Terms of Service
Last Updated: February 10, 2024
These Terms of Service (“Terms”) govern your use of products, services, or any features, technologies, or functionalities related to merchant payment promise services (“Promise Services”) provided by Xusdt (“Xusdt,” “we”) through the Xusdt website, API, or any other means to you (“Merchant”).
By using the Promise Services, you accept and agree to be bound by these Terms and confirm that you have read, understood, and accepted all provisions.
1. Our Services
Xusdt is a blockchain/cryptocurrency payment tool that enables merchants to accept cryptocurrencies as payment methods in exchange for goods or services sold.
- Non-Exchange Declaration: Xusdt is not a cryptocurrency exchange and does not provide cryptocurrency custody services.
- Agency Authorization: By using the Promise Services, you authorize Xusdt as your agent to take all actions we deem necessary.
2. Representations and Warranties
The Merchant represents and warrants that:
- They are authorized to accept these Terms on behalf of the Merchant.
- The Merchant is legally established and in good standing.
- Use of the Promise Services complies with all applicable laws and regulations.
3. Your Merchant Account
3.1 Account Opening and Registration
To comply with anti-money laundering and counter-terrorism financing regulations, Xusdt needs to collect relevant merchant information, including but not limited to:
- Merchant name, address, contact information
- Business-related documents (e.g., company registration documents)
3.2 Consumer Verification
Some transactions may require consumer verification due to AML/CTF compliance obligations.
3.3 Prohibited Uses and Activities
Merchants are prohibited from:
- Illegal Activities: Violating any laws or regulations
- Abuse: Interfering with Xusdt systems or other users
- Fraud: Providing false information
3.4 Restricted Businesses
Certain businesses may be restricted, including charitable organizations, foreign exchange services, etc.
4. Use of Third-Party Services
Using Xusdt services may involve additional services or products provided by third parties. Merchants assume the risks of using third-party services.
5. Security and Wallet Safety
5.1 Security
Xusdt implements multi-layered security measures but cannot guarantee complete protection from unauthorized access.
5.2 Digital Wallet Security
Xusdt is not responsible for fund losses due to wallet security issues.
6. Privacy and Data Protection
Please refer to our Privacy Policy for details.
7. Intellectual Property
7.1 Service and Xusdt Website Ownership
Xusdt owns all intellectual property rights related to the services.
7.2 Use of Xusdt Trademarks
Merchants must use related trademarks according to Xusdt brand guidelines.
8. Advertising and Marketing
With the Merchant’s written consent, Xusdt may use the Merchant’s brand or information in promotional materials.
9. Invoicing and Fees
9.1 Invoice Generation
Merchants must create payment requests through Xusdt and bear exchange rate fluctuation risks.
9.2 Supported Cryptocurrencies
Xusdt may add or remove supported cryptocurrencies at any time.
10. Complaints
10.1 Consumer Complaints
Xusdt reserves the right to suspend merchant accounts due to excessive complaints.
10.2 Merchant Complaints
Merchants can contact Xusdt through:
- Email: [email protected]
- Telegram: https://t.me/xusdt_net
11. Fees
11.1 Miner Fees
Miner fees are determined by blockchain networks and relate to network congestion.
11.2 Payment Gateway Fees
Xusdt charges fees for cryptocurrency payment collection services.
12. Indemnification
Merchants must indemnify any claims, losses, or expenses arising from Terms violations.
13. No Warranty
Xusdt provides services “as is” without guaranteeing continuous availability or error-free operation.
14. Limitation of Liability
Xusdt is not liable for any indirect damages or loss of profits unless caused by gross negligence.
15. Miscellaneous
15.1 Taxes
Merchants are responsible for tax compliance.
15.2 Assignment
Merchants may not assign their rights under these Terms.
15.3 Governing Law and Arbitration
Terms are governed by Hong Kong law, disputes resolved through HKIAC.
15.4 Terms Updates
Xusdt reserves the right to update Terms and notify merchants via email.
15.5 Force Majeure
Xusdt is not responsible for service interruptions due to force majeure.
15.6 Confidentiality
Both parties must maintain confidentiality of disclosed confidential information.
For more details, please visit Xusdt Website or contact Xusdt customer service team.