Common use of Data Processing Purposes Clause in Contracts

Data Processing Purposes. (a) The purposes of Stripe’s Processing of Personal Data are when Stripe is operating in its capacity as a Data Processor for a Service, including: (i) servicing the Stripe platform; and (ii) facilitating payment transactions on behalf of Stripe users. (b) The purposes of Stripe’s Processing of Personal Data in its capacity as a Data Controller are: (i) determining the Processing of Personal Data when providing Stripe products and services, including when Stripe provides a payment method, and determining the third parties (banks and payment method providers) to be utilized; (ii) monitoring, preventing and detecting fraudulent transactions and other fraudulent activity on the Stripe platform; (iii) complying with Law, including applicable anti-money laundering screening and know-your-customer obligations; and (iv) analyzing and developing Stripe’s services.