.
All third-party providers:
C. Legal Disclosures
We may disclose data if required to do so by law, court order, or to protect our legal rights.
We do not sell user data.
We retain personal data only for as long as necessary to fulfill the purposes outlined in this Privacy Policy, unless a longer retention period is required by law.
When data is no longer required, it is securely deleted or anonymized. Bank account information is deleted when you delete your account or when you update it with new details (the prior encrypted record is replaced).
We implement reasonable administrative, technical, and organizational safeguards, including:
While no system is 100% secure, we take appropriate steps to protect user data from unauthorized access or misuse.
We may send you emails about new features, updates, tips, and promotional offers related to Phynite. These communications are from us only - we do not share your email with third-party advertisers.
How to Opt Out:
Note: Even if you opt out of marketing emails, we may still send you important transactional emails about your account (such as password resets or security alerts).
Under applicable privacy laws (including GDPR), users have the right to:
In-App Account Deletion: You can delete your account directly within the Application by going to the Account tab and selecting "Delete Account." This will permanently delete your account and all associated data, including any bank account information you have saved.
Updating Bank Information: You can view or update saved bank details at any time under Account → Input Bank Info. To change your bank information, tap Edit and re-enter your routing and account numbers.
Contact Request: You may also withdraw consent or request access, correction, or deletion of your personal data at any time by contacting:
We will respond to verified requests within a reasonable timeframe and in accordance with applicable laws.
We do not knowingly collect personal data from children under the age of 16.
If we become aware that such data has been collected, it will be deleted promptly.
Parents or guardians may contact us at hello@phynite.io.
We may update this Privacy Policy periodically to reflect legal or operational changes.
When updates occur, the Effective Date will be revised.
We encourage users to review this policy periodically.
If you have concerns regarding our data practices, please contact us first.
You also have the right to lodge a complaint with a relevant supervisory authority, including:
Phynite Corp.