Last Updated: March 24, 2025
Blind Pay, Inc.
These Terms of Service ("Terms") govern your use of the software, systems, and services provided by Blind Pay, Inc. ("BlindPay," "we," "us," or "our"), including the purchase and sale of digital dollars through the BlindPay platform (the "BlindPay Services").
BlindPay operates on a Business-to-Business-to-Consumer (B2B2C) model. We partner with businesses ("Partners") who integrate our services into their platforms to provide digital dollars services to their customers ("Customers"). To facilitate money movement and compliance functions, we work with financial institutions and service providers ("Payment Vendors"). This agreement applies to Partners, Customers, and defines our relationship with Payment Vendors that use or support the BlindPay Services.
By accessing or using the BlindPay Services, you agree to be bound by these Terms. If you are accessing the BlindPay Services on behalf of a business (a "Business User"), these Terms apply to both you and the business.
Our Privacy Policy explains how we collect and use personal data you share with us. Each time you visit our website, apply for an account with us ("BlindPay Account"), or use the BlindPay Services, you consent to our collection, use, and disclosure of your personal data as outlined in our Privacy Policy. Your consent applies for as long as you use the BlindPay Services.
1.1. Partner Relationship. BlindPay offers its services through Partners that integrate BlindPay services with their own platforms. To open a BlindPay Account, you must have an active account with a Partner ("Partner Account").
1.2. Eligibility Requirements. To use a BlindPay Account, you must: a) be at least 18 years old; b) have the legal capacity to accept these Terms; and c) have an active Partner Account.
If you are opening a BlindPay Account for a business, you warrant that you are authorized to do so and will use the services only for business purposes.
1.3. Restricted Locations. We cannot provide a BlindPay Account if you are in a location where we do not offer our services ("Restricted Locations"). We may change the list of Restricted Locations at any time without prior notice.
1.4. Identity Verification. We require personal data to verify your identity and process your application. Our Partner may share this data with us with your permission, or we may collect it directly from you. This data includes name, address, date of birth, government identification, and other information as required. A comprehensive list of the data we collect and how we use it is available in our Privacy Policy. Your data must always be accurate and up-to-date.
1.5. Account Security. Neither we nor our Partners are responsible for unauthorized access to your BlindPay Account. If you suspect fraudulent activity, you must notify your Partner immediately.
2.1. Wallet Creation and Custody. By using the BlindPay Services, you consent to have wallets created on your behalf by BlindPay. You acknowledge and agree that BlindPay will maintain custody of any wallet created for you, and that you will not have direct access to these wallets or their private keys.
2.2. Virtual Accounts. You consent that BlindPay may generate virtual accounts for you in the United States for the purpose of facilitating transactions. These virtual accounts are managed by BlindPay and our payment processing partners.
2.3. Connected Accounts and Wallets. To buy and sell digital dollars, you must provide at least one bank account ("Connected Account") and one digital dollars wallet address ("Wallet") if you wish to withdraw digital dollars. Your Connected Account must be under your sole possession and control.
2.4. Monitoring. As part of our legal compliance program, we will monitor the use of your BlindPay Account, Connected Account, and Wallet, and review your personal data to prevent financial crimes.
2.5. User Responsibility. You are solely responsible for monitoring your Connected Account and Wallet for unauthorized activities.
3.1. Consent to Information Sharing. You consent that all information provided by you or collected about you may be shared:
a) with your Partner;
b) with Payment Vendors that are integrated with BlindPay infrastructure;
c) with regulatory authorities; and
d) as otherwise required for compliance and money movement purposes.
3.2. Partner API Access. Partners will use BlindPay APIs to perform actions including but not limited to creating wallets and virtual accounts on behalf of their Customers. Customers acknowledge that their Partner has this capability when they consent to these Terms.
3.3. Payment Vendors. BlindPay works with various financial institutions and compliance software providers ("Payment Vendors") to facilitate money movement, identity verification, fraud prevention, and regulatory compliance. These Payment Vendors enable BlindPay to process transactions on behalf of Customers. By using BlindPay Services, you acknowledge and consent that:
a) BlindPay may share your information with these Payment Vendors as necessary;
b) Payment Vendors may have their own terms of service that apply to their processing of your information;
c) BlindPay may move money on your behalf through these Payment Vendors; and
d) Payment Vendors may impose additional requirements or restrictions as required by their policies or applicable regulations.\
4.1. Customer Termination. Customers can terminate their BlindPay Account at any time through their Partner. Terminating your account does not affect any rights or obligations that arose prior to termination.
4.2. Partner Account Freezing. Partners consent that their account may be frozen if any suspicious activity is identified from any Customer added to their account. This may include, but is not limited to, suspected fraud, money laundering, terrorist financing, or other illegal activities.
4.3. BlindPay Termination Rights. BlindPay reserves the right to suspend or terminate any Partner or Customer account at any time, with or without cause, and with or without notice. We will make reasonable efforts to notify the affected party through their Partner Account or via email.
5.1. Supported Digital Assets. In addition to fiat currency, we allow the transfer of specific digital assets ("Digital Assets"). A list of supported Digital Assets is available in your Partner Account.
5.2. Chain Disclaimer. BlindPay does not operate, own, or control any chains. Chains may change their operational rules without notice, and third parties may create copies ("Forks"), resulting in multiple versions of a chain.
5.3. Fork Policy. BlindPay does not support any kind of digital dollars or any digital assets from any forked chain unless explicitly stated otherwise.
5.4. Chain Risks. We are not responsible for chains, and you assume all risks when buying or selling digital dollars. We do not guarantee the functionality or security of chains.
5.5. Risk Acknowledgment. There are many risks associated with buying and selling digital dollars, including but not limited to market volatility, regulatory changes, and technical vulnerabilities. By using BlindPay services, you indicate that you understand and accept these risks.
6.1. Prohibited Businesses. Blind Pay, Inc. will not onboard businesses associated with Politically Exposed Persons (PEPs). If a PEP is identified during the onboarding process or ongoing monitoring, Blind Pay will offboard the customer immediately. Furthermore, the following types of businesses are prohibited from onboarding with Blind Pay:
a) Drugs and medications, including online pharmacies, weight loss supplements, pharmaceuticals, human growth hormones, e-cigarettes, and tobacco.
b) Adult entertainment, including pornography, 1800 chat lines, and massage parlors (excluding Registered Massage Therapists).
c) Firearms and ammunition.
d) Mass marketing, lottery, gambling, debt collection agencies, timeshares, get-rich-quick schemes, credit repair, and prepaid/reloadable cards.\
6.2. High-Risk Businesses. High-risk businesses such as Money Service Businesses (MSBs) and Casinos may be onboarded only after a manual review and approval process. These businesses must provide their AML policy and other relevant documents for evaluation.
7.1. Agreement to Arbitrate. You and BlindPay agree that any dispute, claim, or controversy arising out of or relating to these Terms or the breach, termination, enforcement, interpretation, or validity thereof, or to the use of the BlindPay Services (collectively, "Disputes") will be resolved solely by binding individual arbitration and not in a class, representative, or consolidated action or proceeding.
7.2. Small Claims Court Option. Notwithstanding Section 7.1, either you or BlindPay may bring an individual action in small claims court if the claim qualifies, so long as the action remains in that court and is brought on an individual basis.
7.3. Waiver of Jury Trial. YOU AND BLINDPAY HEREBY WAIVE ANY CONSTITUTIONAL AND STATUTORY RIGHTS TO SUE IN COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY. You and BlindPay are instead electing that all Disputes will be resolved by arbitration under this Section 7.
7.4. Waiver of Class Actions and Class Arbitrations. ALL DISPUTES SHALL BE BROUGHT SOLELY IN AN INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS, MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING, AND MAY NOT AWARD CLASS-WIDE RELIEF.
7.5. Arbitration Procedures. The arbitration will be conducted under the Commercial Arbitration Rules of the American Arbitration Association ("AAA") then in effect, except as modified by this Section 7. Any arbitration hearing will take place in Dover, Delaware, unless we both agree to another location or to remote proceedings.
7.6. Exception for Intellectual Property and Small Claims. Notwithstanding the foregoing, nothing in these Terms will be deemed to waive, preclude, or otherwise limit either party's right to (i) bring an individual action in small claims court, (ii) pursue enforcement actions through applicable federal, state, or local agencies, (iii) seek injunctive relief in a court of law, or (iv) file suit in a court of law to address intellectual property infringement claims.
8.1. Governing Law. These Terms and any action related thereto will be governed by the laws of the State of Delaware without regard to its conflict of laws provisions.
8.2. Severability. If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that these Terms will otherwise remain in full force and effect and enforceable.
8.3. Assignment. These Terms are not assignable, transferable, or sublicensable by you except with BlindPay's prior written consent. BlindPay may assign, transfer, or delegate any of its rights and obligations hereunder without consent.
8.4. Entire Agreement. These Terms constitute the entire agreement between you and BlindPay regarding the use of the BlindPay Services and supersede all prior or contemporaneous communications.
8.5. Modification of Terms. We reserve the right to modify these Terms at any time. We will provide notice of any material changes through your Partner Account, via email, or by other means. Your continued use of the BlindPay Services after such notice constitutes your acceptance of the modified Terms.
For any inquiries, requests, or concerns related to these Terms or our services, please contact us using the following information:
Blind Pay, Inc.
8 The Green, #19364, Dover, DE 19901 US
[email protected]