of Premium Black Ltd., 50 Salisbury Road, Hounslow, TW4 6JQ, England, UK (hereinafter: “Premium Black”) for the Premium Black Cryptocurrency Merchant Terminal Platform (hereinafter: “Platform”).
By registering as a merchant on the Platform, you confirm that you have read and fully and unconditionally accept these Terms and Conditions.
1. GENERAL PROVISIONS
1.1. Definitions:
a. Cryptocurrency: Any digital, non-regulated (quasi) currency based on a usually decentralized, distributed, and cryptographically secured payment system. It serves as a medium of exchange, created and stored electronically in a blockchain. Bitcoin is the best-known example.
b. Blockchain: A digitized, decentralized public ledger of all cryptocurrency transactions.
c. Merchant: Any natural or legal person or legally capable partnership acting within their commercial or independent professional activity and using Premium Black services or products to accept cryptocurrency payments for goods and/or services.
d. Plugin: Small software provided by Premium Black that integrates into websites or platforms to enable customers to send cryptocurrency directly to the merchant’s wallet.
e. Services: Software, tools, and support provided by Premium Black that allow merchants to accept, track, transfer, and manage cryptocurrencies. Requires a Premium Black account.
f. Premium Black Account: A personalized area within the Platform accessible by username and password, enabling the merchant to manage services, information, and wallets.
g. Wallet: Software provided as part of the services that stores information required to track merchants’ cryptocurrency balances and transactions.
1.2.
The entire contractual relationship between you and Premium Black is governed exclusively by these Terms and Conditions. Any conflicting terms are excluded.
1.3.
Premium Black reserves the right to modify these Terms and Conditions at any time. Continued use of the services after changes have been made constitutes acceptance of the new terms.
2. PREMIUM BLACK SERVICES
2.1.
The services are for digital content storage and software provision only. They are not considered payment services under EU Directive 2015/2366 or electronic money issuance under Directive 2009/110. External providers may be used for currency exchange. Premium Black assumes no liability for third-party services.
2.2.
Premium Black may modify, update, or discontinue services at its discretion, especially due to legal obligations or to prevent unlawful activities.
2.3.
For currency conversion, you accept that digital content is sold, subject to unpredictable market fluctuations. Exchange rates are for reference only. Premium Black accepts no liability for losses or profits resulting from currency exchange conducted by merchants with third parties.
3. REGISTRATION AND ACCOUNT
3.1.
Only businesses may register for a merchant account. Private consumers are excluded. Premium Black may reject registrations.
3.2.
During registration, you must provide accurate information. Processing is based on EU Regulation 2016/679 (GDPR).
3.3.
Through your merchant account, you can access transaction history and manage cryptocurrency wallets. Plugins and API may be integrated into your platform.
3.4.
All information must be truthful and up to date. Any changes must be promptly updated.
3.5.
Login credentials must be kept confidential. Sharing them or negligent handling may result in account suspension.
3.6.
All communication occurs via the email address provided during registration. Updates must be communicated to support.
4. PLUGINS
4.1.
Plugins are provided “as is.” Additional services require separate agreement.
4.2.
Technical documentation is available on the website. Compatibility is not guaranteed. Modifications outside standard use are not permitted.
4.3.
Premium Black does not guarantee permanent service availability. System updates or maintenance may occur without prior notice.
4.4.
Access may be blocked if a threat to system security is identified.
5. CRYPTOCURRENCY PAYMENTS
5.1.
You are responsible for displaying product prices in cryptocurrency and handling taxes and fees.
5.2.
No contractual relationship exists between Premium Black and your customers. You alone are responsible for compliance with consumer laws.
5.3.
Premium Black is not liable for cryptocurrency value fluctuations. Merchants assume this risk.
5.4.
Premium Black is not obliged to identify paying customers but may require you to provide identity verification documentation in accordance with legal obligations.
6. FEES
Premium Black charges a fee of 0.5% per transaction, with a minimum of 0.01 EUR per transaction. Fees are deducted immediately upon completion.
7. INTELLECTUAL PROPERTY
7.1.
A non-exclusive, non-transferable, non-sublicensable right to use the API, plugins, and documentation is granted for the duration of the contract.
7.2.
You may not copy, analyze, decompile, distribute, or modify content without express permission.
7.3.
Use of trademarks and logos requires written approval. Co-branding must make clear that both parties are separate legal entities.
8. CONFIDENTIALITY
8.1.
All confidential information must be treated as such. This includes technical, organizational, or procedural data.
8.2.
Authorities may receive confidential data upon lawful request without prior notice.
9. TERM AND TERMINATION
9.1.
The contract begins with account registration and is indefinite. It may be terminated at any time by written notice (including email).
9.2.
Premium Black may cancel pending transactions after termination.
9.3.
Accounts may be blocked or terminated in case of illegal activities.
9.4.
Upon termination, any remaining cryptocurrency must be transferred within 30 days or will be forfeited.
10. WARRANTY AND LIABILITY
10.1.
Premium Black is not liable for the validity or accessibility of your wallet addresses.
10.2.
In case of defects, the first remedy is rectification. After two failed attempts, statutory rights apply.
10.3.
Warranty claims expire one year after delivery.
10.4.
Liability for slight negligence is limited to typical and foreseeable damages and capped at the contract value.
11. MISCELLANEOUS
11.1.
No joint venture or partnership is created by this agreement.
11.2.
You may not assign rights or obligations without written consent.
11.3.
Place of performance and jurisdiction is Larnaca, Cyprus.
11.4.
Cypriot law applies, excluding the UN Convention on Contracts for the International Sale of Goods (CISG).
Version: 10.06.2023