These Terms govern your access to and use of PayShyft (Pty) Ltd. See also the Privacy Policy and Disclaimer.

PayShyft (Pty) Ltd vicariously through the PayShyft Internet website located at https://www.payshyft.com/ (the “Site” and collectively, “PayShyft”, “us”, “our”, or “we”) provides the PayShyft software program (“PayShyft”), which allows users to create content, manage content and transact on a private software application, to send and receive content via messaging service, to process payments as well as documentation relating to PayShyft (all of the foregoing, the “Services”) through the Site and related subdomains. These Terms of Service (the “Terms”) govern your access and use of the Services and the Site. “You” or “Your” means a user of the Services or the Site.

Please read these Terms carefully. These Terms govern your access to and use of the Services and Site. By using any of the Services or visiting the Site, you signify your assent to both these Terms and our Privacy Policy, a current version of which is available at https://www.payshyft.com/legal/privacy/policy/ and which may be modified from time to time at our sole discretion. Changes may be made to these Terms from time to time. Your continued use of the Site will be deemed acceptance to amended or updated terms. If you do not agree to any of these Terms, please do not use the Site or Services.

1. Use of Site & Services

Subject to the terms and conditions set forth herein, you may access and use the Site and Services for your personal or internal business use only (i.e. you are not permitted to sell, lease, sublicense or to otherwise make the Services or any of them available to any third party other than to your clients for their personal use only). You acknowledge that PayShyft may, in its sole discretion and at any time, discontinue providing any part of the Site or the Services or modify or delete any content available through the Site or the Services, at any time without notice. Use of the Services and access to the Site is void where prohibited. By using the Services, you represent and warrant that (a) any information you submit to us as part of using the Services is truthful and accurate; (b) where possible you will maintain the accuracy of such information; (c) you are at least 18 years of age or, if higher, the age of majority in your jurisdiction; and (d) your use of the Site or Services does not violate or promote the violation of any applicable law or regulation or any legal or contractual obligation you may have to a third party.

2. Registration/Security Issues

In order to use PayShyft, you must download the software provided to you by PayShyft (Pty) Ltd.

PayShyft (Pty) Ltd reserves the right to refuse to allow a user to download PayShyft, or to use any other service offered by PayShyft (Pty) Ltd from time to time, for any reason, or to add any other limitations on the use of its Services, all at PayShyft (Pty) Ltd’ sole discretion.

PayShyft (Pty) Ltd has no responsibility for PayShyft currently offered for download and/or for any other software which may be offered by PayShyft (Pty) Ltd from time to time, including without limitations for any relevant registration process of such software, the information requested as part of such process, etc. In addition, PayShyft (Pty) Ltd shall not be responsible and will not be held liable for any damage or loss incurred by or in connection with the use of such software.

While using the Services you must provide PayShyft (Pty) Ltd with truthful and accurate information, and where possible you must keep such information up-to-date. You shall not use the Services or any part thereof, including without limitations, to use PayShyft, under a false identity or information, or on behalf of someone other than yourself or any person or entity who provided you with express permission to use the Services on their behalf. PayShyft (Pty) Ltd will not be responsible for any communications you do not receive or any other damages or costs incurred by you as a result of you breaching these undertakings.

You should not reveal your private information to third parties. By disclosing your private key(s) to third parties you jeopardize the security of your PayShyft account. You are responsible for keeping your password and any other information secure. You are fully and solely responsible for the security of your computer system and all activity in PayShyft, even if such activities were not committed by you. PayShyft (Pty) Ltd will not be liable for any losses or damage arising from unauthorized use of PayShyft or any password, and you agree to indemnify and hold PayShyft (Pty) Ltd harmless for any improper or illegal use of PayShyft. This includes illegal or improper use by someone to whom you have given permission to use PayShyft.

3. PayShyft Assets

The following terms and conditions shall govern the use of PayShyft:

PayShyft Transactions: PayShyft (Pty) Ltd makes no representations and is not responsible for any issues arising between you and any of your clients or other third parties with whom you engage in PayShyft transactions. PayShyft (Pty) Ltd is not liable for any correspondence, transfer of information, transfer of assets, transaction, agreement, understanding, payment, dispute or any other action, either written, oral or otherwise, between you and any third party, either related to the Site, Services, PayShyft or otherwise, and shall not be liable for any damage or loss incurred by either party with respect to the foregoing.

Other Legal Requirements: The Site and Services are not designated for the bypass or otherwise replacement of any external legal and regulatory requirements governing the registration or transfer of any Assets, including without limitations, any securities laws, liquidation and bankruptcy laws, real estate laws, etc. as may be applicable from time to time in your jurisdiction. PayShyft (Pty) Ltd does not warrant that PayShyft transaction will enable the legal transfer of any real asset from one person to another person to the extent that such transfer is conditioned upon any legal or regulatory procedures, approvals, permits, registrations or other requirements. Therefore, PayShyft (Pty) Ltd is not liable for any damages or expenses which you or your clients (or any third party engaged in an Asset Transaction) may incur using the Services or PayShyft. You agree to comply and to be solely liable to assure compliance by your clients with all applicable laws and regulation including, without limitation, any anti-money laundering laws, consumer protection laws and tax laws and regulations as shall be from time to time. You further acknowledge that PayShyft (Pty) Ltd makes no representation and is not responsible for any proof of ownership of any PayShyft asset and will not be liable for any loss or damage incurred from the above.

Your Liability Towards Third Parties: You hereby acknowledge and agree to be solely liable for any issues related to your engagement with clients or other third parties in relation to your use of the Site and Services. Among others, you shall be solely liable for any payments required to be made to such third parties and you shall indemnify PayShyft (Pty) Ltd for any damages incurred by it in connection with the above, including, without limitations, in connection with any claims by such third parties.

Without limiting, and in addition to, any other obligation that you may owe under this Agreement, you are at all times responsible for the acts and omissions of your employees, contractors and agents, to the extent such persons are acting within the scope of their relationship with you.

You agree to defend PayShyft (Pty) Ltd, our affiliates, and their respective employees, agents, and service providers (each an “PayShyft Entity”) against any claim, suit, demand, loss, liability, damage, action, or proceeding (each, a “Claim”) brought by a third party against an PayShyft Entity, and you agree to fully reimburse the PayShyft Entities for any Claims that results from: (i) your breach of any provision of this Agreement; (ii) any Fees, Fines, Disputes, Refunds, Reversals, Returns, or any other liability we incur that results from your use of the Payment Processing Services; (iii) negligent or wilful misconduct of your employees, contractors, or agents; or (iv) contractual or other relationships between you and Customers.

Important Note for Sole Proprietors: If you are using Services as a sole proprietor, please keep in mind that the Law and the terms of this Agreement consider you and your business to be legally one and the same. You are personally responsible and liable for your use of the Services, Payment of Fees, Refunds, Reversals, Fines, losses based on Disputes or Fraud, or for any other amounts you owe under this Agreement for your failure to use Security Controls, and for all other obligations to us and to your Customers. You risk personal financial loss if you fail to pay any amounts owed. Please take the time to read our Documentation and take any measures appropriate to protect against such losses.

Disclaimer of Warranties: WITHOUT DEROGATING FROM THE PROVISIONS OF SECTION 10 HEREIN, YOU ACKNOWLEDGE AND AGREE THAT TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, YOUR USE OF PAYSHYFT IS AT YOUR SOLE RESPONSIBILITY AND RISK, AND THAT PAYSHYFT IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. PAYSHYFT (PTY) LTD AND ITS SHAREHOLDERS, OFFICERS, DIRECTORS, EMPLOYEES, SERVICE PROVIDERS, REPRESENTATIVES OR AFFILIATES (“PAYSHYFT RELATED PARTIES”) EXPRESSLY DISCLAIM ALL WARRANTIES, REPRESENTATIONS AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, RELATED TO PAYSHYFT, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABIILTY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. PayShyft may be inappropriate for your particular circumstances. Furthermore, juristic laws may require different or additional provisions to ensure the desired result. You should consult with legal counsel to determine the appropriate legal or business documents necessary for your particular transactions.

No Liability: WITHOUT DEROGATING FROM THE PROVISIONS OF SECTION 11 HEREIN, IN NO EVENT WILL PAYSHYFT (PTY) LTD BE LIABLE TO YOU FOR ANY LOST PROFITS, LOST SAVINGS OR INCIDENTAL, INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF YOUR USE OR INABILITY TO USE PAYSHYFT, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

4. Term & Termination of Rights to Use the Services

The term of these Terms shall commence on the date you accept these Terms and shall continue indefinitely unless otherwise terminated in accordance with these Terms.

You agree that PayShyft (Pty) Ltd may for any reason, in its sole discretion and without notice, prevent your use of the Services. Grounds for such prevention may include (but are not limited to): (i) violation of the letter or spirit of these Terms; (ii) fraudulent, harassing or abusive behaviour; or (iii) behaviour that is harmful to other users, third parties, or the business interests of PayShyft (Pty) Ltd.

If PayShyft (Pty) Ltd believes, in its sole discretion, that a violation of these Terms or any illegal or inappropriate behaviour has occurred, we may take any other corrective action we deem appropriate. We reserve the right to investigate suspected violations of these Terms or illegal and inappropriate behaviour on the Services or Site. We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone believed to have violated these Terms or to have engaged in illegal behaviour on the Site, including disclosing to such law enforcement authorities any information and data in our possession. Any such action shall not affect your obligations to PayShyft (Pty) Ltd under these Terms (including but not limited to your payment obligations, or the provisions of these Terms regarding intellectual property, indemnification and limitation of PayShyft (Pty) Ltd’ liability).

5. Taxes

It is your responsibility to determine what, if any, taxes apply to your engagement with PayShyft (Pty) Ltd and/or to any transactions conducted by you using SPayShyft, and it is your responsibility to collect, report and remit the correct tax to the appropriate tax authority. PayShyft (Pty) Ltd is not responsible for determining whether taxes apply to your any of the above transactions, or for collecting, reporting or remitting any taxes arising from any such transactions. You are hereby advised to consult in such matters with certified public accountants or lawyers in the applicable jurisdictions.

6. Intellectual Property

PayShyft (Pty) Ltd owns the Services and Site, including all worldwide intellectual property rights in the Services and Site and their content, trademarks, service marks, and logos contained therein. You may not copy, further develop, reproduce, republish, modify, alter download, post, broadcast, transmit or otherwise use the Site, Services or any content, except as expressly permitted by PayShyft (Pty) Ltd in writing. You will not remove, alter or conceal any copyright, trademark, service mark or other proprietary rights notices incorporated in the Services, Site or their content. All trademarks are trademarks or registered trademarks of their respective owners. Nothing in these Terms grants you any right to use any trademark, service mark, logo, or trade name of PayShyft (Pty) Ltd or any third party, except as expressly permitted by PayShyft (Pty) Ltd in writing.

You are not required to provide us with any feedback or suggestions regarding the Site or Services. However, should you provide us with comments or suggestions regarding the Site or the Services, then you agree that no such feedback shall be subject to any obligation of confidentiality, that all rights in such feedback shall be exclusively owned by us, and that we may use or publish such feedback at our discretion, without any liability or obligations to compensate you for such use.

You are granted a non-exclusive and non-transferable license to electronically access and use the PayShyft IP (Intellectual Property) only in the manner described in this Agreement. PayShyft (Pty) Ltd does not sell to you, and you do not have the right to sub-license the PayShyft (Pty) Ltd IP unless otherwise agreed between yourself and PayShyft in a separate agreement that must be signed by both parties. We may make updates to the PayShyft IP or new Services available to you automatically as electronically published by PayShyft (Pty) Ltd, but we may require action on your part before you may use the PayShyft (Pty) Ltd IP or new Services (including activation through the Dashboard, or acceptance of new or additional terms). PayShyft (Pty) Ltd may revoke or terminate this license at any time if you use PayShyft (Pty) Ltd IP in a manner prohibited by this Agreement.

You may not: (i) claim or register ownership of PayShyft (Pty) Ltd IP on your behalf or on behalf of others; (ii) sub-license any rights in PayShyft (Pty) Ltd IP granted by us; (iii) import or export any PayShyft (Pty) Ltd IP to a person or country in violation of any country’s export control Laws; (iv) use  PayShyft (Pty) Ltd IP in a manner that violates this Agreement or Laws; or (v) attempt to do any of the foregoing.

7. Rules of Use

You may not, nor may you assist other parties to (a) copy, modify, or create derivative works of the Services, Site or content of any of the Services of Site, (b) reverse-engineer, disassemble, or attempt to derive the source code of the software used to provide the Site or Services, (c) attempt to disable or circumvent any security or access control mechanism of the Site or Services, or (d) design or assist in designing cheats, exploits, automation software, bots, hacks, modes or any other unauthorized third-party software to modify or interfere with the Site or Services.

You agree that you will not: (a) solicit another person’s password or other personal information under false pretenses; (b) impersonate another user or otherwise misrepresent yourself in any manner whether to another user, to us, or otherwise; (c) violate the legal rights of others, including defaming, abuse, stalking or threatening users; (d) infringe the intellectual property rights, privacy rights, or moral rights of any third party or PayShyft (Pty) Ltd, (e) violate any applicable law, rule or regulation, (f) circumvent, disable, or otherwise interfere with security-related features of the Site or Services or features that prevent or restrict use or copying of any Services or Site content; or (g) take any action that imposes an unreasonable or disproportionately large load on our infrastructure; or detrimentally interfere with, intercept, or expropriate any system, data, or information. Violation of any of these prohibitions shall be cause for immediate suspension or termination of your right to use the Services, provided that such suspension or termination shall not impair PayShyft App (Pty) Ltd’ right to exercise any other remedy available to it under any applicable law.

8. Disclaimers

PayShyft (Pty) Ltd makes reasonable efforts to ensure that its technology keeps your assets and your information safe and secure. However, no method of electronic storage is 100% secure. Therefore, while we strive to use commercially acceptable means to protect your assets and your information, we cannot guarantee its absolute security. EXCEPT AS EXPRESSLY SET FORTH HEREIN, YOUR USE OF THE SITE AND SERVICES IS AT YOUR SOLE DISCRETION AND RISK. THE SITE, AND SERVICES ARE PROVIDED ON AN AS IS AND AS AVAILABLE BASIS WITHOUT WARRANTIES OF ANY KIND. PAYSHYFT (PTY) LTD EXPRESSLY DISCLAIMS ALL IMPLIED OR STATUTORY WARRANTIES OF ANY KIND RELATING TO THE SITE AND SERVICES, INCLUDING WITHOUT LIMITATION THE WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF PROPRIETARY RIGHTS, COURSE OF DEALING OR COURSE OF PERFORMANCE. PayShyft (Pty) Ltd does not give any advice regarding the risk or suitability of any trade, transaction or investment strategy. You shall not hold PayShyft (Pty) Ltd or any of PayShyft (Pty) Ltd Related Parties liable for any business decisions or choices made by you or your clients. No advice or information, whether oral or written, obtained by you from PayShyft (Pty) Ltd, shall create any warranty not expressly stated in these Terms. If you choose to rely on such information, you do so solely at your own risk. Some jurisdictions do not allow the exclusion of certain warranties. Accordingly, some of the above exclusions may not apply to you.

PayShyft (Pty) Ltd makes reasonable commercial efforts in order to make sure that the Services are available at all times, however PayShyft (Pty) Ltd does not warrant the availability of the Services or any part thereof and shall not be responsible for any damages or expenses incurred by you as a result of the unavailability of the Services or any part thereof, any errors in using the Services, any PayShyft transactions not performed as a result of any errors and any other incidents and events which are not entirely under PayShyft (Pty) Ltd’ control.

9. Limitation of Liability

PayShyft (Pty) Ltd is not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers or providers, computer equipment, software, failure of any email due to technical problems or traffic congestion on the Internet or on any of the Site or Services or combination thereof, including any injury or damage to users or to any person’s computer related to or resulting from participation or downloading materials in connection with the Site or Services. Under no circumstances shall PayShyft (Pty) Ltd be responsible for the conduct of third parties, including any users of the Site or Services, whether online or offline, and operators of external sites.

IN NO EVENT SHALL PAYSHYFT (PTY) LTD OR ANY OF ITS RELATED PARTIES BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE SITE OR SERVICES, WHETHER OR NOT THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT PAYSHYFT (PTY) LTD HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION. IN THE EVENT THAT DESPITE THE INTENTION OF THE PARTIES, PAYSHYFT (PTY) LTD IS ASSIGNED ANY LIABILITY FOR DAMAGES, THAN IN NO EVENT SHALL PAYSHYFT (PTY) LTD’ CUMULATIVE LIABILITY TO YOU EXCEED THE HIGHER OF EITHER (A) R1,000.00; OR (B) THE AMOUNTS PAID BY YOU DIRECTLY TO PAYSHYFT (PTY) LTD IN THE THREE (3) MONTHS PRECEDING THE APPLICABLE CLAIM.

These limitations on our liability to you will apply regardless of the legal theory on which your claim is based, including contract, tort (including negligence), strict liability, or any other theory or basis.

We provide the Services from facilities in the Republic of South Africa. We do not claim, and we cannot guarantee that Services we provide from the Republic of South Africa are or will be appropriate or available for any other location or jurisdiction, comply with the Laws of any other location or jurisdiction, or comply with Laws governing export, import, or foreign use.

10. Linked Sites

The Site or Services may contain links or advertisements to websites, services or resources belonging to third parties. Such websites may also include links to the Services or Site. We urge our users to exercise caution in using third-party sites. We have no control over such sites, services or resources and all use of the foregoing is at your own risk. Additionally, we do not accept responsibility for any payments processed or submitted through such third party sites. You acknowledge and agree that we are not responsible for the availability of such websites or resources, which may collect data or solicit personal information from you, and we are not responsible or liable for any advertising, products, or other materials available on such websites. Third parties provide their own terms and conditions and privacy policies and any claims in regard to the services provided or content contained therein shall be directed to such third parties.

11. Indemnification

You agree to indemnify, defend, and hold harmless PayShyft (Pty) Ltd and any PayShyft (Pty) Ltd Related Parties, against any and all claims, damages, or costs or expenses (including reasonable attorneys’ fees) that arise directly or indirectly from: (a) breach of these Terms by you or anyone using your computer or password; (b) your violation of any law or regulation; (c) your infringement of any right of any third party; and (d) any other matter for which you are responsible hereunder or under law. You agree that your use of the Site and Services (including, without limitation, provision of services in connection with the Site) shall be in compliance with all applicable laws, regulations and guidelines.

12. API & Dashboard

PayShyft (Pty) Ltd has developed and provides access to the API (Application Programming Interface) that may be used to access the Services. You may use the API solely as described in the Documentation to use the Services on websites and through the applications identified in your PayShyft Account. You may manage your PayShyft Account, connect with other service providers, and enable additional features through the PayShyft management dashboard (“Dashboard”).

You may not use the API for any purpose, function, or feature not described in the Documentation or otherwise communicated to you by us. Due to the nature of the Services, we will update the API and Documentation from time to time, and may add or remove functionality. We will provide you Notice in the event of material changes, deprecation’s, or removal of functionality from the API so that you may continue using the Services with minimal interruption.

We will make publishable and secret API keys for live and test Transactions available to you through the Dashboard. Publishable keys identify Transactions with your Customers, and secret keys permit any API call to your PayShyft Account. You are responsible for securing your secret keys – do not publish or share them with any unauthorized persons. Failure to secure your secret keys will increase the likelihood of fraud on your PayShyft (Pty) Ltd Account and potential losses to you or your Customers. You should contact us immediately if you become aware of any unauthorized use of your secret key or any other breach of security regarding the Services. We make use of JWT (Jason Web Tokens) to assign and manage access tokens to you through the Dashboard.

13. PayShyft

a. Registration and Permitted Activities: Only businesses (including sole proprietors), bona fide charitable organizations, and other entities or persons located in non-restrictive Countries are eligible to apply for an PayShyft Account to use the Services described in this Agreement. PayShyft (Pty) Ltd and its affiliates may provide Services to you or your affiliates in other countries or regions under separate agreements. To register for an PayShyft Account, you or the person or people submitting the application (your “Representative”) must provide us with your business or trade name, physical address, email, phone number, tax identification number (If applicable), URL, the nature of your business or activities, and certain other information about you that we require. We may also collect personal information (including name, birth date, and government-issued identification number) about your beneficial owners, principals, and your PayShyft Account administrator. Until you have submitted, and we have reviewed and approved, all required information, your PayShyft Account will be available to you on a preliminary basis only, and we may terminate it at any time and for any reason.

b. Business Representative: You and your Representative individually affirm to PayShyft (Pty) Ltd that (i) your Representative is authorized to provide the information described in this Section A.13 on your behalf and to bind you to this Agreement and (ii) your Representative is an executive officer, senior manager or otherwise has significant responsibility for the control, management or direction of your business. We may require you or your Representative to provide additional information or documentation demonstrating your Representative’s authority. Without the express written consent of PayShyft (Pty) Ltd, neither you nor your Representative may register or attempt to register for an PayShyft Account on behalf of a user PayShyft (Pty) Ltd previously terminated from use of the Services. If you are a sole proprietor, you and your Representative also affirm that your Representative is personally responsible and liable for your use of the Services and your obligations to Customers, including payment of any amounts owed under this Agreement.

c. Validation and Underwriting: At any time during the term of this Agreement and your use of the Services, we may require additional information from you to verify beneficial ownership or control of the business, validate information you provided, verify you or your Representative’s identity, and assess the risk associated with your business. This additional information may include business invoices, copies of government-issued identification, business licenses, or other information related to your business, its beneficial owners or principals. Your failure to provide this information or material may result in suspension or termination of your PayShyftAccount. You authorize us to retrieve information about you from our service providers and other third parties, including credit reporting agencies and information bureaus and you authorize and direct such third parties to compile and provide such information to us. You acknowledge that this may include your name, addresses, credit history, and other data about you or your Representative. You acknowledge that we may use your information to verify any other information you provide to us, and that any information we collect may affect our assessment of your overall risk to our business. You acknowledge that in some cases, such information may lead to suspension or termination of your PayShyft Account. PayShyft (Pty) Ltd may periodically update this information as part of our underwriting criteria and risk analysis procedures.

d. Changes to Your Business, Keeping your PayShyft Account Current: You agree to keep the information in your PayShyft Account current. You must promptly update your PayShyft Account with any changes affecting you, the nature of your business activities, your Representatives, beneficial owners, principals, or any other pertinent information. We may suspend your PayShyft Account or terminate this Agreement if you fail to keep this information current. You also agree to promptly notify us in writing no more than three days after any of the following occur: you are the subject of any voluntary or involuntary bankruptcy or insolvency application, petition or proceeding, receivership, or similar action (any of the foregoing, a “Bankruptcy Proceeding”); there is an adverse change in your financial condition; there is a planned or anticipated liquidation or substantial change in the basic nature of your business; you transfer or sell 25% or more of your total assets, or there is any change in the control or ownership of your business or parent entity; or you receive a judgment, writ or warrant of attachment or execution, lien or levy against 25% or more of your total assets.

e. Services Signed Up For: You will be able to sign up for any of the PayShyft services as described throughout this website either (a) Directly by contacting PayShyft, or (b) by way of a Reseller/Partner.

14. Fees & Fines

PayShyft (Pty) Ltd will provide the Services to you at the rates and for the fees (“Fees”) agreed upon during evaluation of your business needs and requirements on the Pricing page in your PayShyft CRM Dashboard, incorporated into this Agreement. The Fees include charges for Licensing fees (per seat) and for other events connected with your PayShyft Account (such as handling a disputed charge). We may revise the Fees at any time. However, we will provide you with at least 30 days’ advance notice before revisions become applicable to you (or a longer period of notice if this is required by applicable Law).

You are also obligated to pay all taxes, fees and other charges imposed by any governmental authority (“Taxes”), including any value added tax, goods and services tax, provincial sales tax and/or harmonized sales tax on the Services provided under this Agreement. If you are tax-exempt, you will provide us with an appropriate certificate or other evidence of tax exemption that is satisfactory to us.

15. Suspicion of Unauthorized or Illegal Use

We may refuse, condition, or suspend any Transactions that we believe: (i) may violate this Agreement or other agreements you may have with PayShyft (Pty) Ltd; (ii) are unauthorized, fraudulent or illegal; or (iii) expose you, PayShyft (Pty) Ltd, or others to risks unacceptable to PayShyft (Pty) Ltd. If we suspect or know that you are using or have used the Services for unauthorized, fraudulent, or illegal purposes, we may share any information related to such activity with the appropriate financial institution, regulatory authority, or law enforcement agency consistent with our legal obligations. This information may include information about you, your PayShyftAccount, your Customers, and Transactions made through your use of the Services.

16. Disclosures & Notices: Electronic Signature Consent

a. Consent to Electronic Disclosures and Notices: By registering for an PayShyft Account, you agree that such registration constitutes your electronic signature, and you consent to electronic provision of all disclosures and notices from SPayShyft (Pty) Ltd (“Notices”), including those required by Law. You also agree that your electronic consent will have the same legal effect as a physical signature.

b. Methods of Delivery: You agree that PayShyft (Pty) Ltd can provide Notices regarding the Services to you through our website or through the Dashboard (as defined below), or by mailing Notices to the email or physical addresses identified in your PayShyft Account. Notices may include notifications about your PayShyft Account, changes to the Services, or other information we are required to provide to you. You also agree that electronic delivery of a Notice has the same legal effect as if we provided you with a physical copy. We will consider a Notice to have been received by you within 24 hours of the time a Notice is either posted to our website or emailed to you.

c. SMS and Text Messages: You authorize us to provide Notices to you via text message to allow us to verify your or your Representative’s control over your PayShyft Account (such as through two-step verification), and to provide you with other critical information about your PayShyft Account. Standard text or data charges may apply to such Notices. Where offered, you may disable text message notifications in the Dashboard by responding to any such message with “STOP”, or by following instructions provided in the message. However, by disabling text messaging, you may be disabling important Security Controls (as defined below) on your PayShyft Account and may increase the risk of loss to your business.

d. Requirements for Delivery: It should come as no surprise to you that you will need a computer or mobile device, Internet connectivity, and an updated browser to access your Dashboard and review the Notices provided to you. If you are having problems viewing or accessing any Notices, please contact us and we can find another means of delivery.

e. Withdrawing Consent: Due to the nature of the Services, you will not be able to begin using the Services without agreeing to electronic delivery of Notices. However, you may choose to withdraw your consent to receive Notices electronically by terminating your PayShyft Account.

17. Payment Processing Overview

PayShyft (Pty) Ltd works with various PayShyft (Pty) Ltd affiliates, Payment Method Providers and Payment Method Acquirers to retrieve funds from our customers. The use of Payment Processing enable us to submit Charges (as defined below), we may limit or refuse to process Charges for any Restricted Businesses, or for Charges submitted in violation of this Agreement.

The following terms used in this Agreement relate to the collection of funds from your debit/credit card to PayShyft (Pty) Ltd:

• “Charge” means a credit or debit instruction to capture funds from an account that a Customer maintains with a bank or other financial institution in connection with a Transaction.

• “Dispute” means an instruction initiated by a Customer for the return of funds for an existing Charge (including a charge-back or dispute on a payment card network; and disputes on the Automated Clearinghouse (ACH) network).

• “Fine” means any fines, levies, or other charges imposed by PayShyft, a Payment Method Provider or a Payment Method Acquirer, caused by your violation of Laws or this Agreement, or as permitted by the applicable Payment Method Rules.

• “Payment Method Rules” means the guidelines, bylaws, rules, and regulations imposed by the Payment Method Providers and Payment Method Acquirers that operate Payment Methods supported by PayShyft (Pty) Ltd (including the payment card network operating rules (“Network Rules”) for the Visa, Mastercard, Discover and American Express networks.

• “Payment Method” means a type of payment method that PayShyft (Pty) Ltd accepts as part of the Payment Processing, such as credit card and debit card.

• “Payment Method Acquirer” means a financial institution that is authorized by a Payment Method Provider to enable the use of a Payment Method by accepting Charges from Customers on behalf of the Payment Method Provider, and routing these Charges to the Payment Method Provider.

• “Payment Method Provider” means the provider of a Payment Method, such as Visa, Mastercard, Discover, and American Express.

• “Payment Processing” are Services that PayShyft use to accept payments from our Customers for Transactions, perform other financial transactions, manage subscriptions, and perform transaction reporting.

• “Refund” means an instruction initiated by PayShyft to return funds to a Customer for an existing Charge.

• “Return” means an instruction initiated by PayShyft, a Customer, a Payment Method Provider or a Payment Method Acquirer to return funds unrelated to an existing Charge.

• “Reversal” means an instruction initiated by a Payment Method Provider, a Payment Method Acquirer or PayShyft to return funds for an existing Charge. Reversals may result from (i) invalidation of a charge by a Payment Method Provider or a Payment Method Acquirer; (ii) funds settled to PayShyft in error or without authorization; and (iii) submission of a Charge in violation of the applicable Payment Method Rules, or where submission of the Charge or the use of Payment Processing violates this Agreement.

18. Reconciliation & Error Notification

The Dashboard contains details of Charges, Charge history, and other activity on your PayShyft Account. Except as required by Law, you are solely responsible for reconciling the information in the Dashboard generated by your use of PayShyft with your records of Customer Transactions, and for identifying any errors. You agree to review your PayShyft Account and immediately notify us of any errors. We will investigate any reported errors, including any errors made by PayShyft or a Payment Method Provider, and, when appropriate, attempt to rectify them by crediting or debiting the Account identified in the Dashboard. However, you should be aware that your ability to recover funds you have lost due to an error may be very limited or even impossible, particularly if we did not cause the error, or if funds are no longer available in any Payout Account. For Transaction errors, we will work with you and our Payment Method Providers to correct a Transaction error in accordance with the applicable Payment Method Rules. If you fail to communicate an error to us for our review without undue delay and, in any event, within 60 days after you discovered it and flagged it in the Dashboard, you waive your right to make any claim against us or our Payment Method Providers for any amounts associated with the error.

19. Dormant Accounts

If you leave any funds dormant in an PayShyft Account and you do not give us instructions where to send them, we may be required by Law to deem the funds to be abandoned by you, and to deliver them to various government agencies. To the extent required by Law, we will attempt to provide you Notice if we hold funds payable to you in an account beyond the applicable dormancy period for abandoned property. If we are unable to contact you, we will treat the funds in your PayShyft Account to be abandoned.

20. No Agency: Third Party Services

Except as expressly stated in this Agreement, nothing in this Agreement serves to establish a partnership, joint venture, or other agency relationship between you and us, or with any Partner/Reseller of PayShyft. Each party to this Agreement, and each Partner/Reseller is an independent contractor. Unless a Partner/Reseller expressly agrees, neither you nor we have the ability to bind a Partner/Reseller to any contract or obligation, and neither party will represent that you or we have such an ability.

We may reference or provide access to third-party services, products, and promotions that utilize, integrate, or provide ancillary services to the Services (“Third-Party Services”). These Third-Party Services are provided for your convenience only and do not constitute our approval, endorsement, or recommendation of any such Third-Party Services for you. You access and use any Third-Party Service based on your own evaluation and at your own risk. You understand that your use of any Third-Party Service is not governed by this Agreement. If you decide to use a Third-Party Service, you will be responsible for reviewing, understanding and accepting the terms and conditions associated with its use. We expressly disclaim all responsibility and liability for your use of any Third-Party Service. Please also remember that when you use a Third-Party Service, our Privacy Policy is no longer in effect. Your use of a Third-Party Service, including those that have a link on our website, is subject to that Third-Party Service’s own terms of use and privacy policies.

21. Force Majeure

Neither party will be liable for any delays in processing or other non-performance caused by telecommunications, utility, failures, or equipment failures; labour strife, riots, war, or terrorist attacks; non-performance of our vendors or suppliers, fires or acts of nature; or any other event over which the respective party has no reasonable control. However, nothing in this section will affect or excuse your liabilities or your obligation to pay Fees, Fines, Disputes, Refunds, Reversals, or Returns under this Agreement.

22. Representation & Warranties

By accepting the terms of this Agreement, you represent and warrant that: (a) you are eligible to register and use the Services and have the authority to execute and perform the obligations required by this Agreement; (b) any information you provide us about your business, products, or services is accurate and complete; (c) any Charges represent a Transaction for permitted products, services, or donations, and any related information accurately describes the Transaction; (d) you will fulfil all of your obligations to Customers and will resolve all Disputes with them; (e) you will comply with all Laws applicable to your business and use of the Services; (f) your employees, contractors and agents will at all times act consistently with the terms of this Agreement; (g), and (h) you will not use the Services, directly or indirectly, for any fraudulent or illegal undertaking, or in any manner that interferes with the normal operation of the Services.

23. Responding to Legal Process

PayShyft (Pty) Ltd may respond to and comply with any writ of attachment, lien, levy, subpoena, warrant, or other legal order (“Legal Process”) that we believe to be valid. We or any Distributor/Partner/Reseller or Payment Method Provider (including, where applicable, the Payment Method Acquirer for the Payment Method) may deliver or hold any funds or, subject to the terms of our Privacy Policy, any Data as required under such Legal Process, even if you are receiving funds or Data on behalf of other parties. Where permitted by Law, we will make reasonable efforts to provide you Notice of such Legal Process by sending a copy to the email address we have on file for you. PayShyft (Pty) Ltd is not responsible for any losses, whether direct or indirect, that you may incur as a result of our response or compliance with a Legal Process.

24. Entire Agreement

This Agreement and all policies and procedures that are incorporated by reference constitute the entire agreement between you and PayShyft (Pty) Ltd for provision and use of the Services. Except where expressly stated otherwise in a writing executed between you PayShyft (Pty) Ltd, this Agreement will prevail over any conflicting policy or agreement for the provision or use of the Services. This Agreement sets forth your exclusive remedies with respect to the Services. If any provision or portion of this Agreement is held to be invalid or unenforceable under Law, then it will be reformed and interpreted to accomplish the objectives of such provision to the greatest extent possible, and all remaining provisions will continue in full force and effect.

25. Cumulative Rights, Construction, Waiver

The rights and remedies of the parties under this Agreement are cumulative, and either party may enforce any of its rights or remedies under this Agreement, along with all other rights and remedies available to it at Law, in equity or under the Payment Method Rules. No provision of this Agreement will be construed against any party on the basis of that party being the drafter. Unless expressly stated otherwise, the use of the term “including” or “such as” is not to be interpreted as limiting the generality of the text preceding the term. The failure of either party to enforce any provision of this Agreement will not constitute a waiver of that party’s rights to subsequently enforce the provision.