Terms of Service

Effective Date: December 20, 2024

Powered by: [Your Company Legal Name]

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Welcome to PayArmorX, a non-custodial crypto payment gateway that connects buyers and sellers directly, eliminating the need for intermediaries while providing advanced security and fraud protection. By using our services, you agree to comply with the following terms and conditions (the "Terms"). Please review them carefully.

These Terms govern your access to and use of the PayArmorX.com website and all associated services (collectively, the "Services"). The Services are provided by [Your Company Legal Name] ("we," "us," or "our").

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1. Acceptance of Terms

By accessing or using our Services, you acknowledge that you have read, understood, and agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, you may not use our Services.

We may update these Terms from time to time. We will notify you of any material changes by posting the new Terms on our website and updating the "Effective Date" above. Your continued use of the Services after any such updates constitutes your acceptance of the new Terms.

2. Description of Service

PayArmorX provides a comprehensive crypto payment infrastructure that includes:

• Smart Contract Payment Splitting: Automated revenue distribution between merchants and platform
• Multi-Chain Support: Accept payments on multiple blockchain networks
• Fiat On-Ramp Integration: Customers can pay with credit cards, debit cards, and Apple Pay (converted to crypto)
• Non-Custodial Architecture: We never hold, manage, or control your crypto assets or funds
• Merchant Dashboard: Analytics, transaction history, and payment management tools
• API & SDK: Developer tools for seamless integration into your applications
• Loyalty Programs: Built-in customer loyalty and rewards system

We own all content on our platform, and we grant you a license to use it subject to these Terms. You maintain full control of your crypto assets at all times.

3. Eligibility

You must meet the following requirements to use our Services:

• Be at least 18 years old (or the age of majority in your jurisdiction)
• Have the legal capacity to enter into binding contracts
• Not be located in a jurisdiction where use of our Services is prohibited
• Not be on any government sanctions lists or restricted parties lists
• Comply with all applicable laws and regulations in your jurisdiction

By using our Services, you represent and warrant that you meet these requirements.

4. Account Registration and Security

4.1 Merchant Accounts

To use our merchant services, you must:

• Create an account with accurate and complete information
• Connect a valid blockchain wallet address
• Verify your identity as required by applicable laws
• Maintain the security and confidentiality of your account credentials
• Deploy a smart contract splitter (we provide deployment services)

4.2 Security Responsibilities

You are responsible for:

• Maintaining the confidentiality of your API keys and account credentials
• All activities that occur under your account
• Immediately notifying us of any unauthorized access or security breaches
• Securing your wallet private keys (we never have access to these)

4.3 API Keys

• API keys are provided for integration purposes only
• You must not share API keys publicly or with unauthorized parties
• You should rotate API keys regularly for security
• We may revoke API keys if we detect suspicious activity

5. User Obligations

You agree to:

• Provide accurate, current, and complete information
• Update your information promptly when it changes
• Use the Services only for lawful purposes
• Comply with all applicable laws, regulations, and industry standards
• Not attempt to circumvent any security features or limitations
• Report any bugs, vulnerabilities, or security issues to us immediately
• Pay all applicable fees and taxes related to your use of the Services

6. Prohibited Uses

You are expressly prohibited from using the Services to:

6.1 Illegal Activities

• Facilitate or promote any illegal activities
• Process payments for illegal goods or services
• Violate any local, state, national, or international law
• Engage in money laundering, terrorist financing, or sanctions violations

6.2 Fraudulent Activities

• Submit false, misleading, or fraudulent information
• Impersonate any person or entity
• Engage in any form of fraud or deception
• Process unauthorized or fraudulent transactions

6.3 Technical Abuse

• Introduce malicious software, viruses, or harmful code
• Attempt to hack, reverse engineer, or exploit vulnerabilities
• Conduct denial-of-service attacks or similar disruptions
• Scrape or harvest data without authorization
• Overload or interfere with our infrastructure

6.4 Rights Violations

• Infringe on intellectual property rights of others
• Violate privacy rights or data protection laws
• Use our branding or trademarks without permission

6.5 Platform Abuse

• Interfere with other users' use of the Services
• Create multiple accounts to evade restrictions
• Manipulate or game the loyalty program system

Violation of these prohibitions may result in immediate account suspension or termination and legal action.

7. Fees and Payment Terms

7.1 Transaction Fees

• Platform fees are deducted automatically via smart contract
• Merchants can set optional additional fees passed to customers
• Fee structures are configurable: customer-paid or merchant-absorbed
• Current fee rates are available on our Pricing Page

7.2 Payment Processing

• All payments are processed through blockchain smart contracts
• We do not process refunds - refunds must be handled directly between merchant and customer
• Failed transactions may not be automatically refunded due to blockchain network costs

7.3 Tax Responsibilities

• You are responsible for determining and paying all applicable taxes
• We may provide transaction reports for tax purposes
• Cryptocurrency taxation varies by jurisdiction - consult a tax professional

8. Intellectual Property Rights

8.1 Our Rights

We retain all rights, title, and interest in and to the Services, including:

• Website design, layout, and content
• Software, code, and algorithms
• Trademarks, logos, and branding
• Documentation and materials
• Smart contract code (excluding your deployed instances)

8.2 License Grant

We grant you a limited, revocable, non-exclusive, non-transferable license to use the Services for your personal or business transactions as outlined in these Terms.

8.3 Your Content

You retain ownership of any content you submit to the Services. By submitting content, you grant us a worldwide, royalty-free license to use, display, and process such content as necessary to provide the Services.

9. Privacy and Data Protection

Your privacy is crucial to us. Our collection, use, and protection of personal information in connection with the Services are described in our Privacy Policy. By using our Services, you consent to our data practices as described in the Privacy Policy.

10. Disclaimers and Limitation of Liability

10.1 Service Availability

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

We do not guarantee that:

• The Services will be uninterrupted, timely, secure, or error-free
• Defects will be corrected
• The Services are free of viruses or harmful components
• Results from using the Services will be accurate or reliable

10.2 Blockchain Risks

You acknowledge and accept the risks associated with blockchain technology and cryptocurrencies, including but not limited to:

• Price volatility
• Network congestion and transaction delays
• Smart contract vulnerabilities
• Irreversible transactions
• Regulatory uncertainty

10.3 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE SHALL NOT BE LIABLE FOR:

• Any indirect, incidental, special, consequential, or punitive damages
• Loss of profits, revenue, data, or use
• Business interruption
• Any damages arising from your use or inability to use the Services
• Any damages exceeding the fees you paid to us in the 12 months prior to the event giving rise to liability

10.4 Indemnification

You agree to indemnify, defend, and hold harmless PayArmorX and its affiliates, officers, directors, employees, and agents from any claims, liabilities, damages, losses, or expenses (including legal fees) arising out of or related to:

• Your use of the Services
• Your violation of these Terms
• Your violation of any rights of another party
• Your violation of any applicable laws or regulations

11. Termination

11.1 Termination by You

You may terminate your account at any time by contacting us at support@payarmorx.com. Upon termination:

• Your access to the Services will be revoked
• Existing smart contracts will continue to function (they cannot be terminated)
• You remain responsible for any outstanding obligations

11.2 Termination by Us

We may suspend or terminate your account immediately, without prior notice, if:

• You violate these Terms
• We suspect fraudulent or illegal activity
• Required by law or regulatory authorities
• You pose a security risk to the platform or other users
• Your account has been inactive for an extended period

11.3 Effects of Termination

Upon termination:

• All licenses granted to you will terminate
• You must cease all use of the Services
• Certain provisions of these Terms will survive termination (including intellectual property rights, disclaimers, and dispute resolution)

12. Dispute Resolution and Governing Law

12.1 Governing Law

These Terms are governed by and construed in accordance with the laws of [Your Jurisdiction], without regard to its conflict of law principles.

12.2 Dispute Resolution

Any disputes arising out of or related to these Terms or the Services will be resolved as follows:

1. Informal Resolution: First, contact us at support@payarmorx.com to attempt to resolve the dispute informally
2. Mediation: If informal resolution fails, both parties agree to attempt mediation
3. Arbitration: If mediation fails, disputes will be resolved through binding arbitration in accordance with [Applicable Arbitration Rules]
4. Venue: Any arbitration shall take place in [Your Jurisdiction]

12.3 Class Action Waiver

You agree to resolve disputes with us on an individual basis and waive any right to participate in class-action lawsuits or class-wide arbitration.

13. Compliance and Regulatory Matters

13.1 KYC/AML Compliance

We may require identity verification and comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. You agree to provide requested documentation promptly.

13.2 Sanctions Compliance

You represent that you are not located in, or a citizen of, any jurisdiction subject to comprehensive sanctions, and you will not use the Services for any prohibited purposes.

13.3 Regulatory Changes

We may modify the Services or these Terms to comply with applicable laws and regulations. We will provide reasonable notice of such changes when possible.

14. Miscellaneous

14.1 Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and PayArmorX regarding the Services.

14.2 Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions will continue in full force and effect.

14.3 Waiver

Our failure to enforce any right or provision of these Terms will not be deemed a waiver of such right or provision.

14.4 Assignment

You may not assign or transfer these Terms or your rights under these Terms without our prior written consent. We may assign these Terms without restriction.

14.5 Force Majeure

We shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, network failures, or blockchain network disruptions.

14.6 No Agency

Nothing in these Terms creates any agency, partnership, joint venture, or employment relationship between you and PayArmorX.

15. Changes to Terms

We reserve the right to modify or replace these Terms at any time, at our sole discretion. Material changes will be notified through:

• Email notification to your registered email address
• Prominent notice on our website
• In-app notification
• Updating the date at the top of these Terms

We will provide at least 30 days' notice for material changes. Your continued use of the Services after such notice constitutes acceptance of the new Terms.

16. Contact Us

For any questions, concerns, or legal notices, please contact us:

PayArmorX Support

• Email: support@payarmorx.com
• Website: https://payarmorx.com
• Address: [Your Business Address]

For legal notices, please also send correspondence to: legal@payarmorx.com

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By using PayArmorX, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.

Last updated: December 20, 2024