The governing terms for accessing the Veloris Global website, submitting an application, and engaging with our services.
These Terms and Conditions (the “Terms”) govern your access to and use of the website operated at veloris-global.com (the “Website”), the application portal, and any related services and surfaces made available by Veloris Global Ltd (“Veloris”, “we”, “us” or “our”). By accessing the Website, submitting an application through the portal, entering into a commercial relationship with Veloris, or otherwise engaging with our services, you (“you” or the “Client”) acknowledge that you have read, understood and agreed to be bound by these Terms.
If you do not agree to these Terms, you must not access the Website, submit an application, or otherwise engage with our services.
Veloris Global Ltd is a payments infrastructure, strategic advisory and business development company incorporated in the Republic of Cyprus.
Veloris is not, and does not hold itself out as, except where separately and explicitly licensed in a relevant jurisdiction for the relevant activity:
Veloris does not at any time hold, receive, possess, control, transmit or dispose of Client funds or end-customer funds. All such funds flow directly between you, your end-customers and the relevant licensed third-party provider.
The services we provide are professional advisory, business development, coordination, project management and relationship-management services (the “Services”). The Services may include, without limitation:
The Services are professional services. They do not constitute regulated financial services.
The contractual and operational relationship in respect of payment processing, banking, settlement, custody and related regulated financial services exists directly between you and the relevant Provider. Veloris is not a counterparty to that relationship.
The relevant Provider is solely responsible for: acceptance, rejection and underwriting decisions; compliance, risk, fraud and sanctions reviews; the processing, authorisation, capture, clearing and settlement of transactions; the holding, safeguarding and disposition of funds; chargebacks, refunds, reserves, holds and rolling reserves; the imposition and calculation of fees; operational continuity and service-level performance; compliance with applicable laws, regulations and scheme rules; and communication with regulators and card schemes.
Veloris has no authority to override, modify, suspend or reverse any decision or action of a Provider. Where Veloris escalates a matter to a Provider in support of you, decision-making in respect of the matter remains with the Provider.
To engage with Veloris you must be at least eighteen (18) years of age, have full legal capacity to enter into a binding contract, and be authorised to act on behalf of the entity you represent. You may not engage with Veloris if you are located in, ordinarily resident in, or organised under the laws of any jurisdiction subject to comprehensive sanctions imposed by the United Nations, the European Union, the United Kingdom, the United States, or another jurisdiction whose sanctions are recognised by Veloris.
You are responsible for the accuracy of the information you provide in your application and for promptly notifying us of any material change to that information.
Use of the Website and any of our Services is governed by our Acceptable Use Policy, which is incorporated by reference. We reserve the right to suspend or terminate access to our Services where we reasonably suspect a breach of the Acceptable Use Policy.
The fees payable for the Services, and the structure of any introducer, referral or commercial compensation due to Veloris, are agreed in the relevant engagement letter or partnership agreement entered into between Veloris and you, or between Veloris and the relevant Provider. Veloris does not derive compensation from the holding or disposition of Client or end-customer funds.
Each party shall treat all non-public information disclosed by the other in the course of the engagement as confidential and shall not disclose such information to any third party except (i) to the extent strictly necessary for the performance of the Services, (ii) to the party’s professional advisers under equivalent obligations of confidentiality, or (iii) as required by law or by a competent supervisory authority. This obligation survives termination of the engagement for a period of five (5) years.
All trademarks, logos, content, software, technology and other intellectual property displayed on the Website or used by Veloris in providing the Services are owned by Veloris or its licensors and are protected by applicable intellectual-property laws. Further information is set out in our Intellectual Property Notice.
The Services involve introductions and coordination with third-party Providers. Use of any Provider’s services is subject to that Provider’s own terms and conditions and other documentation. Veloris is not responsible for the acts, omissions, terms, performance or regulatory posture of any Provider. Further information is set out in our Third-Party Services Disclaimer.
To the maximum extent permitted by applicable law, and save in cases of fraud, gross negligence, wilful misconduct, death or personal injury caused by the negligence of Veloris, or material uncured breach by Veloris of an express written obligation under a contract with you (collectively, the “Carve-Outs”), Veloris shall not be liable, whether in contract, in tort (including negligence) or otherwise, for any of the following:
Subject to the Carve-Outs, the aggregate liability of Veloris to you in respect of all claims arising under or in connection with these Terms shall in no event exceed the fees actually received by Veloris from you under the relevant engagement during the twelve (12) months preceding the event giving rise to the claim, or such other cap as is agreed in the relevant engagement letter.
You agree to indemnify, defend and hold harmless Veloris, its affiliates, officers, directors, employees and agents, from and against any claim, demand, loss, damage, cost or expense (including reasonable legal fees) arising out of: (i) your breach of these Terms; (ii) your breach of the Acceptable Use Policy; (iii) your violation of any applicable law, regulation, scheme rule or third-party right; or (iv) any inaccuracy in any information or documentation you provide to Veloris or to a Provider.
These Terms remain in force for so long as you access the Website or engage with our Services. Either party may terminate any engagement entered into in connection with these Terms in accordance with the termination provisions of the relevant engagement letter. Veloris may suspend or terminate access to the Website or to the application portal at any time on reasonable notice, or immediately in the case of a material breach by you of these Terms or the Acceptable Use Policy.
These Terms, and any non-contractual obligations arising out of or in connection with them, are governed by the laws of the Republic of Cyprus, without reference to its conflict-of-laws principles. The parties submit to the exclusive jurisdiction of the courts of Nicosia, Cyprus, in respect of any dispute arising under or in connection with these Terms.
We may update these Terms from time to time. Material changes will be notified by an update to the version number and effective date displayed at the top of this page, and where the change is material to existing engagements, by direct written notice to affected Clients. Continued use of the Website or the Services following the effective date of an updated version constitutes acceptance of the updated Terms.
Questions about these Terms may be directed to legal@veloris-global.com.