Terms and Conditions
Last Updated: October 2025
1. INTRODUCTION
Welcome to SettlePal, operated by OBAN Limited (“we”, “us”, “our”). OBAN Limited is incorporated under the laws of the British Virgin Islands and is authorized by the BVI Financial Services Commission (FSC) as a Virtual Asset Service Provider (VASP).
By accessing our website, settlement engine, or utilizing any Restricted Promotional Capital, you agree to these Terms and Conditions (“Terms”).
2. NATURE OF SERVICES
- SettlePal provides a decentralized routing layer that facilitates instant settlement for merchants and payment processors.
- Software-as-a-Service: We provide the technological infrastructure for liquidity routing. We do not act as a bank, wealth manager, or investment advisor.
- Institutional Focus: Our platform is designed for commercial liquidity providers. Any consumer access is granted solely under our "Pilot Partner" program.
3. RESTRICTED PROMOTIONAL CAPITAL (RPC)
To enable new partners to evaluate platform performance without initial risk exposure, SettlePal may provide a limited allocation of Restricted Promotional Capital (“RPC”), also referred to as a “Liquidity Pass,” “Welcome Allocation,” or “Pilot Funds.”
3.1 Ownership of Funds
RPC allocations remain the sole property of OBAN Limited and are provided exclusively for evaluation and routing-performance purposes. RPC does not constitute a gift, transfer of ownership, or unconditional balance credit.
3.2 Use Limitation
RPC is designated solely for participation within the routing environment and may not be transferred, redeemed, converted, or otherwise claimed by the participant as personal account value.
3.3 Activation of Generated Credits
Any settlement fees, incentive balances, or performance-based credits generated through RPC activity are classified as Provisional Credits. Such credits only become accessible after the participant:
- (a) completes Level 2 Identity Verification (KYC); and
- (b) upgrades to a Standard Partner Account by contributing active liquidity, subject to applicable minimum thresholds.
3.4 Promotional Period
If the Pilot Account is not upgraded within 7 days (or any alternative promotional period specified in the applicable offer), the RPC allocation and all associated Provisional Credits may be removed, expired, or reallocated by OBAN Limited.
4. LIQUIDITY PARTICIPATION
- By allocating capital (whether RPC or your own funds) to the SettlePal pool, you act as a Network Participant.
- Variable Performance: Settlement fees are derived from real-time transaction volume. We do not guarantee a fixed rate of return. Past performance of the routing engine does not guarantee future volume.
- Lock-up Cycles: Capital allocations may be subject to routing cycles (e.g., 24–168 hours) to ensure settlement finality. Assets cannot be withdrawn while active in a settlement cycle.
5. COMPLIANCE & RISK
- Risk Disclosure: Dealing in digital settlement layers involves market risks, including volatility and technical latency. You should not allocate capital you cannot afford to lose.
- No Financial Advice: Materials on this site are for technical and educational purposes only.
- Prohibited Users: You may not use this service if you are a resident of a sanctioned jurisdiction or if you are listed on any UN/OFAC sanctions lists.
6. LIMITATION OF LIABILITY
The Services are provided "as is." OBAN Limited shall not be liable for indirect or consequential damages. Our total liability is limited to the fees actually paid by you to us in the three (3) months preceding any claim.
7. GOVERNING LAW
These Terms are governed by the laws of the British Virgin Islands. Any disputes shall be resolved by arbitration in the BVI.
8. CONTACT
For compliance inquiries:
OBAN Limited (trading as SettlePal)
Authorized VASP under the BVI FSC
📧 support@settlepal.com
9. PROMOTIONS, BONUSES & INCENTIVE PROGRAMMES
9.1 Eligibility & Participation
All promotional bonuses, referral rewards, welcome incentives, and other promotional benefits offered by SettlePal are subject to eligibility requirements and applicable promotional conditions.
SettlePal reserves the right to approve, reject, or restrict participation in any promotion. Participants must provide accurate information, complete any required identity verification, and comply with all applicable Terms and Conditions.
9.2 Minimum 30 Trading Days
All promotional bonuses require a minimum of thirty (30) qualifying trading days before becoming eligible for withdrawal, unless otherwise specified.
Only days with genuine, eligible trading activity count towards this requirement. Days without qualifying trading activity are excluded. Trading days need not be consecutive unless otherwise stated.
Completion of the 30 trading days does not automatically guarantee withdrawal approval. All other applicable promotional and compliance requirements must also be satisfied.
9.3 Bonus Restrictions & Revocation
Promotional bonuses are conditional rewards and are not considered immediately withdrawable funds.
SettlePal reserves the right to withhold, suspend, cancel, reverse, or revoke promotional bonuses, including previously credited bonuses, where there is reasonable evidence of:
- (a) Violation of SettlePal’s Terms and Conditions or promotional requirements.
- (b) Fraudulent, suspicious, or manipulated trading activity.
- (c) Multiple accounts, self-referrals, or referral programme abuse.
- (d) False information, identity misrepresentation, or failure to complete verification.
- (e) Exploitation of promotional campaigns, system errors, or unauthorised automated activities.
- (f) Any other conduct that materially compromises the integrity, security, or intended purpose of the promotion.
Promotional bonuses may be revoked even after the 30 trading days have been completed if a qualifying violation is established.
Revocation of promotional bonuses does not automatically affect legitimately deposited personal funds.
9.4 Withdrawal Verification & Compliance
All promotional bonus withdrawals are subject to eligibility verification and compliance review.
SettlePal reserves the right to temporarily delay or restrict promotional bonus withdrawals where reasonably necessary to investigate suspected fraud, promotional abuse, or violations of these Terms.
SettlePal may request additional documentation and reverse incorrectly credited or fraudulently obtained promotional rewards.
Participants found to have violated promotional conditions may have their affected bonuses forfeited and may be excluded from future promotions.
9.5 Promotional Changes & General Conditions
SettlePal reserves the right to modify, suspend, or terminate promotional campaigns for legitimate operational, regulatory, security, or commercial reasons, subject to applicable law.
Changes to promotional conditions will generally apply prospectively, and reasonable notice will be provided where practicable.
All promotional rewards remain subject to SettlePal’s general Terms and Conditions and any additional rules applicable to the specific promotion.
Participation in a promotion does not guarantee entitlement to a reward. Bonuses become eligible for withdrawal only after all applicable requirements have been fulfilled.
Nothing in this section permits arbitrary forfeiture of unconditionally payable rewards or limits rights protected under applicable law.
