Terms of Service

These Terms and Conditions include important information the use of our services and we encourage you to read it carefully.
Last updated: August 11th, 2023

Introduction

These Terms of Service (“Terms”) are a contract between you and Radom Pay Limited (“the Company”). They govern your use of the Radom dashboard (the “application”) and any associated or connected, and other services, features, content, or applications we offer through the application (collectively, the “Services”), which facilitates interaction with certain decentralised cryptographic protocols to allow acceptance of payments on the decentralised blockchains on which the payment transactions are recorded (“Blockchain”).

IMPORTANT NOTICE REGARDING ARBITRATION: WHEN YOU AGREE TO THESE TERMS YOU ARE AGREEING (WITH LIMITED EXCEPTION) TO RESOLVE ANY DISPUTE BETWEEN YOU AND RADOM PAY LIMITED. THROUGH BINDING, INDIVIDUAL ARBITRATION RATHER THAN IN COURT. PLEASE REVIEW CAREFULLY SECTION “DISPUTE RESOLUTION” BELOW FOR DETAILS REGARDING ARBITRATION. HOWEVER, IF YOU ARE A RESIDENT OF A JURISDICTION WHERE APPLICABLE LAW PROHIBITS ARBITRATION OF DISPUTES, THE AGREEMENT TO ARBITRATE WILL NOT APPLY TO YOU BUT THE PROVISIONS OF SECTION ‘CHOICE OF LAW AND JURISDICTION’ WILL APPLY INSTEAD.

By using Radom, you agree to these Terms. If you don’t agree to any of the Terms, you can’t use Radom.  Except for the Section entitled Dispute Resolution, providing for binding arbitration and waiver of class action rights, Radom reserves the right, at its sole discretion, to modify or replace the Terms of Service at any time. The most current version of these Terms will be shared on our Site. You shall be responsible for reviewing and becoming familiar with any such modifications. If a revision to the Terms, in our sole discretion, is material, we will notify you of that revision by contacting you through the email address associated with your account. Use of the Services by you after any modification to the Terms constitutes your acceptance of the Terms of Services as modified.

Risks

Before using Radom’s services, creating a wallet, or receiving digital assets, you must consider whether using those Services is suitable for you considering your financial circumstances. The value of digital assets like cryptocurrency fluctuates and may become worthless. Cryptocurrency is not legal tender. A digital asset’s past value or performance is not an indicator of its future value or performance. You agree that Radom is not responsible for any loss of a digital asset, or any losses arising from theft, loss, or mishandling of any digital asset, including but not limited to Ethereum, outside of Radom’s sole control. There is no assurance that a person that accepts cryptocurrency as payment today will continue to do so in the future.  Additionally, cryptocurrencies are not protected by the Financial Services Compensation Scheme (FSCS), the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC) or any other public or private insurer, including against cyber theft or theft by any other means. The nature of cryptocurrency may lead to an increased risk of fraud or cyber-attack and your cryptocurrency value may be irretrievably lost or stolen. Transfers or transactions in cryptocurrency are irrevocable and irreversible. Cryptocurrency assets are not regulated in many jurisdictions.

Radom is not an investment service and does not provide investment advice. No information on the site, including but not limited to information provided by Radom, should be considered a substitute for professional investment advice. You agree that you may not use the contents of Radom’s site or services to make investment decisions.

Radom is not a digital asset market and does not make any representations or warranties as to the value (real or perceived) of digital assets of any type, including but not limited to Ethereum. Radom may provide information regarding the price of digital assets. It does not make any representations or warranties regarding the truth, usefulness, suitability, quality, accuracy, or completeness of that data. You should not rely on such pricing data provided by Radom for any reason. You must independently verify any such information from a reputable source before relying on pricing information. Digital asset values are often volatile and may change instantaneously. Radom is not responsible or liable for any losses incurred by using or transferring digital assets in connection with or based on the information you have received through our Services.

About the Services

Our Services facilitate interactions with Blockchains to allow businesses and individuals to accept payments - one-time payments or recurring payments by the second, minute, hour, month, etc. in USDC, USDT, DAI, GUSD, ETH tokens and other Digital Assets, either using Radom checkout pages or by embedding Radom payments into their website or application.  You may use our Services by logging into https://dashboard.radom.network/ to access the Radom dashboard to set up payments & integrations, which allows you to accept payments using USDC (and other Digital Assets).

By using the Radom platform, you hereby grant Radom the right and licence to use your company's logo for marketing and promotional purposes. Such use may include, but is not limited to, display on the Radom website, in marketing materials, and in advertising campaigns. 

Radom is a hosting service, not a content distributor. This means that we do not own or create any of the content that is published on our platform. All content is the sole responsibility of the person and/or entity who published it. This includes ensuring that they have the rights and permissions to publish the content and that it does not infringe on any third-party rights. We are not responsible for any errors or omissions in the content published on our platform.

Prohibited Content: the following content is prohibited on our image hosting service:

  • Illegal content, including but not limited to copyrighted material, child pornography, and content promoting illegal activities.
  • Spam, phishing, and other forms of malicious content.
  • False or misleading information.
  • Any other content that is deemed inappropriate or in violation of our terms of service.

Purchase Terms

Although the payment is facilitated by our Services, all Purchase Terms are determined by the End Customer and the Business User. The Company is not a party to any Purchase Terms, which are solely between the End Customer and the Business User and is not responsible for ensuring the compliance with such terms or mediating or resolving any disputes with respect to such Purchase Terms, including but not limited to any disputes arising out of or related to any intellectual property rights associated with digital content. The End Customer and Business User are entirely responsible for communicating, promulgating, agreeing to, and enforcing Purchase Terms, and for resolving any disputes arising from any breach of any Purchase Terms. Business Users must comply with and fulfil the Purchase Terms concerning any digital content, goods, or services that it sells.

Costs and Fees

Transactions on Radom may be subject to fees that the Company collects to support the Services. Fees will be listed on the pricing page of our website:

“Revenue” means the gross amount received by Business Users when using our Services to accept payments. You further agree to pay all other applicable fees, including Subscription fees (in case you subscribe to additional features), and you authorise the Company to automatically charge you for any such fees or deduct such fees (including Transaction Fees) directly from your amounts accepted as payment. The payments made to Business Users do not include any taxes, and the Company shall have no responsibility for payment of such taxes regardless of the taxing authority. Each party shall be responsible for all taxes imposed on its income or property. In addition, interactions with the Blockchain may also result in transaction fees or Gas Fees (as defined below) imposed by the Blockchain, which may also be your sole responsibility. “Gas fees” mean the fees that fund the network of computers that run the decentralised blockchain network.

If you use our Services to accept payments, you will receive Revenue less the Transaction Fee for each transaction that goes through our Services. “Transaction Fee” means the percentage of the Revenue generated from acceptance of payments using our Services. The Transaction Fee may be, but is not required to be, the sales percentage for each transaction and may be changed from time to time.

Our Content and Services

We reserve all rights in the Service. Some parts of Radom are licensed under third-party open-source licences. As for other parts of Radom, you may not copy or adapt any portion of our code or visual design elements (including logos) without express written permission from Radom unless otherwise permitted by law. You may not do, or try to do, the following: (1) access or tamper with non-public areas of the Services, our computer systems, or the systems of our technical providers; (2) access or search the Services by any means other than the currently available, published interfaces (e.g., APIs) that we provide; (3) forge any TCP/IP packet header or any part of the header information in any email or sharing, or in any way use the Services to send altered, deceptive, or false source-identifying information; or (4) interfere with or disrupt, the access of any user, host, or network, including sending a virus, overloading, flooding, spamming, mail-bombing the Services, or by scripting the creation of content or accounts in such a manner as to interfere with or create an undue burden on the Services.

Informal Resolution of Disputes

You and Radom Pay Limited must first attempt to resolve any dispute, claim or controversy arising out of or relating to these Terms or the breach, termination enforcement, interpretation, or validity thereof or the use of the Services (collectively, “Disputes”) informally. Accordingly, neither you nor Radom Pay Limited may start a formal arbitration proceeding for at least sixty (60) days after one party notifies the other party of a claim in writing. As part of this informal resolution process, you must deliver your written notices via hand or first-class mail to us at Radom Pay Limited, 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

Mandatory Arbitration of Disputes

We each agree that any Dispute will be resolved solely by binding, individual arbitration and not in a class, representative or consolidated action or proceeding. You and Radom Pay Limited agree that The UK Arbitration Act (1996) governs the interpretation and enforcement of these Terms, and that you and Radom Pay Limited are each waiving the right to a trial by jury or to participate in a class action. This arbitration provision shall survive termination of these Terms.

Exceptions

As limited exceptions to the above: (i) we both may seek to resolve a Dispute in small claims court if it qualifies; and (ii) we each retain the right to seek injunctive or other equitable relief from a court to prevent (or enjoin) the infringement or misappropriation of our intellectual property rights.

Conducting Arbitration and Arbitration Rules

The arbitration will be conducted by the London Court of International Arbitration (“LCIA”) under its Arbitration Rules (the “LCIA Arbitration Rules”) then in effect, except as modified by these Terms. The LCIA Arbitration Rules are available at www.lcia.org. A party who wishes to start arbitration must submit a written Demand for Arbitration to LCIA and give notice to the other party as specified in the LCIA Rules.

Class Action Waiver

YOU AND RADOM PAY LIMITED AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.

Further, if the parties’ Dispute is resolved through arbitration, the arbitrator may not consolidate another person’s claims with your claims and may not otherwise preside over any form of a representative or class proceeding. If this specific provision is found to be unenforceable, then the entirety of this Dispute Resolution section shall be null and void.

Eligibility

You may use the Services only if you are 18 years or older and capable of forming a binding contract with Radom Pay Limited, and not otherwise barred from using the Services under applicable law. By using the Services, you affirm that you are over 18.

Incorporated Rules and Policies

By using the Services, you agree to let Radom collect and use information as detailed in our privacy policy located here. By using Radom, you agree to follow these Rules and Policies.

Miscellaneous

Disclaimer of Warranty

Radom provides the Services to you as is. You use them at your own risk and discretion. That means they don’t come with any warranty. None expressed, none implied. If we don’t meet the quality level described in this warranty, you agree to tell us, and we’ll work with you to try to resolve the issue.

Limitation of Liability

Radom Pay Limited won’t be liable to you for any damages that arise from your using the Services or any connected or associated services. This includes if the Services or any connected or associated services are hacked or unavailable. This includes all types of damages (indirect, incidental, consequential, special, or exemplary). And it includes all kinds of legal claims, such as breach of contract, breach of warranty, tort, or any other loss.

Waiver of Rights

Radom Pay Limited’s failure to enforce any right or provision of these Terms will not be considered a waiver of such right or provision. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorised representative of Radom Pay Limited. Except as expressly outlined in these Terms, the exercise by either party of any of its remedies under these Terms will be without prejudice to its other remedies under these Terms or otherwise.

Severability

If any provision of these terms is found invalid by a court of competent jurisdiction, you agree that the court should try to give effect to the party’s intentions as reflected in the provision and that other provisions of the Terms will remain in full effect.

Choice of Law and Jurisdiction

These Terms are governed by United Kingdom Law. You agree that any suit arising from the Services must take place in a court located in the United Kingdom.

Entire Agreement

These Terms are the whole agreement between Radom Pay Limited and you concerning the Services. If you have any questions, please email contact@radom.network.

Taxes

You are responsible for any applicable national, state, local, sales, or use taxes, value-added taxes, or similar taxes or fees payable in connection with your use of the Services. If you do not pay such taxes, you will be responsible for the tax liability if the transaction is later determined to be taxable, and Radom reserves the right to collect taxes or other fees from you at any time.

Contact Information

If you have any questions about these Terms or the Services, please contact us at contact@radom.network.