V
2.0
-
Last edited on
Jul 1, 2026
TERMS AND CONDITIONS
PBPAY SOFTWARE LICENSE AND SERVICE TERMS
These Terms and Conditions (“Terms”) govern the provision of access to and use of the PBPAY software solution (“Software”) provided by Geocurrency Sp. z o.o., a company incorporated under the laws of the Republic of Poland.
By proceeding with onboarding, verification, purchase, access, or use of the Software, the Client confirms acceptance of these Terms.
1. DEFINITIONS
For the purposes of these Terms:
"Client" means the legal entity or authorized business representative using the Software.
"Software" means the PBPAY software platform and related technical infrastructure provided by the Provider.
"Monitoring Tools" means any blockchain monitoring, analytics, sanctions screening, wallet risk assessment, reporting, or similar technical functionalities made available within the Software.
"Account" means the Client's registered account used to access the Software.
"API" means any application programming interface made available by the Provider for integration with the Software.
2. SERVICE PROVIDER
The Software is provided by:
Geocurrency Sp. z o.o.
registered under the laws of Poland,
with its registered office in Poland,
entered into the National Court Register (KRS).
Hereinafter referred to as the “Provider”.
3. NATURE OF THE SOFTWARE
3.1. PBPAY is exclusively an IT software solution and crypto-processing infrastructure tool intended for technical processing, routing, automation, and management of blockchain related operations.
3.2. PBPAY DOES NOT constitute:
a financial service,
a payment service,
a banking service,
an investment service,
a custody service,
an exchange service,
electronic money issuance,
brokerage activity,
fiduciary activity,
or any regulated financial activity under Polish law, EU law, or any other jurisdiction.
3.3. The Provider does not:
hold client funds,
accept deposits,
provide investment advice,
execute payment transactions on behalf of users,
guarantee crypto transactions,
provide escrow,
operate as a virtual asset service provider on behalf of the Client,
or act as a financial intermediary.
3.4. The Software is delivered solely as a technology and software license solution.
3.5. The Client remains fully and exclusively responsible for:
compliance with applicable laws,
tax obligations,
regulatory compliance obligations applicable to the Client,
licensing obligations,
reporting duties,
and lawful use of cryptocurrencies or digital assets.
3.6. The Software may include optional blockchain transaction monitoring, blockchain analytics, sanctions screening, wallet risk assessment, and reporting tools (the “Monitoring Tools”).
3.7. The Monitoring Tools are provided solely as technical software functionalities designed to assist Clients in reviewing blockchain-related information, transaction activity, wallet exposure indicators, sanctions-related data, and other publicly available or third-party sourced blockchain intelligence.
3.8. The Monitoring Tools may allow the Client to generate, export, download, and store reports, summaries, risk indicators, transaction monitoring records, and blockchain analytics results for the Client’s internal business, compliance, audit, security, or risk-management purposes.
3.9. The Monitoring Tools do not constitute legal, regulatory, compliance, financial, investigative, or professional advice and should not be relied upon as the sole basis for any decision.
3.10. The Provider does not warrant the accuracy, completeness, timeliness, or suitability of any data, risk score, sanctions-related information, blockchain analytics result, or report generated through the Monitoring Tools.
3.11. The Client remains solely responsible for assessing, interpreting, and using any information, reports, alerts, analytics, or monitoring results generated by the Software.
4. SERVICE AVAILABILITY AND TECHNICAL SUPPORT
The Provider shall use commercially reasonable efforts to maintain the availability of the Software. However, the Provider does not guarantee uninterrupted or error-free operation of the Software.
The Provider may temporarily suspend access to the Software for scheduled maintenance, security updates, infrastructure upgrades, or emergency technical work.
Technical support, where provided, shall be offered in accordance with the Provider's applicable support policies.
5. CLIENT ELIGIBILITY
5.1. The Software is available only to legal entities, entrepreneurs, or properly authorized business representatives.
5.2. The Client represents and warrants that:
all information provided during onboarding is accurate and complete,
the Client acts in compliance with applicable laws,
the Client is not subject to sanctions or restrictions,
and the Client will not use the Software for unlawful purposes.
5.3. The Provider reserves the right to reject, suspend, or terminate onboarding or access to the Software where the Customer, or any person acting on its behalf, is subject to applicable sanctions, appears on any official sanctions list, or where the Customer is involved in unlawful activities, sanctions violations, fraud, or conduct creating unacceptable business risk.
6. INDIVIDUAL PRICING
6.1. Pricing for access to the Software is determined individually for each Client.
6.2. The Client shall receive a separate individual commercial offer, quotation, fee schedule, or pricing agreement directly from the Provider.
6.3. No publicly displayed information shall constitute a binding commercial offer within the meaning of the Polish Civil Code.
6.4. Fees may depend on:
transaction volume,
infrastructure requirements,
integrations,
support scope,
technical customization,
or other commercial parameters.
7. LICENSE
7.1. Subject to payment and compliance with these Terms, the Provider grants the Client a limited, non-exclusive, non-transferable, revocable license to use the Software.
7.2. The Client shall not:
reverse engineer the Software,
resell the Software without authorization,
sublicense the Software,
modify core infrastructure,
or infringe intellectual property rights.
7.3. All intellectual property rights remain exclusively owned by the Provider.
8. CUSTOMER DUE DILIGENCE FOR SOFTWARE ACCESS
8.1. The Provider may verify the identity of prospective customers and conduct business risk assessments for contractual, security, fraud prevention, and legal compliance purposes.
8.2. The Client agrees to provide information and documentation reasonably requested for onboarding, security, fraud prevention, sanctions screening, contractual due diligence, and risk assessment purposes.
8.3. Failure to provide requested information may result in rejection or termination of access, where such information is required for risk assessment, legal compliance, security, or contractual purposes.
8.4. The Provider may disclose information where required by applicable law or by a lawful request from a competent authority.
8.5. Any verification, screening, onboarding review, sanctions check, fraud prevention measure, or risk assessment performed by the Provider is conducted solely for the Provider's own contractual, legal, security, and risk-management purposes and shall not be interpreted as the provision of AML, KYC, compliance, financial, regulatory, or virtual asset services to the Client.
9. ACCEPTABLE USE & WALLET RESPONSIBILITY
The Client shall use the Software only for lawful purposes and in compliance with all applicable laws and regulations.
The Client shall not use the Software for any unlawful activity, including but not limited to fraud, money laundering, terrorist financing, sanctions evasion, ransomware, or any other criminal activity.
10. DISCLAIMER OF FINANCIAL SERVICES
10.1. The Client expressly acknowledges and agrees that:
the Provider does not provide financial services,
the Software is solely a technical IT solution,
and any cryptocurrency activity undertaken by the Client is performed independently and at the Client’s own risk.
10.2. Nothing within the Software, website, communication, onboarding process, Monitoring Tools, reports, analytics, alerts, or commercial relationship shall be interpreted as:
financial advice,
investment recommendation,
legal advice,
regulatory advice,
AML consulting,
payment processing service,
regulated exchange activity,
or regulated custody activity.
10.3. The Provider makes no guarantees regarding:
profitability,
token value,
transaction success,
blockchain availability,
third-party wallet services,
or cryptocurrency market conditions.
11. BLOCKCHAIN RISKS & PROVIDER RESPONSIBILITYThe Client acknowledges that blockchain networks operate independently of the Provider and involve inherent technical and operational risks.
The Provider does not initiate, authorize, validate, execute, or control blockchain transactions on behalf of the Client and is not responsible for network congestion, blockchain forks, validator failures, transaction delays, incorrect wallet addresses, network fees, or any other blockchain-related events beyond the Provider's reasonable control.
The Client assumes full responsibility for verifying wallet addresses, transaction details, and the proper use of blockchain networks.
12. LIABILITY LIMITATION
12.1. To the maximum extent permitted by Polish law, the Provider shall not be liable for:
indirect damages,
loss of profits,
loss of digital assets,
blockchain failures,
third-party actions,
force majeure events,
cyberattacks,
or interruptions beyond reasonable control.
12.2. The total liability of the Provider shall in no event exceed the amount actually paid by the Client to the Provider during the three (3) months preceding the claim.
13. TERMINATION
13.1. The Provider may suspend or terminate access immediately in case of:
breach of these Terms,
suspected unlawful activity,
legal, compliance, sanctions, security, or reputational concerns,
misuse of the Software,
reputational risk,
or regulatory concerns.
13.2. Upon termination, the license granted to the Client immediately expires.
14. DATA PROTECTION
14.1. Personal data shall be processed in accordance with applicable Polish law and Regulation (EU) 2016/679 (GDPR).
14.2. Verification and onboarding data may be processed for security, fraud prevention, sanctions screening, legal, contractual, and risk-management purposes.
15. CONFIDENTIALITY & CLIENT DATA OWNERSHIP
Each Party shall keep confidential all non-public information received from the other Party and shall not disclose such information except where required by law.
The Client retains all rights, title, and interest in its own data uploaded to or generated through the Software. The Provider shall process such data solely for the purpose of providing, maintaining, securing, and improving the Software, subject to applicable law and the Provider's privacy obligations.
16. GOVERNING LAW
16.1. These Terms shall be governed by and interpreted in accordance with the laws of the Republic of Poland.
16.2. Any disputes arising from these Terms shall be submitted to the competent courts of Poland.
17. FINAL PROVISIONS
17.1. The Provider may amend these Terms from time to time.
17.2. If any provision is deemed invalid, the remaining provisions shall remain in force.
17.3. These Terms constitute the entire agreement between the Parties concerning access to the Software.
17.4. Acceptance of these Terms constitutes confirmation that the Client understands that PBPAY is an IT software product only and NOT a financial or payment service.
Last updated: June 2026