The indemnity clause is broadly triggered by 'any transaction processed' and covers an uncapped list of costs, including disputes over item descriptions. It lacks a carve-out for company negligence and does not offer reciprocal indemnification.
Liability is excluded only for unauthorized or delayed transactions caused by unforeseeable circumstances beyond reasonable precautions. The clause avoids blanket exclusions but lacks explicit carve-outs for gross negligence or statutory rights within this specific section.
Termination requires 14 to 90 days notice depending on jurisdiction, with immediate termination reserved for fraud, AML violations, or material breaches. Users retain the right to terminate, though funds may be withheld for 190 days post-closure to cover disputes.
US sellers are bound by mandatory binding arbitration with a strict class-action waiver, though a 30-day opt-out and company-paid fees for small claims mitigate the impact. Court fallback defaults to Salt Lake County, Utah, creating a distant venue.
Agreement is formed upon online registration submission, with scope narrowly tailored to Payment Services and explicit cross-reference to the main User Agreement. Continued use constitutes acceptance for modifications, which is standard but slightly passive.
Material changes require 14 to 60 days advance notice depending on the regional entity, with a clear right to terminate before the effective date. Continued use constitutes acceptance for most users, which is standard but slightly passive.
Privacy practices are referenced via a separate User Privacy Notice, with data sharing limited to affiliates and service providers for payment processing and AML compliance. The document places data controller obligations on the seller but lacks explicit consumer data rights disclosures.
Highly transparent regarding fee structures, payout timelines, holds, and reserves. Cancellation is straightforward, and direct debit mandates include advance notice requirements for EU/UK consumers. Collection rights are broad but clearly disclosed.