This Business Account Addendum (“Addendum”) is incorporated into and made a part of the ThirdPay Terms of Service (“Terms”) between you (“Business Account User,” "you") and ThirdPay Innovations Inc. (“ThirdPay,” "we"). Capitalized terms not defined here have the meaning given to them in the Terms.
1. Business Account Eligibility and KYB Requirements
You must complete ThirdPay’s business onboarding process, including providing information and documentation about your legal entity, ownership structure, and operations, to our satisfaction (“KYB Documentation”).
You agree to:
- Provide accurate, complete, and up-to-date KYB Documentation
- Promptly update ThirdPay if any submitted information changes
- Cooperate with any requests for additional due diligence, audits, or compliance checks
We may suspend or restrict Services if we cannot verify your business or if risk assessments materially change.
2. Account Management and Custody
You control your own self-custodial account. ThirdPay does not hold custody of your digital assets or private keys. You are solely responsible for maintaining access credentials and backup copies.
3. On-Chain Activity and Transparency
Your account activity will be recorded on the Solana blockchain and is publicly visible. Blockchain transactions are irreversible, final, and outside of ThirdPay’s control.
4. Business Fees
Your applicable subscription fees, transaction commissions, yield-sharing rates, and any other fees are set forth in a separate signed Order Form executed between you and ThirdPay.
No changes to fees will apply unless agreed in writing.
5. Concierge Services for On-/Off-Ramping
ThirdPay offers optional support for on-/off-ramping fiat funds into and out of your self-custodial account via third-party providers. These services are discretionary, subject to separate coordination, and governed by ThirdPay’s concierge terms.
ThirdPay does not guarantee liquidity, exchange rates, speed of settlement, or availability of fiat channels.
6. Yield and Treasury Services
If you opt into digital asset yield programs offered through ThirdPay, you:
- Acknowledge that yield rates fluctuate and are not guaranteed
- Accept all associated smart contract, liquidity, and counterparty risks
- Agree to terms outlined separately at time of enrollment
ThirdPay may receive a portion of any yield earned as compensation, per your signed Fee Schedule.
7. Compliance Acknowledgment
You acknowledge that ThirdPay is not a licensed money services business (MSB) or investment adviser, and that you are solely responsible for:
- Your own tax reporting and regulatory obligations
- Compliance with your local laws and regulations
- Ensuring that your use of the Services does not violate any applicable laws
8. Marketing and Publicity
ThirdPay may reference and identify you (the Business Account user) as a customer on our website, sales materials, and other marketing collateral, unless you notify us in writing requesting removal.
ThirdPay agrees to cease such public references within a commercially reasonable time after receipt of such written notice.
9. Termination
ThirdPay reserves the right to suspend or terminate Business Account access:
- For violation of the Terms, this Addendum, or applicable law
- If your risk profile materially changes based on KYB reassessment or regulatory updates
10. Additional Terms
In case of conflict between this Addendum and the Terms, this Addendum controls for Business Account use.
For questions regarding this Addendum, contact hello@thirdpay.io.