Terms & Conditions - AFRIXAPAY Payment Gateway

1. Introduction & Agreement

Welcome to AFRIXAPAY. These Terms and Conditions ("Terms") govern your access to and use of the payment gateway infrastructure, APIs, hosted payment links, virtual account generation services, and merchant wallet systems provided by AFRIXA BUSINESS LIMITED ("AFRIXAPAY", "we", "us", or "our").

By registering for an account or using our gateway services, you agree to be bound by these Terms, our Privacy Policy, and all applicable financial regulations in the jurisdictions where we operate.

2. Merchant Registration & KYC Compliance

To use our live gateway services, merchants must complete Corporate Compliance Verification (KYC Tier 3). You agree to provide accurate, current, and complete corporate information, including Corporate Affairs Commission (CAC) registration details, Tax Identification Number (TIN), Director BVN/NIN credentials, and valid identity documentation.

AFRIXAPAY reserves the right to suspend or terminate accounts that fail compliance reviews or provide fraudulent credentials.

3. Payment Gateway Services & Fees

AFRIXAPAY provides payment collection infrastructure across card processing, NIBSS bank transfers, temporary and permanent virtual accounts, and regional mobile money collections (NGN, GHS, KES, UGX).

Processing Fee: 1.5% per completed collection, capped at ₦2,000 NGN per transaction.
Outbound Transfers: Flat ₦10.00 NGN fee per outbound bank transfer payout.
Settlement: Funds land instantly in your AFRIXAPAY merchant balance and can be withdrawn to whitelisted corporate settlement accounts.

4. Settlement Accounts & Whitelisting Security

For security and anti-money laundering (AML) compliance, outbound payouts are strictly restricted to Admin-Whitelisted Settlement Accounts bearing the merchant's verified business or corporate name. Transfers to unverified third-party personal bank accounts are prohibited.

5. Prohibited Businesses

Merchants are strictly prohibited from using AFRIXAPAY for illegal activities, Ponzi schemes, unauthorized gambling, illicit drugs, fraudulent investments, or unregistered financial pools.

6. Limitation of Liability & Contact

AFRIXAPAY shall not be liable for losses caused by incorrect merchant account details, server downtime beyond our control, or external bank network delays.