Terms of use

Parties and subject

These terms are between CoinsPay and the dashboard user (the “merchant”). CoinsPay provides software for accepting cryptocurrency payments and paying them out automatically to the merchant’s addresses.

Account

The merchant is responsible for keeping dashboard access and API keys safe, for accurate shop details and for the payout addresses in their rules. Actions taken with their access count as the merchant’s actions.

Payments and payouts

A payment counts as credited after its network’s confirmation threshold. Payouts go to the merchant’s rule addresses minus the CoinsPay fee and the network fee. Blockchain transfers are irreversible: CoinsPay cannot cancel a sent payout or return a payment sent to a wrong address.

Fee

The fee rate depends on the merchant’s monthly turnover across their shops and on the shop’s business type. The current rate is shown in the dashboard, in the shop settings.

For 10 days after the first credited payment, payouts up to $500 in total carry no fee.

The rate may be changed by agreement. Changes apply to payouts calculated after the change.

Restrictions

CoinsPay may not be used for activity prohibited by law. CoinsPay may block a shop that breaches these terms.