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 allow new partners to evaluate system performance without initial risk, SettlePal may grant a limited allocation of Restricted Promotional Capital (RPC) (marketed as "Liquidity Pass", "Welcome Allocation", or "Pilot Funds").

3.1 Ownership of Funds: RPC allocations represent corporate funds owned by OBAN Limited. They are not a gift, airdrop, or "free money." You are granted a revocable license to direct this capital into the routing engine to generate performance data.
3.2 Non-Withdrawable Principal: The principal amount of the RPC (e.g., $500 USD equivalent) cannot be withdrawn, exchanged, or liquidated by the user at any time.
3.3 Vesting of Yields: "Profits," "Yields," or "Settlement Fees" generated by the RPC are classified as Provisional Credits. These credits only vest and become withdrawable when the user:
- (a) Completes Level 2 Identity Verification (KYC); AND
- (b) Upgrades to a Standard Partner Account by depositing their own active liquidity (minimum thresholds apply).
3.4 Expiration: If the Pilot Account is not upgraded within 7 days (or the period specified in the offer), all RPC and associated Provisional Credits will be reclaimed 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