Legal Terms & Policies Definitions
“Account” means a virtual space provided for you by means of software and intended for the use of our services, the access to which is provided to you automatically upon your successful registration, verification, all required onboarding procedures under the law and our internal policies and procedures, as well as upon acceptance of these Legal Terms & Policies;
“Card” means any form of Credit Card or Debit Card, which may be used by a Cardholder to carry out a Transaction on a Cardholder’s account.
“Payer/End-User” means any person or entity who uses payop.com platform to pay for the goods and services of the Merchant and has accepted Payer (End-User) Terms and any applicable Legal Terms & Policies in its entirety, and has the right and authority to bind oneself to these Terms and not barred or otherwise legally prohibited from accessing or using Payop and who uses/used Payop as a payment method on Merchant’s website to purchase Merchant’s goods or services.
“Payop”, “we”, “our” – means Transferop Payment Gateway Ltd. registered at the address 2110-650 West Georgia Street, Vancouver, BC, V6B 4N9, Canada. Transferop Payment Gateway Ltd. is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Service Business (MSB) with registration number M22769088 as well as its agents, assignees and other affiliated parties.
“Legal Terms & Policies” means all the terms and policies on the Website including these Legal Terms & Policies Definitions, Website Terms of Use, Acceptable Use Policy, Payer/End-user Terms, Merchant Account Opening and Verification Policy, Acceptable Use Policy, Anti-Money Laundering and Counter-Terrorist Financing Statement, Privacy Policy, Cookie Policy, Complaints Handling Policy, Security Notice and other documents placed under Website section Legal Terms & Policies and which are fully accepted by any Merchant, Payer/End-user who visits payop.com website, or in any other way uses Payop’s Services.
“Merchant” means the legal entity, company or sole trader entering into a Merchant Agreement with Payop and for which Payop processes transactions related to the Services and Merchant Products.
“Merchant Agreement” means the agreement between Payop and the Merchant for the provision of the Services to Merchant, including the all the Schedules and other documents appended thereto by reference. “Merchant Product / Merchant Service” is a product/service which the Merchant is selling and for which Transactions are processed.
“Payment Method” is a method of enabling payments by End-users/Payers to Merchants such as Cards, online and offline bank transfers and direct debits offered by the Payment Scheme Owners.
“Payment Scheme” is a set of all the payment partners, banks, acquirers, payment methods and other payment processing systems and payment organizations which Payop utilizes for the provision of Services;
“Payop” (“We”/“Our”/“Us”) shall mean TRANSFEROP PAYMENT GATEWAY LTD, the company registered at 2110-650 WEST GEORGIA STREET, VANCOUVER BC V6B 4N9, CANADA, which owns and operates Payop Services, as well as its agents, servicers, and assignee of this Agreement;
“Payer” shall mean any person or entity who accepted these Terms in entirety, and has the right and authority to bind oneself to these Terms and not barred or otherwise legally prohibited from accessing or using Payop and who uses/used Payop as a payment method on Merchant’s website to purchase Merchant’s goods or services;
“Refund” is a (partial) reversal of a particular Transaction, whereby the funds are reimbursed to the end-user on the initiative or request of the Merchant.
“Service(s)” is the collective set of payment processing, payment routing, fraud control, reconciliation, reporting, settlement and/or other services as provided by Payop to the Merchant to enable the Merchant to use Payment Methods to process transactions, as well any other services offered by Payop to a Merchant under the Merchant Agreement.
“Website” means payop.com, including all associated subdomains and URL paths.