Welcome to RonikData Inc. ("RonikData" or "the Company"). RonikData Inc. is a financial technology service provider that facilitates access to payment processing service, point of sale service ("Services") by providing point base payment.
By accessing or using our Services, you agree to comply with and be bound by these Terms and Conditions ("Terms").
RonikData operates as an intermediary between its clients and third-party qualified banks, custodians, and financial institutions ("Intermediary Counterparties"). RonikData does not accept deposits, issue loans, or provide traditional banking services. Instead, RonikData provides technology solutions that enable its clients to purchase points and use the points to buy from participated merchants.
Certain services offered by RonikData are powered by third-party banking providers, which are regulated as a Money Services Business (MSB) under the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
RonikData Inc. is a Nevada Domestic Corporation filed on January 22, 2025.
The Registered Agent on file for this company is Nevada Business Center, LLC, located at 701 S Carson St Ste 200, Carson City, NV 89701.
RonikData, either directly or through its affiliates or third-party service providers, will deliver Services to the Customer in accordance with these Terms.
Throughout the duration of this agreement, RonikData will host, maintain, and support the platform in its current or future form to facilitate Point Based Payment Technology Services and Account Services. The Customer will have access to the platform to facilitate the Point Based Payment Technology Services and Account Services. The use of these services will be governed by the general terms and any specific pricing terms applicable to each service.
RonikData may periodically update these Terms or specific pricing terms. Updates will be announced through the platform. The Customer must accept these updated terms before continuing to use the platform or related services.
Certain services may be governed by specific terms and conditions outlined in the applicable pricing terms. If a particular service is not described within these specific terms, it will be governed by the general terms in this agreement.
By accessing or using any service described in the pricing terms, the Customer agrees to comply with all applicable terms outlined therein.
RonikData reserves the right to modify the Services and the platform at any time, including adding or removing functionality or imposing conditions on the use of the Services. RonikData may notify the Customer of significant changes but is not obligated to do so and will not be liable for any losses resulting from such modifications or lack of notice. If an update is necessary for continued use of the platform, RonikData will provide notice, and the Customer must install the update by the specified deadline.
Certain features or updates may be rolled out in different jurisdictions at different times, potentially due to regulatory or business considerations. RonikData will not be liable for any losses incurred by a Customer due to the timing or availability of such features or updates.
RonikData may release certain updates to the platform in a beta (test) format ("Beta Release"), which may include features that are incomplete or contain bugs. Customers acknowledge the risks associated with Beta Releases and agree not to use them in a production environment unless they understand and accept these risks. Customers participating in Beta Releases agree to provide feedback and acknowledge that any improvements made based on this feedback are the sole property of RonikData. The Company reserves the right to suspend or terminate access to any Beta Release at any time.
Support RonikData will provide support to resolve general issues related to the Services through resources and documentation available on the platform or via designated support channels. Customers can contact support at [email protected]
The Services and platform are provided on an "AS IS" and "AS AVAILABLE" basis. Except as expressly stated as a warranty in this agreement, RonikData disclaims all express and implied warranties, including warranties of fitness for a particular purpose, merchantability, and non-infringement. RonikData is not liable for any losses arising from unauthorized access, hacking, or the Customer's failure to implement security measures.
RonikData and its affiliates are not liable for any losses, damages, or costs resulting from: (a) The Customer’s improper use of the Services; (b) Unauthorized access to the Company's servers or data; (c) Service interruptions or stoppages; (d) Bugs, viruses, or harmful code transmitted through the Services; (e) Errors, inaccuracies, or omissions in data; (f) Content; (g) Defamatory, offensive, or illegal conduct by others.
The Services are only available to Customers that meet the following criteria:
The Customer represents that they are acting on their own behalf as a principal and not on behalf of any other person or entity unless prior written approval has been provided by RonikData in its sole discretion.
The Customer agrees not to engage in:
By entering into this agreement, the Customer acknowledges the eligibility requirements and restrictions, and always represents and warrants compliance with them.
The Customer acknowledges that it is solely responsible for ensuring compliance with all applicable laws in relation to the use of the Services, regardless of the intended use, and for refraining from engaging in or attempting any prohibited transactions.
Customers must follow security best practices to prevent unauthorized access to their accounts.
The Customer shall: (i) Provide all information requested by RonikData for purposes such as account setup, onboarding, and compliance with anti-money laundering (AML), know your customer (KYC), know your business (KYB), counter-terrorism financing, sanctions screening, or any other legal requirements as determined by RonikData or its suppliers. (ii) Conduct reasonable due diligence on each recipient before submitting a payment transaction request, including verifying the intended use of funds. (iii) Promptly respond to any requests for information from RonikData, particularly when such information is necessary for RonikData to fulfill its obligations under this agreement. (iv) Provide all documentation, data, and other information as reasonably requested by RonikData to enable the performance of its obligations. (v) Understand that RonikData may be required to perform its own due diligence on the Customer or the recipient as part of the transaction processing, and shall provide all requested due diligence information accordingly.
The Customer is responsible for maintaining the confidentiality and security of user IDs, passwords, or other access credentials ("Credentials") used to access the platform or any other system provided by RonikData. The Customer will be held accountable for all activities conducted using these Credentials and must immediately notify RonikData if the Credentials are lost, compromised, or misused.
RonikData only keeps account and store related information to keep the user experience excellent. We also keep the order information to keep record of transactions and reporting. As we integrated third party solution to provide the best experience, Third Party Solutions may maintain records related to all payment transactions and recipients associated with these transactions. These records may include copies of relevant due diligence documents and data, such as KYC, KYB, and AML information, in various formats (hardcopy, electronic, or otherwise).
The fees for the Services shall be in accordance with the agreed-upon terms and are non-refundable except under specific conditions.
RonikData reserves the right to modify the fees at any time with at least 30 days' notice.
This agreement remains effective for one year and automatically renews unless terminated.
Either party may terminate this agreement with 20 business days' written notice.
RonikData reserves the right to modify, suspend, or discontinue all or part of the Payment Technology Services at any time, with or without notice, for reasons including: (a) Regulatory changes; (b) Technical or technological changes; (c) Availability of third-party service providers.
This agreement shall automatically renew for additional one (1) year terms unless terminated in accordance with Section 8.2 & 8.3.
Upon termination, the following obligations apply: (a) RonikData shall complete all authorized Payment Transactions before the termination becomes effective; (b) The Customer shall pay all fees associated with completed Payment Transactions; (c) RonikData shall return any remaining Customer funds held by qualified partners, less any fees owed, within 20 business days after the completion of the Payment Transactions, provided that the Customer has provided a valid account or digital wallet address for the return of such funds.
RonikData may immediately suspend Services if: (a) The Customer’s use violates any applicable law or regulation; (b) Continued provision of the Services may result in legal violations or non-compliance with regulatory requirements; (c) A government authority or third-party service provider requires or directs RonikData to do so; (d) The Customer fails to update to the latest version of the platform as recommended or required by RonikData; (e) The Customer fails to provide timely responses to requests for information, including but not limited to, Customer Information, user information, or any other information deemed relevant by RonikData; (f) The Customer breaches any provision of this agreement or any other agreement between the parties; (g) The Customer enters into any insolvency proceeding, including but not limited to, bankruptcy, reorganization, receivership, or liquidation; (h) RonikData believes that the Customer is engaged in business practices or activities that present an unacceptable risk to RonikData or any third party, in RonikData’s sole discretion; (i) RonikData believes, in its sole discretion, that the Customer’s use of the Services: (i) Is or may be harmful to RonikData or any third party; (ii) Presents an unacceptable level of credit risk; (iii) Increases, or may increase, the rate of fraud observed by RonikData; (iv) Degrades, or may degrade, the security, stability, or reliability of the Services, the platform, or any third party’s systems (e.g., the Customer’s involvement in a distributed denial of service attack); (v) Facilitates, or may facilitate, illegal or prohibited transactions; or (vi) Is or may be otherwise unlawful
In the event of a suspension of Services, RonikData may, at its sole discretion, reinstate access to the Services once the underlying cause of the suspension has been resolved to RonikData' satisfaction. However, RonikData is not obligated to reinstate Services or lift the suspension if it deems the risk to be ongoing or unresolved.
Any disputes shall be resolved through binding arbitration in Nevada.
Each party acknowledges that during the term of this agreement, it may receive or have access to confidential and proprietary information ("Confidential Information") of the other party. Each party agrees to maintain the confidentiality of such information and not to disclose it to any third party without the prior written consent of the disclosing party, except as required by law or as necessary to perform its obligations under these Terms.
Confidential Information does not include information that: (a) is or becomes public knowledge through no breach of this agreement; (b) is received from a third party who lawfully acquired it and made it available without any obligation of confidentiality; (c) was already known to the receiving party before receipt from the disclosing party; or (d) is independently developed by the receiving party without use of or reference to the disclosing party's Confidential Information
All intellectual property rights in and to the platform, the Services, and any related software or documentation are and shall remain the exclusive property of RonikData or its licensors. Nothing in this agreement shall be construed as transferring any rights or ownership in or to any intellectual property from RonikData to the Customer.
RonikData grants the Customer a non-exclusive, non-transferable, revocable license to access and use the platform and the Services solely for the purpose of conducting business in accordance with these Terms. This license does not include any rights to modify, copy, distribute, reverse engineer, or create derivative works of the platform or the Services.
Any feedback, suggestions, or ideas provided by the Customer regarding the platform or the Services may be used by RonikData without any obligation to compensate the Customer. RonikData is free to use, disclose, reproduce, license, or distribute such feedback as it sees fit.
RonikData may collect and use data related to the Customer’s use of the Services in accordance with its Privacy Policy.
RonikData shall implement reasonable technical and organizational measures to protect the Customer's data against unauthorized access, loss, or disclosure. However, the Customer acknowledges that no security measures are completely foolproof and that RonikData cannot guarantee absolute security.
In the event of a data breach that affects the Customer's data, RonikData shall promptly notify the Customer and take appropriate steps to mitigate the breach and prevent further unauthorized access.
RonikData does not control digital asset markets and assumes no liability for trading risks.
RonikData reserves the right to restrict or transfer customer accounts under specified conditions.
Exchange rates and fees apply to foreign currency transactions.
Customers are responsible for tax compliance and reporting.
Customers are responsible for all transaction fees and third-party charges.
Services provided by a designated financial institution, including direct customer accounts, are the responsibility of the financial institution, not RonikData. RonikData does not make any representations or warranties regarding these services and shall not be liable for any expenses, losses, or damages related to the financial institution or the services it provides.
Depending on the transaction, the Customer may send funds either to a custodial account or a direct account at a designated financial institution. In either case, the Customer’s funds will be held by the designated financial institution on the Customer’s behalf.
These Terms constitute the entire agreement between RonikData and the Customer. The customer also agrees with the terms & conditions of the third party services RonikData uses to provide the best experience for customers.
RonikData may update these Terms with 30 days' notice.
RonikData Inc.
701 S Carson St Suite 200
Carson City, NV 89701
Email: [email protected]
By using RonikData Services, the Customer acknowledges and agrees to these Terms and Conditions.
Last updated: February 2025
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