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Terms of Use

By using this website, any of our websites and/or services, you agree to these Terms of Use. 

 

This Terms of Use is an agreement between you and Virtual PayPal Terminal. It details Virtual PayPal Terminal's obligations to you. It also highlights certain risks on using the services and you must consider such risks carefully as you will be bound by the provision of this Agreement through your use of this website or any of our services. 

Privacy Policy

 

Virtual PayPal Terminal is committed to managing your Personal Information in line with global industry best practices. You can read our Privacy Policy to understand how we use your information and the steps we take to protect your information. 

Age Restriction

 

Our website and services are not directed to children under 18. We do not knowingly transact or provide any services to children under 18.

Disputes & Reversal

 

If you believe that an unauthorized or otherwise problematic transaction has taken place, you agree to notify us immediately, to enable us take action to help prevent financial loss.

 

All claims against us related to payments should be made within 14 (fourteen) days after the date of such payment. It will be taken that you waive all claims against us, to the fullest extent of the law after the said period of time.

 

If you enter into a transaction with a third party and have a dispute over the goods or services you purchased, we have no liability for such goods or services. Our only involvement with regard to such transaction is as a payment gateway.

 

We may intervene in disputes between users and merchants concerning payments but have no obligation to do so.

 

Your transaction ID and/or transaction details will be required to resolve all disputes

Acceptable Use Policy

 

You are independently responsible for complying with all applicable laws related to your use of our website and services. However, by accessing or using Virtual PayPal Terminal, you agree to comply with the terms and conditions of our Acceptable Use Policy which you can read on our Acceptable Use Policy page. 

Disclaimers

 

WE TRY TO KEEP Virtual PayPal Terminal AVAILABLE AT ALL TIMES, BUG-FREE AND SAFE, HOWEVER, YOU USE IT AT YOUR OWN RISK.

 

OUR WEBSITE AND SERVICES ARE PROVIDED AS IS WITHOUT ANY EXPRESS, IMPLIED AND/OR STATUTORY WARRANTIES (INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED OR STATUTORY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR PURPOSE, TITLE, AND NON-INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS). WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, Virtual PayPal Terminal MAKES NO WARRANTY THAT OUR WEBSITE AND SERVICES WILL MEET YOUR REQUIREMENTS OR THAT OUR WEBSITE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR FREE. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU THROUGH OUR WEBSITE OR FROM Virtual PayPal Terminal, ITS PARENTS, SUBSIDIARIES, OR OTHER AFFILIATED COMPANIES, OR ITS OR THEIR SUPPLIERS (OR THE RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS OF ANY SUCH ENTITIES) (COLLECTIVELY, "Virtual PayPal Terminal PARTIES") SHALL CREATE ANY WARRANTY. 

Limitation of Liability

 

IN NO EVENT WILL ANY OF THE  Virtual PayPal Terminal PARTIES BE LIABLE FOR (A) ANY INDIRECT, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES OR (B) ANY DAMAGES WHATSOEVER IN EXCESS OF THE AMOUNT OF THE TRANSACTION OR TWENTY THOUSAND UNITED STATES DOLLARS (US$20,000.00) DOLLARS, WHICHEVER IS LESSER (INCLUDING, WITHOUT LIMITATION, THOSE RESULTING FROM LOSS OF REVENUES, LOST PROFITS, LOSS OF GOODWILL, LOSS OF USE, BUSINESS INTERRUPTION, OR OTHER INTANGIBLE LOSSES), ARISING OUT OF OR IN CONNECTION WITH Virtual PayPal Terminal's WEBSITE OR SERVICES (INCLUDING, WITHOUT LIMITATION, USE, INABILITY TO USE, OR THE RESULTS OF USE OF Virtual PayPal Terminal's WEBSITES OR SERVICES), WHETHER SUCH DAMAGES ARE BASED ON WARRANTY, CONTRACT, TORT, STATUTE, OR ANY OTHER LEGAL THEORY.

Exclusions

 

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain damages. Accordingly, some of the above disclaimers and limitations of liability may not apply to you. To the extent that any Virtual PayPal Terminal Party may not, as a matter of applicable law, disclaim any implied warranty or limit its liabilities, the scope and duration of such warranty and the extent of the Virtual PayPal Terminal's Party's liability shall be the minimum permitted under such applicable law.

Updates, Modifications & Amendments

 

We may need to update, modify or amend our Terms of Use as our technology evolves. We reserve the right to make changes to this Terms of Use at any time by giving notice to users on this page. 

 

We advise that you check this page often, referring to the date of the last modification on the page If a user objects to any of the changes to the Terms of Use, the User must cease using our website and/or services immediately.

Legal Disputes

 

We shall make an effort to settle all disputes amicably. 

Severability

 

If any portion of these Terms of Use is held by any court or tribunal to be invalid or unenforceable, either in whole or in part, then that part shall be severed from these Terms of Use and shall not affect the validity or enforceability of any other part in this Terms of Use.  

 

By signing up for an account on this website (www.virtualpaypalterminal.com), any of our websites and/or services, you are deemed a merchant and agree to these Merchant Terms of Service (the Agreement).   

 

PLEASE READ THESE MERCHANT TERMS OF SERVICE CAREFULLY BEFORE SIGNING UP. If you do not agree to any or all of these Terms of Service, DO NOT USE THIS SITE!

About Us 

 

Virtual PayPal Terminal (we, us,our) is an online payment platform that makes it easy for users to receive their PayPal payments online from customers around the world which they can either withdraw to their Bank or convert to Bitcoin.

 

We are an independent contractor for all PayPal services, providing this website and our services on an independent service provider basis. We do not endorse, have control or assume the liability or legality for the payments received. We do not guarantee any users identity and cannot ensure that a buyer or seller will complete a transaction.  

Agreement

 

These Merchant Terms of Service is an agreement between you and Virtual PayPal Terminal. It details Virtual PayPal Terminals obligations to you. It also highlights certain risks on using the services and you must consider such risks carefully as you will be bound by the provision of this Agreement through your use of this website or any of our services. 

Registration

 

To use Virtual PayPal Terminal, you have to create a Virtual PayPal Terminal account by registering. To register, you will provide us with certain information such as your email, first name, last name, business name and phone number and we may seek to verify your information, (by ourselves or through third parties), after which we will approve your account unless deemed risky. You give us permission to do all these.

Change of Information

 

In the event that you change any information provided to us at registration including your business name, address, financial institution, mode of payments or the products and services that you offer, or where a corporate restructuring occurs you agree to notify us within 14 days of such change.  We may be unable to respond to you if you contact us from an address, telephone number or email account that is not registered with us

Representation and Warranties

 

You represent and warrant to Virtual PayPal Terminal that: 

you have full power and authority to enter into, execute, deliver and perform this Agreement; 

you are duly organised, authorised and in good standing under the laws of your region or any state, region or country of your organisation and are duly authorised to do business in all other states, regions or countries in which your business operates.

Age Restriction

 

Our website and services are not directed to children under 18. We do not knowingly transact or provide any services to children under 18. 

Account Security

 

You agree not to allow anyone else to have or use your password details and to comply with all reasonable instructions we may issue regarding account access and security. In the event you share your password details, Virtual PayPal Terminal will not be liable to you for losses or damages. You will also take all reasonable steps to protect the security of the personal electronic device through which you access Virtual PayPal Terminal's services (including, without limitation, using PIN and/or password protected personally configured device functionality to access Virtual PayPal Terminal's services and not sharing your device with other people).

Data Compliance

 

You agree to comply with all applicable data privacy and security requirements under the Payment Card Industry Data Security Standard (Association PCI DSS Requirements) with regards to your use, access, and storage of certain credit card non-public personal information. Additionally, you agree to comply with your obligations under any applicable law or regulation as may be in effect or as may be enacted, adopted or determined regarding the confidentiality, use, and disclosure of cardholder information. Information on the PCI DSS can be found on the PCI Councils website. It is your responsibility to comply with these standards

 

We acknowledge that you own all your customers data. You hereby grant Virtual PayPal Terminal a perpetual, irrevocable, sub-licensable, assignable, worldwide, royalty-free license to use, reproduce, electronically distribute, and display your customers data for the following purposes: 

providing and improving our services like reviews and promotions;

internal usage, including but not limited to, data analytics and metrics so long as individual customer data has been anonymized and aggregated with other customer data; 

complying with applicable legal requirements and assisting law enforcement agencies by responding to requests for the disclosure of information in accordance with local laws; and 

any other purpose for which consent has been provided by your customer.

Software License

 

Each party shall retain all intellectual property rights including all ownership rights, title, and interest in and to its own products and services, subject only to the rights and licenses specifically granted herein.

Publicity

 

You hereby grant Virtual PayPal Terminal permissions to use your name and logo in our marketing materials including, but not limited to use on our website, in customer listings, in interviews and in press releases. Such Publicity does not imply an endorsement for your products and services. 

Confidential Information

 

The parties acknowledge that in the performance of their duties under this Agreement, either party may communicate to the other (or its designees) certain confidential and proprietary information, including without limitation information concerning each partys services, know how, technology, techniques, or business or marketing plans (collectively, the Confidential Information) all of which are confidential and proprietary to, and trade secrets of, the disclosing party. Confidential Information does not include information that: (i) is public knowledge at the time of disclosure by the disclosing party; (ii) becomes public knowledge or known to the receiving party after disclosure by the disclosing party other than by breach of the receiving partys obligations under this section or by breach of a third partys confidentiality obligations; (iii) was known by the receiving party prior to disclosure by the disclosing party other than by breach of a third partys confidentiality obligations; or (iv) is independently developed by the receiving party.

 

As a condition to the receipt of the Confidential Information from the disclosing party, the receiving party shall: (i) not disclose in any manner, directly or indirectly, to any third party any portion of the disclosing partys Confidential Information; (ii) not use the disclosing partys Confidential Information in any fashion except to perform its duties under this Agreement or with the disclosing partys express prior written consent; (iii) disclose the disclosing partys Confidential Information, in whole or in part, only to employees and agents who need to have access thereto for the receiving partys internal business purposes; (iv) take all necessary steps to ensure that its employees and agents are informed of and comply with the confidentiality restrictions contained in this Agreement; and (v) take all necessary precautions to protect the confidentiality of the Confidential Information received hereunder and exercise at least the same degree of care in safeguarding the Confidential Information as it would with its own confidential information, and in no event shall apply less than a reasonable standard of care to prevent disclosure.

Know Your Customer

 

You agree that, you are solely responsible for verifying the identities of your customers, ensuring that they are authorised to carry out the transactions on your platform, and determining their eligibility to purchase your products and services. 

 

You are also required to maintain information and proof of service or product delivery to your customer. Where a dispute occurs needing resolution, you may be required to provide Virtual PayPal Terminal with these. 

Card Network Rules

 

Each card network has its own rules, regulations and guidelines. You are required to comply with all applicable Network Rules that are applicable to merchants. You can review portions of the Network Rules at Mastercard, Visa, Verve and other payment cards.The Card Networks reserve the right to amend the Network Rules.

Customer Payments

 

You may only process payments when authorised to do so by your customer. We will only process transactions that have been authorised and legal.We reserve the right to terminate a transaction without prior notice to account owner.

 

We do not guarantee or assume any liability for transactions authorised and completed that are later reversed or charged back (see Chargebacks below). You are solely responsible for all reversed or charged back transactions, regardless of the reason for, or timing of, the reversal or chargeback. Virtual PayPal Terminal may add or remove one or more payment types or networks at any time. If we do so we will use reasonable efforts to give you prior notice of the removal.

Our Fees & Pricing Schedule

 

You agree to pay us for the services we render as a payment gateway for your PayPal services. 

 

We reserve the right to revise our Fees. In the event that we revise our fees we will notify you within 5 days of such change. 

Payouts

 

Subject to the terms of this Agreement, Virtual PayPal Terminal will send to your designated bank or Bitcoin account all amounts settled and due to you from your transactions, minus our fees as stated in the Fee Schedule, any Reversals, Invalidated Payments, Chargebacks, Refunds or other amounts that you owe to Virtual PayPal Terminal under this Agreement (Payout). If the Payout is not sufficient to cover the amounts due, you agree that we may debit your Bank Account for the applicable amounts, and/or set-off the applicable amounts against future Payouts. Upon our request, you agree to provide us with all necessary bank account and related information and grant us permission to debit amounts due from your Virtual PayPal Terminal Account.

 

After transfer of funds is initiated to your Bank Account or Bitcoin wallet, we will update information on your Virtual PayPal Terminal Dashboard to reflect settlement. Information regarding your transactions that are processed and settled using Virtual PayPal Terminal (Transaction History) will be available to you when you login to your Virtual PayPal Terminal Dashboard. While we will provide Transaction History in your Virtual PayPal Terminal Dashboard, you are solely responsible for compiling and retaining permanent records of all transactions and other data associated with your Virtual PayPal Terminal account as may be required for your business. Virtual PayPal Terminal is not responsible for maintaining Transaction History or other records in a manner consistent with your record retention obligations.

Payout Schedule

 

We reserve the right to change your Payout Schedule, suspend payouts to your Bank Account/Bitcoin wallet or initiate a Reversal should we deem it necessary due to pending disputes, excessive or anticipated excessive Chargebacks or Refunds, or other suspicious activity associated with your use of Virtual PayPal Terminal, or if required by law or court order.

How we handle your Funds

 

You authorise and instruct Virtual PayPal Terminal to hold, receive, and disburse funds on your behalf when such funds from your transactions settle from the PayPal Networks. By accepting this Agreement, you further authorise Virtual PayPal Terminal on how your transaction settlement funds should be disbursed to you as Payouts and the timing of such Payouts. 

 

You agree that you are not entitled to any interest or other compensation associated with the settlement funds held by Virtual PayPal Terminal pending settlement and Payout to your Bank Account or Bitcoin Account. 

 

Settlement funds will be held in a deposit account at Virtual PayPal Terminal pending Payouts to you in accordance with the terms of this contract. We may periodically make available to you information about pending settlements yet to be received from the PayPal Networks. 

 

Your authorisations will remain valid and be of full effect until your Virtual PayPal Terminal Account is closed or terminated.

Security and Fraud Controls

 

Virtual PayPal Terminal is responsible for protecting the security of Payment Data in our possession and will maintain commercially reasonable administrative, technical, and physical procedures to protect all the personal information regarding you and your customers that is stored in our servers from unauthorised access and accidental loss or modification. However, we cannot guarantee that unauthorised third parties will never be able to defeat those measures or use such personal information for improper purposes. 

 

You agree to use other procedures and controls provided by us and other measures that are appropriate for your business to reduce the risk of fraud. 

 

In the event that you suspect any fraudulent activity by a customer, you agree to notify Virtual PayPal Terminal immediately and quit the delivery of the service. In addition, where we suspect that there have been frequent fraudulent transactions on your account, we reserve the right to cancel our service to you and/or your account

Notification of Errors

 

You agree to notify us immediately any error is detected while reconciling transactions that have occurred using Virtual PayPal Terminal.  We will investigate and rectify the errors where verified. In the event that we notice any errors, we will also investigate and rectify such errors. 

 

Where we owe you money as a result of such errors, we will refund the amounts owed to you by a bank transfer to your Bank Account or Bitcoin wallet. 

 

If a transaction is erroneously processed through your platform, report to us immediately. We will investigate any such reports and attempt to rectify the errors by crediting or debiting your Bank Account as appropriate. 

 

Failure to notify us within 30 (Thirty) days of the occurrence of an error will be deemed a waiver of your rights to amounts that are owed to you due to an error.

Chargebacks

 

A Chargeback usually happens when a customer files directly with or disputes through a payment made to you,our user on their bill. It may result in the reversal of a transaction.  You may be assessed Chargebacks for (i) customer disputes; (ii) unauthorised or improperly authorised transactions; (iii) transactions that do not comply with Card Network Rules or the terms of this Agreement or are allegedly unlawful or suspicious; or (iv) any reversals for any reason by the PayPal Network, our processor, or the acquiring or issuing banks/bitcoin. Where a Chargeback occurs, you are immediately liable for all claims, expenses, fines and liability we incur arising out of that Chargeback and agree that we may recover these amounts by debiting your Account. Where these amounts are not recoverable through your Account, you agree to pay all such amounts through any other means

Reserves

 

In our sole discretion, we may place a Reserve on a portion of your Payouts by holding for a certain period such portion where we believe there is a high level of risk associated with your business. If we take such steps, we will provide you with the terms of the Reserve which may include the percentage of your Payouts to be held back, period of time and any other such restrictions that Virtual PayPal Terminal may deem necessary. Where such terms are changed, we will notify you. You agree that you will remain liable for all obligations related to your transactions even after the release of any Reserve. In addition, we may require you to keep your Account available for any open settlements, Chargebacks and other adjustments.

 

To secure your performance of this Agreement, you grant Virtual PayPal Terminal a legal claim to the funds held in the Reserve as a lien or security interest for amounts payable by you.

Refunds

 

You agree that you are solely responsible for accepting and processing returns of your payments in accordance with this Agreement and relevant PayPal Rules. 

Termination

 

You may terminate this Agreement by closing your Virtual PayPal Terminal Account.

 

We may suspend your Virtual PayPal Terminal Account and your access to Virtual PayPal Terminal services and any funds, or terminate this Agreement, if;

you do not comply with any of the provisions of this Agreement;

we are required to do so by a Law;

we are directed by PayPal Network or issuing financial institution; or

where a suspicious or fraudulent transaction occurs

Restricted Activities & Acceptable Use Policy

 

You are independently responsible for complying with all applicable laws related to your use of our website and services. However, by accessing or using Virtual PayPal Terminal, you agree to comply with the terms and conditions of our Acceptable Use Policy  and are restricted from the activities specified in it which you can read on our Acceptable Use Policy page.

Privacy Policy

 

Virtual PayPal Terminal is committed to managing your Personal Information in line with global industry best practices. You can read our Privacy Policy to understand how we use your information and the steps we take to protect your information.

Disclaimers

 

WE TRY TO KEEP Virtual PayPal Terminal AVAILABLE AT ALL TIMES, BUG-FREE AND SAFE, HOWEVER, YOU USE IT AT YOUR OWN RISK.

 

OUR WEBSITE AND SERVICES ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS, IMPLIED AND/OR STATUTORY WARRANTIES (INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED OR STATUTORY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR PURPOSE, TITLE, AND NON-INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS). WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, Virtual PayPal Terminal MAKES NO WARRANTY THAT OUR WEBSITE AND SERVICES WILL MEET YOUR REQUIREMENTS OR THAT OUR WEBSITE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR FREE. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU THROUGH OUR WEBSITE OR FROM Virtual PayPal Terminal, ITS PARENTS, SUBSIDIARIES, OR OTHER AFFILIATED COMPANIES, OR ITS OR THEIR SUPPLIERS (OR THE RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS OF ANY SUCH ENTITIES) (COLLECTIVELY, "Virtual PayPal Terminal PARTIES") SHALL CREATE ANY WARRANTY.

Limitation of Liability

 

IN NO EVENT WILL ANY OF THE  Virtual PayPal Terminal PARTIES BE LIABLE FOR (A) ANY INDIRECT, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES OR (B) ANY DAMAGES WHATSOEVER IN EXCESS OF THE AMOUNT OF THE TRANSACTION OR TWENTY THOUSAND UNITED STATES DOLLARS (US$20,000.00) DOLLARS, WHICHEVER IS LESSER (INCLUDING, WITHOUT LIMITATION, THOSE RESULTING FROM LOSS OF REVENUES, LOST PROFITS, LOSS OF GOODWILL, LOSS OF USE, BUSINESS INTERRUPTION, OR OTHER INTANGIBLE LOSSES), ARISING OUT OF OR IN CONNECTION WITH Virtual PayPal Terminal's WEBSITE OR SERVICES (INCLUDING, WITHOUT LIMITATION, USE, INABILITY TO USE, OR THE RESULTS OF USE OF Virtual PayPal Terminal's WEBSITES OR SERVICES), WHETHER SUCH DAMAGES ARE BASED ON WARRANTY, CONTRACT, TORT, STATUTE, OR ANY OTHER LEGAL THEORY.

Exclusions

 

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for certain damages. Accordingly, some of the above disclaimers and limitations of liability may not apply to you. To the extent that any Virtual PayPal Terminal Party may not, as a matter of applicable law, disclaim any implied warranty or limit its liabilities, the scope and duration of such warranty and the extent of the Virtual PayPal Terminal's Party's liability shall be the minimum permitted under such applicable law.

Indemnity

 

You agree to defend, indemnify, and hold Virtual PayPal Terminal, its officers, directors, employees, agents,  licensors, and suppliers, harmless from and against any claims, actions or demands, liabilities and settlements including without limitation, reasonable legal and accounting fees, resulting from, or alleged to result from, your violation of these Agreement.

Updates, Modifications & Amendments

 

We may need to update, modify or amend our Merchant Terms of Service as our technology evolves. We reserve the right to make changes to this Merchant Terms of Service at any time by giving notice to users on this page. 

 

We advise that you check this page often, referring to the date of the last modification on the page If you have any objection to any of the changes to this Merchant Terms of Service, you must cease using our website and/or services immediately.

Applicable Law 

 

These Terms of Use shall be interpreted and governed by the laws currently in force of your region.

Severability

 

If any portion of these Terms of Use is held by any court or tribunal to be invalid or unenforceable, either in whole or in part, then that part shall be severed from these Terms of Use and shall not affect the validity or enforceability of any other part in this Terms of Use.  

Miscellaneous

 

You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing. Assigning or sub-contracting any of your rights or obligations under these Terms of Use to any third party is prohibited.Wec reserve the right to transfer, assign or sub-contract the benefit of the whole or part of any rights or obligations under these Terms of Use to any third party.

Virtual PayPal Terminal is a Registered Business of VirtUal PayPal Terminal Web Solution. [a wholly owned subsidiary of Qarallax Nigeria Limited,NG].

© ALL RIGHTS RESERvED.VIRTUALPAYPALTERMINAL.