Terms And Conditions
Acceptance of the Terms Change of Terms Registration and User Account Company Accounts Identity Verification Crypto Trading Disputing Crypto Trades Unresponsiveness Dispute review Dispute resolution criteria Dispute resolution criteria SendAM can resolve a disputed trade in the favor of a crypto seller when one of the following criteria are met: Incorrect dispute resolution Limitation of Liability regarding dispute resolution Advertisements Limitation, Suspension, and Termination of Your User Account We have the right to limit, suspend, or terminate your account or access to our Services if: Supporting Blockchain Forks and Other Cryptocurrencies Allowed Jurisdictions Termination of Business Intellectual Property Rights Disclaimer of Warranties and Limitation of Liability General
We have simple terms and if adhere to them then there wont be any problem using our exchange service.
SendAM is a pan global technology company that is built around a digital payment marketplace and logistics service ("Service" or "Services").
As part of its Services SendAM also helps resolving disputes if such should arise between buyers and sellers. SendAM does not become a party to any trade or transaction concluded by its users. Users may be natural persons or legal entities.
These Terms of Service govern the use of the Services and the relationship between the user and Sendam digital technology limited and having its registered office and principle place of business at 20-22 Wenlock Rd, London N1 7GU, United Kingdom ("SendAM", "we" or “us”).
If you are a consumer domiciled in the European Economic Area, all mandatory statutory consumer protection laws and regulations applicable in the country of your residence apply, to the extent that those laws and regulations provide a more extensive protection than the protection set out in these Terms of Service.
Minors are not allowed to use the Services. You affirm that you are at least eighteen (18) years of age, or the age of legal majority in your jurisdiction if that is higher than eighteen (18) years of age.
You affirm that you have the right, power, capacity and authority to lawfully enter into this Agreement.
You will be deemed to have accepted all modifications and revisions by continuing to use the Service. If you do not agree to the changes, you can terminate this Agreement at any time by concluding any outstanding trades and other obligations, withdrawing any remaining balances and closing down your account.
We also have the right, at our sole discretion, to make modifications and revisions to the Services and to the terms of this Agreement at any time which are due to security or compliance reasons, or for reasons suspected fraudulent activity. Such modifications will be published on our site and notified to you without undue delay.
To use our Services, you must first register with us by creating a user account ("user account" or "account"). An account will only be issued once you have provided all necessary information required by us for registration and the information has been examined according to the applicable legal requirements placed upon us by the authorities. This examination and requirements include, but are not limited to, anti-money laundering and counter-terrorism regulations as well as, in the case of company accounts, the examination of the details of your business, including the beneficial owners. All the information that we request you to provide in connection with the registration must be true, accurate and complete. If we believe that the information is not true, accurate or complete, we have the right to refuse your access to the site, or any of its resources, and to deny, terminate or suspend your Account.
A person may only have one account at the time (except in the case of legal entities). You may not use the Services or create an account on behalf of someone other than yourself. You are not allowed to sell, borrow, share or otherwise make available your account or any detail necessary to access your account to ANYONE other than yourself.
You are responsible for maintaining adequate security and control of your username, password, authentication code or any other code or credential that you use to access the Services.
You must not provide any misleading or fraudulent information, including, but not limited to having a non-personal phone number. Creating fake reputation information for your account, faking your country of origin or providing fraudulent identification documents is prohibited and will lead to termination or suspension of your account.
You have the right to delete your account and to terminate this Agreement at any time. You are responsible for all the obligations which have arisen up until the termination. By registering and using the Services, you represent and warrant that you are in compliance with all applicable federal and state laws and regulations governing Money Service Businesses or Cryptoasset Businesses or Virtual Asset Service Providers or similar applicable regulation of the jurisdiction you are located in.
After registration of the main company account, one or more other company sub-accounts may be registered for the same legal entity so that the company account and each sub-account is registered in the name of and operated by separate natural persons on behalf of the entity.
The same legal entity may place several advertisements on our platform, created by different company account holders, but such advertisements may not be fully overlapping (e.g. using the same trade limits with the same price in the same payment method category in the same country).
As part of our ID verification process we require you to provide us with your full name as well as documents and photographs that verify your identity (e.g. valid passport).
In certain situations (e.g. due to the regulatory or legal requirements) we may require enhanced identity verification. This may include requirements to verify details or sources of funds regarding payments you have made or received during trades on SendAM as well as crypto transactions that you have sent or received from your account.
Trades ("trade" or "contact") to either buy or sell crypto are initiated by responding with a trade request to advertisements created by other users. With the trade request you are making a legally binding offer and agree to be bound by the terms and conditions of the trade (such as exchange rate, amount and terms of payment) as determined by the advertiser to whom you are sending the trade request to. When sending the trade request, you may need to select from options made available in the advertisements or accept any freeform terms and conditions set out by the advertiser in the Terms of trade field and displayed on the advertisement page. The terms and conditions of the trade must be in accordance with the terms of this Agreement. In case of discrepancy, the terms of this Agreement will have precedence.
When you are selling, it is your responsibility to check that you have received payment for the full amount, that the payment is not made by a third party to the trade without that party’s authorization, and that it was made according to your instructions given to the buyer. After you have released a trade to the buyer it is not possible to cancel, reverse, dispute or otherwise recover or return the crypto to you.
Payments made by buyers must be sent by the same person or entity who is the holder of the account or the company account unless authorized in writing by the payeer. Receiving, making, providing, or attempting to receive, make or provide payments to or from third parties is forbidden and considered a violation of this Agreement unless authorized by the third party.
All communication relevant to the trade must happen in the trade chat on our platform in such a way that it is readily available for SendAM support staff to review.
Communication that has not occurred on our platform or that has been hidden, encrypted or otherwise obstructed from view is not taken into consideration during dispute review and dispute resolution.
Disputes can only be started on trades that are open and marked as paid by the buyer but not yet released by the seller. Trades that are not marked as paid by the buyer, have been released by the seller, or already disputed and resolved are considered completed and cannot be disputed, reversed, or altered. SendAM support has the right to re-open trades when the payment has been made but the trade has been cancelled.
SendAM does not become a guarantor of any party’s performance of a trade.
Therefore, although SendAM helps in resolving disputes, you assume the risk that any party with whom you trade ( “counterparty”) fails to perform in accordance with your agreement with the counterparty. By using SendAM’s Services, you release SendAM from any liability arising out of or related to a counterparty’s failure to perform as agreed.
In rare situations where neither party fulfills the criteria, or it is in other ways unclear or not possible to determine which party has fulfilled the dispute resolution criteria, SendAM may decide to resolve the dispute by splitting the escrowed crypto between the buyer and the seller evenly or unevenly.
The buyer has made the payment according to the instructions provided by the seller in the trade chat, advertisement terms of trade, or advertisement payment details and the buyer has provided sufficient proof that the payment was made according to these instructions.
The seller has become unresponsive.
1. The buyer has not provided payment or not provided payment in full.
2. The payment made by the buyer has been held/frozen/stopped by the payment provider.
3. The buyer has not provided the payment according to the instructions provided to them by the seller in the trade chat, advertisement terms of trade or advertisement payment details.
4. The payment is made by an unauthorised third party to the trade.
5. The buyer is not responding.
6. If the buyer or the seller of a disputed trade provides fraudulent information or fraudulent documents or makes false claims or otherwise tries to force a certain outcome of a disputed trade, the dispute may be immediately resolved against the user.
You acknowledge that the dispute resolution is a service that we provide and which will be conducted in accordance with the terms of this Agreement. You agree and accept that we assume no responsibility for the outcome thereof and in any event our liability for dispute resolution is limited to the amount of the fee payable to us.
In the event of an incorrect dispute resolution which is corrected in accordance with the terms of this Agreement, we assume no liability for any damage, loss, cost or inconvenience.
Advertisements for buying with or selling against cash are not allowed.
When you have advertisements enabled you are required to be active and available to reply to trades started from these advertisements. If a dispute is initiated in a trade against an advertiser who is not active and available, the advertiser may be deemed unresponsive within the meaning of this Agreement and the dispute may be resolved against them.
Information and payment details you provide in advertisements and trades must at all times be correct and up to date. Disputes may be resolved against you if you include out-of-date payment details and a buyer completes payment accordingly. Refusal to complete trades or to provide payment details for trades opened from your advertisements is considered a violation of this agreement.
The price or price equation that is defined in the advertisement details must contain any and all fees that the advertiser requires the buyer to pay. After initiation of a trade the price is locked and cannot be changed or any additional fees added without consent from both parties of the trade.
Multiple advertisements which are fully overlapping (e.g. using the same trade limits with the same price in the same payment method category in the same country) are not allowed.
As a result of limitation, suspension or termination your access to and the withdrawal of crypto that you have in your SendAM wallet may be delayed or denied. If there are crypto transactions made to the wallet addresses associated with your terminated or deleted account after the termination or the deletion, SendAM has no obligation to return the crypto and you agree that the crypto become the property of SendAM.
we have a reason to believe that you have acted in violation of these Terms of Service or applicable laws or regulations or if we have a reason to believe that any content or material submitted or shared by you in or through the Services violates these Terms of Service or applicable laws or regulations or third party rights;
we suspect that you use the Services to engage in, attempt to engage in, or in connection with fraudulent activity, money laundering, terrorist financing or other financial crime;
we have not been able to verify your identity or we have reason to believe that you have supplied false, misleading or deceptive information in connection with your registration, identity verification, trades or any other use of our Services, either to us or to another user;
we are required to do so under any applicable law, regulation or an order issued by an authority or court; make available content or behave in a way that libels, defames, invades privacy, stalks, is obscene, pornographic, racist, abusive, harassing, threatening or is offensive;
if you use the Services in a manner which may cause the Services to be interrupted or damaged or such a way that the functionality of the Services is in any way impaired or attempt to bypass or break any security mechanism of the Services or if SendAM believes in good faith that such action is reasonably necessary to protect the security of its Services or its property or brand or the security, property and rights of its users or those of third parties;
Attempt any unauthorized access to user accounts or any part or component of the Service. We will give you a notice of any limitation, suspension, or termination of your account but we may, if it is reasonable to do so (for example we consider it advisable for security reasons), limit, suspend or terminate your account without prior notice to you.
In the event that we limit, suspend or terminate your account we will lift the suspension as soon as possible once the reasons for the suspension or termination no longer exist.
We reserve the right at our sole discretion to decide if and how we support any new cryptocurrencies and/or blockchain forks in our Services including defining which blockchain shall be deemed as bitcoin within the meaning of this Agreement.
We strive to communicate our decisions concerning any significant new forks or cryptocurrencies on our website in a timely manner. If we decide to not support a new cryptocurrency we may, but are not obligated to, compensate users who held crypto in their SendAM account at the time of the air-drop in a manner deemed appropriate by us.
We reserve the right to provide compensation by converting all of the available new cryptocurrency and sharing all of the converted crypto between users who held a crypto balance on their account at the time of the creation of the new cryptocurrency. In case such a conversion takes place we may charge you a reasonable processing fee (which shall not exceed the amount of compensation payable to you).
If we decide to support a new cryptocurrency, unless otherwise communicated by us, this Agreement, including any reference, shall be equally applied to the new cryptocurrency.
Before the cessation of Services we will give a notice to our users and inform them of the procedure to complete outstanding trades and unresolved disputes as well as to withdraw any crypto users may have in their SendAM wallet.
The users are guaranteed at least one (1) year's time to withdraw their crypto, after which additional steps are taken to ensure lawful closure of the business, as agreed from time to time with the supervising authority.
We grant you a revocable, non-exclusive, non-sublicensable, non-transferable and limited license, subject to the terms of this Agreement, to access and use our site and Service, as well as related content, materials and information (collectively as "Content") solely for approved purposes as permitted by us from time to time. Any other use of the Content is expressly prohibited and you agree not to copy, transmit, distribute, sell, license, reverse engineer, modify, publish, or participate in the transfer or sale of, create derivative works from, or in any other way exploit any of the Content, in whole or in part.
SendAM is not associated with or does not itself support or claim to be in partnership with any of the payment methods, services or companies which may appear visible in the Online Payment method lists or advertisement details. Also, the Services provided by SendAM are not authorized, approved, endorsed or sponsored by any of the payment methods listed on the website or their respective trademark owners.
SendAM is not responsible for any user-generated content on its site including but not limited to messages, feedbacks or advertisements and may remove said content without notice (unless such notice is required by applicable law) or liability at any time in its sole discretion.
SendAM reserves the right to modify or discontinue, temporarily or permanently, all or any part of this site and/or any services on this site, with or without notice, and/or to establish general guidelines and limitations on their use.
Our liability, and the liability of our affiliates, directors and employees, is limited to the maximum extent permitted by applicable law. In particular, we will not be liable for indirect damage.
Nothing in this Agreement shall exclude or limit our liability based on willful misconduct or gross negligence.
Notwithstanding any other provision in this Agreement, nothing shall limit your rights as a consumer under mandatory provisions of applicable consumer protection legislation which are relevant for our Services.
You may not, however, transfer or assign any of your rights or obligations under this Agreement to any other party.
This Agreement (as amended from time to time) and any document expressly referred to in them contains the entire agreement and understanding between you and us in respect of all matters which are referred to herein and supersedes any prior written or oral agreement relating to such matters. No oral explanation or oral information given by either of us shall alter the interpretation of this Agreement. You confirm that, in agreeing to accept this Agreement, you have not relied on any representation that is not expressly included herein. However, nothing in this Agreement purports to exclude liability for any fraudulent statement or act.
If any part of provision in this Agreement is deemed unlawful, void or for any reason unenforceable, then that provision shall be deemed to be severable from this Agreement and shall not affect the validity and enforceability of any of the remaining provisions of the Agreement.
Our failure to enforce any right or provision in this Agreement will not constitute a waiver of such right or provision unless acknowledged and agreed to by us in writing. Except as expressly set forth in this Agreement, the exercise by either party of any of its remedies under this Agreement will be without prejudice to its other remedies under this Agreement or otherwise permitted under law.
You agree that this Agreement and any dispute between you and us arising out of or in connection with this Agreement shall be governed in all respects by the laws of United Kingdom, without regard to their choice-of-law provisions.
Acceptance of the Terms
Change of Terms
Registration and User Account
Disputing Crypto Trades
Dispute resolution criteria
Dispute resolution criteria
SendAM can resolve a disputed trade in the favor of a crypto seller when one of the following criteria are met:
Incorrect dispute resolution
Limitation of Liability regarding dispute resolution
Limitation, Suspension, and Termination of Your User Account
We have the right to limit, suspend, or terminate your account or access to our Services if:
Supporting Blockchain Forks and Other Cryptocurrencies
Termination of Business
Intellectual Property Rights
Disclaimer of Warranties and Limitation of Liability