Terms of Service

1. Acceptance of Terms

By accessing or using OVGC Payments services, you agree to be bound by these Terms of Service. If you do not agree to these terms, you may not use our services.

2. Description of Services

OVGC Payments provides payment processing services that enable merchants to accept card payments and receive payouts via bank transfer or USDC (Solana network). Our services include checkout session management, transaction processing, settlement, and payout distribution.

3. Merchant Accounts

To use our services, you must register for a merchant account. You agree to provide accurate, current, and complete information during registration and to keep your account information updated. You are responsible for maintaining the confidentiality of your API keys and account credentials.

4. Fees and Payments

OVGC Payments charges platform fees on each transaction as agreed upon during merchant onboarding. Fees are deducted from transaction amounts before settlement. Customer fees, if applicable, are added to the transaction total. All fees are clearly displayed in your merchant dashboard.

5. Settlements and Payouts

Funds from successful transactions are held in a pending balance for the settlement period (as configured for your account). After settlement, funds move to your available balance. Payouts are processed according to your configured payout schedule. OVGC Payments reserves the right to hold reserves as specified in your merchant agreement.

6. Prohibited Activities

You may not use OVGC Payments for illegal activities, fraud, money laundering, terrorist financing, or any activity that violates applicable laws and regulations. We reserve the right to suspend or terminate accounts engaged in prohibited activities.

7. Refunds and Disputes

Merchants are responsible for managing refunds to their customers. OVGC Payments will process approved refunds by deducting the refund amount from the merchant's available balance. In case of chargebacks or disputes, OVGC Payments will notify the merchant and may hold funds pending resolution.

8. Data Security

We implement industry-standard security measures to protect transaction data. All payment information is encrypted in transit and at rest. We are committed to maintaining PCI DSS compliance standards.

9. Limitation of Liability

OVGC Payments shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of our services. Our total liability shall not exceed the fees paid by you in the twelve months preceding the claim.

10. Termination

Either party may terminate this agreement with 30 days written notice. OVGC Payments may immediately suspend or terminate accounts that violate these terms. Upon termination, any remaining balance will be paid out according to the standard payout schedule, minus any applicable reserves.

11. Changes to Terms

We may update these terms from time to time. We will notify merchants of material changes via email or dashboard notification. Continued use of our services after changes constitutes acceptance of the updated terms.

12. Contact

For questions about these Terms of Service, contact us at legal@ovgcpayments.com.