The financial infrastructure built for startups

1. Who we are

These Terms of Service govern the use of the PayConnect-TT platform and related websites, dashboards, APIs and mobile experiences (the “Services”).

The Services are provided by Main Lite Technology USA, Inc., doing business as “PayConnect-TT”, organised under the laws of [Jurisdiction], with registered address [Address] and business registration number [Number] (“PayConnect-TT”, “we”, “us”, “our”).

You are the business, organisation or individual who registers an account to use the Services (“Customer”, “you”, “your”). If you accept these terms on behalf of a company, you confirm you have authority to bind that company.

2. What PayConnect-TT does

PayConnect-TT provides tools that help businesses onboard, verify, receive funds into dedicated balances, convert currencies, issue cards where available, and pay out funds. Some features are delivered by regulated third-party financial institutions and payment service providers (“Financial Partners”).

PayConnect-TT is not a bank and does not itself hold deposits or provide lending, investment or money transmission on a stand-alone basis. Where regulated activity is involved, it is performed by Financial Partners licensed in the relevant jurisdictions.

3. Your account

1. You must create an account and provide accurate information. Keep your information current and secure your login credentials. You are responsible for all activity under your account.
2. We may require identity verification, corporate documents and beneficial ownership information. You authorise us to collect and share limited information with our Financial Partners for KYC/KYB and ongoing screening against sanctions and watchlists. Where a partner’s hosted or embedded onboarding is used, you acknowledge that sensitive documents are provided directly to the partner and we may receive only status updates (e.g., submitted, under review, approved, rejected) and limited reason codes.
3. We may approve, conditionally approve, or refuse your application. We may suspend or terminate access if we believe your use presents risk or breaches these terms or applicable law.

4. Managed accounts and balances

1. The Services may allow you to create managed sub-accounts for your end customers or business units. Each managed account has an associated ledger balance and may be linked to virtual account details for incoming transfers where supported.
2. Funds received through the Services are held by Financial Partners in pooled or segregated accounts, for your benefit or for the benefit of your end customers as applicable. Legal title to any funds is determined by the terms of our Financial Partners and applicable laws.
3. Use managed accounts only for lawful business purposes and only with persons you have onboarded and verified in compliance with section 9.

5. Cards

1. Where available, the Services may enable issuance of virtual or physical cards for you or for your verified end customers. Card programmes are provided by issuing Financial Partners and are subject to their cardholder agreements and scheme rules.
2. You are responsible for card distribution, usage controls, spend limits and name lines. Report suspected fraud or compromise promptly.
3. Chargebacks, reversals and network assessments may be debited to your balance. You authorise us and our Financial Partners to recover any negative balances or fees from your settlement amounts or by debiting your designated bank account.

6. Receiving funds and payouts

1. You may receive funds through supported methods. Availability varies by country and currency and may change.
2. We credit your balance after applicable holds, checks and network delays. Payout schedules depend on risk profile, payment rails and partner requirements.
3. We may place reserves on your account if required by risk considerations or by our Financial Partners. We may delay or refuse a payout if we suspect fraud, illegal activity or breach of these terms.

7. Currency conversion and FX

1. If you use currency conversion, you authorise us to convert funds at the rates shown in your dashboard or via API at the time of conversion. Rates include a spread over the wholesale rate.
2. FX limits and supported currency pairs may change. Settlement timing may be affected by banking cut-offs and partner constraints.

8. Fees and taxes

1. You agree to pay the fees shown in your pricing schedule or dashboard. We may update fees with prior notice where required by law. Fees may include network charges, issuing fees, card production and shipping, dispute fees, FX spreads and payout fees.
2. All fees are exclusive of taxes. You are responsible for taxes that apply to your use of the Services and for issuing tax invoices to your own customers where required.

9. Compliance and acceptable use

1. AML/CFT programme. We operate a risk-based AML/CFT programme with Board oversight and a designated Compliance Officer. We assess customer, geography, product and delivery-channel risks; maintain written policies; and conduct training and periodic independent reviews.
2. KYC/KYB & UBO identification. You must complete KYC/KYB to the level required by our Financial Partners, including identification of beneficial owners (UBOs) and a control person. Enhanced due diligence (EDD) may be required for higher-risk profiles.
3. Sanctions & PEP screening. We screen customers and relevant parties against OFAC, UN, EU and UK lists and identify politically exposed persons (PEPs). Potential matches may be reviewed and must be resolved before activation.
4. Hosted onboarding. Where a Financial Partner’s hosted/embedded onboarding is used, you agree that documents and sensitive data will be provided directly to the partner. We may receive only application references, status updates and limited reason codes, which we may display to you in your dashboard.
5. Monitoring & RFIs. We apply controls such as MCC allow/deny lists, country allowlists/blocks, per-card/account limits and velocity checks. We may request additional information (“RFI”) or suspend activity while reviewing alerts.
6. Recordkeeping & audits. You must retain records as required by law. We may request information for screening, monitoring or audits and you agree to provide it promptly.
7. Prohibited activities. You must not use the Services for prohibited or restricted activities set out in Schedule A or for any activity that would cause our Financial Partners to breach law or scheme rules.
8. Geographies & availability. Product availability depends on jurisdiction, partner approvals and programme rules (e.g., BIN country). See Schedule F.

10. Data protection and privacy

1. Each party will comply with applicable data protection laws. Our processing of personal data is described in the PayConnect-TT Privacy Policy, which forms part of these terms.
2. You must obtain all necessary consents for the data you submit to the Services, including end-customer data, and provide legally compliant privacy notices to your customers.

11. Security

1. Maintain appropriate safeguards to protect your systems and any credentials or cards. Notify us without undue delay if you suspect unauthorised access or a security incident affecting the Services or card data.
2. If you process cardholder data in your own systems you are responsible for PCI DSS compliance to the applicable scope.

12. Intellectual property

1. PayConnect-TT retains all rights in the Services, including software, APIs, documentation and brand assets. You receive a limited, non-exclusive, non-transferable licence to use the Services as described in these terms.
2. You may not reverse engineer, copy or create derivative works of the Services except where such restrictions are not permitted under applicable law.

13. Service changes

1. We may improve or modify the Services, add or remove features or integrate new Financial Partners. If a change materially reduces functionality we will provide reasonable notice where required.
2. We may update these terms. If you continue to use the Services after an update takes effect, you agree to the updated terms.

14. Suspension and termination

1. You may close your account at any time by contacting support, subject to completing any outstanding settlements and chargeback periods.
2. We may suspend or terminate your access to the Services immediately if we believe there is a risk to the Services, our Financial Partners or other users, or if you breach these terms or applicable law. We may also suspend your access if required by a regulator or Financial Partner.
3. Upon termination you must stop using the Services. Sections on fees, liability, indemnity and dispute resolution will survive.

15. Warranties and disclaimers

1. The Services are provided on an “as is” and “as available” basis. We do not warrant that the Services will be uninterrupted, timely or error-free.
2. We are not responsible for delays or failures caused by banking networks, card schemes, telecommunication providers or other third parties outside our reasonable control.

16. Liability

1. To the extent permitted by law, neither party will be liable for lost profits, loss of revenue, loss of data or indirect or consequential losses.
2. Our total liability under these terms will not exceed the total fees you paid to us in the three months before the event giving rise to the claim.
3. Nothing in these terms limits liability that cannot be limited under applicable law, including liability for fraud or for death or personal injury caused by negligence.

17. Indemnity

You will defend, indemnify and hold harmless PayConnect-TT, our affiliates and Financial Partners from and against any claims, losses, costs and expenses that arise from your breach of these terms, your misuse of the Services, your violation of law or the rights of a third party, or any claim by your end customers.

18. Disputes

1. These terms are governed by the laws of [Governing law jurisdiction].
2. Any dispute that cannot be resolved by good-faith negotiations within thirty days will be submitted to arbitration in [City, Country] under the rules of [Arbitration body]. The language will be English. Judgment on the award may be entered in any court of competent jurisdiction. Either party may seek urgent injunctive relief in court.

19. Notices

Notices to PayConnect-TT must be sent to [legal@yourdomain] with a copy to [postal address]. Notices to you will be sent to the primary email address associated with your account.

20. Other terms

1. Assignment. You may not assign these terms or your rights without our prior written consent. We may assign our rights to an affiliate or in connection with a merger or sale.
2. Entire agreement. These terms, together with any product schedules, the Privacy Policy and pricing terms, form the entire agreement between you and us regarding the Services.
3. Severability. If any provision is found unenforceable, the remaining provisions will remain in full force and effect.
4. No waiver. A failure to enforce a provision is not a waiver of that provision.