Terminal Agreement

Last Updated: 12th November 2024

1. Introduction

This document outlines the Terms and Conditions ("Terms") governing the use of Buldiy Payments' services, software, and hardware ("Services").By using our Services, you agree to be bound by these Terms. If you do not agree, please discontinue use of the Services.

2. Definitions

"User" refers to any individual or business entity using Buldiy Payments Services."Services" includes all software applications, payment processing, hardware, and related support provided by Buldiy Payments."Hardware" includes any physical devices, such as card readers or terminals, provided by Buldiy Payments.

3. Account Registration and Security

To access our Services, you must create an account. You are responsible for maintaining the confidentiality of your account details and for all activities that occur under your account.You agree to provide accurate and up-to-date information, and notify Buldiy Payments of any unauthorized use of your account.

4. Use of Services

Our Services are designed solely for lawful payment transactions. Users are prohibited from using the Services for any illegal or prohibited activities, including fraud, money laundering, or other illicit transactions.Users agree to comply with all applicable laws and regulations, including Cyprus payment regulations and international financial compliance standards.

5. Fees and Payment Terms

Buldiy Payments charges fees for the use of certain Services. These fees are disclosed on our website and may be updated periodically. By using our Services, you agree to pay all applicable fees, which will be automatically deducted from your account or charged directly, depending on the arrangement.

6. Hardware Purchases and Warranty

Buldiy Payments offers hardware devices for purchase. These devices come with a [standard warranty period] covering manufacturing defects.Users must contact Buldiy Payments for hardware support within the warranty period for any defects. The warranty does not cover damage caused by misuse, unauthorized modifications, or external factors.

7. Data Privacy and Security

Buldiy Payments collects and processes personal and transaction data in accordance with our Privacy Policy.We implement industry-standard security measures to protect data but cannot guarantee absolute security. Users agree to keep their accounts and passwords secure. By using the Services, Users consent to Buldiy Payments’ collection, use, and disclosure of data as described in our Privacy Policy.

8. Intellectual Property

All intellectual property rights related to our software, hardware, and branding remain with Buldiy Payments. Users are granted a non-exclusive, limited license to use the Services for the purposes outlined in these Terms.Users may not copy, modify, or reverse engineer any part of our software or hardware without prior written consent.

9. Termination and Suspension

Buldiy Payments reserves the right to suspend or terminate your access to the Services at our discretion, especially in cases of non-compliance, suspected fraud, or misuse.Users may terminate their account by notifying Buldiy Payments in writing. Termination does not release Users from any outstanding payment obligations.

10. Liability and Disclaimer of Warranties

Buldiy Payments provides the Services "as is" without warranties of any kind, express or implied. We disclaim all warranties, including merchantability, fitness for a particular purpose, and non-infringement.Buldiy Payments is not liable for any indirect, consequential, or incidental damages arising from your use of the Services, including, but not limited to, loss of revenue, data, or reputation.

11. Indemnification

Users agree to indemnify and hold harmless Buldiy Payments, its affiliates, and employees from any claims, damages, or expenses (including legal fees) arising from their use of the Services or violation of these Terms.

12. Modifications to Terms

Buldiy Payments reserves the right to modify these Terms at any time. Users will be notified of significant changes via email or through our website. Continued use of the Services after modifications constitutes acceptance of the updated Terms.

13. Governing Law and Jurisdiction

These Terms are governed by and interpreted under the laws of Cyprus. Any disputes arising from or relating to these Terms will be subject to the exclusive jurisdiction of Cyprus courts.

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