Terms of service
Acceptance of Terms
By using Vnitpay's services, you agree to comply with and be bound by these Terms of Service. These terms may be updated periodically, and continued use constitutes acceptance of these changes.
Description of Service
Vnitpay is a voucher-based payment system enabling businesses and individuals to manage expenses. Users generate vouchers redeemable at participating merchants for specific expenses, such as fuel, petty cash, or school fees.
Account Registration
Users must create an account to access the platform. Information required may include name, email, phone number and, for merchant accounts, additional verification such as bank details and National Identification Number (NIN) would be required.
Usage of Vouchers
Vouchers generated through Vnitpay can only be used with participating merchants. Vouchers may be generic or subject to specific terms, such as the purpose (fuel, food, school fees, etc.), which cannot be altered once issued.
Expense Tracking and Notifications
Both users and merchants will receive real-time notifications when vouchers are used, helping ensure transparency and accurate record-keeping. Vnitpay provides tools for businesses to monitor expenses, track fuel usage, and prevent unauthorized fund diversions.
Merchant Obligations
Merchants wishing to accept vouchers must complete an additional verification process, including providing bank details for transaction settlement. Merchants are responsible for honoring voucher terms and ensuring compliance with Vnitpay's standards. For instance, on no account should a merchant redeem a voucher for cash. Vouchers are to be used for the purpose of payment ONLY.
Privacy and Data Security
Vnitpay is committed to protecting user information and will use collected data solely for operational purposes, in compliance with applicable laws. Please refer to our Privacy Policy for further details.
Termination of Service
We reserve the right to suspend or terminate accounts for misuse, fraudulent activity, or any violation of these Terms of Service.
Limitation of Liability
Vnitpay is not liable for any indirect or incidental damages arising from voucher misuse or unauthorized access, except as provided by law.