Legal

Acceptable use.

ProxyPay is an additional payment rail for lawful businesses. It is not a way around banks, card networks, transaction monitoring, reporting or tax, and we will not support it being used as one.

Requirements on a merchant

Your business must be lawful under the federal and state law that applies to it, and must hold every authorisation, registration and permit its activity requires.
You must meet your own exchange or off-ramp provider’s rules and remain in good standing with them. Their acceptance of your business is their decision, not ours.
You must meet your own obligations for record-keeping, reporting and tax. ProxyPay produces reconciliation records; it does not discharge any obligation you have.
Approval seats must be held by identified people you name, and you must be able to replace one.
You must give customers a clear receipt and a refund policy your staff can state plainly, because payments are final once the ledger confirms them.

Not permitted

Any activity that federal or state law prohibits.
Use intended to conceal the source, ownership or destination of funds, to evade sanctions, or to defeat lawful monitoring, reporting or tax obligations.
Accepting payments on behalf of an undisclosed third party, or acting as a payment service for other businesses.
Fraud, deception about what a customer is buying, or misrepresenting who the merchant is.
Any activity your exchange, bank, vault vendor or another provider prohibits under your agreement with them.
Attempting to obtain keys, credentials or approval authority belonging to a customer, a colleague or ProxyPay.

Screening and enforcement

Sanctions: ProxyPay will screen merchants and merchant addresses against applicable sanctions lists, before a pilot and on an ongoing basis.
Public ledger: Payments settle on a public blockchain. Amounts, addresses and times are permanently visible to anyone, including to authorities.
If we find a breach: We may pause request issuance for a location or a merchant, and we may end a pilot. Because ProxyPay does not hold funds or keys, we cannot freeze, seize or redirect anyone’s money, and a page that implied otherwise would be selling you a control we do not have.
Reporting a concern: Write to legal@proxypay.app.