Terms of service

By accessing or using the LPAAS IQ services provided by LPAAS IQ Limited (“LPAAS IQ,” “us,” “we”), you agree to comply with the terms and conditions of this Acceptable Use Policy.

A. Restricted business activities

You may not use the LPAAS IQ Services in connection with any product, service, transaction, or activity that involves:

a. Violates any law or government regulation, or promotes or facilitates such by third parties;
b. Violates any rule or regulation of Visa, Mastercard, American Express, China UnionPay, EFTPOS, or any other electronic payments network (each, a “Card Network”);
c. Violates any rule or regulation of Direct Debit scheme;
d. Is fraudulent, deceptive, unfair, or predatory;
e. Causes or threatens reputational damage to us or any Card Network;
f. Involves any of the business categories listed in Section B; or
f. Results in or creates a significant risk of chargebacks, penalties, damages, or other harm or liability.

B. Restricted business categories
You may not use the LPAAS IQ Services in connection with any product, service, transaction, or activity that involves:

a. Illegal downloads that breaches intellectual property rights;
b. Malware – offering of malicious software that will cause damage, breach of privacy, security or enable access to computers or data of others;
c. Cyberlockers – (includes any Cloud-based merchants provide file sharing, data storage, with uploading and/or downloading capabilities);
d. Mugshot websites – generate revenue by extorting a fee to remove the mugshot subjects’ photos or records;
e. Hate Websites – any type of hate speech or decriminalisation against any person/s;
f. Dating, Escort Agencies, Pornography, Brothels, Adult content material, such as DVDs & Magazines;
g. Over the audio Chat lines, chat rooms, and fortune-telling;
h. Selling Tobacco, cigarettes, electronic cigarettes, cigars, pipes, and smokers’ supplies;
i. Sale of weapons;
j. Counterfeit Goods like any products that trade of another’s name, reputation, or trademark as this is a violation of intellectual property rights;
k. Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race Tracks, and any – Government-Owned Lotteries; Licensed On-Line Casinos and Government-Licensed Horse/Dog Racing;
l. Deceptive marketing including Guaranteed prizes; Promises of health, wealth, or beauty; Negative Option Marketing; Pyramid sales; False celebrity endorsement.

C. Actions by LPAAS IQ
If, in our sole discretion, we believe that you may have engaged in any violation of this Acceptable Use Policy, we may (with or without notice to you) take such actions as we deem appropriate to mitigate risk to LPAAS IQ and any impacted third parties and to ensure compliance with this Acceptable Use Policy. Such actions may include, without limitation:

a. Blocking the settlement or completion of one or more payments;
b. Suspending, restricting, or terminating your access to and use of the Payment Services;
c. Terminating our business relationship with you, including termination without liability to LPAAS IQ of any payment service agreement between you and LPAAS IQ;
d. Taking legal action against you;
e. Contacting and disclosing information related to such violations to (i) persons who have purchased goods or services or loan or credit advances from you, (ii) any banks or Card Networks involved with your business or transactions, (iii) law enforcement or regulatory agencies, and (iv) other third parties that may have been impacted by such violations; or
f. Assessing against you any fees, penalties, assessments, or expenses (including reasonable attorneys’ fees) that we may incur as a result of such violations, which you agree to pay promptly upon notice.

D. Changes in acceptable use policy
If we change our acceptable Use Policy, we will post those changes on our website so our users are always aware of restricted activities and business categories.