WALLET TERMS OF SERVICES
This binding Agreement is entered between Btc-Block.com (“Company” or “We”) and the entity, persons, or person (“You” or “Your”) using the applications, Software, and/or services (“Software”) furnished by Company.
Obligations and Rights
Company offers Software exclusively on the conditions and terms established by the letter of this Agreement and upon the condition that You comply with and accept those terms.
Using the Software means that You
(a) agree with the terms of this Agreement;
(b) agree that You are legally obligated to adhere to the terms of this Agreement;
(c) warrant and represent that:
(i) You are of sufficient legal age to agree to and enter into legally binding agreements; and
(ii) if You are a governmental organization, other legal entity, or corporation, You have the power, authority, and right to enter to and consent to the terms of this Agreement on behalf of the organization and to bind them to the terms of this Agreement.
This Software underwent testing, including beta testing, and is currently subject to ongoing. We do not guarantee that the system will operate flawlessly or that the Software will be free from defect. You recognize and acknowledge that.
Your use of this Software is at Your discretion and must conform to applicable laws and regulations. You alone retain the responsibility for protecting Your passwords, PINs, private key pairs, and other information You use when accessing the Software.
LOSING YOUR ENCRYPTED PRIVATE KEYS OR BITCOIN WALLET MAY RESULT IN THE LOSS OF ANY BITCOINS ASSOCIATED WITH THAT WALLET. SEPERATELY STORE A BACKUP FILE OF PASSWORDS AND CORRESPONDING WALLETS TO AVOID SUBSTANTIAL LOSS.
Transactions conducted while using Software are irreversible and the producers of the Software, affiliates and employees of Btc-Block.com, and any intellectual property holders are unable to access or retrieve Your passwords or private keys if they are forgotten or lost. Similarly, no one can guarantee transaction confirmation, as the parties mentioned above have no control over the bitcoin network.
We retain all titles, rights, and interests to and in the Content and all of Btc-Block.com’s logos, brands, and trademarks, including, but in no way limited to, Btc-Block.com, Inc. and variations of the wording of the previously listed logs, trademarks, and brands.
If any court determines or declares that any section or sections of this Agreement are void or invalid, such determination or declaration shall not invalidate the entire Agreement and all other paragraphs of the Agreement shall remain in full effect and force.
UNDER NO CIRCUMSTANCES SHALL Btc-Block.com OR ITS AFFILIATES, OR ANY OF ITS OR THEIR RESPECTIVE SERVICE PROVIDERS, BE LIABLE TO ANY THIRD PARTY OR YOU FOR ANY INTERRUPTION, INABILITY TO USE THE SOFTWARE, OR DELAY IN SOFTWARE USE, LOST PROFITS OR REVENUES, LOSS OR INTERRUPTION OF BUSINESS, GOODWILL, OR SERVICES, CORRUPTION OR LOSS OF DATA, LOSS STEMMING FROM SYSTEM SERVICE FAILURE OR SYSTEM FAILURE, SHUTDOWN OR MALFUNCTION, FAILURE TO TRANSFER ACCURATELY, TRANSMIT OR READ INFORMATION, FAILURE TO PROVIDE CORRECT INFORMATION OR UPDATE INFORMATION, PROVISION OF WRONG COMPATABILITY INFORMATION SYSTEM INCOMPATABILITY, SYSTEM SECURITY BREACHES, OR FOR ANY INCIDENTIAL, CONSEQUENTIAL, INDIRECT, SPECIAL, EXPEMPLARY, OR PUNITIVE DAMAGES, WHETHER ARISING OUT OF OR IN CONJUNCTION WITH BREACH OF CONTRACT, THIS AGREEMENT, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE AND REGARDLESS OF WHETEHR WE WERE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
THE SOFTWARE IS PROVIDED “AS IS”, WITHOUT WARRANTY OF ANY KIND, IMPLIED OR EXPRESS, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, WARRANTIES OF MERCHANTABILITY, AND NONINFRINGEMENT. IN NO EVENT SHALL THE SOFTWARE AUTHORS, AFFILIATES AND EMPLOYEES OF Btc-Block.com , COPYRIGHT HOLDERS, OR Btc-Block.com BE LIABLE FOR ANY DAMAGES, CLAIM, OR OTHER LIABILITY, WHETHER IN AN ACTION OF TORT, CONTRACT, OR OTHERWISE, ARISING OUT OF, FROM, OR IN CONNECTION WITH THE SOFTWARE OR USE OR OTHER DEALINGS IN THE SOFTWARE.
Provisions and terms found in this Agreement bind Your successors, heirs, assigns, and other representatives. This Agreement may be executed in counterparts. Each counterpart shall be treated as an original, but each shall constitute the same Agreement.
You assume all and any risks associated with the use of the Software. We reserve the right to modify this Agreement at any time.
1. The Services
We provide bitcoin payment processor services and allow you to accept bitcoins as payment in exchange for services or goods. We also process bitcoin payments you receive from customers (Purchaser). We do provide bitcoin wallet bitcoin exchange services and we do maintain a place to sell or buy bitcoins.
Typically, those using the Services must first open a Btc-Block.com account.
2.2 Protecting Passwords
When registering an account, you will be asked to create a password. You will be responsible for protecting the confidentiality of account access information and your password. You are also fully responsible for all activities occurring with the use of your account or password. Notify us of any unauthorized use of your account or password immediately or of any other breach of security. We will not be liable for any loss you may incur as a consequence of someone using your account or password if you provide your password to others. You are prohibited from ever using anyone else’s password.
In order to comply with relevant local regulations and laws, it is your sole responsibility to obtain information required of those purchasing your services and goods. For example, if relevant law prohibits a sale to persons under the age of 18 years, it is your responsibility to verify that all Purchasers are at least 18 years of age. Similarly, if applicable law requires that a Purchaser’s identity be verified, you must do so. It is not our responsibility to, nor shall we, accept liability in connection with your failure to adequately verify your Purchaser’s qualifications or identities.
3.4 Representation and Warranties
Your use of the Services is also subject to the following restrictions. You warrant and represent, by using the Services, that:
1. You are no younger than eighteen (18) years old and that you have the power, right, and contractual capacity to agree to these Terms.
2. Using the Services will not violate any relevant state, international, federal, or local regulations or laws. This includes applicable tax regulations and laws.
4.1 Your Use of Third-Party Services
You may be offered products, services, and third-party promotions whenever using the Services or Btc-Block.com website. In the event that you elect to use such third- party services, you are solely responsible for understanding, reviewing, and complying with the relevant conditions and terms and use such services at your own risk. We expressly disclaim liability stemming from third-party services and are not responsible for the performance of third-party servicers or services.
Btc-Block.com created and implements security measures that are intended to secure your information from unauthorized use, access, disclosure or alteration and from accidental loss. Btc-Block.com cannot guarantee that an unauthorized person will never gain access to your information. By using the Services, you acknowledge that you furnish information at your own risk, except as otherwise provided by applicable law.
5. How we Collect, Use and Share Information
To provide the Services, Btc-Block.com may share information about you and your Btc-Block.com account with third parties, including but not limited to Purchasers and your banking entities.
5.1 Verification of Your Identity
From time to time Btc-Block.com may engage third-parties to assist in varying aspects of the provision of our Services to you. You agree and acknowledge that your continued use of the Services may require us to share your information with these third parties who, in turn, may need to review your eligibility to use the Services according to their own verification procedures.
To validate information provided by you to us during the account generation and registration process as detailed in Section 2.1 (Generally) Btc-Block.com may solicit information from identity verification services, credit bureaus, and other third parties. When accepting these Terms, you authorize us to solicit information about you through third parties and recognize that there may be times when we must share user submitted information.
6. Our Ownership of the Services and the Btc-Block.com Website
You acknowledge and agree that Btc-Block.com retains and owns all titles, interests, and rights in and to the Services, technology, tool, associated software, and content, the Btc-Block.com website, content displayed on that site, and materials produced by and related to Btc-Block.com (collectively, Btc-Block.com, Inc.) You are allowed only to make use of the Services and Btc-Block.com, Inc. to receive and accept payments made in accordance with these Terms. When you accept the terms, you are granted a personal, limited, non-transferable, and revocable license to use Btc-Block.com, Inc., without sublicensing rights. You shall not lease, rent, sublicense, transfer, distribute, copy, download, reproduce, modify, display, or timeshare the Btc-Block.com, Inc. or any portion thereof, or use the Btc-Block.com, Inc. as a base or component of services or products prepared for sublicense, commercial sale, access, lease, or distribution. You shall not prepare derivative work based on the Btc-Block.com, Inc., nor shall you reverse engineer, translate, disassemble, or decompile the Btc-Block.com, Inc.,.
7. Settlement & Invoices
7.1 Exchange Rate Guarantee and Settlement
Btc-Block.com charges service fees.
7.3 Settlement Methods
7.3.1 Settlements in Local Currencies
Bank account direct deposits in local currencies are available when merchants operate out of certain countries. Refer to [Company website concerning a list of countries] for more information. Should you elect to receive direct deposit payments, you are required to provide Btc-Block.com with valid bank account information and to ensure that such data remains current. If you are using Business or Enterprise plans, Btc-Block.com shall send direct deposits to your bank account to satisfy accumulated balances on ledgers each business day. If you accept settlement in bitcoin, payouts shall be made on a daily basis to your wallet.
7.3.2 Bank Account Information
You are required to provide us with at least one (10) business day’s written notice before closing your bank account. Should you want to continue receiving direct deposits, substitute bank account information must be furnished. You accept sole responsibility and liability for costs and fees associated with overdrafts and with your account. Similarly, you are liable to us for any fees we incur based on your furnishing of incomplete or inaccurate instructions or information. You authorize us to initiate electronic credits to your bank account when necessary to process your transactions. We are not liable for errors in bank account entries or delays in receipt of funds due to third party actions or inactions.
7.3.3 Bitcoins Settlements
Bitcoins accepted on your behalf by Btc-Block.com shall first be settled to your bitcoin wallet of choice. Such payments are sent to your designated Bitcoin address at least daily. Btc-Block.com is not liable for losses incurred due to your improper reporting or designation of bitcoin addresses.
7.4 Expectations of Payment
When invoices are either overpaid or not fully paid, a payment exception will result. Merchants are responsible for the resolution of these payment exceptions.
When invoices receive excess funds an overpayment occurs. During these cases, invoices pass through the paid in full state and are marked as overpayments. Because there were sufficient funds to designate the invoice as paid in full, such funds are applied to the merchant ledger. Excess funds require action and are not applied. Best practices suggest that in the event of an overpayment, you reach out to the Purchaser to secure a refund bitcoin address and request that Btc-Block.com refund overpaid sums to the Purchaser. The Purchaser may also request refunds of overpaid sums directly from the invoice. As a merchant, you may also request overpaid portions be applied to your merchant account. This is typically the resolution selected whenever you provide a trackable service and additional funds may easily be refunded to the Purchaser.
Underpayments may occur when a Purchaser provides less than the agreed upon bitcoin amount required to fully satisfy and pay the invoice. As invoices are not complete or fully paid, funds are not applied to the merchant ledger. The merchant is responsible to contact Btc-Block.com and request either the Purchaser’s refund bitcoin address so that Btc-Block.com may return the money or request a price adjustment of the invoice so that it matches the payment amount. This will permit payments to be credited and applied to the ledger. When neither of these actions are taken, invoices shall remain in a partially paid state until complete.
7.4.3 Orphan Payment
Such payments occur whenever transactions are received outside of the time window referenced in Section 8.2 (Invoice Generation and Exchange Rate Guarantee). Payments furnished to expired bitcoin addresses show up in Btc-Block.com’s as orphan payments. To address and correct orphaned payments or for additional information, either the Purchaser or you will need to contact [our support team] with the required information.
7.5 Account Information
You shall retain access to account information concerning transaction, ledger, and settlement history through your merchant account. Upon discovery of an error, you are obligated to notify us within thirty (30) calendar days of the ledger entry posting.
7.6 Certain Deferrals
We may restrict access to your funds or delay settlement in the event that Btc-Block.com is required to investigate or resolve pending disputes concerning your Btc-Block.com account. Btc-Block.com also reserves the right to restrict fund access and delay settlement whenever required to do so by court order, law, or at the request of law enforcement.
Btc-Block.com may publish artwork, logo and text.
9. Refunds and Adjustments
No refund Procedures.
10.1 Account Suspensions
Btc-Block.com reserves the right to suspend accounts at our sole discretion. Btc-Block.com shall provide you e-mail notice of the suspension and Btc-Block.com reserves the right to suspend your access to the Services in the event that Btc-Block.com believes you pose a fraud risk, provided false, inaccurate, incomplete, or misleading information, or failed tocomply with these Terms in any way. Btc-Block.com is not liable to you for losses incurred in connection to our suspension or closure of your account.
10.2 Effect of Account Closure
When your Btc-Block.com account is closed, you agree: (a) to immediately stop using the Services; (b) to continue to be bound by these terms, as required by Section 14.11 (Survival), (c) that we reserve the right (but have no obligation) to delete all account data and your information stored on our servers, (d) that the license furnished under these Terms shall end, and (e) that Btc-Block.com is not liable to any third party or you for termination of access to the Services or information deletion or account data deletion.
10.3 Your Right to Close Your Account
These Terms remain in force only as long as you use the Services. Ceasing use of the Services causes these Terms to longer apply, subject to Section 14.11 (Survival). You are free to close your Btc-Block.com account at any time and will continue to be obligated to us for any fees incurred, if applicable, before the account will be closed and funds will be remitted stemming from pre-closure sales. Should your account balance be below our documented minimum transfer amount, you may be liable for applicable transaction fees incurred due to the transfer of funds.
11.Limitation of Liability
WE SHALL NEVER BE LIABLE TO ANY THIRD PARTY OR YOU FOR ANY INDIRECT, DIRECT, INCIDENTIAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES OR ANY THEFT, LOSS, DAMAGES, OR DISAPPEARANCE FOR LOST REVENUES, LOST PROFITS, OTHER INTANGIBLE LOSSES, OR LOST DATA RESULTING FROM THE INABILITY TO USE, USE OF, OR UNAVAILABILITY OF THE SERVICES, REGARDLESS OF THE FORM OF ACTION AND WHETHER OR NOT WE KNEW THAT SUCH DAMAGE MAY HAVE BEEN INCURRED. IN NO EVENT SHALL WE BE LIABLE TO ANY THIRD PARTY OR YOU FOR ANY LOSS OR INJURY RESULTING FORM HACKING, DAMAGE, VIRUS TRANSMISSION, TAMPERING, OR OTHER UNAUTHORIZED ACCESS OR USE OF THE SERVICES, YOUR CENTA TECH ACCOUNT, OR ANY INFORMATION CONTAINED THEREIN. IN NO EVENT WILL OUR LIABILITY FOR ANY DAMAGES ARISING IN CONJUNCTION WITH THE SERVICES EXCEED THE FEES EARNED BY US IN CONNECTION WITH YOUR USE OF THE SERVICES DURING THE 6 MONTH PERIOD IMMEDIATELY PRECEEDING THE EVENT GIVING RISE OT THE CLAIM FOR LIABILITY. THE FOREGOING LIMITATIONS OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY THE LAW IN THE APPLICABLE JURISIDCTION.
You agree to and shall indemnify Btc-Block.com any of its officers, its related and affiliated entities, its employees and agents from and against any costs, claims, losses, damages, liabilities, judgments, and expenses of every and any kind (including, without limitation, expenses, costs, and reasonable attorneys’ fees) relating to, arising out of, or incurred in connection with any complaint, claim, audit, action, investigation, other proceeding, or inquiry instituted by an entity or person that relates to or arises from: (a) your improper and wrongful use of the Services;
(b) alleged or actual breaches of your warranties, representations, or obligations as set forth by these Terms;
(c) the services or products sold by you through the Services, including but not limited to claims for product defects, false advertising, personal injury, property damage, or death; or
(d) other party access or use of the Services with your account information.
OUR SERVICES ARE PROVIDED ON AN “AS AVAILABLE” AND “AS IS” BASIS, AND YOUR USE OF THE SERVICES IS AT YOUR OWN RISK. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE PROVIDE THE SERVICES WITHOUT WARRANTIES OF ANY KIND, WHETHER IMPLIED OR EXPRESS (INCLUDING, WITHOUT LIMITATION, WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, OR NON- INFRINGEMENT). WITHOUT LIMITING THE FOREGOING, WE DO NOT WARRANT THAT OUR WEBSITE AND THE SERVICES: WILL MEET YOUR REQUIREMENTS; WILL BE AVAILABLE; WILL OPERATE ERROR-FREE; THAT DEFECTS OR ERRORS WILL BE CORRECTED; WILL BE UNINTERRUPTED OR SECURE AT ANY PARTICULAR LOCATION OR TIME; OR ARE FREE FROM HARMFUL CONTENT OR VIRUSES. WE DO NOT GUARANTEE, WARRANT, ENDORSE, OR ASSUME RESPONSIBILITY FOR ANY SERVICE OR PRODUCT OFFERED OR ADVERTISED BY A THIRD PARTY THROUGH OUR WEBSITE OR THE SERVICES, AND WE WILL NOT MONITOR ANY INTERACTIONS BETWEEN YOU AND THIRD-PARTY PROVIDERS OF SERVICES OR PRODUCTS, AND WE WILL NOT BE A PARTY TO SUCH INTERACTIONS.
You shall determine any and all taxes incurred, assessed, or required to be paid, collected, or withheld for any reason in connection with your use of our services and software (Taxes). You also are solely responsible for withholding, collecting, remitting, and reporting correct taxes to the appropriate tax authority. We will not, nor are we obligated to determine whether Taxes apply, or collect, calculate, remit, or report any Taxes to any tax authority arising from any transaction. If you receive (i) in excess of $20,000 in gross payments and (ii) more than 200 payments, in a given calendar year, Btc-Block.com shall report annually to the Internal Revenue Service, as required by law, your address, name, employer identification number, total dollar amount of payments received by you each month in a calendar year, and dollar amount of payments you received in a calendar year.
In the event that any provision of these Terms be determined to be unenforceableor invalid in any way under any regulation, rule, or law, such determination shall not affect the enforceability or validity of any other provision of this agreement.
You shall not assign or transfer these Terms, or any privileges or rights created by or granted by these terms. You acknowledge and agree that we may transfer or assign these terms.
You agree that you shall accept electronic format communications from us, and agree that all agreements, conditions, terms, notices, other communications, and disclosures we provide to you electronically shall be considered to be made “in writing”.
14.6 Entire Agreement
Should we fail to assert a provision or right established in these Terms, our failure shall not be construed as a waiver of such provision or right, and no waiver of any term shall be deemed a continuing or further waiver of such or other term.
This Agreement shall be construed in accordance with and governed by the laws of the site Btc-Block.com
14.9 Force Majeure
No party to this agreement shall be liable for processing delays or other non-performance caused by such events as telecommunications, power, or utility failures, fires, labor strife, equipment failures, wars, riots, nonperformance of vendors or suppliers, acts of God, or other causes that the respective party exercises no reasonable control over; provided that the party established procedures reasonably suited to avoid or mitigate effects of such acts.
We reserve the right to change or update these Terms at any time by posting the amended Terms on our website. Updates or changes are effective when posted on our website. Once notice of such changes is provided, continued use of the Services constitutes an acceptance of the amended Terms and an agreement to be bound by them. If you do not agree to the amended terms, you must discontinue your use of the Services and close your Btc-Block.com account inaccordance with the termination section of this agreement.
The provisions of Sections 3.2 (Representations and Warranties), 4.2 (Security), 6 (Our Ownership of the Services and the Btc-Block.com Website), 8 (Advertising), 8.5 (Certain Deferrals), 11 (Limitation of Liability), 12 (Indemnification), 13 (No Warranties), and 14.8 (Governing Law; Arbitration) shall survive the termination of these Terms.
15. User Funds Guarantee Policy
Btc-Block.com, Inc. employs a Guarantee Policy for all of our contributors whom have participated in our Btc-Block.com Token Sale. This policy guarantees all digital currency that Btc-Block.com holds online. In the event that Btc-Block.com were to suffer a breach of its infrastructure and online storage, our policy would reimburse any contributor funds in full.
This policy covers any losses resulting from a breach of Btc-Block.com’s cyber security, physical security, or by employee theft.
Btc-Block.com holds less than 1% of customer funds online. The rest is held in our offline storage. This policy does NOT cover any losses endured resulting from the customers personal account being hacked or comprised. It is your responsibility to use a strong password and maintain control of all login credentials you use to access Btc-Block.com.
For non-contributors using the Btc-Block.com Wallet, or Btc-Block.com, Inc. product line the funds stored on the wallet are not guaranteed under this policy.