The terms below apply specifically to use of the FasteCash Shop or Infomart features, which enables Merchants to display information about their websites to other FasteCash Users through the www.fastecash.com website.
FasteCash Service. Merchant acknowledges that (i) the FasteCash service and FasteCash are not a bank (ii) FasteCash accounts are not insured by any government agency and (iii) the FasteCash service and FasteCash are not subject to banking regulations.
The Legal Relationship between Merchant and FasteCash Agency Relationship. FasteCash acts as a reseller to help Merchant sell or purchase products or services to/from third parties or other FasteCash users. FasteCash act as seller/reseller based upon Merchantís direction and requests to use FasteCashís services that require it to perform tasks on behalf of the Merchant. Merchant acknowledges that FasteCash is not a bank and the service is a payment reseller service rather than a banking service.
All information you provide at the time of FasteCash Shops or Infomart registration/integration must be truthful, including the website's title, description, category, and all other requested information. If any change occurs in your FasteCash registration/integration information, you must promptly update the information through the FasteCash website. Failure to comply will result in suspension or removal of any of your websites from the FasteCash Shop or Infomart. Provision of deceptive information will result in suspension or removal of your website from FasteCash Shop. You grant FasteCash the right to access your site through manual observation or automated "spidering" or other automated search techniques in order to confirm the accuracy of your registration information. FasteCash is under no obligation to monitor the accuracy of your site.
Eligibility. Merchant must meet the following conditions to be eligible to integrate a website with FasteCash:
1. Possess international passport or driverís license.
2. Have a business location. (Home based entrepreneurs should give their residential addresses).
3. Details of current account with any bank in Nigeria.
If at any time the Merchant of an integrated website no longer meet one or more of the requirement listed above that website will cease to be listed in the FasteCash shop or InfoMart directory.
Website must accept FasteCash payments. This website must accept FasteCash payments. If an investigation of your website shows that it does not accept FasteCash payments, it will be removed from the FasteCash Shop Directory. The website will be re-activated when it accepts FasteCash payments.
Other. By integrating/registering your website with FasteCash, you grant FasteCash the right to run a credibility check on you or your business at any time. FasteCash reserves the right to remove the listing of any website from the FasteCash Shop or InfoMart directory at any time, for any reason.
No Endorsement. FasteCashís presentation of website registration/integration information is not an endorsement of the website or of any goods or services offered on the website. Any attempt to state or imply FasteCash's endorsement of your goods or services may constitute grounds for suspension or removal of your participation in FasteCash Shop or InfoMart.
No Illegal Website or Websites which violate the FasteCash Acceptable Use Policy. You may not integrate a website that promotes or facilitates illegal actions, including but not limited to the sale of goods or services that infringe on the intellectual property of a third party. Any such integration or registration of website constitutes ground for suspension or removal of your participation from FasteCash Shop or InfoMart.
Shopping at Websites Integrated with FasteCash. Website registration/integration information is provided by the Merchant, and FasteCash is not responsible for any errors or misrepresentations in such information. FasteCash specifically disclaims all warranties with respect to website registration/integration information, including but not limited to the warranty of merchantability and the warranty of accuracy of informational content. FasteCash does not guarantee any level of security in shopping at third-party or any Merchantís website(s) registered with FasteCash, nor does FasteCash guarantee the quality of goods or services offered on these websites.
(i) The merchant shall discharge all claims made by any person in respect of any liability suffered as a result of the exercise of the right granted by the merchantís agreement with its product or service users who are also FasteCash end users.
(ii) The merchant agrees to indemnify and hold FasteCash, its affiliates, officers, directors, share holders, and employees harmless from any claim, action, demand, loss, or damages (including attorneys' fees) made or incurred by any third party arising out of or relating to your use of FasteCash services.
Fees. Placement in FasteCash Shop or InfoMart requires upgrading of FasteCash account from Normal to either Premium or Classic which attract one lifetime upgrade fee of N5,000.00 or N10,000.00 with a minimum deposit of N500.00 or N1,000.00 in the account respectively. FasteCash shall be entitled to deduct 2.5% commission or 4% in case a merchant is paid with Interswitch payment system as fee for every payment made to the merchant by other FasteCash users. Fees may be reviewed in the future, with changes communicated to Merchants.
Force Majeure. Neither party hereto shall be liable for its failure to perform or delay in performance hereunder due to contingencies beyond its reasonable control including, but not limited to, strikes, riots, compliance with laws or governmental orders, fires, war, terrorism and acts of God and such failure shall not constitute a default under this Agreement; provided, however, that neither party shall be relieved of any of its obligations hereunder solely by reason of that partyís financial inability to perform or any commercial contingencies (such as changing markets, poor management decisions, and business declines).
Termination for Cause. This Agreement may be terminated by either party upon the occurrence of any of the following: (a) if the other party shall be declared insolvent or bankrupt; (b) if there is a material breach of this Agreement which breach is not cured within thirty (30) days of notice thereof to the breaching party; (c) within thirty (30) days after a final determination by any governmental authority with jurisdiction over the parties that the provision of the services under this Agreement is contrary to existing laws, rules or regulations. Upon termination of this Agreement for any of the reasons set forth herein, Merchant shall immediately terminate all services provided hereunder as soon as practicable in accordance with applicable laws.