Terms of service is the agreement that sets the rules for using your product: what users may and may not do, your liability limits, and how disputes are handled. For an Online Marketplace, getting it right matters: Online marketplaces handle personal data from both buyers and sellers plus payment information, so most payment processors and consumer-protection laws expect a clear privacy policy and terms covering listings, transactions, and disputes. This free terms of service generator asks a few questions about your Online Marketplace and assembles a tailored document you can copy or download in seconds.
Why your Online Marketplace needs a terms of service
Clear terms of service protect you by setting expectations, limiting liability, and giving you grounds to suspend abusive accounts.
Online marketplaces handle personal data from both buyers and sellers plus payment information, so most payment processors and consumer-protection laws expect a clear privacy policy and terms covering listings, transactions, and disputes.
What an Online Marketplace terms of service should cover
A good terms of service for an Online Marketplace is specific to how your product works. At a minimum, address:
- Buyer and seller account data, and how it is shared between the two
- Payment processing, payouts, and any fees you take
- How listings, reviews, and disputes between users are handled
- Acceptance of the terms and who may use the product
- Acceptable-use rules and prohibited behavior
- Payment, refund, and cancellation terms if you charge
- Limitation of liability and governing law
How this generator works
PolicySmith builds your terms of service entirely in your browser — nothing you type is sent to a server. Answer the questions above about analytics, payments, AI features, and the regions your users live in, and the document updates to match. Export it as HTML or Markdown, paste it into your Online Marketplace, and link to it from your store listing or footer.
Frequently asked questions
Do I need separate policies for buyers and sellers on my marketplace?
Not necessarily — one privacy policy and one terms of service can cover both roles, as long as you clearly describe what data each side provides and how it is shared with the other party during a transaction.
Do I need terms of service if I already have a privacy policy?
They serve different jobs. A privacy policy explains data handling; terms of service set the contract for using your product. Most apps benefit from having both.
Can I edit the generated terms of service?
Absolutely. Export the document as Markdown or HTML and adjust the clauses to match how your product actually works.
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