Faveremit – Your Trusted Financial Outlet for Fast & Secure Transactions!

1. Introduction

Welcome to Faveremit! These Legal Service terms outline the rules and regulations governing your use of our platform, which offers services including but not limited to virtual card generation, trading of gift cards, utility payments, electricity and internet payments, funding of betting platforms, and other related financial services. By accessing or using our services, you agree to comply with these terms, Nigerian law, and applicable international regulations.

2. Definitions

"Platform": Refers to Faveremit’s website, mobile app, and related services.
"User": Any individual or entity accessing or using the services provided by Faveremit.
"Virtual Card": A digital payment card provided to users for online transactions.
"Gift Card Trading": The process of buying or selling gift cards through our platform.

3. Eligibility

Be at least 18 years old or the age of majority in your jurisdiction.
Provide accurate and verifiable identification documents during registration.
Agree to abide by Nigerian laws, including anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.

4. Registration and Account Security

Users must:

Complete the registration process with accurate information.
Use a strong password and keep it confidential.
Notify Faveremit immediately in case of unauthorized account access or breaches.

Faveremit reserves the right to suspend or terminate accounts that violate our policies or engage in fraudulent activities.

5. Services

5.1 Virtual Card Generation
- Virtual cards are provided for secure online transactions.
- Users must comply with the terms of use for each virtual card issued.
- Unauthorized use of virtual cards is strictly prohibited.
5.2 Gift Card Trading
- Faveremit facilitates the buying and selling of gift cards at competitive rates.
- Users must provide accurate information about the gift cards they intend to trade.
- Faveremit reserves the right to refuse or cancel transactions deemed suspicious.
5.3 Utility Payments
- Users can pay bills for electricity, internet, and other utilities through our platform.
- Faveremit does not guarantee uninterrupted service delivery by utility providers.
5.4 Betting Platform Funding
- Users may fund their accounts on approved betting platforms.
- Transactions must comply with Nigerian gambling laws.

6. Fees and Payments

Faveremit charges fees for certain services, which are transparently displayed during transactions.
All payments must be made in Nigerian Naira (NGN) unless otherwise specified.
Users are responsible for any third-party charges or bank fees.

7. Prohibited Activities

Users must not:

Engage in fraudulent, illegal, or unauthorized transactions.
Use the platform for money laundering or terrorist financing.
Interfere with the platform’s functionality through hacking or other malicious activities.

8. Data Privacy

Faveremit is committed to protecting your personal data in compliance with the Nigeria Data Protection Regulation (NDPR). By using our services, you consent to the collection, processing, and storage of your information as outlined in our Privacy Policy.

9. Intellectual Property

All content, trademarks, and technology on the Faveremit platform are the property of Faveremit or its licensors. Unauthorized use, reproduction, or distribution of our intellectual property is prohibited.

10. Liability and Disclaimer

Faveremit provides its services on an "as is" and "as available" basis.
We are not liable for losses resulting from:
- Errors or delays in transactions caused by third parties.
- Unauthorized account access due to user negligence.
- Regulatory changes affecting our operations.

11. Dispute Resolution

Disputes arising from the use of Faveremit’s services shall be resolved as follows:

Negotiation: Initial resolution through mutual discussion.
Mediation: : If unresolved, the matter will be referred to a mediator in Nigeria.
Arbitration: Unresolved disputes will be settled by arbitration under the Arbitration and Conciliation Act of Nigeria.

12. Governing Law

These terms are governed by the laws of the Federal Republic of Nigeria. Users agree to submit to the exclusive jurisdiction of Nigerian courts for any legal disputes.

13. Amendments

Amendments Faveremit reserves the right to amend these terms at any time. Users will be notified of changes through the platform. Continued use of our services constitutes acceptance of the revised terms.