1. Introduction

This Agreement constitutes a binding contract between you, the "User ," and Payyd Tech Works LLC ("Company"), governing your use of the Payyd platform services ("Services"). By registering for the Services, you agree to all terms and conditions set forth in this Agreement. It is advisable to store or print a copy of this Agreement for your records.

2. Legal Framework

This document is an electronic record under multiple jurisdictions. It outlines the rules, regulations, privacy policy, and terms of use for accessing www.payyd.money. Additionally, it adheres to various international electronic record acts, including but not limited to:

United States: The Electronic Signatures in Global and National Commerce Act (E-SIGN Act) and the Uniform Electronic Transactions Act (UETA).

European Union: The eIDAS Regulation (EU) No 910/2014 on electronic identification and trust services for electronic transactions in the internal market.

Canada: The Personal Information Protection and Electronic Documents Act (PIPEDA).

Australia: The Electronic Transactions Act 1999.

Singapore: The Electronic Transactions Act (Cap. 88).

India: Information Technology Act, 2000, and complies with Rule 3(1) of the Information Technology (Intermediaries guidelines) Rules, 2011.

These regulations ensure the legal validity and enforceability of electronic records and signatures across different jurisdictions.

3. Personal Information Processing

We collect and store your personal information to provide a safe, efficient, and customized experience. This includes tracking your behavior on our website to better understand and serve you. We use cookies to enhance your experience, and you have the option to decline them.

4. Use of the Website

Your use of the Website and Services is governed by these Terms of Use and applicable policies. By using the Website, you agree to comply with these terms and any amendments thereto. We grant you a personal, non-exclusive, non-transferable, limited privilege to enter and use the Website.

5. Access Conditions & Policy

By accepting these Terms of Use, you also agree to be bound by Payyd Policies, including the Privacy Policy. Foreign exchange transactions are subject to RBI regulations, and rates provided are dynamic and subject to change.

6. Contractual Eligibility

The Website is available only to individuals who can form legally binding contracts under Indian law. Minors are not eligible to use the Website. If you are under 18, you must use the Website through a legal guardian.

7. Account and Registration Obligations

You are responsible for maintaining the confidentiality of your account information. If any information provided is untrue or incomplete, we reserve the right to suspend or terminate your account.

8. Communications

By using the Website, you consent to receive communications from us electronically. We may communicate with you via email or other electronic means.

9. Platform for Transaction and Communication

The Website serves as a platform for users to interact and transact. Payyd is not a party to any transaction between users and Forex dealers and does not control or guarantee the performance of any transaction.

10. Payments, Cancellations, and Refunds

Payments for foreign exchange services are provided & collected by partner money changers who are licensed in your jurisdiction. Refunds for canceled transactions are processed within 7 working days, subject to applicable charges.

11. Charges

Membership on the Website is free for customers. Payyd reserves the right to change its fee policy and introduce new services or fees.

12. Use of the Website

You agree to use the Website only for lawful purposes and in compliance with all applicable laws. You must not host, display, upload, modify, publish, transmit, update, or share any prohibited information.

13. User Responsibilities

As a user of the Website, you agree to:

• Provide accurate and complete information during registration and maintain the accuracy of such information.
• Keep your account credentials confidential and notify us immediately of any unauthorized use.
• Use the Website in compliance with all applicable laws and regulations.
• Refrain from engaging in any activity that disrupts or interferes with the Website's functionality.
• Respect the intellectual property rights of others and not upload or share any infringing content.
• Avoid posting or transmitting any harmful, offensive, or illegal content.
• Cooperate with any investigations or requests from law enforcement or regulatory authorities.

14. Global Legal Frameworks and Jurisdictions

For users outside of India, the following legal frameworks and jurisdictions apply:

United States: The Electronic Signatures in Global and National Commerce Act (ESIGN) legitimizes electronic signatures, facilitating secure online contracts. The Federal Trade Commission (FTC) oversees consumer protection and privacy regulations.

European Union: The E-Commerce Directive establishes a legal framework for online services, promoting cross-border digital trade while safeguarding consumer rights. The General Data Protection Regulation (GDPR) governs data protection and privacy.

United Kingdom: The UK follows the Data Protection Act 2018, which is aligned with the GDPR, and the E-Commerce Regulations 2002, which regulate online services and consumer protection.

Australia: The Privacy Act 1988 regulates the handling of personal information, and the Australian Consumer Law (ACL) provides consumer protection in online transactions.

Canada: The Personal Information Protection and Electronic Documents Act (PIPEDA) governs data privacy, and the Competition Act oversees fair trading practices.

China: The Cybersecurity Law and the Personal Information Protection Law (PIPL) regulate data privacy and cybersecurity, with strict compliance requirements for online platforms.

15. Indemnity

You agree to indemnify Payyd and its affiliates from any claims or penalties arising from your breach of these Terms of Use or violation of any law.

16. Applicable Law

These Terms of Use are governed by Indian law, and any disputes will be subject to the exclusive authority of Mumbai courts.

17. Trademark, Copyright, and Restriction

All material on the Website is protected by intellectual property rights. You may use the material only for personal, non-commercial purposes.

18. Limitation of Liability

Payyd is not liable for any special, incidental, indirect, or consequential damages arising from these Terms of Use.

19. Contact Us

For any questions or comments regarding the Website, please contact us.