Buyers will never receive personal information from you when you sell on BuiltByBit.
On every marketplace platform that we’re aware of, buyers are told your full name and in some cases your address. This is because they integrate gateways such as PayPal/Stripe directly who do it to ensure the buyer knows who they are sending money to, and to protect both the buyer and the seller from fraud. Additionally, PayPal and other gateways requires this information in order to comply with anti-money laundering and Know Your Customer regulations. By having this information, PayPal can ensure that the funds are being sent to the correct person and that the transaction is legitimate.
With BuiltByBit’s resource marketplace you’re not directly selling your products to buyers. Instead, you’re licensing them to Tebex and they are selling to your buyers, with Tebex then paying you a royalty. For this reason, buyers and even BuiltByBit don’t need to know your name/address and this keeps you safe.
In a world of ever-growing technology, it is becoming increasingly important to protect ourselves and our data online. One way to do this is by using payment platforms that do not reveal your full name and address to buyers. By keeping creator information private, you can be sure that your personal data is not being used by others for their own gain. This also protects you from potential identity theft and other malicious activities.