These General Terms apply to all services that Sprintcheckout provides. The Terms & Conditions must be read. These Terms govern the contractual relationship between the user of the Sprintcheckout Products and Sprintcheckout. The Terms are legally binding. Please read them carefully before using any of Sprintcheckout services. This document comes into force upon its publication. Words in the singular include the plural, and vice versa.
Introduction
Sprintcheckout is a technology services provider that offers various payment processing solutions to help businesses streamline their cryptocurrency payments. The following terms and conditions of service, together with any other documents expressly incorporated herein, (collectively, the “Terms”) constitute a legal agreement between you, the entity or sole proprietor on whose behalf a Sprintcheckout account is created, (“you”, “your”, “User”, “Merchant”, “Client”, or “Customer”) and Sprintcheckout (“Sprintcheckout”, “we”, “our”, “us”, or “Company”), to receive certain payment processing, data, technology and analytics, or other business services offered by Sprintcheckout.
“Client” or “Clients” are both corporate bodies (legal entities, foundations, associations, etc.) and individuals who are using and/or intending to use the services provided by Sprintcheckout.
“Services” are understood to be services provided through the Sprintcheckout Products operated by Sprintcheckout or any other service provided by Sprintcheckout.
“Cryptocurrency” means a type of digital currency based on blockchain technology.
“Blockchain” refers to the distributed ledger technology that records transactions across multiple computers.
“Rollup” refers to Layer 2 scaling solutions built on top of Ethereum or other base layer blockchains.
“Digital Assets”, for the purposes of these Terms shall include, but shall not be limited to, generally accepted crypto-currencies (e.g. Bitcoin, Ether, etc.) and other forms of tokenized assets (e.g. protocol, utility and payment tokens, etc.) and all associated contracts and options for present or future delivery of tokenized assets.
“Sprintcheckout Account” means the Clients’ user account maintained on the Sprintcheckout Products displaying Client’s information.
These Terms describe the conditions which Clients accept and abide throughout their relationship with Sprintcheckout. It is the Client’s responsibility to read and understand these Terms and its amendments.
The Client understands and acknowledges that Sprintcheckout may change the provisions set forth herein at any time without any prior notice requirement and that the Terms are not, under any circumstance, negotiable. Changes will be published online on Sprintcheckout’s websites.
By using or accessing the Sprintcheckout services or by clicking a corresponding box, icon, or button, you agree to these Terms of Service. If you are using the services on behalf of an organization, you are agreeing to these Terms of Service on behalf of that organization, and you represent and warrant that you have the authority to do so. In such cases, references to “you” or “your” in these Terms of Service also apply to that organization.
Sprintcheckout may update these Terms of Service at its sole discretion from time to time. All changes take effect immediately once Sprintcheckout posts them on its site or another public domain. Your continued use of Sprintcheckout services after the updated Terms of Service are posted constitutes your acceptance of and agreement to the changes.
It is your responsibility to check this page periodically for updates to these Terms of Service to ensure you are aware of any changes, as they are binding on you. If you do not agree to the current Terms of Service or any future updates, you must stop using and accessing Sprintcheckout services immediately, as failing to do so may result in the loss of access to these services.
Provision of services
Registration
Registering a Sprintcheckout Account allows clients to easily manage cryptocurrency payments for their applications and use cases. Account registration is free and frictionless on our dashboard.
Account
In order to engage in services on the Sprintcheckout Products, the Client must create a Sprintcheckout Account and provide all requested information to Sprintcheckout. When a Sprintcheckout Account is created, the Client agrees and warrants to:
- provide accurate and truthful information;
- maintain and promptly update the Sprintcheckout Account information;
- promptly notify Sprintcheckout if the Client discovers or otherwise suspects any security breaches related to the Sprintcheckout Account; and
- take responsibility for all activities that occur under the Sprintcheckout Account and accept all risks of any authorized or unauthorized access to the Sprintcheckout Account, to the maximum extent permitted by law.
Account security incidents
If the Client suspects that their Sprintcheckout Account or any of the security details have been compromised or the Client becomes aware of any fraud or attempted fraud or any other security incident affecting the Sprintcheckout Account and/or Sprintcheckout (together a “Security Breach”), the Client must notify Sprintcheckout as soon as possible and continue to provide accurate and up to date information throughout the duration of the Security Breach. The Client must take all steps that are reasonably required to reduce, manage or report any Security Breach. Failure to provide prompt notification of any Security Breach may lead to the loss of Digital Assets.
Authorization
The Client shall be obliged to keep their account credentials secret at all times, to keep them out of reach of third parties and to protect them from misuse. The Client shall bear sole responsibility for any consequences of the loss or misuse of their credentials. Sprintcheckout shall not be liable for any damage resulting from the loss or misuse of the Client’s account credentials. Except for gross negligence on the part of Sprintcheckout, any loss or damage arising from invalidity or undiscovered fraud shall be borne by the Client.
Documentation
Sprintcheckout may request additional information and/or documentation when deemed necessary to clarify any doubts relating to the Client’s identity, the purpose of the relationship and/or related to any other topic, particularly when reaching certain transaction thresholds. Sprintcheckout conducts Know Your Business (KYB) procedures for merchants who reach established thresholds and performs source of funds checks to prevent transactions from blacklisted addresses.
Acceptance
Sprintcheckout shall unilaterally accept or reject potential Clients without giving reasons in accordance with its own internal rules, as well as international Anti-Money Laundering and Countering of Terrorism Financing regulations and guidelines.
Termination
This Agreement is effective until terminated.
Sprintcheckout has the right to terminate this Agreement with immediate effect as set forth herein for a breach of this Agreement by clients or if Sprintcheckout reasonably suspects that clients have failed to abide by any of the terms and conditions of this Agreement. Sprintcheckout may take any action Sprintcheckout deems reasonable in its sole discretion against clients who do not comply with the terms of this Agreement which may include banning clients. Sprintcheckout reserves the right to determine what conduct to consider to be in violation of, or otherwise outside the intent or spirit of, this Agreement.
Sprintcheckout reserves the right to block the Client’s access to services at any time, without explanation and without notice, to the extent it deems such blockage appropriate. The Client may at any time request Sprintcheckout to terminate its Sprintcheckout account with immediate effect.
Fiscal responsibility
The Client is aware and accepts that Sprintcheckout does not provide any tax or legal advice of any kind. The Client confirms that they are in compliance with the tax regulations of the country or countries in which they assume fiscal responsibility. Sprintcheckout shall not verify the fiscal integrity of the Client and accepts no responsibility in this regard. The Client is aware that it is their responsibility to ensure that the fiscal implications of their activities with Sprintcheckout are controlled. The Client will, if need be, request advice from legal or tax experts.
Sprintcheckout products
Sprintcheckout provides payment processing services via WooCommerce plugin, direct API integration, and invoice links. These services facilitate cryptocurrency payments on Ethereum, Avalanche, Binance Chain (Layer 1), and all supported rollups including Base, Optimism, Arbitrum, and others.
Sprintcheckout grants its Clients the access to and right to use the Sprintcheckout Products. Certain services are subject to fees according to the fee schedule.
The access and right of use are non-exclusive and non-transferable. The Client shall not be entitled in any event to copy, modify, reproduce the software provided by Sprintcheckout nor to distribute it in any other way, except when explicitly allowed by Sprintcheckout.
Information disclosed on Sprintcheckout Products
Sprintcheckout strives to maintain the accuracy of information published on its Platform and its Products. However, it cannot guarantee the accuracy, suitability, reliability, completeness, performance or fitness for purpose of the content on the platform and will not accept any liability for any loss or damage that may arise directly or indirectly from the content. Information on the platform can be subjected to change without notice and is provided for the primary purpose of facilitating Clients to arrive at independent decisions.
Failed or delayed execution of payments
Sprintcheckout is not liable in the event of a failed or delayed execution of a payment due to the technical nature of blockchains.
Delayed execution is subject to blockchain network congestion during the time of the payment execution. Payment execution speed is also controlled by the selected amount of fees paid to the network to include the transaction into the respective blockchain which ultimately lies in the control of the payer.
Failed payment transactions are naturally reverted on all blockchain networks and can happen for various reasons. Sprintcheckout is not liable for the lost fees paid to the blockchain network to include the payment transaction into the blockchain.
Blockchain hard forks and reorgs
A hard fork (or hardfork), is a radical change to a network’s protocol that makes previously invalid blocks and transactions valid, or vice-versa. A hard fork requires all nodes or users to upgrade to the latest version of the protocol software.
A chain reorganization, or “reorg,” occurs when a blockchain produces blocks at the same time, e.g. if there is a bug, or due to a malicious attack. This results in a temporary duplicate blockchain. The longer a reorg lasts, the more damage is done to the network. Reorgs result in one or multiple blocks being removed from the blockchain since a longer chain has been created.
Sprintcheckout is not liable in the event of a blockchain network hard fork nor a network reorg.
Exclusion of liability
Sprintcheckout shall not be held liable by the Client for proven damage resulting from any action or omission, except in the event of malicious intent or gross negligence. In the event of an error made by a service provider, Sprintcheckout shall only be responsible if it neglected its obligations of due diligence when selecting and instructing the service provider.
Fees
Fees and compensation
Sprintcheckout charges a 0.5% transaction fee for its services, which is negotiable. The Client acknowledges and accepts that Sprintcheckout may be required to pay to third parties, especially blockchain network fees, compensation, remuneration and other benefits for the provision of services. Sprintcheckout reserves the right to modify its rates and commission at any time, particularly in the event of changes in market conditions. It shall inform the Client thereof by means of circular, publication on its website, e-mail, notification in the Client’s account, or by any other means deemed appropriate. These changes are considered to have been approved unless challenged in writing within one month.
Confidentiality
Confidentiality and data protection
Sprintcheckout is committed to adhering to confidentiality and secrecy regulations. All information is private to the user and Sprintcheckout does not share with third parties. The provided confidentiality remains valid, even after these relationships have ceased.
Security
Security is guaranteed with internal audits. The Client shall assume responsibility for technical access to Sprintcheckout’s services. The Client shall be responsible for acquiring, installing and configuring hardware and software appropriate to establish a connection to the Sprintcheckout Products, as well as contracting Internet service provider. Consequently, Sprintcheckout shall not assume any responsibility for the Internet service provider or for any software and hardware failure. Save where guilty or gross negligence or willful intent, Sprintcheckout shall not be liable for any damage resulting from the Client’s failure to perform his contractual obligations due to lack of Internet access and/or any hardware or software deficiency towards Sprintcheckout or in connection with trading and exchanging operations.
Client support
Any complaint by the Client concerning the execution or non-execution of any payment, and any objections concerning a Sprintcheckout Account statement or any other notifications from Sprintcheckout must be made immediately. The execution or non-execution or, as applicable, the statement or notification concerned shall be deemed to have been approved if no complaint was raised. Where the Client has received no notification, he must make the complaint as if such notification had been duly received. The Client shall bear the consequences of any delay in making the complaint.
Amendment of these Terms
Sprintcheckout shall be entitled to amend the provisions of this Agreement and the services offered unilaterally at any time. Such amendment shall be notified to the Client in an appropriate manner and shall be deemed accepted unless the Client submits a written objection within one month of the date on which the amendment was notified. Should any provision of the present Conditions and Regulations be or become invalid or partially ineffective, the other provisions shall not be affected, and the Parties shall use their best efforts to reach agreement or have the invalid provision replaced by a valid arrangement coming as close as possible to the purpose of the invalid provision and to the intention of the parties affected by this provision.
Legal Compliance
Crypto to crypto transactions currently supported are compliant on all jurisdictions worldwide. The Client is responsible for ensuring that their use of Sprintcheckout services complies with all applicable laws and regulations in their jurisdiction.
The Client accepts the Terms and all legal information published on Sprintcheckout’s websites.
Access to and use of the Sprintcheckout Account and the Sprintcheckout Products services shall be subject to client’s compliance with all provisions set forth in the Terms.
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