These Terms of Service ("Terms") form a binding agreement between you and BOF Pay. By accessing or using our Services, you agree to these Terms. Please read them carefully.
1. Eligibility
To use the Services, you must be at least 18 years old (or the age of majority in your jurisdiction), legally capable of entering into a binding contract, and not subject to any sanctions or denied-party lists. Business accounts require additional verification of the entity and its beneficial owners.
2. Account registration
You must provide accurate, complete, and current information during onboarding and keep it updated. You are responsible for maintaining the security of your credentials and for all activity under your account.
3. The Services
BOF Pay provides cross-border payment, multi-currency holding, and related financial-technology services. Specific products are described on our website and within the application. Banking services and FDIC-insured deposit accounts (where applicable) are provided by partner banking institutions, not BOF Pay directly.
4. Fees and exchange rates
Applicable fees and exchange rates are disclosed before you confirm a transaction. Exchange rates displayed on marketing pages are indicative. The rate applied at the time of execution may differ. We may change fees with notice as required by law.
5. Your obligations
- Use the Services only for lawful purposes and in compliance with our Acceptable Use Policy.
- Provide truthful information and respond promptly to requests for verification documents.
- Do not attempt to circumvent security, sanctions screening, or transaction limits.
6. Suspension and termination
We may suspend or close your account, freeze funds, or refuse transactions where required by law, where we suspect fraud or illegal activity, where you breach these Terms, or where continuing the relationship would expose BOF Pay to regulatory risk. We will give you notice and reasons where legally permitted.
7. No investment, tax, or legal advice
BOF Pay does not provide investment, tax, or legal advice. Information on the Services is general in nature and does not consider your circumstances.
8. Limitation of liability
To the maximum extent permitted by law, BOF Pay and its affiliates will not be liable for indirect, incidental, consequential, special, or punitive damages, or any loss of profits or revenues. Our total liability for any claim relating to the Services is limited to the fees you paid in the twelve months before the event giving rise to the claim. Nothing in these Terms limits liability that cannot be limited by law.
9. Indemnification
You agree to indemnify BOF Pay against claims arising from your breach of these Terms, your misuse of the Services, or your violation of any law or third-party right.
10. Governing law and disputes
These Terms are governed by the laws of the jurisdiction stated in your account agreement. Where permitted by law, disputes will be resolved by binding arbitration on an individual basis, and you waive the right to participate in class actions. Residents of certain jurisdictions retain non-waivable statutory rights.
11. Changes to these Terms
We may update these Terms from time to time. Material changes will be communicated through the Services or by email at least 30 days before they take effect, except where a shorter period is required by law or regulation.
12. Contact
Questions about these Terms? Email info@bofpay.ai.