User Agreement

Nature of the Relationship

Placeholder, pending legal review. ErasPay is the app layer over licensed payment and banking partners. It is not itself a bank, and it does not take deposits in its own name.

Custody of Funds

Placeholder, pending legal review. Balances are held with the licensed partner behind the account, not by ErasPay, and are kept separate from the company’s own money.

Settlement Times

Placeholder, pending legal review. When a transfer, bill payment or sell-in is expected to settle, and what happens when a partner or the NIBSS network is delayed.

Electronic Communications Consent

Placeholder, pending legal review. You agree to receive disclosures and notices electronically.

Fees & Compensation Disclosure

Placeholder, pending legal review. What ErasPay charges, and that a rate quoted for RMB, a gift card or crypto includes ErasPay’s margin.

Conflicts of Interest

Placeholder, pending legal review. Any material conflicts between ErasPay, its providers, and you.

Arbitration Agreement

Placeholder, pending legal review. Whether/how disputes are resolved outside of court, if applicable.

Amendments

Placeholder, pending legal review. How this Agreement can be updated.

Term & Termination

Placeholder, pending legal review. How either party can end this Agreement.

Contact Us

Placeholder, pending legal review. How to reach ErasPay with questions about this Agreement.