Terms and Conditions for Faveremit

Welcome to Faveremit! These Terms and Conditions ("Terms") govern your use of the Faveremit website, mobile application, and all related services (collectively, the "Services"). By accessing or using our Services, you agree to be bound by these Terms. If you do not agree, please do not use our Services.

1. Introduction

Faveremit is a financial technology platform that provides services including but not limited to virtual card generation, trading of gift cards (buying and selling), utility payments (electricity, internet, etc.), funding of betting platforms, and other financial services. These Terms comply with the laws of the Federal Republic of Nigeria.

2. Eligibility

To use Faveremit, you must:

• Be at least 18 years old.
• Possess the legal capacity to enter into a binding agreement.
• Provide accurate and up-to-date personal information during registration

3. Registration and Account Management

• Account Creation: You are required to create an account to access our Services. You must provide accurate, complete, and current information during the registration process.
• Security: You are responsible for maintaining the confidentiality of your account credentials. Notify us immediately if you suspect unauthorized access to your account.
• Verification: We may require identity verification documents such as a government-issued ID, utility bills, or other credentials as part of our Know Your Customer (KYC) process.

4.Services Provided

• Virtual Card Generation: Faveremit provides virtual cards for online transactions. By using this service, you agree to comply with the applicable terms and conditions of card usage.
• Gift Card Trading Faveremit facilitates the buying and selling of gift cards. You must ensure the validity and authenticity of the gift cards traded on our platform.
• Utility Payments: The platform supports payments for utilities such as electricity, internet, and more. Ensure sufficient account balance before initiating transactions.
• Betting Platform Funding: Users can fund their betting accounts through Faveremit. By doing so, you acknowledge compliance with the laws governing gambling in Nigeria.
• Other Services Faveremit may introduce new services from time to time. These will be subject to these Terms and any additional terms provided.

5. Fees and Charges

• Faveremit reserves the right to charge fees for its services. These fees will be disclosed before the completion of any transaction.
• All fees are non-refundable except as required by law or explicitly stated.

6. User Responsibilities

• Use the Services for lawful purposes only.
• Ensure that all information provided is accurate and up to date.
• Do not engage in fraudulent activities, including but not limited to selling invalid or unauthorized gift cards.
• Comply with all applicable Nigerian laws and regulations.

7. Prohibited Activities

You agree not to:

• Use the Services for any illegal or unauthorized purposes.
• Circumvent or attempt to bypass our security measures.
• Submit false or misleading information.
• Engage in money laundering or other fraudulent activities.

8. Privacy Policy

Your use of Faveremit is also governed by our Privacy Policy, which explains how we collect, use, and protect your personal information. By using our Services, you consent to the terms of the Privacy Policy.

9. Intellectual Property

All content, trademarks, and other intellectual property on the Faveremit platform are the exclusive property of Faveremit or its licensors. You may not use our intellectual property without prior written consent.

10. Dispute Resolution

• Contact Us: If you have any complaints, contact our support team for resolution.
• Governing Law: These Terms are governed by the laws of the Federal Republic of Nigeria.

11. Limitation of Liability

To the fullest extent permitted by law, Faveremit is not liable for any indirect, incidental, or consequential damages arising from your use of the Services.

12. Termination

Faveremit reserves the right to suspend or terminate your access to the Services at any time, with or without cause, and without prior notice.

13. Amendments

We may update these Terms periodically. Any changes will be communicated through our website or app. Your continued use of the Services after the changes take effect constitutes your acceptance of the revised Terms.

14. Contact Information

For questions or concerns about these Terms, contact us using our contact us page. Thank you for choosing Faveremit. We are committed to providing reliable and secure financial services.