Terms of Use

By using the Pay in Privacy app, you agree to these terms.

Key Terms

Please review the following key terms before using the Privacy platform. These terms are important for ensuring a safe and secure experience for all users.

You Must Be 18+ and Pass KYC to Access Fiat-Related Services

To comply with regulatory requirements and provide our fiat-related services (such as EUR IBAN accounts, fiat-to-crypto exchanges, and card services), you must be 18 years or older. Additionally, you will need to pass the Know Your Customer (KYC) verification process. KYC helps us ensure that users are legitimate and compliant with Anti-Money Laundering (AML) regulations. This process involves submitting identification documents for verification before you can access these services.

You Are Responsible for Keeping Your Credentials Secure

As a user, it is your responsibility to maintain the security of your account credentials, including your username, password, and any two-factor authentication (2FA) details. We recommend using strong, unique passwords and enabling 2FA for an extra layer of protection. Please immediately notify us if you suspect any unauthorized access to your account, as we take the security of your personal data seriously.

Exchange Rates Are Dynamic and Provided by Third-Party Partners

The crypto-to-fiat and fiat-to-crypto exchange rates provided by the platform are dynamic and subject to change based on market conditions. These rates are sourced from our trusted third-party exchange partners, and while we strive to offer the best available rates, they may fluctuate rapidly due to market volatility. You acknowledge that Privacy does not control these rates and may change them without prior notice.

We May Suspend Accounts in Case of Suspicious Activity

Privacy reserves the right to suspend or freeze accounts if we detect any suspicious activity or potential violations of our terms. This may include actions such as unusual transaction patterns, fraud detection, or failure to comply with our KYC and AML procedures. If your account is suspended, you may be required to provide further verification or details before reinstating access.

Token Rewards Inside the App Are Non-Financial and Have No External Value

Any token rewards or loyalty points earned inside the app are non-financial and cannot be exchanged for real-world currency. These rewards are intended as incentives for engaging with the platform, such as referring friends or completing certain actions. Token rewards have no external value and cannot be traded, sold, or redeemed for anything outside of the app. They are purely for app usage and internal purposes.

Explanation:

This expanded version explains the key terms of the Privacy platform in more detail. It clearly defines age restrictions, KYC requirements, and user responsibilities in maintaining account security. It also addresses the dynamic nature of exchange rates, the possibility of account suspension for suspicious activities, and the non-financial value of token rewards inside the app. This ensures transparency and clarity for users before they engage with the platform.

Service Providers

At Privacy, we collaborate with trusted and licensed partners to provide you with secure, reliable services. The following outlines how we work with these service providers:

IBANs and Cards Provided Through Licensed EU Partners

The EUR IBAN accounts and physical/virtual debit cards that we offer to our users are provided in partnership with licensed EU banking institutions. These partners are fully regulated and authorized to handle payments, account management, and card issuance. They ensure that our financial services are compliant with European banking regulations and anti-money laundering (AML) standards. As a user, you can be confident that these services meet high standards of security and privacy.

Crypto Exchange Powered by Regulated Partners (e.g. Coinify)

The crypto-to-fiat and fiat-to-crypto exchanges available on Privacy are powered by regulated third-party exchange partners such as Coinify. These partners are licensed and adhere to regulatory standards for financial transactions, ensuring the security and compliance of all cryptocurrency trades. Through these partnerships, Privacy can offer users seamless access to the most up-to-date exchange rates, low fees, and reliable transaction processing.

Explanation:

This expanded version clarifies the relationship between Privacy and its licensed partners in providing IBAN accounts, cards, and crypto exchange services. It emphasizes the importance of regulatory compliance and ensures that users understand the security, legality, and reliability of the services offered through these trusted third-party providers.