These Terms of Use govern the opening, use and closure of KuulPay Account and other related payment services as referred to herein. Together with our Privacy Policy, and any other terms and conditions referred to therein they constitute the legal relationship between you and us.

1. Your KuulPay Account

1.1 Your KuulPay account is an electronic money account which enables you to receive electronic payments.

1.2 Electronic money accounts are not bank accounts.

1.3 The electronic money on a KuulPay Account belongs to the person or legal entity which is registered as the KuulPay Account holder. No person other than the KuulPay Account holder has any rights in relation to the funds held in a KuulPay Account, except in cases of succession. You may not assign or transfer your KuulPay Account to a third party or otherwise grant any third party a legal or equitable interest over it.

2. Opening Your KuulPay Account

2.1 In order to use our payment services you must first open a KuulPay Account by registering your details on our Website. As part of the signup process you will need to accept these Terms of Use and Our Privacy Policy and you must have legal capacity to accept the same. If you order additional services, you may be asked to accept additional terms and conditions.

2.2 If you are an individual, you must be 18years or older to use our services and by opening a KuulPay Account, you declare that you are 18 years or older. This doesn not apply to products for which we set a different age limit. We may require at any time that you provide evidence of your age.

2.3 All information you provide during the signup process or any time thereafter must be accurate and truthful.

3. Keeping Your KuulPay Account Safe

You must take all reasonable steps to keep your KuulPay Account password safe at all times and never disclose it to anyone. Our personnel will never ask you to provide your password to us or to a third party. Any message you receive or website you visit that asks for your password, other than the KuulPay Website or a KuulPay payment gateway on a merchant website, should be reported to us. If you are in doubt whether a website is genuine, you should contact Customer Service.

Most financial transactions requires authentication through code we send to the phone. You must take reasonable step to keep your phone safe at all times.