Marketplaces are data controllers for both buyers and sellers, making their privacy obligations more complex than single-sided platforms. You're responsible for how third-party sellers handle buyer data transacted through your platform, and you must disclose data sharing between parties, dispute resolution processes, and rating/review systems. The GDPR (General Data Protection Regulation) is the world's most comprehensive data privacy law, applying to any organization that processes data of EU residents โ regardless of where the organization is based.
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The GDPR (General Data Protection Regulation) is the world's most comprehensive data privacy law, applying to any organization that processes data of EU residents โ regardless of where the organization is based. Non-compliance can result in fines of up to โฌ20 million or 4% of annual global turnover, whichever is higher.
Marketplaces are data controllers for both buyers and sellers, making their privacy obligations more complex than single-sided platforms. You're responsible for how third-party sellers handle buyer data transacted through your platform, and you must disclose data sharing between parties, dispute resolution processes, and rating/review systems.
Data typically collected by Marketplace businesses: buyer and seller profiles, transaction history, messaging data, payment details, reviews and ratings, ID verification data
Yes โ under GDPR, a Cookie Policy is legally required. You must obtain consent from users before placing non-essential cookies, and your policy must clearly explain which cookies you use and why.
A typical Marketplace website uses: essential session cookies, analytics cookies (Google Analytics, etc.), functional preference cookies, and marketing/advertising cookies if you run paid campaigns. Each type must be disclosed in your Cookie Policy with its purpose.
Under GDPR, a Cookie Policy alone is not sufficient. You must also implement a consent mechanism (cookie banner) that allows users to accept or reject non-essential cookies before they are placed.