Charges & Financial Obligations · Company practice
Team purchases involve billing data and retention for tax obligations
Team accounts may require billing information shared with a billing provider. Purchasing admins must supply payment methods and possibly more account data; transaction amounts and other transaction information are processed. Wire uses it for billing and tax compliance. For direct customers it cites contract performance under Article 31(2)(a) FADP or Article 6(1)(b) GDPR; for others, such as employees of a customer, Article 6(1)(f) GDPR legitimate interests; tax collection and storage rely on Article 6(1)(c). The stated deletion period is within 12 months after contract termination or expiry of legal retention periods, so contract termination alone does not guarantee immediate deletion.
Supporting quotations
For Team-Admin or Team-Member accounts, additional billing information may be required and shared with the billing provider. To make purchases, admins must provide payment methods and possibly additional account data. Some transaction-related personal information, such as transaction amounts, is also processed.
Wire processes the payment-related data for the billing of our customer's purchases and to comply with tax laws. If you are our customer, i.e. our direct contractual partner, the legal basis for the processing of the above-mentioned is contract performance according to Art. 31 sec. 2 lit. a FADP or Art. 6 sec. 1 lit. b GDPR. Otherwise, for example if your employer is our customer, the data processing is based on Art. 6 sec. 1 lit. f GDPR (legitimate interest), in which case Wire has a legitimate interest in the billing of purchases to its customers. Insofar as we collect and store data for tax reasons, the legal basis is Art. 6 sec. 1 lit. c GDPR (compliance with legal obligations). Data is deleted within 12 months after contract termination or expiration of legal retention periods.