This page describes company risk policies and product practices.
Checkout Saver operates as a gift card dealer, purchasing inventory as principal, rather than operating as a money transmitter. Checkout Saver is not a money-services business, a licensed dealer, and is not subject to requirements under the Bank Secrecy Act AML program, but does make all reasonable attempts to adhere to this guidance regardless. At no time are users able to transfer their payables to other users. It does not claim that a Bank Secrecy Act program, bank-style customer identification program, or money-services license is in force.
Checkout Saver operates as a direct purchaser and reseller of eligible gift cards. We implement risk-based identity verification, transaction monitoring, and fraud prevention procedures to protect our customers and business. Additional identity or source-of-funds documentation may be required based on transaction value, account history, payment method, or identified risk.
Part of Checkout Saver’s intended model is to purchase gift cards as principal and resell them. A member “balance” is intended to mean amounts Checkout Saver owes the member — cashback as a rebate and/or seller proceeds as a trade payable — paid to an external destination the member selects (which may include PayPal; bank accounts; optionally a rewards gift card through a provider as a form of paying that payable), not a general-purpose stored-value wallet for peer-to-peer transfers, loading arbitrary funds, or remittance.
1. Purpose
Checkout Saver operates a consumer website for coupons, cashback, and discounted gift cards and more. People can also submit gift cards for sale. Checkout Saver’s intended commercial model is to purchase gift cards as principal for its own inventory and later resell them. Sellers and buyers do not contract with each other. Cashback is intended to be a rebate Checkout Saver owes; seller proceeds are intended to be a trade payable — both paid externally, not operated as remittance.
This policy explains how Checkout Saver approaches fraud, identity, and sanctions risk on a risk-based basis. Where a step is a voluntary company policy, it is labeled that way.
2. Customer identification
Basic account opening collects the information the registration form requires, including name, email, and a password, and requires email verification before a gift card can be submitted for sale. A large variety of client identifiers can be collected and used for customer identity verification, including but not limited to: IP address, email, name, password, location, activity logs, access logs, etc.
Identity verification may be performed on a risk-based basis, including when Checkout Saver requires it before a payout, after a risk review, or when otherwise warranted. Verification is not described here as required of every customer in every case, and this policy does not claim that a bank-style CIP applies.
Checkout Saver may distinguish among:
- Basic customer. Account registration and email verification where the product already requires it.
- Seller. A person who submits a gift card. Additional identity checks may be required before a payout or when risk warrants.
- Business seller. If offered, may require business documents and ownership information.
- Higher-risk seller. A person Checkout Saver reviews more closely because of disputes, balance problems, duplicate/similar account detection, or sanctions concerns.
3. Identity-verification providers
Checkout Saver may use a third-party identity-verification provider as necessary. Such providers include but are not limited to Persona, Sumsub, Socure, Entrust/Onfido, and Stripe Identity.
Checkout Saver reserves the right to require Sellers to complete identity-verification measures before being able to sell gift cards.
4. Sanctions
U.S. sanctions administered by the Office of Foreign Assets Control apply to U.S. persons whether or not a firm is a money-services business. Checkout Saver may perform sanctions screening, and may screen customers, sellers, or payout destinations against applicable sanctions lists, on a risk-based basis when required by law, by a processor, or by company policy.
Sanctions screening is distinct from fraud monitoring. A fraud or selling restriction is not, by itself, a sanctions determination.
5. Transaction monitoring
Checkout Saver records gift card listings, duplicate submissions, balance checks, purchases, wallet entries, and withdrawal requests. Staff may review listings and withdrawals in the admin tools. The browser extension may report balance-check telemetry and installation or usage events tied to an account when the user is signed in.
The intended commercial chain is: seller offers a card, Checkout Saver buys it, Checkout Saver holds inventory, Checkout Saver sells it, and the buyer contracts with Checkout Saver. That chain does not create a contract between the seller and the buyer.
Internal fraud tools, including trust scores and selling restrictions, may be used to address marketplace abuse. They are not described here as a Bank Secrecy Act transaction-monitoring program, and their scores are not published.
As a company purchase-limit policy, Checkout Saver limits prepaid or gift-card purchases to $10,000 face value per person per day and refuses transactions that would exceed that limit. That is a company control designed to address prepaid-access risk. This page does not claim that a particular statutory exclusion or exemption under federal prepaid-access rules is already established.
6. Seller risk tiers
Checkout Saver uses proprietary technology to determine Seller risk tiers and restrict activity as appropriate. These tiers can be determined based on account activity, failed cards, positive history, and more. These risk statistics are for internal use only.
7. Enhanced review
Enhanced review of source of cards, business sellers, and higher-risk payouts may be performed as a voluntary company policy when risk warrants. Staff may refuse a listing, ask a user to open a support ticket, and restrict selling or buying through existing review tools. This page does not claim a bank-style enhanced due diligence program.
8. Suspicious activity
Checkout Saver will investigate unexpected balance drops, duplicate cards, disputed purchases, and withdrawal patterns that do not match the account. A balance drop is not treated on this policy page as automatic proof of fraud. The live product can already restrict selling when a listed card’s balance falls. That existing tool is unchanged by this policy.
FinCEN’s SAR rule for money transmitters applies to money transmitters. Stored-value sellers are not, by that FinCEN description alone, in the SAR category. Checkout Saver does not claim an independent SAR duty and does not file under this policy.
If a filing duty later applies, staff will not tell the subject that a report was filed. Until that duty exists, Checkout Saver may still limit what it tells a user during a fraud review so the review is not undermined. Customers can dispute an account restriction through support.
9. Cryptocurrency
Two cryptocurrency flows exist.
- Buying inventory cards with cryptocurrency. The application includes NOWPayments so a buyer can pay Checkout Saver in cryptocurrency for a gift card. That is a customer paying Checkout Saver for goods, through a third-party processor. It is not a seller payout or a transfer between different users.
- Paying a seller in cryptocurrency. The application also includes cryptocurrency withdrawals to accounts owned by the seller as an option for payment for their gift card Offer. At no point in this process does Checkout Saver take custody, exchange currencies, maintain customer balances, or transmit assets for others.
10. Records
If Checkout Saver were a money-services business, Bank Secrecy Act recordkeeping rules would generally require certain records to be kept for five years. That duty is not established. As a voluntary matter, Checkout Saver keeps account, order, listing, and withdrawal records for operations, disputes, and tax questions, for as long as the product and the Privacy Policy describe.
Checkout Saver will not keep identity-document images or biometrics in its own database as a default. If a verification vendor is enabled, the preferred record is the vendor’s decision, a session identifier, and the time of the decision. Image retention follows the vendor’s settings and the Privacy Policy, and should be minimized.
11. Privacy and security
Personal information is handled under the Privacy Policy, including the browser-extension section of that policy. This page does not expand collection. It does not publish fraud thresholds, similarity scores, or detection rules.
Security controls in the product include login protections, admin permissions, and IP and abuse tooling used to block attacks. Those controls are operational security. They are not a certification, and this page names no audit standard Checkout Saver has not completed.
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