Terms of Service

These terms are a draft for counsel review. They summarize the provisions Rekoup's Terms of Service will contain.

1. Rekoup provides software that observes the merchant's own accounts and reports payment arrivals to the merchant's store. Rekoup does not hold, transmit, route, or initiate funds and is not a party to any payment between the merchant and its customers.
2. The merchant's bank, Zelle, wallet, and other accounts are the merchant's own. The merchant is responsible for complying with the terms of those accounts and with the laws applicable to its products and sales. Rekoup does not advise on product legality.
3. Rekoup makes no guarantee that any bank or rail will accept a given transaction or maintain an account. Account closures, holds, and limits are the merchant's risk.
4. Confirmation timing depends on the rail and the merchant's bank. Rekoup confirms based on data received from the merchant's bank and does not warrant the accuracy of that data.
5. Merchant grants Rekoup read-only access to account data through an aggregator for the sole purpose of the service. Rekoup will not sell or share it.
6. Subscription terms, overage billing, cancellation, refunds.
7. Acceptable use incorporated by reference.
8. Limitation of liability, indemnity, governing law [state to be confirmed], dispute resolution.