PaidTerms Limited
(New Zealand)
Important
These Terms govern access to and use of the PaidTerms platform, including instalment payment services, receivables-related services, and associated payment functionality made available to approved business users and their customers.
1.1 These Terms of Service (“Terms”) govern access to and use of the PaidTerms platform, website, and related services (the “Platform”).
1.2 PaidTerms provides a business-to-business payments platform that enables merchants (“Merchants”) to offer instalment payment options to their customers (“Customers”).
1.3 By accessing or using the Platform, you agree to be bound by these Terms.
2.1 PaidTerms provides a technology platform that enables:
2.2 PaidTerms may offer multiple service types, including:
2.3 Access to certain services may be restricted, conditional, or subject to approval, verification, and risk assessment.
2.4 PaidTerms may modify, add, or remove services at any time.
3.1 The Platform is intended for use by businesses operating in a commercial capacity.
3.2 By using the Platform, you represent that:
4.1 You agree to use the Platform only for legitimate commercial purposes.
4.2 You must not:
4.3 PaidTerms may monitor Platform usage for compliance, security, and operational purposes.
5.1 Payments are processed through PaidTerms and authorised third-party providers.
5.2 PaidTerms may:
5.3 Payment timing and processing may be affected by banking systems, third-party providers, and technical or operational factors.
5.4 PaidTerms is not responsible for delays outside its reasonable control.
6.1 The Platform enables Customers to pay for goods or services over time.
6.2 Instalment plans are created based on Merchant inputs and accepted by Customers at the point of transaction.
6.3 PaidTerms does not guarantee that Customers will complete payments.
7.1 PaidTerms may, at its discretion, offer services involving the purchase, assignment, or funding of receivables.
7.2 Where such services apply:
7.3 All such services are discretionary, assessed on a per-transaction basis, and subject to internal risk policies.
7.4 PaidTerms is not obligated to provide funding or accept any receivable.
8.1 Where PaidTerms acts as a payment facilitator, the Merchant retains credit risk and PaidTerms is not liable for Customer non-payment.
8.2 Where PaidTerms provides receivables-based services, PaidTerms may assume risk for approved transactions, but the Merchant remains responsible for fraud, disputes, and invalid or misrepresented transactions.
9.1 Merchants must ensure that all transactions submitted through the Platform:
9.2 Merchants must promptly notify PaidTerms of disputes, errors, or fraudulent activity.
10.1 Customers agree to provide accurate information and make payments in accordance with agreed instalment plans.
10.2 Customers are responsible for ensuring sufficient funds are available for scheduled payments.
11.1 PaidTerms may, at its sole discretion:
11.2 These actions may be taken for risk management, compliance, or operational integrity.
12.1 PaidTerms does not guarantee availability of any service, approval of transactions, timing of payments, or completion of instalment plans.
13.1 The Platform relies on third-party providers, including payment processors.
13.2 PaidTerms is not responsible for failures, downtime, or actions of third-party systems or providers.
14.1 To the maximum extent permitted by law, PaidTerms is not liable for indirect, consequential, or business-related loss, including loss of revenue, profit, or opportunity.
14.2 PaidTerms’ total liability is limited to the extent permitted under New Zealand law.
15.1 You agree to indemnify PaidTerms against any loss arising from breach of these Terms, fraud, misconduct, or inaccurate or misleading information.
16.1 PaidTerms may suspend or terminate access at any time without notice.
16.2 Reasons may include breach of these Terms, risk concerns, or legal and regulatory requirements.
17.1 PaidTerms may update these Terms at any time.
17.2 Continued use of the Platform constitutes acceptance of updated Terms.
18.1 These Terms are governed by the laws of New Zealand.
18.2 The parties submit to the exclusive jurisdiction of the New Zealand courts.