Terms Of Use For Chestmoney
1. Introduction
Welcome to Chestmoney. These Terms of Use govern your access to and use of our platform, services, and website. By using our services, you agree to comply with these terms. If you do not agree, do not use our services.
Key Highlights:
- Accept and process cryptocurrency payments seamlessly.
- No chargebacks or banking delays.
- Secure, non-custodial transactions.
- API & plugin integrations for businesses.
2. Definitions
- "Platform" – The Chestmoney website, services, and API.
- "User" – Any individual, business, or entity using our services.
- "Merchant" – A business accepting payments via our platform.
- "Customer" – A buyer making payments through the platform.
- "Cryptocurrency" – Digital assets supported by our platform.
- "Non-custodial" – We do not store or hold users' funds.
- "KYC" – Know Your Customer verification, required for some transactions.
3. Eligibility & Account Registration
To use our services, you must:
- Be at least 18 years old.
- Not be located in restricted jurisdictions.
- Provide accurate account information.
- Agree to abide by AML (Anti-Money Laundering) & CFT (Counter-Terrorism Financing) laws if applicable.
We reserve the right to suspend or terminate accounts that violate these terms.
4. Services Offered
Our platform enables merchants to:
- Accept Bitcoin, Ethereum, USDT, and other cryptocurrencies.
- Receive instant payouts in crypto or auto-convert to stablecoins.
- Integrate with WooCommerce, Shopify, Magento, and other e-commerce platforms.
- Utilize API-based payment processing for custom solutions.
We do not provide custodial wallet services or fiat banking.
5. User Responsibilities
You agree to:
- Use the platform only for legal purposes.
- Ensure your business complies with applicable laws.
- Not engage in fraudulent, illegal, or prohibited activities.
- Maintain account security (strong passwords, 2FA, etc.).
🚫 Prohibited Activities:
- Money laundering, fraud, terrorist financing.
- Illegal goods/services, Ponzi schemes, or dark web activities.
- Exploiting the system for unauthorized financial gain.
Violations may result in immediate account suspension or legal action.
6. Transactions & Fees
- Transaction Processing: Payments are processed on the blockchain, subject to network conditions.
- Network Fees: Users pay miner/transaction fees for blockchain confirmations.
- Platform Fees: We charge a small processing fee per transaction, outlined in our Pricing Policy.
- No Chargebacks: Cryptocurrency payments are final and irreversible.
We do not guarantee transaction speed, as it depends on blockchain network congestion.
7. Refund & Dispute Resolution
- Transactions are final once confirmed on the blockchain.
- Refunds are the responsibility of the merchant (not our platform).
- Disputes must be handled between customers and merchants.
- We may intervene in cases of suspected fraud but do not mediate payment disputes.
8. Security & Privacy
🔐 We implement strong security measures, including:
- End-to-End Encryption for transactions.
- Two-Factor Authentication (2FA) for account protection.
- Cold Storage Protection (we do not store private keys).
- KYC-Free for small transactions to protect user privacy.
We do not store sensitive financial data beyond what is necessary for transaction processing. See our Pricing Policy for more details.
9. API & Developer Use
- Our RESTful API enables businesses to integrate crypto payments.
- Sandbox environment is available for testing before going live.
- API abuse or unauthorized access will lead to permanent suspension.
Developers must comply with fair use policies and avoid spamming or excessive requests.
10. Legal & Compliance
- We comply with AML, CFT, GDPR, and other applicable regulations.
- Merchants must ensure their business activities comply with local laws.
- We may suspend or restrict services if legally required.
We reserve the right to request KYC verification for high-risk transactions.
11. Service Availability & Downtime
We strive for 99.99% uptime, but:
- Services may be temporarily unavailable due to maintenance or upgrades.
- We do not guarantee uninterrupted access due to blockchain network conditions.
- Users will be notified of major updates or service interruptions.
12. Limitation of Liability
🚨 We are not liable for
- Lost or stolen private keys.
- Blockchain network delays or failures.
- Incorrect transactions due to user error.
- Loss of funds due to merchant disputes.
Our maximum liability is limited to the fees collected from the user in the last 30 days.
13. Intellectual Property
- Chestmoney and its technology are protected by intellectual property laws.
- You may not copy, distribute, or modify our platform without permission.
14. Modifications to These Terms
We may update these terms at any time.
- Changes will be communicated via email or platform notification.
- Continued use after changes means acceptance of the new terms.
15. Governing Law & Jurisdiction
These Terms of Use are governed by the laws of Our Country and Jurisdiction.
- Any disputes shall be resolved in Our Preferred Legal Jurisdiction.
16. Termination & Account Suspension
We reserve the right to terminate or suspend accounts under the following conditions:
- Violation of these Terms of Use.
- Suspicious or fraudulent activities.
- Legal or regulatory requirements.
You may close your account at any time by contacting support@chestmoney.com.
17. Contact Information
For questions or concerns, contact us at:
📧 Email: support@chestmoney.com
🌐 Website: www.chestmoney.com
By using Chestmoney, you acknowledge that you have read, understood, and agreed to these Terms of Use.