Terms and Conditions

• INTRODUCTION

These Terms and Conditions (Agreement) govern the services provided by Pay First Ltd (Agent), in relation to the handling and management of electronic money distribution (E-Money). By using the services of the Agent, the Client agrees to be bound by the terms and conditions outlined herein.

• DEFINITIONS
• Agent refers to Pay First Ltd, acting as an intermediary for the collection, holding, and disbursement of electronic money
• Client refers to any party engaging the services of the Agent for handling E-Money transactions.
• E-Money refers to electronically stored monetary value issued and distributed as part of financial transactions.
• Beneficiary refers to the party entitled to receive the E-Money as per the terms of the transaction.
• SCOPE OF SERVICES
• The Agent shall facilitate the collection, holding, and transfer of E-Money in accordance with regulatory and contractual obligations.
• The Agent shall process E-Money transactions as instructed by the Client, subject to applicable laws and regulations.
• The Agent does not provide legal, financial, or investment advice regarding E-Money transactions.
• DEPOSIT AND RELEASE OF FUNDS
• The Client shall deposit the E-Money in the designated account as instructed by the Agent.
• The Agent shall only release the E-Money upon receiving written authorization from all relevant parties, court order, or in compliance with applicable laws.
• Any dispute concerning the release of E-Money shall be resolved between the parties involved, and the Agent shall not be liable for any delays due to disputes.
• FEES AND CHARGES
• The Client agrees to pay the Agent the applicable service fee for handling the E-Money.
• The Agent reserves the right to deduct applicable fees from the E-Money prior to disbursement.
• Additional charges may apply for expedited processing or special requests.
• LIABILITY & INDEMNIFICATION
• The Agent shall not be liable for any loss, damage, or delay arising from force majeure events, banking failures, or regulatory changes.
• The Client agrees to indemnify and hold the Agent harmless against any claims, losses, or liabilities arising from the handling of E-Money, except in cases of willful misconduct or gross negligence by the Agent.
• COMPLIANCE & ANTI-MONEY LAUNDERING (AML) REQUIREMENTS
• The Agent shall comply with all applicable laws, including anti-money laundering regulations.
• The Client agrees to provide any necessary documentation to verify the legitimacy of funds as required by law.
• TERMINATION
• Either party may terminate this Agreement upon written notice.
• In the event of termination, the Agent shall ensure the proper handling of any pending E-Money transactions before ceasing services.
• GOVERNING LAW & DISPUTE RESOLUTION
• This Agreement shall be governed by the laws of the United Kingdom.
• Any disputes arising out of or relating to this Agreement shall be resolved through arbitration or in the courts of the United Kingdom.
• MISCELLANEOUS
• This Agreement constitutes the entire agreement between the parties and supersedes all prior understandings.
• No modification shall be valid unless made in writing and signed by both parties.
• If any provision of this Agreement is found to be unenforceable, the remaining provisions shall remain in full force and effect.

By using the services of Pay First Ltd, the Client acknowledges and agrees to these Terms and Conditions.