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When using any of the Xpresslitecoin.com services you are agreeing to the following conditions in full.
For the purpose of these terms, Xpresslitecoin.com will be referred to as the “company” and all users of the company’s services shall be referred to as the “customer”. The website operated by Xpresslitecoin.com at https://xpresslitecoin.com will be referred to as the “website”.
Litecoin is a not backed or value guaranteed by any financial institution; when accepting litecoins the customer assumes all risk the litecoins may become worthless in value. Customers should research and consider the risks before accepting any litecoins. The company makes absolutely no guarantee about the future value of the litecoins received though our platform.
Services provided by Xpresslitecoin.com is a "use as it is" service, no guarantee is given for any services provided or any loss incurred by the merchant.
It is the sole responsibility of the customer to check the accuracy of information entered and saved on the website. Account details displayed on the merchant summary webpage will be the final transfer destination. In the case that this information is incorrect, and funds are transferred to an unintended destination, the company shall not reimburse the customer and shall not transfer additional funds. As such customers must ensure the Litecoin address they enter is completely correct.
It is expressly prohibited for the customer to utilized their account for the purpose for cleaning money, hiding money, in any way attempting to obscure the source of funds, or attempting to circumvent financial regulations or restrictions.
In addition to all standard user terms of service merchant account users are also subject to the below terms which are specific to the merchant services. For the purpose of these terms the person or entity who owns the Xpresslitecoin.com merchant account will be referred to as the “merchant”. The merchant will be considered as the “customer” for the standard user Terms of Service, and will be considered as the “merchant” for the Merchant Terms of Service. Customers of the merchant are not included within the scope of this contract as they have no direct dealing with the company.
The company will operate a Litecoin Payment Gateway for the merchant. Through the automated service provided by the company, the merchant's client will forward Litecoins they intend to send to the merchant, to the company. The company will then forward the litecoins received to the merchants address upon taking its fees from the litecoins received. The company will not be considered as exchange service for the merchant; but as a mean for the merchant to accept litecoins on his/her website.
The company will keep a record of exchanges performed by the merchant and display this as the “Balance” of the merchant. Every hour or once per day the individual balance attributed to the merchant's transactions will be transferred to the registred ltc address of the merchant; this will herein be referred to as the “settlement processing”. If the merchant’s transaction confirmation is below 7 at the time of the settlement processing, no transfer will be made to the merchant. The balance will remain untouched and will be rolled over into the next settlement processing period. Until such as time that the transaction confirmation exceeds 7 at the time of settlement processing.
Litecoin transfers which receive less than 7 confirmations will not be paid to the merchant unless 7 confirmations are reached. It is suggested to wait for at least 2 confirmations before processing an order to protect against possibility of a malicious Litecoin transaction.
The company will take no responsibility for losses resultant from a security breach outside of servers owned and operated by the company.
The company does not offer any refund service. All exchanges processed for the merchant will be final and irreversible. Any refunds that the merchant wished to process must be handled directly by the merchant's client without the involvement of the company.
The company may any time temporarily or permanently disable the merchant service for some or all merchants; but has no guaranteed right to future service.
The company. reserves the right to change these terms at any time without prior notice or notification of the changes.
The customer agrees to indemnify, defend, and hold harmless the company, its affiliates and its and their respective owners, investors, contractors, officers, directors, members, managers, partners, shareholders, licensors, suppliers, customers, employees, agents, third-party advertisers, technology providers and service providers from and against any loss, damage, cost, or liability (including, reasonable attorneys’ fees) resulting from or relating in any way to a third-party claim, demand, action or proceeding that arises out of this Agreement or the Website, including but not limited to in relation to: (a) your use, non-use or misuse of, or connection to the Website, the Services and any Content (including without limitation your Content and any third party Content) forming part of the Website;
The company reserves the right to cancel any account with false, or seemly false, customer information, including incorrect or invalid name, address, nationality, or ID numbers.