Payconiq terms and conditions agreement

Payconiq Specific Terms and Conditions

1. Payconiq is a mobile solution, which encompasses several omni-channel payment services and/or technical services; and the Payconiq "Dynamic QR" proposition, which can be used both online and instore.
2. Merchants must follow the rules of integration as set in Partner Integration Guide at Developer Portal of Payconiq available at https://developer.payconiq.com/online-payments-dock/
3. PQI retains the right to shut down or change the API without prior notice when needed to close imminent security risks or comply with decisions/instructions of competent regulators or law enforcement agencies or applicable law, such as AML legislation and (international) sanctions law.

4. The Payment Method Payconiq shall not be used by Merchants who are engaged in the following activities, classified by MCC or NACE codes:

   Business activity	MCC
   Financial Institutions - Manual Cash Disbursements	6010
   Financial Institutions - Manual Cash Disbursements	6011
   Non - Financial Institutions - Foreign Currency, Money Orders (not wire transfer) and Travelers Cheques	6051
   Dating and Escort Services	7273
   Massage Parlors	7297
   Protective and Security Services - Including Armored Cars and Guard Dogs	7393
   Bail and Bond Payments	9223
   Business activity	NACE
   Manufacture of weapons and ammunition	2540
   Manufacture of military fighting vehicles	3040

5. Irrespective of MCC and NACE codes, The Payment Method Payconiq shall not be used by Merchants whose business activities/products or services relate to or could be associated with:
   
   
   1. pornography or adult content (unless it represents only a non-substantial part of a Merchant's activities), companion/escort services or dating services (sexually oriented), massage parlours and sexual services, gentlemen's clubs, topless bars and strip clubs;
   2. organ trade;
   3. mail order spouse and match-making;
   4. E-money or other cryptocurrencies or similar financial products, anonymous, untraceable or difficult-to-trace financial products, such as phone credit or prepaid cards with credits (unless these represent only a nonsubstantial part of a Submerchant's activities), and crypto-currencies;
   5. any form of gambling and or games of chance activities without the Submerchant having the required licenses from the relevant supervisory bodies and/or authorities;
   6. illegal products or services prohibited by local legislation;
   7. pseudo pharmaceuticals or other nutraceuticals with unlawful/questionable health or medical claims or promising extreme results (unless it represents only a non-substantial part of a Submerchant's activities).
      
      
6. Furthermore, the Payment Method Payconiq shall not be used by Merchants that fall under any of the below categories:
   1. sole geographic location of Merchant's activity is outside of the European Economic Area (EEA);
   2. Merchant uses/intends to use a bank account that is not with a bank located in the EU;
   3. Merchant and/or its UBOs, legal representatives or other individuals identified during KYC, are confirmed as positive sanction hits or they appear to be subject of adverse media or suspected to be part of criminal organization(s);
   4. Merchant and/or its UBOs, legal representatives or other individuals identified during KYC, that reside (or have statutory address) in high or ultra-high risk countries or other countries blacklisted by Financial Action Task Force (FATF) (e.g. Iran, North Korea, Syria, Cuba, Sudan or the Crimea Region of Ukraine);
   5. Merchant wishes to remain anonymous or provides fictitious identity details or unclear UBOs;
   6. Merchant's structure is difficult to understand or it seems to be too complex or nontransparent;
   7. Merchant for which PPRO or PQI have indication/suspicion of money laundering, fraud or terrorist financing; and
   8. activity of the Merchant might create reputational risk or threat of risk exposure to PQI and/or Payconiq.
      
      
7. Country specific requirements :
   
   
   1. Belgium: Payconiq Belgium reserves the right to use Merchants' data shared by PPRO, in accordance with the Agreement, for direct marketing purposes in Belgium. The Merchants agree to, such use of said data.