Terms of Service

1. Introduction

Welcome to NISPAY ("Company", "we", "our", "us"). These Terms of Service ("Terms") govern your use of our website located at https://nispay.in and the NISPAY platform (collectively, the "Service").

By accessing or using our Service, you agree to be bound by these Terms. If you disagree with any part of the terms, you may not access the Service.

2. About NISPAY

NISPAY operates as a peer-to-peer (P2P) platform facilitating the exchange of digital assets (specifically USDT) for local currency (INR). We provide the technology infrastructure to connect buyers and sellers and manage the escrow/verification process of these transactions.

[LEGAL / COMPLIANCE REVIEW REQUIRED] We do not act as a financial institution, bank, or a broker-dealer.

3. Eligibility and Account Registration

• Age: You must be at least 18 years old to use this Service.
• Accuracy: You must provide accurate, complete, and current information (including your Full Name and Phone Number) during registration.
• Account Security: You are responsible for safeguarding your password and authentication credentials. You must notify us immediately of any unauthorized use of your account.

4. P2P Transaction Process

4.1 Buying USDT

When initiating a "Buy" transaction, you agree to transfer the specified INR amount to the provided bank account details within the allotted time frame. You must provide a valid Transaction Hash (TxHash) or UTR number as proof of payment. Failure to complete the payment within the time limit will result in automatic expiration of the order.

4.2 Selling USDT

When initiating a "Sell" transaction, you agree to transfer the specified USDT amount to the provided wallet address over the correct network (e.g., TRC20, ERC20). You must ensure the destination wallet address is accurate.

4.3 Verifications and Fulfillment

All transactions are subject to verification by our administrative team. Upon successful verification of funds (via UTR or blockchain explorer), the corresponding assets will be released to your linked Bank Account or Crypto Wallet.

5. Payment and Wallet Responsibilities

• Bank Accuracy: You are solely responsible for ensuring the accuracy of your Bank Name, Account Number, Account Holder Name, and IFSC Code. NISPAY is not liable for funds sent to incorrect accounts provided by you.
• Wallet Accuracy: You are solely responsible for ensuring the accuracy of your Crypto Wallet Address and selected Network. Cryptographic transactions are irreversible. NISPAY is not liable for lost assets due to incorrect wallet information or network mismatches.
• Third-Party Accounts: [LEGAL / COMPLIANCE REVIEW REQUIRED] You agree to only use bank accounts and wallets that are legally registered in your own name.

6. Referral and Commission Program

NISPAY may offer a referral program where users can earn commissions based on the trading activity of referred users.

• Attribution: Referrals are tracked via unique referral codes entered during sign-up.
• Commissions: Commissions are calculated as a percentage of the completed transaction's INR value and credited to the referrer's commission ledger.
• Withdrawals: Accrued commissions can be withdrawn to a linked bank account, subject to minimum withdrawal limits and administrative approval.
• Modification: We reserve the right to modify commission rates, pause the referral program, or revoke commissions obtained through fraudulent activity at any time without prior notice.

7. Prohibited Use

You agree not to use the Service:

• In any way that violates any applicable national or international law or regulation.
• For the purpose of exploiting, harming, or attempting to exploit or harm minors.
• To transmit, or procure the sending of, any advertising or promotional material, including any "junk mail", "chain letter", "spam", or any other similar solicitation.
• To impersonate or attempt to impersonate NISPAY, a NISPAY employee, another user, or any other person or entity.
• To engage in money laundering, terrorist financing, or other financial crimes. [LEGAL / COMPLIANCE REVIEW REQUIRED]

8. Service Limitations and Availability

We reserve the right to pause, disable, or modify buying and selling functionalities at any time based on market conditions, liquidity, or administrative maintenance. We do not guarantee uninterrupted access to the platform.

9. Account Suspension and Termination

We may terminate or suspend your account and bar access to the Service immediately, without prior notice or liability, under our sole discretion, for any reason whatsoever and without limitation, including but not limited to a breach of the Terms.

10. Risk Disclosure

[LEGAL / COMPLIANCE REVIEW REQUIRED] Trading and holding digital assets involves significant risk. The value of digital assets is highly volatile. You should carefully consider whether trading digital assets is suitable for you in light of your financial condition.

11. Privacy Policy

Please review our Privacy Policy, which also governs your use of the Service, to understand our practices regarding your personal data.

12. Governing Law

[LEGAL / COMPLIANCE REVIEW REQUIRED] These Terms shall be governed and construed in accordance with the laws of [Your Jurisdiction], without regard to its conflict of law provisions.

13. Changes to Terms

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. By continuing to access or use our Service after any revisions become effective, you agree to be bound by the revised terms.

14. Contact Us

If you have any questions about these Terms, please contact us at:
Email: contact@nispay.in