Privacy Policy

Last updated: June 24, 2025

Introduction

This Privacy Policy describes how Oilpatch Broker, operated by Sooner Brokers LLC ("we," "us," or "our") collects, uses, and shares your personal information when you use our oil field equipment and services marketplace website and services.

Information We Collect

We collect information that you provide directly to us, including:

Personal Information

• Name and contact information
• Account credentials
• Payment information (processed securely through Stripe)
• Profile information
• Communication preferences
• Listing details and descriptions

Usage Information

• How you interact with our platform
• Search queries and browsing history
• Device and browser information
• IP address and location data

How We Use Your Information

We use the information we collect to:

• Provide and maintain our marketplace services
• Process your transactions and payments
• Send you notifications and updates
• Communicate with you about your account and listings
• Improve our platform and user experience
• Ensure platform security and prevent fraud
• Comply with legal obligations

Information Sharing

We do not sell, trade, or rent your personal information to third parties. We may share your information only in the following circumstances:

• With your consent
• Other users (as necessary for transactions - sharing contact info between buyers and sellers)
• Service providers who assist in operating our platform
• Legal authorities (when required by law or to protect our rights)

Data Security

We implement appropriate security measures to protect your personal information against unauthorized access, alteration, disclosure, or destruction. This includes:

• Encryption of sensitive data
• Secure payment processing through Stripe
• Regular security audits and updates
• Limited access to personal information

Payment and Financial Information

When you use our marketplace for transactions, we handle financial information as follows:

Payment Processing

• Third-Party Processing: All payment information is processed securely by Stripe, our payment processor
• No Stored Payment Data: We do not store your credit card or banking information on our servers
• Transaction Records: We maintain records of transaction amounts, dates, and parties for business and legal purposes
• Fee Transparency: All platform fees (3.7% of sale price) are clearly disclosed before transaction completion

Seller Financial Data

• Stripe Connect Accounts: Sellers must create Stripe Connect accounts for payment processing
• Identity Verification: We may collect identity verification documents for compliance purposes
• Tax Information: We may collect tax identification numbers as required by law
• Transaction Monitoring: We monitor transactions for compliance and security purposes

Data Retention

• Transaction Records: Financial transaction records are retained for 7 years as required by law
• Verification Documents: Identity verification documents are retained as long as necessary for compliance
• Right to Deletion: You may request deletion of personal data, subject to legal record-keeping requirements

Your Rights

You have the right to:

• Access your personal information
• Correct inaccurate information
• Request deletion of your information
• Opt-out of marketing communications
• Request a copy of your data

Contact Us

If you have any questions about this Privacy Policy, please contact us at: