VERICENTS UAB (hereinafter: “VeriCents”, “we” or “us”), legal code:
304541134, registered address: Jogailos Str. 4, LT-01116 Vilnius, the Republic of Lithuania, is an agent
of, and completely held by, International Fintech UAB, holding an Electronic Money Institution’s
license authorized and supervised by the Lithuanian financial supervisory authority: the Bank of
Lithuania, address: Žirmūnų g. 151, Vilnius, the Republic of Lithuania; webpage: www.lb.lt; telephone: +370 5 268 0502; e‑mail: firstname.lastname@example.org.
“You” means a representative(s) of a merchant using our payment processing solution, after
signing the Agreement.
Scope of the Terms & Conditions
These Terms & Conditions specify the opening and use of your Account, System and other related
services. Together with our Privacy and Data Protection Policy as well as Agreement concluded with you,
they constitute the legal relationship between you and us. You are advised to print and keep a copy of
these documents for future reference.
VeriCents is a company providing payment processing solutions in order to process payments made by
natural persons or entities which ordered goods, products and/or services from and provided by you.
Registration on the Website and VeriCents Account
In order to use our Services, you must first open the Account. You may apply for an account on the
Website or contact us for any assistance.
By inserting your details for registration, you represent and warrant that all details are yours - the
legal entity which is registered as a user - or of an authorized representative of yours.
You will be given a unique username and password in order to access the System. You can have multiple
usernames and passwords which could be designated to your authorised persons. An explicit approval by us
is needed and a special fee applies if you request more than 2 usernames and passwords. Passwords will
be provided to you during or after signing of the Agreement. We will request you to change the passwords
once in 180 days if you do not change the password yourself during this term.
You will never be asked by any of our representatives for your password inserted when opening your
Account, and it is strongly recommended not to provide it to anyone asking your password, unless needed
for logging in.
We advise you to change your password occasionally. We also advise you not to choose a password that is
easily guessed from information someone might know or gather about you or a password that has a meaning.
If you suspect that the password was lost, stolen or used without authorization you should, without any
delay, change your password and contact us immediately to our customer service.
Your Account belongs to you and you only. No person other than you has any rights in relation to the
funds being transferred to your Account, except in cases of succession. You may not assign or transfer
your Account to a third party or otherwise grant any third party a legal or equitable interest over it,
without our prior written consent.
Account in VeriCents
As part of the signup process for the use of the System, you will need to:
identify yourself under instructions of VeriCents based on applicable laws on prevention of
money laundering and terrorist financing, including and not limited to filling out our VeriCents’
application form and submitting it along with required documents;
accept these Terms & Conditions and the Privacy and Data Protection Policy; and
sign the Agreement.
After fulfilment of the above actions, we will create the Account for you as well as grant access to the
System in order to use the Services.
You may only open one Account unless we explicitly approve the opening of additional accounts.
You may only open the Account if it is legal to do so in your country of residence. By opening the
Account, you represent and warrant to us that your actions do not violate any laws, regulations
applicable to you or your internal rules, corporate policies etc. You shall indemnify us against any
losses incur to us in connection with your breach of this section.
All information you have provided to us during the signup process or any time thereafter must be
accurate and truthful. You must ensure that the information provided to us is always accurate and up to
date and inform us about any changes in the information and/or documents provided. We may ask you at any
time to confirm the accuracy of your information or to provide documents or other evidences.
Contacting us and you
You may contact us at any time by e-mail at email@example.com, by phone number +370 694 08689, or
regular mail at Jogailos Str. 4, LT-01116 Vilnius, Lithuania.
You may contact us with any question and/or comment about anything connected to the Services, the
Website, the Account, those Terms & Conditions or anything else relevant to the Services. We will
make efforts to answer your questions within a reasonable time.
By providing your contact details to us, you agree that we may contact you for matters related to the
Services. We may share your contact details with other service providers with whom we contract to assist
us with providing our Services, but we will not share your contact details with third parties for their
own purposes without your consent.
You understand and agree that, to the extent permitted by law, we may, without further notice or
warning, monitor or record telephone (Skype or other type) conversations you or anyone acting on your
behalf will have with us for quality control and training purposes or for our own and your protection.
We may also contact you through the e-mail inserted by you during login or updated during your use of
the Account, and it is your responsibility to check your mailbox from time to time. In the event we
contacted you via e-mail and did not receive an answer within reasonable time, we reserve the right to
act on our own discretion in connection with the subject matter presented in that e-mail. Any e-mail
sent to you by us will be deemed to be received by you on the same business day, if sent until 18:00 P.M
Lithuanian time. After this time, it will be deemed as received on the next business day.
Links Presented in the Website
We provide links to certain services, directing from our website to other such third party websites,
features and/or applications (“Third Party Website”). We are not responsible for the
functionality and/or contents shown or directed to such link. Entering any webpage though clicking a
link shown in our Website is your responsibility only and at your own risk. We will not be responsible
for any correspondence, engagement, any product and/or service and/or information received by contacting
such third party through a Third Party Website.
You may not use any content and/or material shown in the Website, without our prior written approval.
Anything shown in the Website, including logos and contents, copyright, trademarks and/or patents, is
our own intellectual property. Anything collected by and/or inserted in the Website is ours to use.
“VeriCents”, “VeriCents.com” and all logos related to our Services and
Website, including icons, graphics, designs and scripts are our trademarks or registered trademarks. You
may not copy, modify, imitate or use them without our prior written consent.
All rights, titles and any interests in our Website, any content thereon, our Services, the technology
related to our Services, and any and all technology and any content created or derived from any of the
foregoing, is our and our licensors’ exclusive property.
We grant you a revocable, non-exclusive, non-sublicensable, non-transferable, royalty-free and limited
license to use our System software. This license grant applies to the software and all updates,
upgrades, new versions and replacement of software. You may not rent, lease or otherwise transfer your
rights in the software to any third party.
You agree not to alter, reproduce, adapt, distribute, display, publish, reverse engineer, translate,
disassemble, decompile or otherwise attempt to create any source code that is derived from the System
software. You acknowledge that all rights, title and interest to our software are owned by us.
The processing of the personal data is governed by the Privacy and Data Protection Policy which can be
found on the Website. By accepting these Terms & Conditions, you also agree to the terms of the
Privacy and Data Protection Policy. We highly recommend you to print and keep a copy of the Privacy and
Data Protection Policy together with these Terms & Conditions.
Subject to your consent, you may receive e-mail newsletters that will inform you about new product
features, events, promotions, special deals etc. If you do not wish to receive any newsletters from us,
you can opt out at any time by contacting us. Any e-mail newsletter you receive will also give you the
option to unsubscribe from any future newsletter.
Changes to the Terms & Conditions
These Terms & Conditions and any additional terms and conditions that may apply to your and our
legal relationships are subject to changes. Changes will be implemented with a prior notice from us
under the procedure set forth in this section.
You will be informed on any changes in the Terms & Conditions. We will give you notice of a
change(s) by sending an email to the primary email address registered with your Account.
In case you disagree with the changes, you may terminate the Agreement.
These Terms & Conditions, Privacy and Data Protection Policy and the Agreement shall be governed by
and interpreted in accordance with the laws of the Republic of Lithuania.
If any part of these Terms & Conditions is found by a court of competent jurisdiction to be invalid,
unlawful or unenforceable then such part shall be severed from the remainder of the Terms &
Conditions, which shall continue to be valid and enforceable to the fullest extent permitted by law.
Complaints and disputes between you and us are resolved/settled in accordance with the procedures set in