Terms Of Service - Bullring Finance

Effective Date: June 2026

Please read these Terms of Service (“Terms”) carefully. These Terms set forth the legally binding terms and conditions between you and Teso Pay Inc. d/b/a Bullring Finance, and any Bullring group entity identified in an applicable order form, onboarding document or service confirmation (“Bullring”, “we”, “our” or “us”). These Terms govern your access to and use of Bullring’s website, dashboard, software, application programming interfaces, documentation, systems and related services.

Our collection and use of your personal information in connection with your use of our services are described in our Privacy Policy, which is incorporated into these Terms by reference.

Your access to and use of our services is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all customers, prospective customers, authorized users, visitors and any other person who accesses or uses our services. If you access or use our services on behalf of a company, partnership, organization or other legal entity, you represent and warrant that you have authority to bind that entity, and references to “you” include that entity.

Our website and services are not directed at you if we are prohibited by any law, regulation, sanctions program or regulatory requirement from making the website or services available to you, or if your use of the website or services would be contrary to any law or regulation applicable to you.

By accessing or using our services, creating an account, integrating our APIs, submitting an instruction, signing an order form or otherwise accepting these Terms, you agree to be bound by these Terms. If you disagree with any part of these Terms, then you may not access or use our services.

Bullring is not a bank, deposit-taking institution, broker, dealer, investment adviser, tax adviser or legal adviser. We do not provide banking, investment, legal, accounting or tax advice. Certain financial, payment, stablecoin, account, settlement, treasury or related services may be provided directly by Bullring, by a Bullring affiliate, or through licensed third-party banks, payment service providers, stablecoin issuers, on-ramp providers, off-ramp providers, liquidity providers and other regulated service providers.

Introduction

Bullring provides business-to-business payment infrastructure that allows eligible business customers to access payment, account, settlement, collection, payout, on-ramp, off-ramp, treasury and embedded finance services, subject to onboarding, jurisdictional availability, partner approval and applicable law. Bullring’s services are intended for business and commercial use only. They are not intended for personal, household or consumer use.

The services available to you may differ depending on your location, your customer profile, the Bullring entity or affiliate serving you, the applicable Third-Party Provider, the currency, the transaction type, the supported stablecoin or blockchain network, and any regulatory or compliance restrictions that apply.

Definitions

In these Terms:

“Account” means an account profile, dashboard, API access profile or other service account created for you on the Platform, including any records of your use of the Services.
“Applicable Laws” means all laws, regulations, regulatory guidance, sanctions requirements, anti-money laundering, counter-terrorist financing, anti-bribery, anti-corruption, data protection, payment services, financial services, virtual asset, consumer protection, tax and other legal requirements applicable to Bullring, you, the Services or any transaction. This includes, where applicable, the laws of the Province of British Columbia and the federal laws of Canada, and the laws and regulatory requirements of any jurisdiction in which you are incorporated, resident, established or operating, from which you access or use the Services, in which a Transaction is initiated, processed, received or settled, or in which any relevant customer, counterparty, beneficiary, Third-Party Provider, bank account, wallet, payment rail or regulated activity is located.
“Authorized User” means any employee, officer, contractor, agent or representative that you authorize to access the Platform or use the Services on your behalf.
“Bullring Content” means all content, materials, documentation, software, APIs, designs, logos, graphics, text, reports and information made available by Bullring through the Platform or Services.
“Customer”, “User” or “you” means any business, organisation, authorized representative or other person who accesses or uses the Platform or the Services.
“Third-Party Provider” means any bank, payment service provider, stablecoin issuer, wallet provider, liquidity provider, on-ramp provider, off-ramp provider, settlement provider, compliance provider, technology provider or other third party that supports, provides, processes or enables any part of the Services.
“Order Form” means any signed order form, commercial schedule, onboarding confirmation, statement of work, service level agreement, service confirmation or other written agreement between you and Bullring that references these Terms.
“Platform” means collectively Bullring’s website, dashboard, APIs, software, systems, documentation and other related applications or channels through which the Services are provided.
“Services” means all products and services provided or made available by Bullring, including account facilitation, cross-border payment infrastructure, on-ramp, off-ramp, payouts, collections, treasury-style products, APIs, compliance support, reporting and related services.
“Stablecoin” means USDC, USDT or any other supported digital asset designed to maintain a reference value against a fiat currency, as supported by Bullring or a Third-Party Provider from time to time.
“Transaction” means any payment, collection, conversion, payout, on-ramp, off-ramp, account instruction, transfer, settlement, stablecoin delivery or related instruction submitted through the Platform or otherwise processed in connection with the Services.
“Wallet” means a blockchain address, wallet address, digital asset wallet or similar destination designated by you or your authorized representative for the receipt, delivery or transfer of stablecoins or other supported digital assets.

Acceptance of Terms

The Services are offered subject to acceptance of all terms and conditions contained in these Terms and all operating rules, policies, procedures and product-specific terms that may be published on the Platform or provided to you in connection with the Services. Some Services may be subject to additional terms required by Bullring or a Third-Party Provider. Your use of those Services is subject to those additional terms, which are incorporated into these Terms by reference.

Where you have signed an Order Form, service order, commercial schedule, statement of work, service level agreement or separate written agreement with Bullring, that document shall apply together with these Terms. If there is any conflict between these Terms and that separate document, the separate document shall prevail to the extent of the conflict, unless it states otherwise.

Scope of Bullring’s Services

Bullring may provide you with access to business-to-business payment, settlement, treasury and embedded finance infrastructure through the Platform, including, without limitation, the following Services:

cross-border transfers, collections and payouts through fiat payment rails, stablecoin rails, or a combination of both;
local collections and local payouts in supported markets and currencies, including payments to suppliers, partners, contractors, merchants, customers and other approved beneficiaries;
multi-currency accounts, virtual accounts, collection accounts or payment accounts in supported currencies, including, where available, USD, CAD, BRL, EUR, GBP, NGN, GHS, ZMW, MXN, COP and such other currencies as Bullring may support from time to time;
on-ramp services, including the conversion of supported fiat currencies into supported stablecoins or other supported digital assets;
off-ramp services, including the conversion of supported stablecoins or other supported digital assets into supported fiat currencies and settlement to an approved bank account or payment account;
embedded finance APIs, including APIs for accounts, transfers, payouts, collections, settlement, on-ramp, off-ramp, treasury, savings, reconciliation, reporting and related payment infrastructure;
treasury-style, savings, yield, liquidity management or reserve products, including access to treasury-backed instruments, packages or related products made available through Bullring or Third-Party Providers;
card payment, merchant collection, payment acceptance or acquiring-related services, where such services are made available by Bullring or any applicable Third-Party Provider;
dashboard, API, webhook, sandbox, reporting, transaction monitoring, reconciliation and operational tools; and
any other product, feature, service, payment rail, currency, market, integration or functionality that Bullring may make available from time to time.

The availability of any Service, currency, payment rail, account type, stablecoin, blockchain network, wallet, jurisdiction, treasury product, API feature or Third-Party Provider integration may vary by customer, jurisdiction, onboarding status, transaction type, compliance approval, market conditions and Applicable Laws.

Certain Services may be provided, processed, issued, maintained, converted, redeemed, settled, safeguarded or supported by Third-Party Providers, including banks, payment service providers, stablecoin issuers, liquidity providers, card processors, on-ramp providers, off-ramp providers, settlement providers, compliance providers, technology providers and other regulated or authorised service providers.

Bullring’s role may include onboarding support, KYC, KYB, AML, CTF and sanctions screening, Transaction orchestration, customer servicing, technical access, API connectivity, reconciliation, reporting, compliance support and coordination with applicable Third-Party Providers.

Unless expressly stated otherwise in writing, Bullring does not hold customer funds or virtual assets, does not issue customer accounts on its own books, does not control account balances held with Third-Party Providers, does not custody stablecoins or other digital assets on your behalf, and does not act as principal counterparty to your Transactions.

Some Services may require separate onboarding, additional documentation, transaction approvals, Third-Party Provider approval, separate product terms, partner terms, risk disclosures, Transaction limits, settlement conditions, reserve requirements, prefunding requirements or other conditions before they can be accessed or used.

Bullring may modify, add, suspend, restrict, replace or remove any Service, feature, supported currency, supported stablecoin, supported blockchain network, supported payment rail, supported jurisdiction or Third-Party Provider integration at any time, subject to Applicable Laws and any separate written agreement with you.

The availability, timing, approval, processing, reversal, rejection, return, suspension or completion of any Service or Transaction may depend on Third-Party Providers, blockchain networks, banks, payment systems, liquidity providers, compliance checks, market conditions, regulatory requirements and Applicable Laws.

Eligibility & Business Use

You must be at least 18 years old and have legal capacity to enter into binding contracts to access or use the Services. By accessing or using the Platform, you represent and warrant that you are 18 or older and have the legal capacity and authority to enter into a contract.
If you use the Services on behalf of a business or organization, you represent and warrant that the business or organization is duly incorporated, validly existing, authorized to carry on its business, and that you have authority to bind it to these Terms.
Bullring may make access to the Platform and the Services, or certain features of the Platform, subject to eligibility criteria, onboarding approvals, Transaction limits, documentation requirements, jurisdictional restrictions or Third-Party Provider requirements.
Bullring may refuse to onboard any customer, decline any Service request, impose limits, restrict access, or discontinue providing Services where it considers it necessary or appropriate for legal, regulatory, risk, commercial, security, sanctions, AML, CTF, partner or operational reasons.
Bullring does not assume any responsibility for the confirmation of any User’s identity or ownership of a business. Notwithstanding the above, for transparency and as permitted by Applicable Laws, we may ask Users to provide a form of government identification or other information or undertake additional checks designed to help verify the identities or backgrounds of the Users and their ownership of the businesses.

Accounts

To access certain Services, all Users will be required to create an account on the Platform and provide such information as Bullring may request from time to time.
As part of the account creation and onboarding process, you may be required to provide information including your legal name, business name, registered address, contact details, email address, phone number, incorporation documents, UBO details or such other details which may be required by Bullring from time to time.
Bullring may create one or more administrator accounts for you and may permit you to designate Authorized Users who may access the Platform on your behalf. You are responsible for ensuring that each Authorized User has the appropriate authority, permissions and training to access and use the Platform and the Services.
Where Bullring grants you access to any API, developer dashboard, sandbox environment, live environment, webhook, access token, API key or other technical credential, such access shall be subject to Bullring’s approval, documentation, technical requirements, usage limits, security requirements and any additional instructions issued by Bullring from time to time.
You must provide accurate, complete and current information during account creation, onboarding and throughout your use of the Services. You must promptly update Bullring where any information previously provided becomes inaccurate, incomplete, misleading or outdated. Failure to do so constitutes a breach of these Terms and may result in delay, restriction, suspension or termination of the Services.
You are responsible for safeguarding all usernames, passwords, multi-factor authentication devices, administrator rights, API keys, access tokens, webhook credentials, dashboard credentials and other security credentials used in connection with the Platform or the Services.
You are responsible for all activities conducted through your account, API keys or authorized users, whether or not such activities were authorized by you, except to the extent caused by Bullring’s proven willful misconduct.
You shall not disclose, transfer, sell, lease, share or permit any unauthorised person to use your account, API keys, access tokens, passwords or other credentials. You must ensure that access is promptly revoked for any Authorised User who no longer requires access to the Platform or who is no longer authorised to act on your behalf.
You agree to strictly observe the security and authentication procedures of the Platform, including any password, multi-factor authentication, API security, IP whitelisting, callback URL, access control or Transaction approval process required by Bullring from time to time.
You must notify Bullring immediately if you become aware of or suspect any unauthorized access, credential compromise, security breach, suspicious activity, erroneous instruction, system compromise or other issue affecting your account, Authorized Users, API keys, access tokens, systems, wallets, bank accounts or Transactions.
Bullring may suspend, revoke, restrict or disable any account, API key, access token, credential, administrator right or Authorized User access where Bullring considers it necessary for security, compliance, fraud prevention, operational, regulatory, Third-Party Provider or risk management reasons.
You agree to log out from the Platform at the end of each session and to take all reasonable steps to prevent unauthorized access to the Platform, including by maintaining secure devices, secure networks, appropriate access controls and internal approval procedures.

User Obligation

In your use of our Services, you shall:

comply with all Applicable Laws, these Terms, Bullring’s policies, applicable Third-Party Provider requirements, and all instructions reasonably issued by Bullring from time to time;
provide accurate, complete and current information to Bullring, whether provided directly by you or through any third party authorised by you, and promptly update such information where it becomes inaccurate, incomplete, misleading or outdated;
use the Services only for lawful business purposes and only for the business activities, Transaction types, currencies, jurisdictions, customers, counterparties, bank accounts, wallets and use cases approved by Bullring;
maintain the confidentiality and security of your account credentials, administrator rights, passwords, API keys, access tokens, webhook credentials and other security credentials. You are responsible for all activities conducted through your account, API keys or Authorised Users;
notify Bullring immediately of any unauthorised access, security breach, credential compromise, suspicious activity, erroneous instruction or other issue affecting your account, systems, wallets, bank accounts, Transactions or use of the Services;
maintain appropriate internal controls, authorisation processes, cybersecurity measures, fraud prevention controls, compliance procedures and customer due diligence processes in connection with your use of the Services;
ensure that your customers, counterparties, beneficiaries, senders, recipients, bank accounts, wallets and Transactions are lawful and are not connected with sanctions, money laundering, terrorist financing, fraud, scams, prohibited goods or services, restricted jurisdictions or any other prohibited activity;
refrain from misusing the Services, including by providing false information, attempting to reverse engineer the Platform, exploiting or attempting to exploit any vulnerability, bypassing any security or compliance control, or interfering with the proper operation of the Platform;
cooperate with Bullring in connection with any compliance review, Transaction review, regulatory request, fraud investigation, dispute, security issue or risk assessment relating to your use of the Services; and
use the Services in a professional, ethical and responsible manner, and avoid any conduct that may disrupt, damage, overload, impair or negatively affect the Platform, the Services, Bullring, any Third-Party Provider or any other User.

KYC, KYB, Compliance and Information

You agree to provide all information, documents and confirmations reasonably requested by Bullring, its affiliates or applicable Third-Party Providers for onboarding, KYC, KYB, beneficial ownership verification, sanctions screening, PEP screening, adverse media screening, AML, CTF, fraud prevention, source of funds checks, source of wealth checks, transaction monitoring, regulatory reporting and ongoing compliance review.
You authorize Bullring and applicable Third-Party Providers to verify information provided by you using third-party databases, government records, public records, credit reference agencies, corporate registries, blockchain analytics providers, fraud prevention providers, sanctions screening providers and other lawful sources.
You must promptly notify Bullring of any material change to your business, ownership, control, directors, officers, authorized signatories, regulatory status, licenses, address, bank accounts, wallets, Transaction activity, source of funds, business model or other information previously provided to Bullring.
Bullring may request additional information at any time in relation to you, your authorised users, beneficial owners, customers, counterparties, Transactions, wallets, bank accounts, business activities, or any risk associated with your use of the Services.
Bullring may delay, reject, suspend, block, cancel, reverse, return, freeze or report any Transaction or account activity where required or permitted by Applicable Laws, Third-Party Provider requirements, sanctions requirements, regulatory direction, court order, law enforcement request, compliance review, fraud prevention review or Bullring’s internal risk controls.
Bullring shall not be obliged to disclose the reason for any compliance decision where disclosure may breach Applicable Laws, expose Bullring or a Third-Party Provider to legal or regulatory risk, compromise an investigation, or prejudice Bullring’s compliance controls.

Third-Party Providers

You acknowledge that certain Services are provided, processed, settled, issued, converted, redeemed, safeguarded, maintained or supported by Third-Party Providers.
Your use of any Third-Party Provider-supported feature may be subject to the approval, onboarding requirements, limits, cut-off times, settlement windows, policies, privacy notices and terms and conditions of the relevant Third-Party Provider.
Bullring is not responsible for any delay, rejection, hold, chargeback, reversal, account closure, settlement failure, network failure, service interruption or other act or omission of a Third-Party Provider, except to the extent caused by Bullring’s proven willful misconduct.
Where a Third-Party Provider’s terms apply to a Service, you agree to comply with those terms. If the Third-Party Provider’s terms conflict with these Terms in respect of that provider-supported feature, the Third-Party Provider’s terms shall prevail for that feature to the extent of the conflict.
Bullring may change, replace, suspend or remove any Third-Party Provider, supported jurisdiction, supported currency, supported stablecoin, supported wallet, supported blockchain network or supported payment rail at any time.

Customer Accounts

Where the Services include access to a bank account, payment account, virtual account or similar account, such account may be issued, held, maintained or provided by a Third-Party Provider and not by Bullring.
Account approval, account opening, account maintenance, settlement timing, Transaction posting, limits, holds, account closure and any related decision may be determined by the relevant Third-Party Provider, Applicable Laws, payment system rules or Bullring’s compliance and risk controls.
You must only use any account details issued to you for lawful business purposes approved by Bullring and the relevant Third-Party Provider. You must not sell, lease, assign, sublicense, share or misuse account details, virtual account numbers or payment instructions.
Any funds held in an account provided by a Third-Party Provider are subject to the terms, safeguards, insurance arrangements, insolvency position, fees and legal status applicable to that provider and that account. Bullring does not guarantee the availability of any deposit protection, insurance, compensation scheme or safeguarding arrangement unless expressly stated in writing by the relevant Third-Party Provider.

On-Ramp and Off-Ramp Transactions

Where available, on-ramp Services may allow you to convert supported fiat currency into supported stablecoins through Bullring, Bullring affiliates or applicable Third-Party Providers. Off-ramp Services may allow you to convert supported stablecoins into supported fiat currency and settle the fiat currency into a designated bank account.
You are solely responsible for ensuring that all bank account details, wallet addresses, blockchain networks, beneficiary details, reference numbers, memos, tags, payment purposes, settlement instructions and Transaction details submitted by you are complete and accurate.
Stablecoin delivery to an incorrect wallet address, unsupported network, incorrect memo or tag, sanctioned wallet, incompatible address, smart contract address or other incorrect destination may result in permanent loss, delay, rejection or non-recovery of funds or assets. Bullring shall not be liable for losses arising from incorrect instructions submitted by you or your authorized users.
Bullring may set minimum and maximum transaction limits, supported currencies, supported stablecoins, supported networks, cut-off times, processing windows, hold periods, reserve requirements, pre-funding requirements and settlement conditions.
Quotes, exchange rates, conversion rates, fees and spreads may change before a Transaction is completed. Any displayed or quoted rate may be valid only for the time stated, and Bullring may reject or reprice a Transaction where the rate expires, market conditions change, liquidity is unavailable, or compliance checks are not completed.

Customer Instructions and Transaction Finality

You authorize Bullring, its affiliates and applicable Third-Party Providers to act on any instruction submitted through your account, API keys, dashboard, authorized communication channel, order form or other approved method.
Bullring may treat any instruction submitted through your account, API keys or authorized users as valid, binding and authorized by you.
You must review all Transaction details before submission. Bullring is not responsible for errors, duplicate instructions, incorrect beneficiaries, incorrect wallet addresses, unsupported assets, unsupported networks, inaccurate payment references or other mistakes in instructions submitted by you.
A Transaction may not be cancelled, amended or reversed once submitted, accepted, processed, broadcast to a blockchain network, settled through a payment rail, or released to a Third-Party Provider. Any cancellation, amendment, reversal, refund or return is subject to Bullring’s ability to do so, Applicable Laws, Third-Party Provider rules, blockchain network rules and payment system rules.
Bullring may return funds or assets to the source account or wallet, net of applicable fees, costs, bank charges, blockchain network fees, conversion losses and other deductions, where a Transaction is rejected, reversed, cancelled or cannot be completed.

Stablecoins, Blockchains and Supported Assets

You acknowledge that stablecoins and blockchain networks involve risks that are different from traditional payment systems, including issuer risk, redemption risk, reserve risk, de-pegging risk, network congestion, Transaction finality, network fees, forks, smart contract risk, cybersecurity risk, blacklisting, freezing, regulatory change and loss of access to wallets or private keys.
Bullring does not operate, control or guarantee any blockchain network, stablecoin issuer, wallet provider, liquidity venue, smart contract, validator, miner, payment rail or third-party digital asset infrastructure.
Stablecoins are not legal tender and may not be insured, protected, guaranteed or redeemable on demand except as stated by the relevant issuer or Third-Party Provider. Bullring does not guarantee that any stablecoin will maintain its intended value or remain available for use, transfer, redemption or conversion.
Bullring may add, remove, suspend or restrict any supported stablecoin, blockchain network, wallet type or digital asset at any time for legal, regulatory, provider, risk, security, market or operational reasons.

Treasury, Savings or Yield Products

Where Bullring makes any treasury-style, savings, yield, reserve, liquidity or similar product available, such product may be provided by a Third-Party Provider and may be subject to separate terms, risk disclosures, eligibility criteria, lock-up periods, withdrawal conditions, fees, market risks, counterparty risks and regulatory restrictions.
Any yield, return, interest, rate or projected benefit displayed or communicated through the Platform is not guaranteed, may change at any time, and may be subject to fees, deductions, provider terms and market conditions.
Bullring does not provide investment advice, portfolio management, tax advice or a recommendation to enter into any treasury, savings, yield or similar product. You are responsible for obtaining your own independent advice before using any such Service.

Fees & Charges

You agree to pay all fees, charges, spreads, commissions, subscription fees, implementation fees, transaction fees, conversion fees, withdrawal fees, bank charges, blockchain network fees, gas fees, provider fees, taxes and other amounts applicable to your use of the Services.
Applicable fees may be displayed on the Platform, stated in an Order Form, included in a quote, notified to you by Bullring, or embedded in the applicable conversion rate or spread.
Bullring may change its fees, pricing methods, supported rates or spreads from time to time, subject to any separate written agreement with you.
You are responsible for all taxes, duties, levies, withholdings, filings and reporting obligations arising from your use of the Services. Bullring may deduct, withhold, set off or collect any amount required by Applicable Laws, Third-Party Provider requirements or these Terms.
If you fail to pay any amount due to Bullring, Bullring may suspend your access to the Services, charge interest to the fullest extent permitted by law, recover collection costs, and set off amounts owed by you against any amounts payable to you where permitted by law.

APIs and Developer Access

Where Bullring provides access to APIs, developer tools, documentation, sandbox environments, webhooks or integrations, you must use them only in accordance with these Terms, the applicable documentation and any additional instructions provided by Bullring.
You are responsible for the security, development, testing, monitoring and lawful operation of your applications, systems and integrations. You must implement appropriate access controls, encryption, logging, rate limits, authentication, customer consent flows, incident response processes and fraud prevention measures.
You must not interfere with, disrupt, overload, scrape, reverse engineer, decompile, bypass, copy or misuse the Platform, APIs, documentation, security controls or related systems.
Bullring may throttle, suspend, revoke, rotate or terminate API keys, access tokens, webhooks or integration access at any time for security, compliance, operational, performance, abuse, fraud, risk or legal reasons.
Any sandbox, testing, beta, pilot or trial service is provided on an “as is” and “as available” basis, may contain errors, may be changed or discontinued at any time, and should not be used in production unless Bullring expressly permits it in writing.

Prohibited Activities

You shall not use the Platform or the Services for any purpose that is prohibited by these Terms, Applicable Laws, sanctions requirements, Third-Party Provider requirements or Bullring’s risk policies.
You shall not use the Services, directly or indirectly, in connection with: illegal activity; sanctions violations; money laundering; terrorist financing; human trafficking; fraud; scams; deceptive practices; ransomware; extortion; darknet markets; mixers or tumblers; evasion of law enforcement; market manipulation; counterfeit goods; stolen goods; unlicensed financial services; unlawful gambling; weapons; narcotics; controlled substances; pseudo-pharmaceuticals; adult or sexual services; intellectual property infringement; or any activity Bullring considers high-risk or unsuitable.
You shall not attempt to bypass transaction limits, onboarding requirements, compliance controls, sanctions screening, security controls, fees, monitoring tools or technical restrictions.
You shall not use the Platform to upload malware, disrupt systems, send spam, scrape data, impersonate any person, misrepresent your affiliation, infringe third-party rights, or interfere with the operation of the Services.
Bullring may determine, in its sole discretion and without liability, whether an activity is prohibited, high-risk, unlawful, harmful, inconsistent with these Terms, or unacceptable to Bullring or any Third-Party Provider.

Data Protection

You agree that Bullring may collect, use, process, retain, disclose and transfer information about you, your authorised users, beneficial owners, directors, officers, customers, counterparties, beneficiaries, wallets, bank accounts, Transactions and use of the Services in accordance with these Terms and our Privacy Policy.
You authorise Bullring to share KYC, KYB, Transaction, compliance, risk, wallet, bank account and related information with Bullring affiliates, Third-Party Providers, verification providers, sanctions screening providers, blockchain analytics providers, auditors, professional advisers, regulators, law enforcement agencies, courts and other persons where necessary to provide the Services, comply with Applicable Laws, manage risk, prevent fraud, or enforce these Terms.
Where you provide personal information relating to any authorised user, beneficial owner, customer, counterparty, beneficiary or other individual, you represent and warrant that you have provided all required notices, obtained all required consents, and have a lawful basis to provide that information to Bullring for the purposes described in these Terms and our Privacy Policy.
You acknowledge that Bullring and applicable Third-Party Providers may retain customer identification records, Transaction records, supporting documents and related information for as long as required or permitted by Applicable Laws, regulatory requirements, Financial Partner requirements, internal compliance policies, dispute resolution, audit or legal purposes.

Intellectual Property

The Platform, Services, documentation, software, APIs, designs, text, graphics, logos, trade names, service marks, trademarks, content, reports and all related intellectual property rights are and will remain the exclusive property of Bullring, its affiliates or its licensors.
Subject to your compliance with these Terms, Bullring grants you a limited, non-exclusive, non-transferable, non-sublicensable and revocable licence to access and use the Platform and Services solely for your approved internal business purposes.
You shall not copy, modify, adapt, translate, create derivative works from, sell, lease, sublicense, distribute, decompile, disassemble, reverse engineer, scrape, frame, mirror, benchmark or otherwise exploit the Platform, Services, APIs or documentation except as expressly permitted by Bullring in writing.
Nothing in these Terms transfers any intellectual property right in the Platform, Services or Bullring Content to you.

Feedback and Submissions

We welcome and encourage you to provide feedback, comments and suggestions for improvements to Bullring’s Platform or Services.
Any feedback, suggestion, comment, review, testimonial, case study input or other submission you provide to Bullring shall be treated as non-confidential and non-proprietary unless expressly agreed otherwise in writing.
By providing any feedback or submission, you grant Bullring a worldwide, perpetual, irrevocable, royalty-free, transferable and sublicensable license to use, reproduce, modify, publish, distribute, display and exploit such feedback or submission for any lawful business purpose without compensation to you.

Suspension, Holds, Account Closure and Termination

Bullring may suspend, restrict, delay, hold, block, terminate or close your access to the Services immediately where Bullring reasonably believes that: you have breached these Terms; you have failed compliance checks; your information is inaccurate or incomplete; your activity creates legal, regulatory, sanctions, AML, CTF, fraud, credit, operational, reputational or security risk; a Third-Party Provider requires it; or Applicable Laws require or permit it.
Bullring may also suspend or restrict your access to the Services during maintenance, technical incidents, security incidents, provider outages, regulatory reviews, investigations, disputes or suspected unauthorized access.
You may stop using the Services at any time, subject to completing all outstanding Transactions, paying all amounts owed, satisfying all compliance requests, and complying with any continuing obligations under these Terms.
Termination or closure of your account shall not affect any accrued rights, outstanding obligations, fees, indemnities, compliance obligations, data retention obligations, confidentiality obligations, limitations of liability or provisions that by their nature should survive termination.

Service Availability and Changes

The Services may be unavailable, delayed, degraded or interrupted from time to time due to maintenance, upgrades, outages, network failures, blockchain congestion, Third-Party Provider issues, regulatory requirements, security incidents, force majeure events or other matters beyond Bullring’s reasonable control.
Bullring does not warrant that the Services will be uninterrupted, error-free, secure, available in every jurisdiction, available at any particular time, or compatible with every system, network, currency, stablecoin, wallet or blockchain.
Bullring may change, improve, update, remove, discontinue or restrict any feature, functionality, supported currency, supported jurisdiction, supported stablecoin, supported network or provider integration at any time, subject to Applicable Laws and any separate written agreement with you.

Confidentiality

Each party may receive non-public, confidential or proprietary information from the other party in connection with the Services. Each party shall protect the other party’s confidential information using reasonable care and shall not disclose it except as permitted by these Terms or required by law.
Bullring may disclose your confidential information to its affiliates, Third-Party Providers, employees, contractors, professional advisers, auditors, regulators, law enforcement agencies and other persons where necessary to provide the Services, comply with Applicable Laws, manage risk, prevent fraud, enforce these Terms or protect Bullring’s rights.
Confidentiality obligations do not apply to information that is publicly available, already known without confidentiality obligation, independently developed, lawfully received from a third party, or required to be disclosed by law, regulator, court order or competent authority.

Links to Other Websites and Products

The Platform may contain links to third-party websites, products, services, documentation or resources that are not owned or controlled by Bullring.
Bullring has no control over and assumes no responsibility for the content, privacy policies, terms, security or practices of any third-party websites or services. You access any third-party website, product or service at your own risk.
You should read the terms and privacy policies of any third-party website, product or service before using it.

Indemnity

You agree to indemnify and hold harmless Bullring, its affiliates, subsidiaries, officers, directors, employees, contractors, agents and Third-Party Providers against all liabilities, costs, expenses, damages and losses, including reasonable legal and professional costs, suffered or incurred as a result of:

your breach of these Terms, any order form, any Third-Party Provider terms or Applicable Laws;
your fraudulent, negligent, unlawful or unauthorized use of the Platform or Services;
any inaccurate, incomplete, misleading or outdated information provided by you or on your behalf;
any Transaction, instruction, wallet address, bank account, beneficiary, customer, counterparty, product, service or business activity connected to your use of the Services;
your failure to obtain required licenses, consents, authorizations, notices or approvals;
any claim by your customers, counterparties, beneficiaries, authorized users or other third parties arising from your use of the Services; or
any tax, duty, levy, withholding, reporting, filing or regulatory obligation arising from your use of the Services.

Limitation of Liability

To the fullest extent permitted by law, Bullring, its affiliates, subsidiaries, officers, directors, employees, contractors, agents and Third-Party Providers shall not be liable for any indirect, incidental, special, punitive, exemplary or consequential damages, loss of profit, loss of revenue, loss of business, loss of goodwill, loss of data, loss of opportunity, business interruption, trading loss, market movement, de-pegging, blockchain network issue, partner failure, or loss arising from your use of or inability to use the Services.
To the fullest extent permitted by law, Bullring’s aggregate liability arising out of or in connection with these Terms or the Services shall not exceed the fees paid by you to Bullring for the Services in the three (3) months immediately preceding the event giving rise to the claim. For this purpose, fees exclude pass-through amounts, transaction principal, taxes, bank charges, network fees, provider fees and amounts paid to third parties.
Nothing in these Terms excludes or limits liability for fraud, willful misconduct, or any liability that cannot be excluded or limited under Applicable Laws.

Disclaimer

Your use of the Platform and Services is at your sole risk. The Platform and Services are provided on an “as is” and “as available” basis without warranties of any kind, whether express, implied, statutory or otherwise.
Bullring disclaims all warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, availability, reliability, security, uninterrupted use, error-free operation, regulatory suitability and suitability for your specific business, use case or jurisdiction.
Bullring does not warrant that any account, Transaction, conversion, settlement, payout, on-ramp, off-ramp, stablecoin transfer, treasury product, yield product, API request or provider-supported service will be approved, completed, settled or available within any particular time.
You acknowledge that payments, stablecoins, digital assets, blockchain networks, foreign exchange, settlement systems, banking rails and provider-supported services involve risks, and you are responsible for assessing whether the Services are suitable for your business.

Electronic Communications and Notices

You consent to receive electronic communications, notices, disclosures, statements, invoices, confirmations, agreements and records from Bullring and applicable Third-Party Providers by email, dashboard notification, API message, website posting or other electronic means.
You must maintain a valid email address, internet access and the ability to view and retain electronic records. You are responsible for promptly reviewing all communications from Bullring and notifying Bullring of any error, unauthorized activity or dispute.
Unless a shorter period is required by Applicable Laws or stated in a separate written agreement, you must notify Bullring of any transaction error, unauthorized transaction, fee dispute or account discrepancy within thirty (30) days of the relevant transaction, statement, notification or event.

Governing Law and Dispute Resolution

Unless an order form or separate written agreement states otherwise, these Terms shall be governed, construed and interpreted in accordance with the laws of England and Wales without giving effect to any principles of conflict of laws (whether of the Province of British Columbia and the federal laws of Canada or any other jurisdiction) that would result in the application of the law of any other jurisdiction.
The parties shall first attempt in good faith to resolve any dispute arising out of or in connection with these Terms or the Services through negotiation within thirty (30) days of written notice of the dispute.
If the dispute is not resolved by negotiation, any dispute or difference whatsoever that might arise from the performance or to the meaning of this Agreement or as to any matter or items of whatsoever nature howsoever arising out of or in. Nothing in this clause prevents Bullring from seeking urgent injunctive, protective or equitable relief in any court of competent jurisdiction.

Miscellaneous

These Terms, together with any applicable order form, Privacy Policy, product terms, provider terms and policies incorporated by reference, constitute the entire agreement between you and Bullring regarding the Services and supersede any prior agreement, understanding or communication relating to the Services.
If any provision of these Terms is held to be invalid, illegal or unenforceable, the remaining provisions shall remain in full force and effect.
No failure or delay by Bullring in exercising any right under these Terms shall operate as a waiver of that right.
The headings in these Terms are for convenience only and shall not affect interpretation.
Any reference to “including” shall be interpreted as “including without limitation”.

Changes to Terms

Bullring reserves the right, in its sole discretion, to update these Terms from time to time to reflect changes to the Services, Applicable Laws, Third-Party Provider requirements, risk controls, business operations or other relevant circumstances.
Where required, Bullring will provide reasonable notice of material changes by email, dashboard notification, website posting or other appropriate means.
By continuing to access or use the Services after the effective date of any updated Terms, you accept the updated Terms. If you do not agree to the updated Terms, you must stop using the Services before the effective date of the changes.
Bullring will update the “Last Updated” date at the bottom of these Terms when changes are made.

Contact Us

If you have any questions about these Terms, please contact us at Hello@bullring.finance.

Teso Pay Inc. d/b/a Bullring Finance
2300 2850 Shaughnessy Street
Port Coquitlam, British Columbia V3C 6K5
Canada