About using the website:
By using this website, you are agreeing to all the terms mentioned below in this notice. Below mentioned outlines the important terms which apply to all the dealings you have with PAYPOUND and its subsidiaries. We expect you to read this carefully to fully understand the terms of engagement.
By accepting the terms in this notice, the customer warrants that
1.The customer using this website/accepting the terms is 18 years of age or older
2.The information provided by the customer is true and accurate
3.You will update PAYPOUND about any changes to the information that was previously provided.
4.The customer has legal authority to accept the terms and condition
Warranties and Accountability
The payment services by PAYPOUND is provided without any warranty whatsoever. The acquiring banks claim all the rights to change the terms of engagement at any point in time and the same will be reflected in the agreement the customer has with PAYPOUND.
While we make every effort to make sure that the content on this website is true to its nature, PAYPOUND does not assure the customer of any representations or warranties in relation to the completeness of the details found on the website. We also do not warrant that the information on this site is kept up to date, to be true and not misleading.
We do not pledge that the servers that make this website is virus-free or bug-free and you agree that it is your responsibility to take necessary precautions to protect yourself against possible threats. We request you to scan all or any files before downloading.
No content on this website should be taken as an alternate for professional advice or a formal recommendation as we do not assure any representations or warranties relating to the content on this site.
Under no circumstances will PAYPOUND be held responsible for indirect, accidental, consequential damage or loss of any kind whatsoever including but not limited to loss of money, loss of contracts, data, information, business relationships that arise as a result of accessing the contents on this site.
No content in this notice excludes any assurance implied by law for death, personal injury, potential fraud or anything else which it would not be lawful for PAYPOUND to exclude
License to use this website
By using this website you accept all the terms mentioned and accept them as reasonable. Materials used on this website which includes the texts and images are protected by copyright and is copyright to PAYPOUND unless proven otherwise. It must not be downloaded, copied, transmitted or republished in any form except for your own non-commercial use. Prior written consent of the copyright holder must be present for any other use of the information. No content on this site shall be republished or distributed for financial or commercial purpose.
Links to other websites and products
In exchange for the services provided by PAYPOUND, you agree to pay us the fees which includes but is not limited to transactions fees, maintenance charges, chargeback fees mentioned in the agreement you have with PAYPOUND. We hold the right to make changes to our fees at any point in time which is subject to seven (7)days notice period before the new fees take effect. All and any settlements/payouts will be remitted to your bank account after all the fees are deducted which includes but not limited to transaction fees, maintenance charges, rolling reserve, chargeback fees, processing fees.
Taxes and Fines
Merchant shall pay sales, excise, import, export, value-added or any similar tax and may not hold PAYPOUND accountable. Such taxes and fees paid by the merchant shall not be considered as a part of payments to PAYPOUND. Merchant shall pay any or all the fines imposed by the bank/acquirer/card network on the account and shall not hold PAYPOUND accountable for the same.
Terms of Engagement and termination
1.We are not the actual acquirers, we only facilitate businesses by connecting them to the most feasible bank.
2. Payouts/ Settlements are sent to us directly from the acquirer after which it is released to the merchant.
3. The PSP or the acquiring reserves all rights to change the terms of the agreement at any point of time which includes but is not limited to payment terms, rolling reserve, processing charges as and when required to handle any risk or to adjust to the change in market trends
4. We are not accountable if the PSP or the acquirer holds the funds for any reason.
5. The merchant/ business is responsible to pay any or all penalties charged by the acquirer/ PSP/ VISA or MasterCard
Adherence to VFMP ( Visa Fraud Monitoring Program) guidelines is very important and failing to do so will result in a penalty levied by the acquiring banks which is payable with immediate effect for violating the terms of the agreement.
You cannot make a claim against us ( payment service provider) or hold us or the processor responsible for any acts or omission of others, outside the usual business practices, this includes but is not limited to representatives of the organization ( payment service provider). Such incidents can result in obligations of indemnification, audit, confidentiality and all the conditions mentioned in the agreement. The validity of these conditions will be effective even after the term of the agreement and the compliance must have adhered even in the event of termination.
Law and Jurisdiction
This notice should be interpreted and governed by European law and any disputes relating to this are only subject to the jurisdiction of Europe.
We always hold the right to revise or make changes to this notice from time to time and the revised version will be deemed to be effective from the first date of publication on this website.
By using this website, you hereby consent to our disclaimer and confirm that you agree to its terms.
Should we update, change or amend anything on this document, the changes will be prominently mentioned here.
This website is owned by PAYPOUND.