Last updated: 22 July 2023
These Terms of Service (these “Terms of Service”) together with the Privacy Policy are an integral part of and constitute the entire agreement under, the Subscription Agreement among you and IFC Markets F.Z.E., a Company duly organized and existing under the laws of Ajman Free Zone, the United Arab Emirates, with company license number 22994, whose registered address is at SM Office G1 236 C, Ajman Free Zone, United Arab Emirates. IFC Markets F.Z.E. operates a web-based service under the trade name “BucksBus”, enabling the receipt and acceptance by a merchant of payments in certain crypto currencies and such service is available on its proprietary website https://www.bucksbus.com/ and our other proprietary domains of a lower level (the “Services”).
Definitions and interpretations as used in the Subscription Agreement, shall apply herein. All the professional terms related to crypto currency business and practices, shall be used herein in the meanings generally accepted in the industry from time to time.
These Terms of Service govern your use of the Services. By using any of the Services or signing up to use an account through the Services or by accessing or using any of our associated websites, you agree that you have read, understood, and accept these Terms of Service. These Terms of Service are effective as of the earliest date and time at which you use any of the Services.
If you do not agree to be bound by the terms and conditions of these Terms of Service, you must not use or access the Services. Any use of or access to the Services means that you consent to and agree with these Terms of Service.
If you have questions about these Terms of Service or our Services, please also consult the FAQ section of the Service or contact us at [email protected].
CHANGES TO THESE TERMS OF SERVICE
You accept and understand that these Terms of Service may be modified or updated by us from time to time in our sole discretion. We will provide you with notice of such changes by posting the revised Terms of Service on the Service and/or providing a copy to you. The amended Terms of Service will be deemed effective immediately upon posting on the Service. Your continued use of the Services constitutes your agreement to be bound by the revised Terms of Service. If you do not agree with any such modification, you should discontinue access and use of the Services.
OUR SERVICES
Our Services will allow you to accept payments in crypto currency directly to your wallet. We do not endorse or recommend any crypto currency. You acknowledge and agree that the decision to use our Services is made solely by you and we bear no responsibility or liability for the outcome of your decisions.
Upon registration with us, a seed phrase will be generated, and a non-custodial crypto wallet will be created for you. You will have full control over your private keys and funds. You will be responsible for securing your funds since there is no third party holding the keys on your behalf. You can create an unlimited number of stores or organizations in your BucksBus account, with each having its own page and report.
You are the only owner of your seed-phrase, and in case of losing it the wallet will be impossible to restore.
Our Services are available only in connection with those crypto currencies that we support which may change from time to time. We assume no responsibility or liability in connection with any attempt to use your wallet for crypto currencies that we do not support.
INTERNET PROVIDER
We act as a service provider by creating, hosting, maintaining, and providing our Services to you via the Internet. We do not guarantee continuous, uninterrupted, or secure access to our Services and we make no representations or warranties regarding the amount of time needed which is dependent upon many factors outside of our control. Access to the Services may become degraded or unavailable during times of significant volatility or volume.
UNDERLYING PROTOCOLS
We do not own, control, operate or maintain the underlying software protocols which govern the operation of the crypto currencies supported by us. In general, the underlying protocols are open-source software, and anyone can use, copy, modify, and distribute them.
DUE CARE
You are solely responsible and liable for the activity that occurs in relation to your payments by protecting your password and restricting access to your account with due care. You are required to keep your password secure. We will not be responsible or liable for any damages, liability or losses caused by any unauthorized use of your account. You are solely responsible for your interactions with your customers. We shall have no responsibility or liability for your interactions with your customers, or for any other action or omission in that regard.
FEES
For using the Services, you will pay a subscription fee accrued for a period of one (1) calendar month as detailed below. Such fee shall entitle you to using our Services during such period, irrespective of the number of payments accepted by you.
Promptly upon registration, an internal billing account in USD will be opened for you which must be paid in a crypto currency supported by the Services from time to time, with an initial zero balance, and it can be used immediately for receiving the Services.
Upon expiry of the initial and each next calendar month from registration, we will calculate the amount due and payable for the Services received during that period, as quoted on our website from time to time, payable in one of the crypto currencies supported by the Services from time to time.
At the end of the calendar month, you will be billed for the fee due to us for the Services provided during that calendar month. This amount will show on your billing account as due and payable, and will also be notified to you.
As soon as the above fee is shown on the billing account, it will become payable in full within the first five (5) days from the beginning of the month immediately following the one for which payment is due. Where there is already an amount on the billing account covering the fee due, it will be written off by us. Otherwise, while the fee remains outstanding for the five (5) days allowed for due payment, your status will be shown as “critical”. During that time, you will be able to continue using the Services.
After topping up your billing account for the amount due or more, you will be able to continue using the Services for the current calendar month. Your status will return to “current”.
Upon failure to top up your billing account for the amount due or more within five (5) days allowed for due payment, you will be suspended from using the Services, and your status will change to “debt”. You will not be able to use the Services in the current calendar month until you have topped up your billing account for the amount due or more. You will be able to use your personal area only to log in, review your addresses, top up your billing account, transfer funds to other addresses.
If you have topped up your billing account in the current month but after the expiry of the five (5) days allowed for due payment, your access to the Services will resume, your status will return to “current”, and at the end of the current calendar month, you will be billed as above, for the previous calendar month and any transactions made during the initial five (5) days of the current month.
Upon failure to make payment, the Services will remain suspended, and your status will show as “debt”, until payment is made, but such suspension period may not exceed three (3) calendar months from the time when the outstanding sum was billed. Upon failure to pay, and consequently use the Services for three (3) consecutive calendar months, you will be blocked from using the Services and your personal area will be deleted. For renewing the Services, you will need to repeat the registration process and a new wallet will need to be created. You will be able to continue using your previous wallet outside our Services.
PRIVACY AND SECURITY
Privacy
We only request information that is necessary for the use of our Services or to comply with our obligations under applicable law.
You acknowledge and accept that we will comply willingly with all legal requests for information from us. We reserve the right to provide information to law enforcement agencies to answer inquiries, participate in investigations, respond to legal process, respond to the order of a court of competent jurisdiction and those exercising the court’s authority, and to protect us and our Subscribers.
Security
We take several security measures including storing all Subscribers’ personal information in an encrypted fashion. However, we are not responsible or liable for any damage or interruptions caused by any computer viruses, spyware, scareware, Trojan horses, worms, or other malware that may affect your computer or other equipment, or any phishing, spoofing or other attack from using the Services. Always log into your account through the official Services.
CLOSING, SUSPENSION, AND TERMINATION
You may close your account at any time in accordance with our procedures. Upon closure of your account, you authorize us to cancel or suspend any pending payments at the time of cancellation.
For any month for which no payment is made when due for our Services (subscription fee) our Service for you will be suspended with or without additional notice and will be resumed as soon as you resume your monthly payments. However, if you fail to use our Services for a period of successive ninety (90) days, the Services may only be renewed with a fresh registration on our website, and the signing of all documents constituting the entire agreement between us.
We may, at any time and in our sole discretion and without liability to you, with or without notice, suspend, restrict, or terminate your access to any or all the Services or to your account, as provided for in the Subscription Agreement.
FORCE MAJEURE
We shall not be liable for any breach of these Terms of Service, including delays, failure in performance or interruption of service, or any loss or damage arising directly or indirectly from any event or circumstances beyond our reasonable control, including but not limited to flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications or power failure, pandemic, or equipment or software malfunction, changes in the law or any other cause beyond our reasonable control (each, a "Force Majeure Event").
ELECTRONIC COMMUNICATIONS
You agree that these Terms of Service constitute “a writing signed by you” under any applicable law or regulation. These Terms of Service, any amendments, notices, or other communications regarding your account and/or your use of our Services (collectively, the “Communications”) may be provided to you electronically and you agree to receive all Communications from us in electronic form. Electronic Communications may be posted on the pages of the Services and/or delivered to your e-mail address. All Communications in either electronic or paper format will be considered to be in “writing,” and to have been received no later than two (2) business days after posting or dissemination, whether or not you have received or retrieved the Communication.