SomPay Referral & Terms of Use
Effective Date: May 1, 2025
- We are not responsible for custody of user funds. Funds are sent directly to the recipient’s designated account or wallet.
We do not guarantee the value of any third-party remittance services or products connected to your use of SomPay.
-“SomPay”, “Company”, “we”, “us”, or “our” means SomPay Ltd.
- “Services” means the website sompay.io and any remittance services provided through it.
- “User”, “you”, or “your” means the individual or entity using our Services.
- “Personal Information” means any data used to identify a specific person.
- “Your Account” means your user account registered with SomPay.
- “Content” means any material you submit, upload, or share through the Service.
- “USDC” means USD Coin, a digital stablecoin pegged to the U.S. dollar.
By using our Services, you agree to be bound by these Terms. You must be at least 18 years old and legally authorized to enter into contracts. Your use of the Services constitutes agreement to these Terms and our Privacy Policy.
We may update these Terms and will notify you of material changes. Continued use after updates constitutes acceptance.
We respect your privacy. Please review our Privacy Statement for details about how we collect, use, and share your data. By using our Services, you consent to the terms of our Privacy Statement.
- You must be at least 18 years old.
- You must comply with all applicable laws and not use the Services for prohibited activities (see Appendix A).
- You may only access the Services using your own registered account.
SomPay grants you a non-exclusive, non-transferable, revocable license to use our Services solely for lawful purposes.
All trademarks, content, and software are the property of SomPay or our licensors. You may not copy, reuse, or redistribute any materials without express written consent.
User-generated content grants SomPay a worldwide, royalty-free license to use and display such content in relation to the Services.
Users may not:
- Upload harmful or unlawful content
- Misrepresent their identity or affiliation
- Violate any applicable law or intellectual property rights
- Use bots, scripts, or automation for transactions
- Attempt to hack or disrupt SomPay’s systems
Violating these restrictions may result in suspension or termination of your account.
You are responsible for maintaining your login credentials. Do not share your password. Notify us immediately of any unauthorized use. SomPay reserves the right to suspend or close accounts in cases of suspicious activity.
By using SomPay, you acknowledge:
- You understand currency conversions and remittances carry risk.
- We are not liable for market fluctuations or the future value of funds.
- Taxes are your responsibility.
- SomPay does not offer credit, and all transactions are final once confirmed.
With your consent, we may send promotional communications. You may withdraw consent at any time by contacting support@sompay.io.
Purchases made through the SomPay platform are subject to the following terms:
- Finality of Orders: All confirmed orders are final and non-reversible. SomPay provides tools to verify order details (such as wallet addresses) before confirmation. We are not responsible for any losses resulting from mistyped or incorrect information.
- Market Discrepancies: If a transaction is affected by a technical issue resulting in a significant deviation from market value, SomPay reserves the right to cancel the order and refund the original amount.
- Transfers: Cryptocurrency deposits require blockchain confirmations before being processed. SomPay is not liable for delays due to network congestion or external factors.
- Coin Availability: We may add, remove, or suspend coins at our discretion without liability.
- Fees: A percentage-based fee is disclosed during each transaction. Fees may apply for funding or withdrawing funds. Transactions will not process if the fee exceeds the transaction value. Banks may charge additional NSF or overdraft fees, which are your responsibility.
- Transaction Limits: We reserve the right to set transaction limits based on our risk assessments and in accordance with regulatory requirements.
- Third-Party Responsibility: SomPay is not liable for issues arising from goods or services purchased using cryptocurrency via our platform. Disputes must be resolved directly with the vendor.
- Price Fluctuation: Final transaction amounts may differ slightly (up to $0.10) due to market changes and rounding.
SomPay’s services and related data are provided “as is.” We make no guarantees regarding uninterrupted access, data accuracy, or cryptocurrency value. All use is at the user’s risk. Links to external websites are not endorsed by SomPay.
We are not liable for any damages, including direct, indirect, or consequential, arising from use of our services or loss of digital currency. Users agree to hold SomPay and its affiliates harmless.
You agree to defend and indemnify SomPay from any claims, legal fees, or liabilities resulting from your use of our services or violation of these terms.
SomPay may suspend, restrict, or terminate any service or account at its discretion and without notice if misuse or policy violations are detected.
All disputes shall be resolved through binding arbitration in Alberta, Canada, except for small claims or IP issues. You may opt out within 30 days of account creation.
These Terms are governed by Alberta law. Users agree to submit any claims to Alberta courts. Invalid provisions will be replaced with enforceable ones. SomPay may assign these Terms without notice.
Email: support@sompay.io
Mailing Address: 9 Clearwater Crescent, Fort McMurray, AB, T9H 4A1
- Prohibited business activities include:
- Unlicensed money services
- Counterfeit or illegal goods
- Controlled substances
- Gambling or betting (where illegal)
- Deceptive or unethical practices
- Violence or hate-related activity
- Prohibited user actions include:
- Providing false or misleading information
- Using automation, bots, or bulk systems
- Accessing or using other users’ accounts
- Distributing malware or spam
- Violating any applicable laws
SomPay reserves the right to investigate and take appropriate legal action in response to violations.