Terms of Service

Terms and Conditions

Please read these terms and conditions carefully before using the website.

1. Terms of website use

These terms & conditions of use provides you with the terms of use on which you may make use of our website finmo.net (‘our website’), whether as a guest or a registered user. Use of our website includes accessing, browsing, or registering to use our site. Please read these terms of use carefully before you start to use our website. By using our website, you confirm that you accept these terms of use and that you agree to comply with them. If you do not agree to these terms of use, you must not use our website.

2. Other applicable terms

The following terms also apply to your use of our website: Our Privacy Policy, which sets out the terms on which we process any personal data we collect from you, or that you provide to us. By using our website, you consent to such processing and you warrant that all data provided by you is accurate.
Our disclaimer, which sets out our limitation of liability and confidentiality requirements for using our website. [If you purchase services from our website, our Merchant Services Agreement (MSA) will apply to the sales.]

3. Licenses and Registrations

www.finmo.net is a website operated by Finmo Tech Pte Ltd (“we / Finmo”). We are regulated in a many countries and are constantly updating our regulatory status on a periodic basis.

Australia

Paynow Technology Pty Ltd trading as Finmo Tech (ABN: 66 642 442 215) holds an Australian Financial Services Licence (AFSL number: 535371).

Finmo Tech is also a registered independent remittance business (AUSTRAC registration no: IND100723324-001) and a registered Digital Currency Exchange provider (AUSTRAC registration no: DCE100723324-001).

New Zealand

Paynow Technology Pty Ltd trading as Finmo Tech (ABN: 66 642 442 215) holds a Financial Service Provider License (FSP No: FSP1003815)

Singapore

Finmo Tech Pte. Ltd. (Finmo) holds a Major Payment Institution (MPI) Licence issued by the Monetary Authority of Singapore (MAS), which allows us to provide e-money issuance services, account issuance services, merchant acquisition, cross border and domestic money transfer services. (Licence number: PS20200640)

In accordance with the applicable laws and regulations (including PSN08), Finmo is required to provide the following disclosures:

Notice for Non-Singapore Residents: Finmo Tech Pte. Ltd. is licensed by the Monetary Authority of Singapore to provide e-money issuance services. Please note that this does not mean you will be able to recover all the money you paid to Finmo Tech Pte. Ltd. if Finmo Tech Pte. Ltd.’s business fails.”

Hours of Business Operations: Our working hours in Singapore are from 9am SGT to 6pm SGT (Mon to Friday) excluding Public Holidays.

United States of America (USA)

Finmo LLC is registered as a Money Service Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury. (MSB Registration Number: 31000248116829)

4. Changes to these terms

We may revise these terms of use at any time by amending this page. Please check this page from time to time to take notice of any changes we made, as they are binding on you.

5. Information on our website and changes to it

The information contained in this website is for general information purposes only. We endeavour to keep the information published on our website up to date and correct, however we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

6. Your account and password

If you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential. You must not disclose it to any third party.

We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our reasonable opinion you have failed to comply with any of the provisions of these terms of use.

If you know or suspect that anyone other than you knows your user identification code or password, you must promptly notify us at info@finmo.net.

7. Privacy

Our overriding objective is to handle all data fairly and securely. Any information you give us about yourself will be stored on our systems and may be disclosed to, processed and used by us, and the other companies that assist us in providing our services in accordance with our Privacy Policy.

8. Intellectual property rights

We are the owner or the licensee of all intellectual property rights in our website, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.

You may print or download extracts of any page(s) from our website for your personal use and you may draw the attention of others within your organisation to content posted on our website.

You must not modify in any way the paper or digital copies of any materials you have printed off or downloaded, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.
Our status (and that of any identified contributors) as the authors of content on our website must always be acknowledged.

You must not use any part of the content on our website for commercial purposes without obtaining a licence to do so from us or our licensors.

If you print off, copy or download any part of our website in breach of these terms of use, your right to use our website will cease immediately and you must, at our option, return or destroy any copies of the materials you have made.

9. Limitation of our liability

Nothing in these terms of use excludes or limits our liability for death or personal injury arising from our negligence, or our fraud or fraudulent misrepresentation, or any other liability that cannot be excluded or limited by English law.

To the extent permitted by law, we exclude all conditions, warranties, representations or other terms which may apply to our website or any content on it, whether express or implied.

We will not be liable to any user for any loss or damage, whether in contract, tort (including negligence), breach of statutory duty, or otherwise, even if foreseeable, arising under or in connection with:

• use of, or inability to use, our website ; or
• use of or reliance on any content displayed on our website.

Please note that in particular, we will not be liable for:

• loss of profits, sales, business, or revenue;
• business interruption;
• loss of anticipated savings;
• loss of business opportunity, goodwill or reputation; or
• any indirect or consequential loss or damage.

We will not be liable for any loss or damage caused by a virus, distributed denial-of-service attack, or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our website or to your downloading of any content on it, or on any website linked to it.

We assume no responsibility for the content of websites linked to our website. Such links should not be interpreted as endorsements by us of those linked websites. We will not be liable for any loss or damage that may arise from your use of them.

Different limitations and exclusions of liability will apply to liability arising as a result of the supply of any goods by us to you, which will be set out in our Merchant Service Agreement (MSA).

10. Viruses

We are the owner or the licensee of all intellectual property rights in our website, and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.

You may print or download extracts of any page(s) from our website for your personal use and you may draw the attention of others within your organisation to content posted on our website.

You must not modify in any way the paper or digital copies of any materials you have printed off or downloaded, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.
Our status (and that of any identified contributors) as the authors of content on our website must always be acknowledged.

You must not use any part of the content on our website for commercial purposes without obtaining a licence to do so from us or our licensors.
If you print off, copy or download any part of our website in breach of these terms of use, your right to use our website will cease immediately and you must, at our option, return or destroy any copies of the materials you have made.

11. Linking to our website

You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it.

You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.

You must not establish a link to our website in any website that is not owned by you.
Our website must not be framed on any other website, nor may you create a link to any part of our website other than the home page.

We reserve the right to withdraw linking permission without notice.

12. Third party links and resources in our website

Where our website contains links to other websites and resources provided by third parties, these links are provided for your information only. We have no control over the contents of those websites or resources. For merchants who wish to use our services in the United States, the terms and conditions of our local partner, Checkbook Inc., shall apply. By using such services, you will be deemed to have read, accepted and agreed to the terms and conditions mentioned here: marketplace agreement

13. Transaction Disputes

You acknowledge that a Transaction Funds Reversal, Refund or dispute may result in a return of part or all of the Purchase Price to the Buyer, Card Network or financial institution requesting the reversal.
If a Transaction is disputed, or a Transaction Funds Reversal or Refund is being sought, You will be fully liable for the dispute, reversal or refund of the Purchase Price and any associated fees or fines and You agree:

• to be bound by any payment industry or banking rules and regulations applicable to the dispute, Transaction Funds Reversal or Refund;
• to take all reasonable action to resolve any dispute in a timely manner including a dispute involving a Transaction Funds Reversal or Refund;
• to provide, and instruct Finmo to provide, timely assistance and reasonable information to the Platform Provider, the Card Network, Finmo’s processor or any financial institution in relation to any dispute, Transaction Funds Reversal or Refund;
• that if the payment industry or banking rules and regulations require the Transaction Funds Reversal, Finmo is instructed by You, without further notice, to give effect to the reversal by holding an amount in our bank account to cover the reversal, restricting Your access to the funds in Our bank account, debiting the Transaction Funds Reversal amount and any associated fees or fines from Our bank account (or direct debiting Your Account for an amount covering the Transaction Funds Reversal), and adjusting your Payin Wallet to reflect the reversal;
• that if a Refund is being sought, to provide timely instructions directly to Finmo in relation to the Refund.

Finmo assumes no liability for any Transaction Funds Reversal, Refund or dispute and You agree to hold harmless Finmo for acting in accordance with our Merchant Services Agreement (MSA). You also agree to indemnify Finmo for any Transaction Funds Reversal, Refund or dispute and any associated fees or fines.
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Finmo may take any legal action against you to enforce its indemnity or otherwise recover any funds from you in relation to any Refund or Transaction Funds Reversal. You acknowledge and agree that Finmo may delay or reject Transactions that Finmo considers potentially fraudulent or unauthorised.

14. Anti-Fraud and Acceptable Use

Notwithstanding all the foregoing, by utilizing our platform or any of our services, you agree to adhere to the following terms and conditions. Finmo operates as a licensed payment service provider in multiple jurisdictions, and these terms apply to all users regardless of location.

Acceptable Use Requirements

You shall only use our services for legitimate purposes that comply with:

• All applicable laws and regulations in your jurisdiction and ours
• The specific licenses held by Finmo (covered in point #3 above) as a payment service provider
• All applicable payment industry and banking rules and regulations, including but not limited to card network rules, banking compliance requirements, and financial services regulations
• These Terms & Conditions and any additional policies we may establish

Any use of the platform outside these parameters constitutes a material breach of the terms and conditions.

Prohibited Activities - Fraud and Scam Prevention

You expressly agree that you shall NOT use Finmo's platform for any purpose that constitutes, facilitates, or enables fraud, scams, or illegal payment activities, including but not limited to:

Fraudulent Transactions

• Processing payments that you know or reasonably suspect to be fraudulent
• Facilitating transactions where authorization was obtained through fraud, deception, or misrepresentation
• Processing payments with forged, stolen, or unauthorized payment credentials
• Engaging in any form of payment fraud, including card-not-present fraud, identity theft, or account takeover

Scam Activities

• Operating or facilitating advance fee scams, romance scams, or investment fraud schemes
• Processing payments for pyramid schemes, Ponzi schemes, or other fraudulent investment opportunities
• Facilitating phishing operations or social engineering attacks
• Processing payments for fake goods, services, or non-existent products

Unauthorized and Suspicious Activities

• Processing transactions that were not originated from legitimate agreements between you and your customers
• Continuing to process payments after becoming aware of suspicious or potentially fraudulent activity
• Failing to implement reasonable fraud prevention measures in your business operations
• Processing payments that violate anti-money laundering (AML) or know-your-customer (KYC) requirements

Technical Security Requirements

You shall not perform or permit any actions that:

• Compromise the security, integrity, or performance of our's Services
• Result in degraded service quality for other users of the platform
• Violate applicable cybersecurity, hacking, or computer crime laws
• Attempt to gain unauthorized access to our systems or other users' accounts

Compliance and Monitoring

You acknowledge and agree that:

• Finmo reserves the right to monitor transactions for compliance with these terms
• You must immediately report any suspected fraudulent activity to us
• You will cooperate fully with any investigations related to fraud or security incidents
• Finmo may share information with law enforcement and regulatory authorities as required by law

Consequences of Violation

Failure to comply with any provision of this section may result in:

• Immediate suspension or termination of your access to Finmo’s services
• Withholding of funds pending investigation
• Return of funds to the original sender or rightful owner
• Debiting your account for the full amount of any invalid, fraudulent, or unauthorized transactions, plus applicable fees and penalties
• Reporting to relevant law enforcement, regulatory authorities and financial institutions and complying with any instructions applicable under any relevant law
• Legal action to recover damages and costs
• Permanent ban from using Finmo's Services

Finmo reserves the right to terminate services immediately upon written notice if any violation is detected or reasonably suspected.

Indemnification

You agree to indemnify and hold harmless Finmo from any claims, damages, losses, or expenses arising from your violation of these anti-fraud provisions or your use of the Services for any prohibited purpose.

These terms are binding and enforceable to the fullest extent permitted by law in all jurisdictions where Finmo operates.

15. Contact us

To contact us in relation to these terms of use, please email info@finmo.net.

Compliance Statement

It is our policy and obligation to comply with all the applicable regulatory requirements when providing services to our customers. The provision of the payment services in Australia and Singapore (as well as anywhere else we target) are subject to constant change and we will ensure our systems and controls remain compliant and up to date.

In Australia, Paynow Technology Pty Ltd trading as Finmo Tech (ABN: 66 642 442 215) holds an Australian Financial Services Licence (AFSL number: 535371) and is a registered independent remittance business with AUSTRAC (registration no: IND100723324-001)

In Singapore, Finmo Tech operates under Finmo Tech Pte Ltd and has received In-principle approval for a Major Payment Institution (MPI) Licence with the Monetary Authority of Singapore (MAS).

Prohibited and Restricted Lines of Business

You may not use the finmo.net service for activities that:

• Are inappropriate content, goods or services that promote, cause or further Hate/Violence/Racism/Religious persecution;
• Drug paraphernalia
• Drugs / Illicit substances, steroids and certain controlled substances or other products that present a risk to consumer safety;
• Encourage, promote, facilitate or instruct others to engage in illegal activity;
• Infringe any duly registered copyrights/trademarks or other violation of intellectual property rights;
• Involve the sale of products or services identified by government agencies to have a high likelihood of being fraudulent;
• Involve offering or receiving payments for the purpose of bribery or corruption
• Pyramid or ponzi schemes.
• Relate to the sale of dangerous or hazardous goods;
• Sale of government ID’s or documents
• Stolen goods including digital and virtual goods
• Transactions involving fraudulent / deceptive marketing practices
• Violate any law, statute, ordinance or regulation;
• Weapons, firearms and ammunitions;

Activities Requiring Approval

Finmo requires pre-approval to accept payments for certain services as detailed below:

• Delivery of future services including airlines, travel agencies and hotel bookings and event ticketing
• Collecting donations as a charity or non-profit organization
• Any form debt and loan related businesses,
• Internet pharmacies (including referral sites) or prescription drugs/devices;
• Virtual currencies including but not limited to Bitcoin and Bitcoin exchanges;
• Adult material such as legal pornography sites and other adult materials
• Dealing in jewels, precious metals and stones
• Acting as a money transmitter or selling stored value cards; selling stocks, bonds, securities, options, futures (forex) or an investment interest in any entity or property or providing escrow services;
• Selling alcoholic beverages, e-cigarette devices and non-cigarette tobacco products;
• Activities involving gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, fantasy sports, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not legally defined as gambling) and sweepstakes, if the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.

Violations of the Acceptable Use Policy

We encourage you to report violations of this Acceptable Use Policy to finmo.net immediately. If you have a question about whether a type of transaction may violate the Acceptable Use Policy, you can email us at info@finmo.net.

Infringement Reporting Policy

It is our policy to take appropriate action where necessary to remove from our services or to disallow the use of our services in connection with material that is claimed to be infringing. If you are an intellectual property rights owner and you believe a website or a webpage using our services sells, offers for sale, makes available goods and/or services, or otherwise includes content or materials that infringe your intellectual property rights, then please contact us at info@finmo.net.

Anti-Money Laundering Policy Statement

It is our policy and obligation to comply with the anti-money laundering legal and regulatory requirements that apply to our business. As a regulated group, Finmo is subject to a variety of Anti-Money Laundering, Terrorist Financing and other relevant regulations in the countries it operates.

As an example, Finmo is required to meet, among others, the following broad legal requirements:

• Understand and interpret the legal and regulatory framework in any countries it operates in;
• Understand standard industry best practice in AML/CTF procedures and proportionate risk-based approach;
• Design and implement the systems and controls necessary to mitigate the risk of being used in connection with money laundering or financing terrorism.
• Finmo’s AML/CTF legal obligations include among others:
• Verifying its customers’ (including beneficial owners’) identity, address and other particulars;
• Keep full records of all transactions together with identification provided;
• Monitor any unusual or suspicious transactions of any size;
• Report any suspicious transaction to the relevant local regulator.

Fee Schedule

Finmo operates on a transparent, tiered subscription model that provides access to platform features based on your selected plan. Your subscription covers platform usage, product updates, and support as defined under your chosen tier.

For complete details, please refer to our Pricing & Subscription Plans.

Complaints Handling Policy

• Our policy
  Finmo is committed to providing the highest level of care to all our customers. If you feel that our service has not met your expectations, then please tell us. Customer complaints are important to our organisation. They offer specific insights into how we might improve our services, processes and procedures.
• What to do if you have a complaint?
  Please contact us at compliance@finmo.net, detailing the nature of your complaint and providing all relevant information and your contact details. To ensure that your complaint is resolved as soon as possible, please outline any steps you would like us to take in addressing the issue.
• Our complaints procedure
  • Once a complaint has been received, we will acknowledge it and aim to resolve it as quickly as possible. The length of time will depend on the nature of the issues involved. Should a delay occur, we will contact you explaining the reason for the delay and outline the next steps.
  • If you have received an offer of remedial action or redress from us in response to a complaint you have submitted, and if you consider it to be acceptable, please let us know so that we can comply promptly with it.
• If you are not satisfied with our response
  If you are not satisfied with our final response, you might be entitled to refer it to the relevant local Ombudsman Service, but you must do this within six month of our final response.