Website Merchant Terms and Conditions
Terms & Conditions for Usage of Website of Vampay Fintech Private Limited
Last Updated: 1 st June ,2024
This document is an electronic record in terms of the Information Technology Act, 2000 and rules thereunder as applicable and amended from time to time. This electronic record is generated by an electronic system and does not require any physical or digital signatures.
By accepting the terms or by accessing, using, or availing any part of the Service, You expressly agree to and consent to being irrevocably bound by these “Terms and Conditions” and all of the terms set out herein. If You do not agree with any of these Terms and Conditions, You must immediately cease accessing and/or using the Vampay Site or other portals, or the Services being provided under these Terms and Conditions. Your acceptance of these Terms and Conditions will operate as a binding agreement between “You” and Vampay Fintech Private Limited, a company incorporated under the Companies Act, 2013 and having its registered office at 11/G, Khira Nagar Bldg., C/1, S.V Road, Santacruz (West), Mumbai, Maharashtra, India-400054 ("Vampay" or “Us”) in respect of Your use of the Services.
Vampay’s is provided separately on the website and is an integral part of these Terms and Conditions. Thus, while accepting these Terms and Conditions, You are confirming that you have read and unequivocally accepted our Privacy Policy.
I. If such Your KYC credentials are found to be ingenuine or fake.
II. If You make an incorrect or untrue disclosure of the nature of its business, resulting in a merchant category code violation.
III. For violation of any of the provisions of these Terms and Conditions.
IV. For violation of any of the provisions of any other agreement that the Merchant has entered into or might enter into with Vampay; and
V. For violation of any of the applicable laws by the Merchant.
I. It is duly organized and validly existing under the laws of the jurisdiction in which it is established.
II. It has the requisite power and authority to execute, deliver and perform this Agreement and that this Agreement has been duly and validly authorized, executed, and delivered by it.
III. Its obligations hereunder constitute a legal, valid, binding, and enforceable obligation.
IV. The execution and delivery of this Agreement and the consummation of the transactions contemplated herein do not breach its organizational documents, any law, provisions of any contract, or order of court applicable to it, and do not require any applicable governmental approval.
V. The person executing this Agreement is duly authorized to execute the Agreement for and on behalf of the respective Party and shall have the authority to bind the respective party accordingly.
VI. The Merchant represents, warrants, and declares that it is not engaged in any business outlined in the list of the Negative, Risky and Restricted Categories of business as provided under Attachment A to these Terms and Conditions, and shall not during the term of the Agreement indulge in business stated in the list of the Negative, Risky and Restricted Categories of business.
I. is or becomes publicly known other than through a breach of the confidentiality obligations as set out in this clause;
II. is in possession of the receiving Party prior to disclosure by the other Party;
III. is independently developed by the receiving Party;
IV. needs to be disclosed to professional advisers or in accordance with the order of a competent court or administrative authority.
V. is hereafter rightfully furnished to such receiving Party by a third party without restriction by that third party on disclosure.
VI. is required by law, judicial court, recognized stock exchange, government department or agency or other regulatory authority, provided that sufficient notice is given of any such requirement, by the receiving Party to the disclosing Party, in order that the disclosing Party may seek for an appropriate protective order or exemption from such requirement, prior to any disclosure being made by the receiving Party and/or its Affiliates.
I. safeguards currently it has in place for its own data.
II. generally accepted security standards in the financial services industry
I. protect the security and confidentiality of the information of the customer in the possession of the Merchant;
II. ensure protection against any anticipated threats or hazards to the security or confidentiality of the Customer information;
III. protection against unauthorized access to or use of the information of the customer or associated records which could result in substantial harm or inconvenience to Vampay;
IV. ensure the proper and secure disposal of such data;
I. any unauthorized or unlawful processing or the alteration of the information of the customer in the system of the Merchant.
II. any resultant loss or destruction of, or damage to, the customer information due to unauthorized processing or alteration;
III. unauthorized and accidental access, processing, erasure, transfer, use, modification, or other misuses of information of the customer, and shall ensure that only authorized personnel bound by adequate confidentiality obligation shall have access to the information of the customer on strictly ‘need to know basis’;
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