Please read this Legal Disclaimer carefully before using the Binrora financial technology platform, virtual card services, digital wallet functions, or developer APIs (collectively, the “Services”). By accessing the platform or utilizing any of our Services, you acknowledge that you have read, understood, and agree to the terms of this Disclaimer, alongside our Terms of Service and Privacy Policy.
1. Financial Technology Platform Status
Binrora is a financial technology platform and software service provider. Binrora is not a licensed bank, deposit-taking institution, credit institution, or electronic money institution (EMI).
All financial, card issuance, e-money holding, clearing, and currency exchange services are conducted and provided exclusively by our licensed partner banks, principal card scheme members, and regulated financial institution partners in their respective jurisdictions.
- Prepaid & Virtual Cards: Virtual cards issued through the Binrora dashboard are generated and powered by our authorized partner banks, who are principal members of Visa and Mastercard.
- Wallet Balances & Safeguarding: Any digital currency or fiat balance stored in your Binrora wallet is kept in segregated client safeguarding accounts maintained by regulated electronic money institutions or licensed custodial partner banks. These safeguarding arrangements ensure client funds are held separately from Binrora’s corporate operating funds in compliance with relevant regional e-money regulations.
2. No Warranty on Service Availability & Card Acceptance
While Binrora strives to maintain 100% uptime for its dashboards, mobile applications, APIs, and instant card generation infrastructure, all Services are provided on an “as is” and “as available” basis.
We do not guarantee, represent, or warrant that:
- The platform, API access, or transaction clearing systems will be uninterrupted, timely, secure, or free from functional errors.
- Every virtual card generated will be accepted by all online merchants, SaaS platforms, or advertising networks (e.g., Google Ads, Meta Ads, TikTok Ads).
- Exchange rates, network transmission speed, or funding rails will be static and delay-free.
Card transactions may be declined by merchants, card networks, or issuing partner banks due to independent risk assessments, card-testing mitigation, billing address mismatches, merchant category code blocks, or regional restrictions. Binrora shall not be held liable for any loss, business interruption, or inconvenience resulting from card transaction declines or platform downtime.
3. Limit of Liability
In no event shall Binrora, its affiliates, directors, employees, agents, or partner banks be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including but not limited to:
- Loss of business profits, revenue, or sales.
- Lost advertising campaign expenditures or account suspensions on third-party networks (e.g., ad spend pauses caused by virtual card declines).
- Business interruption, data loss, or reputation damage.
- Cost of procurement of substitute services.
- Losses arising from unauthorized account access, compromised API keys, or phishing attacks.
Our liability to you for any cause whatsoever, and regardless of the form of the action, will at all times be limited to the amount of service fees you have paid to Binrora in the six (6) months immediately preceding the event giving rise to liability.
4. Cryptocurrency & Stablecoin Disclaimers
If you fund your Binrora wallet using compliant stablecoins (such as USDT or USDC):
- Asset Nature: Stablecoins are digital cryptographic tokens and are not legal tender. Unlike fiat deposits, stablecoin holdings are not insured by national deposit guarantee systems such as the FDIC (Federal Deposit Insurance Corporation) or the FSCS (Financial Services Compensation Scheme).
- Exchange Rate Volatility: Although stablecoins are pegged to fiat currencies, they carry unique liquidity, technical, smart contract, and de-pegging risks. Any loss of value resulting from stablecoin de-pegging or exchange service failures is borne entirely by the user.
- Conversion Services: All conversions between stablecoins and fiat currencies are executed by regulated third-party liquidity providers. Binrora does not control, and is not responsible for, fluctuation in conversion rates or liquidity shortages.
5. Third-Party Transactions & Merchant Disputes
Binrora is solely a payment facilitation tool. We are not a party to any transactions you execute using virtual card credentials.
- Merchant Services: We exercise no control over the quality, safety, legality, or delivery of products, SaaS subscriptions, or marketing services purchased from merchants.
- Dispute Resolution: Any dispute regarding merchant performance, refund policies, product defects, or subscription cancellations must be resolved directly with the merchant. Initiating chargebacks without prior consultation with the merchant and our support team may result in account termination under our Terms of Service.
6. Compliance, Freezing, and Sanctions
To satisfy global Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) rules, we perform continuous transaction monitoring and sanction scans.
We reserve the right, at our absolute discretion and without prior warning, to:
- Freeze your dashboard account, suspend wallet deposits, and deactivate active virtual cards.
- Reject specific transactions.
- Refuse service to individuals or entities based on sanctions lists (e.g., OFAC, EU Consolidated List).
- Disclose transaction information to regulatory authorities or law enforcement agencies when mandated.
Binrora is not liable for any losses, delays, or missed opportunities caused by account suspensions or transaction holds enacted to satisfy compliance auditing, fraud detection, or legal instructions.