Terms of Use

4.1. User Responsibilities

• You are solely responsible for maintaining the confidentiality of your account credentials.
• You agree not to use the app for any illegal or unauthorized purposes.
• You agree not to use the app in a manner that violates the rights of others or that could harm the app's functionality.

4.2. Data Collection and Use

• Payswitch collects and stores your personal information.
• Payswitch may also collect your debit card details and bank verification number for the purpose of providing financial services and complying with legal requirements. However, these are not stored on our system.
• We take reasonable measures to protect the security and confidentiality of your data. Please review our Privacy Policy for more details.

4.3. Charges

• There is a 1.5% transaction fee applied on USD transactions.
• There is a 0.8% transaction fee applied on Naira transactions.
• There is a 2.5% cross border charge for USD transactions settled outside the US.
• There is a 0.40 USD charge on failed transactions caused by insufficient fund on your card. - (We recommend funding your card before transacting or setting it to Inactive when not transacting).
• Monthly and Quarterly card maintenance charges also apply.

4.4. Card Termination

• We may terminate your USD card when 3 consecutive failed transactions occur on your card due to insufficient fund.

5.1. Disclaimer

• Payswitch provides financial services for transactional purposes only.
• We do not guarantee that transactional charges will forever remain the same.

5.2. Third-Party Services

• The app may integrate with third-party financial institutions or services. Your use of these services is subject to their terms and policies.