Terms and Conditions
Welcome to Bayad Tech ("BayadTech," "We," or "Us"). Our Software as a Service (SaaS) platform enables users to connect to cloud-based applications designed to support and grow businesses. Based in Koronadal City, Philippines, these Terms and Conditions ("Terms") form an integral part of our Service Agreement.
1. Account Registration
By registering for an account, you agree to adhere to our Privacy Policy (https://bayad.tech/privacy-policy) and these Terms
2. Subscriptions
To access most features of the platform, a subscription is required. Bayad Tech reserves the right to modify subscription pricing at any time, with or without prior notice. Once paid, subscriptions are non-refundable.
3. Fees
Fees for online payments include service charges and applicable taxes (e.g., VAT) as determined by our payment provider (Xendit). Bayad Tech reserves the right to revise fees without notice. These fees apply only to online payments and exclude cash payments.
4. Account Locking and Frozen Funds
We may lock accounts or freeze funds if fraudulent activity, illegal transactions, or reports from payment providers are detected. In such cases:
- You have 14 working days to submit an appeal or communicate with us to resolve the issue.
- Failure to appeal within the given timeframe will result in funds remaining locked. These funds can only be claimed by legal authorities or our payment partners. To appeal, legal documentation must be submitted.
5. Account Activity
Users are responsible for all activity on their accounts, including transactions, disbursements, and management. Bayad Tech will not be liable for user errors or unauthorized account changes.
6. Liabilities
Users bear sole responsibility for transactional errors, such as incorrect bank disbursements. While Bayad Tech may assist in resolving issues, users must submit a ticket for support.
7. Transactions
Users agree to use Xendit for online payments and comply with all transaction-related requirements. For inquiries or assistance, users must cooperate directly with Xendit.
8. Custom Xendit API Keys
Users consent to provide Xendit API keys (excluding those enabling disbursement control) for online payment transaction processing purposes only.
9. Prohibited Activities
Unauthorized exploitation of the platform, including exploiting bugs or vulnerabilities, is strictly prohibited. Accounts engaging in such activities will be permanently banned along with associated funds. No bounties will be awarded for reporting bugs or glitches.
10. Restricted Activities and Industries
Bayad Tech prohibits the use of its platform for activities deemed unlawful under Philippine law, including but not limited to those listed under the Anti-Money Laundering Act of 2001 and its amendments. These include:
- Ponzi Schemes: Fraudulent investment schemes promising high returns with little risk.
- Unregistered Crypto & Forex Trading: Trading activities lacking appropriate regulatory licenses.
- Gaming Apps: Applications facilitating unregulated or illegal gambling.
- Fraudulent and Illegal Transactions: Activities involving deception or violation of laws.
- Sanctioned Goods or Services: Items subject to United Nations Security Council sanctions (https://www.customs.gov.sg/businesses/united-nations-security-council-sanctions/).
- Online Sabong or e-Sabong: Unauthorized online cockfighting activities.
For a full list of restricted activities & Industries, refer to the Xendit Terms and Conditions. (https://www.xendit.co/en-ph/terms-and-conditions/)
11. Policy Updates
Bayad Tech reserves the right to update these Terms and Conditions at any time to reflect changes in services or policies. Continued use of the platform constitutes acceptance of these changes.
Last Update: January 21, 2025