Terms &
Conditions
The complete legal framework governing your use of Paysolo services. Please read carefully to understand your rights and obligations.
Document Status
Active & Current
Website Terms and Conditions
Introduction & Terms of Use
Introduction
These terms of use (âTerms and Conditionsâ), as well as any attached schedules (if any), constitute a legally binding agreement between you the âEnd Customerâ and Paysolo Ltd (also referred to as "Paysolo", "we", "our", "us"), a Limited Liability Company with its registered office in str. ul. TODOR ALEXANDROV No 41, Blagoevgrad, pc 2700, Bulgaria, entered into the Commercial register and register of non-profit legal entities (NPLE) under UIC number 207268330, tax information number: BG207268330, e-mail: contact@paysolo.io
Paysolo is registered as a provider of services related to virtual currencies in the Bulgarian National Revenue Agency â VASP register, under the serial number 5b5d6588d3ea3a5.
Terms of Use
Other Applicable Terms
These terms refer to the following additional terms, which also apply to your use of our site:
- Our Privacy Policy, which sets out the terms on which we process any personal data collected from you, or that you provide to us. By using our site, you consent to such processing, and you warrant that all data provided by you is accurate.
- Our Cookie Policy, which sets out information about the cookies on our site.
Service Providers
Our Strategic Partners
Paysolo collaborates with the following service providers to deliver its services:
BCB Group
BCB Group provides Virtual Named Accounts (vIBANs). We may assign you a virtual named account (âvIBANâ) issued via BCB Group solely to fund your Paysolo balance. Amounts received to a vIBAN may be used only to (i) acquire supported stablecoins (currently USDC and USDT) within the Services, and (ii) convert supported stablecoins to fiat for payout in euro (EUR) only. A vIBAN is not a bank account, deposit, or e-money, and does not earn interest. Top-ups, swaps, and payouts are subject to KYC/AML checks, partner availability, network conditions, limits, and fees. Fiat payouts may only be sent to an account in your name. We may suspend or refuse a transaction where required by law or our risk policies.
Quicko Sp. z o.o. (âQuickoâ)
Provides debit cards. Quicko is authorized as a Payment Institution under Polish and EU law.
P100 Sp. z o.o. (âP100â)
Provides crypto services including custody, exchange, transfers, and other digital asset services. P100 is responsible for:
- Digital Asset conversion service under which you may convert Digital Asset into other Digital Asset (âDigital Asset Conversionâ);
- Fiat currency conversion service under which you may convert fiat currency into any type of Digital Asset to be held in your Digital Asset Wallet (âFiat to DA Conversionâ);
- Digital Asset transfer service under which you may transfer any Digital Asset to another recipient, which may be the Digital Asset Wallet of another User or an external recipient (âDigital Asset Transferâ).
Definitions
Key Terms & Meanings
In these Terms and Conditions (T&Cs), capitalized terms and expressions have the meanings set out below, whether used in the singular or plural:
Access & IP Rights
Usage Rules & Content Ownership
Changes to these Terms
Changes to our site
Accessing our site
Intellectual Property Rights
No text or Data Mining, or Web Scraping
You shall not conduct, facilitate, authorise or permit any text or data mining or web scraping in relation to our site or any services provided via, or in relation to, our site. This includes using (or permitting, authorising or attempting the use of):
- any ârobotâ, âbotâ, âspiderâ, âscraperâ or other automated device, program, tool, algorithm, code, process or methodology to access, obtain, copy, monitor or republish any portion of the site or any data, content, information or services accessed via the same; or
- any automated analytical technique aimed at analysing text and data in digital form to generate information which includes but is not limited to patterns, trends and correlations.
Liability & Disclaimers
Limitations & Responsibilities
No Reliance on Information
Limitation of Liability
We shall not be liable to any user for any loss or damage, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable, arising under or in connection with:
- use of, or inability to use, our site; or
- use of or reliance on any content displayed on our site.
If you are a business user, please note that in particular, we shall not be liable for indirect loss or damage including:
- loss of profits, sales, business, or revenue;
- business interruption;
- loss of anticipated savings;
- loss of business opportunity, goodwill, or reputation; or
- any indirect or consequential loss or damage.
Viruses
You must not misuse our site by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful. You must not attempt to gain unauthorised access to our site, the server on which our site is stored or any server, computer or database connected to our site. You must not attack our site via a denial-of-service attack or a distributed denial-of service attack. By breaching this provision, you would commit a criminal offence under the Bulgarian âCriminal Codeâ and âThe Penal Codeâ. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity and information to them as required or as we deem necessary. In the event of such a breach, your right to use our site will cease immediately and we may:
- take legal proceedings against you for reimbursement of any and all relevant costs on an indemnity basis resulting from your breach;
- take further legal action against you, as appropriate; and/or
- take any other actions which we deem appropriate.
Linking to our Site
Our Rights & Obligations
We may transfer our rights and obligations under these terms to another organisation. We aim to inform you in writing if this happens.
Applicable Law
These terms, its subject matter, and its formation, are governed by the laws of Bulgaria and shall have exclusive jurisdiction.
Acceptance of Terms
By accessing or using any service related and owned by Paysolo, you agree to be bound to these Terms and Conditions. If you do not agree with any part of these terms, you may not use our services.
Terms of Service â Account and Virtual Card
Purpose
The purpose of these T&C is to define the conditions under which Paysolo provides the Services to the End Customer:
- Deposit funds â via payment card or USDT
- The provision of a virtual or physical payment card
- Payment transactions made with card
- Receiving and Issuing of Payment Orders â a payment request link to end user
- Cash withdrawal to own bank account or virtual card or physical card
- Receiving and Transferring:
- SEPA to SEPA
- SEPA to SWIFT
- SWIFSET to PA business-to-business
- SWIFT SEPAto business-to-individual
- SWIFT to SEPA individual-to-individual
- Receive and send USDT to Wallet
- Convert Fiat Currency (EUR) to USDT
- Convert USDT to Fiat Currency (EUR)
Security Requirements for using the Card
The Cardholder shall use the Card in accordance with the Agreement including the following requirements:
Validity of the Card and Issue of a New Card
Non-Refundable Payments
By making a payment using the Paysolo card, the Client expressly acknowledge and agree to the following:
- All transactions for digital services are final and non-refundable;
- Once the service is delivered or access is granted, you waive any right to cancel or request a refund;
- Paysolo does not provide chargebacks, refunds, or cancellations for digital services, except where required by applicable law.
Refunds and Returns
It is the clientâs responsibility to ensure that:
- The correct amount is being paid;
- The service being purchased or paid for is clearly understood;
- The payment method is authorised and valid.
Fraud Prevention and Customer Due Diligence
As part of the Due Diligence program and prevention of money laundering and terrorist financing, Paysolo shall have the following rights:
Entry into Force, Amendment and Termination
Paysolo has the right to terminate the Agreement as an extraordinary remedy without prior notice if:
- The risks associated with the Client are beyond Paysolo risk appetite;
- The Client and/or the Cardholder has provided false information to Paysolo when applying for the Account and/or Card or has failed to provide the Client and/or the Cardholder with known information that affects the performance of the Agreement;
- The Client has not fulfilled its payment obligations to Paysolo within a grace period of 14 days given to the Client;
- The Card issued hereunder has been closed and/or blocked for at least 3 consecutive months;
- The Card expires and the Cardholder fails to accept the new Card from Paysolo within the period stipulated in Clause 21 (incl. failure to activate the new Card);
- The Card has not been used for transactions for 3 consecutive months;
- Paysolo reasonably believes that Paysolo services are being used in a fraudulent, illegal or improper manner.
Information and Submission of Complaints
Liability
Paysolo shall not be liable for failure to perform Operations:
- If there are insufficient Available Funds in the Account to carry out the operation;
- If circumstances beyond Paysolo. control (e.g. fire, flood, national emergency, computer or communication failure) prevent the Operation from being performed;
- If a merchant refuses to accept the Card;
- If the Card has been blocked after the Client or the Cardholder has reported the loss or theft of the Card or the Card Data;
- If Available Funds are subject of legal proceedings or any other encumbrance restricts their use;
- If Paysolo has reason to believe that the operation is unauthorized;
- There are other reasons arising from the Agreement or legislation.
If an unauthorized payment has been made using the lost or stolen Card and/or the Means of Authentication, or if the Card and/or the Means of Authentication have been used in any other unlawful manner, and if the Cardholder has not properly stored the Card and/or the Means of Authentication, and if there are no legal circumstances excluding liability, the Client and the Cardholder shall be liable for any damage caused until the acceptable notification to Paysolo, but not exceeding the amount of 50 euros. This amount limit shall not apply if the unauthorized payment is due to fraud on the part of the Client or the Cardholder, or if the Client or the Cardholder has intentionally or grossly negligently breached the following:
- The obligation to use the Card and/or the Means of Authentication in accordance with the Agreement on its issuance and use, including the obligation to make every effort to protect the Card and/or the Means of Authentication enabling its use from the moment of receipt of the Card and/or the Means of Authentication;
- The obligation to report the loss, theft and unauthorized or improper use of the Card and/or the Means of Authentication immediately after becoming aware of the relevant incident;
- One or more conditions for issuing or using the Card and/or the Means of Authentication.
Final Provisions
The Client or his representative hereby confirms the following:
- He/she has read and agree to the information published on the Paysolo website about identification procedures;
- He/she performs these activities in person;
- The information provided by him/her is correct and complete and he/she is aware of the consequences of providing false, misleading or incomplete information;
- He/she does not provide false, misleading, or incomplete information when establishing a relationship with Paysolo;
- He/she fulfils the necessary conditions for establishing a business relationship established by Paysolo;
- He/she agrees to the application of the legislation of the Republic of Bulgaria.
By entering into this Agreement, the Client certify that:
- The Client have read and understood the terms and conditions of the Agreement, agree with them and agree that the terms and conditions of the Agreement are not signed as a separate document;
- The Client accepts the fees indicated in the Price List;
- The funds in the Account belong to the Client, are of lawful origin and are used only in the course of the Client\'s business.
Terms of Service â Crypto Services
Purpose
Definitions
- Asset
- means a supported cryptographic token (including stablecoins)
- Stablecoin
- means a token intended to maintain a 1:1 reference to fiat or other asset(s) through reserve management by an external issuer.
- Network
- means a blockchain or distributed ledger (e.g., Polygon/MATIC) on which an Asset is issued or transferred.
- Send
- means your instruction to transfer Assets out of your custodial or hosted wallet to another address.
- Custody
- means safekeeping of your Assets.
- Travel Rule Data
- means originator/beneficiary identifiers and related compliance metadata required by applicable regulations.
Eligibility, Onboarding & user Representations
31. Description of Crypto Services
Paysolo may offer:
- hosted or custodial wallets;
- receipt and transfer of supported Assets;
- compliance-filtered transfers; and
- reporting and statements.
32. Supported Assets & Networks (incl. Polygon ex. MATIC)
33. Market Risk, Volatility & Stablecoin-Specific Disclosures
34. Transaction Initiation, IP Address Logging, and Audit Trails
35. Custody Model, Segregation, Title & Insolvency Considerations
36. Wallets, keys, Address Management & Whitelisting
37. Fees, Taxes & Exchange Rates
38. Limits, Controls, Holds & Investigations
39. Fraud, Scams, Social Engineering & User Safeguards
40. Compliance: KYC/AML/Sanctions; Travel Rule; Information Requests
41. Network Events: Congestion, Upgrades, Forks, Airdrops & Bridges
42. Data Protection (incl. GDPR): Processing, Legal Bases & Retention
43. Security Standards, 2FA, Incident Response & User Obligations
44. Service Availability, Maintenance, and Change Management
45. Disclaimers, Warranties & Allocation of Risk
46. Prohibited Uses & Restricted Jurisdictions
47. High-Risk Jurisdictions, Geofencing & VPN/Proxy Use
48. Communications, e-Signatures & Electronic Records
49. Term, Suspension, Termination & Post-Termination Handling
50. Complaints Handling & Dispute Resolution
51. Governing Law
General & Disputes
Governing Law
Laws of Bulgaria. Exclusive jurisdiction of Bulgarian courts.
Dispute Resolution
Negotiation first. Then competent court in Paysolo's registered office location.
Registration
UIC: 207268330
VASP: 5b5d6588d3ea3a5
