Terms of use

1. What this is

Pact Pay is a prototype built for a hackathon. It is not a bank, a licensed payment service or a money transmitter, and it does not hold funds for anyone.

Use it to evaluate the product. Do not use it to sell real goods or to pay for anything real.

2. No real money

Balances, payments, refunds and fees use test USDT on a test network, or records in a simulated sandbox. Test tokens have no value and cannot be exchanged for money.

In the demo, the card, bank transfer and own-wallet options are simulations labelled “Demo”. No card is charged, no bank is contacted and no transfer is watched for. Use the test card numbers shown on the form and never enter a real card.

3. Who you are dealing with

The businesses, customers and investors in the demo are sample personas. When a business connects its own test account, that business is responsible for what it offers and for its refund policy.

4. Subscriptions and limits

A subscription asks you to sign a cap: the most the business may charge each period and for how many periods. The test-network contract refuses any charge above the cap, before it is due or after you cancel.

You can cancel from your account at any time. Cancelling stops future charges.

5. Refunds

Refunds are decided by the business within its refund window. Each refund is recorded and shown on your receipt.

6. Availability and resets

The demo can change, reset or go offline at any time. Each visitor’s sandbox is deleted after 12 hours without activity, and every new release starts everyone from the sample data again.

7. No warranty

The demo is provided as is, without any warranty. To the extent the law allows, the team that built it is not liable for any loss from using it.

8. Changes

We may update these terms. The date at the top shows the current version.