Last updated: June 2026
This Privacy Policy explains how WrapIQ collects, uses, and protects your information.
| Category | Examples | How it's protected |
|---|---|---|
| Account data | Your name, work email, company name, password | Passwords are hashed with PBKDF2-SHA256 (per-user salt, 100,000 iterations) and are never stored in plaintext or recoverable form |
| Application data | Employee names, labor categories, salaries, bill rates, and indirect rate assumptions you enter | Encrypted at rest with AES-256-GCM before storage; not visible to WrapIQ employees |
| Billing data | Card details and payment info | Handled entirely by Stripe (PCI-DSS Level 1); we store only a customer reference and subscription status — never card numbers |
| Uploaded documents | Financial documents you upload for rate calculation | Transmitted over TLS for analysis and not stored — only the extracted rate percentages are returned |
All data is transmitted over encrypted TLS 1.2/1.3 connections. See Data Storage & Security below for full details.
We use your data solely to provide and operate the Service: authenticating you, storing your rate model, processing payments, and generating rate calculations. We do not sell your data or use it for advertising.
Your application data — including all employee names, salaries, bill rates, and rate assumptions — is encrypted at rest using AES-256-GCM before it is written to storage. The encryption key is held as a protected secret, separate from the data itself.
Your application data is not visible to WrapIQ employees. Because it is encrypted at rest, no member of our team — including engineers and support staff — can read your salary figures, employee information, or rate data. We operate on a zero-visibility basis for your sensitive business data.
All data in transit is protected by TLS 1.2/1.3. Passwords are hashed using PBKDF2 with per-user salts (100,000 iterations) and are never stored in plaintext or recoverable form.
| Provider | Purpose |
|---|---|
| Cloudflare | Hosting, data storage, content delivery |
| Stripe | Payment processing |
| Resend | Transactional email (password reset, invites) |
| Anthropic | AI rate calculation from uploaded documents |
Financial documents you upload for the "Calculate My Rates" feature are transmitted to Anthropic's API for analysis and are not stored by WrapIQ. Only the extracted rate percentages are returned and used.
We retain your data for as long as your account is active. Upon cancellation and account deletion, your organization's data is permanently removed from our systems. You may request deletion at any time.
You may access, correct, export, or delete your data at any time through the app or by contacting us. For organizations subject to specific regulations, see our Data Processing Agreement.
Privacy questions: privacy@wrapai.com