Terms & Conditions

Effective Date: January 1, 2025 | Last Updated: May 2026

These Terms & Conditions ("Terms") constitute a legally binding agreement between you ("Merchant", "User") and VePay Finance, Inc. ("VePay", "we", "us"). By accessing our website, creating an account, or utilizing our payment infrastructure, you agree to be bound by these Terms.

1. Nature of Services

VePay provides a Shariah-compliant B2B payment gateway, merchant acquiring infrastructure, and ethical liquidity solutions. We act solely as a payment processor and infrastructure provider. We are not a bank, nor do we offer interest-bearing depository accounts.

2. Account Registration and KYB

To use VePay, you must register a business account and pass our rigorous Know Your Business (KYB) and Anti-Money Laundering (AML) onboarding process. You agree to provide accurate, current, and complete corporate and beneficial ownership information. VePay reserves the right to suspend or terminate accounts that fail to meet our compliance thresholds or fail to notify us of material business changes within 14 days.

3. Shariah Compliance Mandate

VePay operates strictly according to Islamic finance principles. By using our platform, you agree that:

  • Your primary business activities do not violate Shariah principles (e.g., no gambling, adult content, alcohol sales, or interest-based financing).
  • You will not process transactions for goods or services classified as prohibited by our Shariah Validation Engine.
  • VePay charges transparent, flat service fees. We do not charge or pay interest (Riba).

Violations of the Shariah compliance mandate will result in immediate account termination.

4. Prohibited Activities

In addition to Shariah prohibitions, you may not use VePay for any illegal activities, including but not limited to money laundering, terrorist financing, sanctions evasion, sale of counterfeit goods, or unlicensed money services businesses (MSBs).

5. Fees and Settlement

You agree to pay the flat transaction and service fees disclosed to you during onboarding. Settlements will be remitted to your verified, linked business bank account. VePay reserves the right to withhold settlements in the event of suspected fraud, excessive chargebacks, or pending compliance investigations.

6. Limitation of Liability

To the maximum extent permitted by law, VePay Finance, Inc. shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits, data, or goodwill, arising from your use of the Services or any interruption of our platform. Our total liability for any claim shall not exceed the total fees paid by you to VePay in the three (3) months preceding the claim.

7. Indemnification

You agree to indemnify and hold harmless VePay, its affiliates, directors, and employees from any claims, fines, chargebacks, or liabilities arising out of your breach of these Terms, your violation of applicable laws (including AML/CTF regulations), or your disputes with your end-customers.

8. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of British Columbia, Canada, without regard to its conflict of law principles. Any dispute arising out of these Terms shall be resolved through binding arbitration in Vancouver, BC.

9. Modifications

We may update these Terms from time to time. Continued use of the VePay platform after updates constitutes your acceptance of the revised Terms.

For legal inquiries, please contact: legal@vepay.io