Payer Terms of Service

1. Role of the Payer

The Payer is the initiating funding party of an escrow contract. The Payer controls the overall escrow lifecycle—from creation through release.

2. Escrow Creation Authority

The Payer may initiate an escrow contract by defining the following parameters:

• Contract name and description
• Payee(s) and approver(s)
• Release conditions and structure
• Dispute rights and payout allocations
• Contract terms

The Payer represents that it has authority to create the escrow, all entered terms are lawful, all participant information is accurate, and all selected participants are intended parties to the arrangement.

3. Multiple Payer Structure

An escrow may be funded by one Payer or multiple Payers. Where multiple Payers exist, the initiating Payer shall define all contributing Payers, each contribution percentage and amount, and all funding obligations.

4. Contribution Allocation

Where multiple Payers contribute, each Payer's contribution shall be treated as final upon successful funding. Contribution percentages must collectively equal One Hundred Percent (100%) unless otherwise permitted by the platform.

PayBito shall maintain the final contribution ledger. The contribution ledger shall be final and binding.

5. Escrow Funding Methods

Escrow funding may be completed using supported payment rails including:

Available funding methods may vary based on jurisdiction, asset type, compliance requirements, merchant verification status, and operational availability. PayBito reserves sole authority to determine supported funding methods.

6. Escrow Funding Fees

Payer acknowledges and agrees that all fees applicable to escrow funding shall be governed by the PayBito Paymaster (Escrow) fee schedule published at: PayBito Exchange Fees

This includes, without limitation: funding charges, processor charges, asset-specific network fees, minimum funding thresholds, bank transfer charges, card processing charges, and crypto transfer fees.

7. Currency of Escrow

Escrow contracts are denominated in the currency selected at the time of creation. The Payer acknowledges the currency denomination and agrees to fund the escrow in the specified currency or asset.

8. FX Conversion

Where currency conversion is required, PayBito may apply exchange rates at its sole discretion. The Payer accepts all FX risk and conversion costs associated with funding in a different currency than the escrow denomination.

9. Funding Finality

Once an escrow contract has been funded, the Payer's contribution is locked and non-refundable except as expressly permitted by these Terms or by a dispute resolution outcome. Funding constitutes irrevocable commitment to the escrow contract.

10. Card Funding Risks

Where the Payer funds via payment card, the Payer acknowledges and accepts:

• Chargeback risk and liability
• Card network dispute risk
• Processing delays and holds
• Platform right to freeze escrow pending chargeback resolution

11. Payer Representations

By participating as a Payer, you represent and warrant that:

• You have full legal capacity and authority
• Funds used are lawfully sourced
• You are not subject to applicable sanctions
• The escrow transaction complies with applicable law
• All information provided is accurate and complete
• You are not facilitating money laundering or fraud

12. Approver Designation

The Payer shall designate one or more Approvers who are responsible for authorising release of escrow funds. The Payer is solely responsible for the accuracy of approver designations and for ensuring designated approvers are willing and able to perform their role.

13. Approval Threshold

The Payer must set the minimum approval threshold required to release escrow funds. This threshold configuration is binding and cannot be altered after escrow funding without platform consent.

14. Payee Designation

The Payer shall designate the payee(s) who are entitled to receive funds upon release. The Payer is responsible for the accuracy of payee designations and for ensuring payees are legitimate intended recipients.

15. Release Conditions

The Payer selects and configures the conditions that must be satisfied for escrow release. Release conditions are binding on all participants once the escrow is funded.

16. Release Types

Supported release types include:

• Full release to a single payee
• Partial release to one or more payees
• Split distribution across multiple payees
• Platform-mandated release following dispute resolution

17. Split Distribution

Where the Payer configures a split distribution, allocation percentages must collectively equal 100% unless otherwise permitted. The split allocation is binding after funding. PayBito shall process distributions according to the recorded split configuration.

18. Contract Terms

The Payer may include specific contract terms within the escrow agreement. Such terms are binding on all accepting participants. PayBito does not validate the legality of custom contract terms but may reject terms that violate platform policies.

19. Participant Acceptance

All designated participants (approvers and payees) must accept the escrow contract. Acceptance constitutes agreement to the contract terms. The Payer is responsible for ensuring all participants have accepted before funding.

20. Platform Override Rights

PayBito reserves the right to override, modify, or suspend any escrow contract where necessary for:

• Legal compliance
• Sanctions compliance
• Fraud prevention
• AML obligations
• Platform integrity

21. Contract Immutability After Funding

Once an escrow contract has been funded, the following parameters are immutable without platform consent:

• Payee designations
• Approver designations
• Approval thresholds
• Release conditions
• Contribution allocations

22. Dispute Rights

The Payer has the right to initiate a dispute where a release condition is contested. Dispute rights are subject to the dispute configuration selected at contract creation. Not all escrow configurations permit Payer-initiated disputes.

23. Dispute Initiation

To initiate a dispute, the Payer must:

24. Dispute Fees

Dispute initiation may be subject to fees per the applicable PayBito fee schedule. Dispute fees are non-refundable unless otherwise determined by the dispute outcome. PayBito reserves the right to deduct dispute fees from escrow funds held.

25. Dispute Evidence

The Payer must submit all relevant evidence in support of its dispute position. Accepted evidence types include:

• Written communications
• Contracts or agreements
• Payment records
• Delivery or completion confirmations
• Third-party confirmations

PayBito reserves the right to determine the weight and relevance of submitted evidence.

26. Arbitration and Platform Decision

All disputes shall be subject to PayBito's dispute resolution process. PayBito's decision shall be final and binding on all participants. Where external arbitration applies, the applicable arbitration rules shall govern. The Payer waives the right to challenge platform dispute decisions except where expressly permitted by applicable law.

27. Split Decision Authority

PayBito retains the authority to issue split decisions in dispute resolution, allocating escrow funds between disputing parties based on evidence submitted. Split decisions are final and binding.

28. Refunds

Refunds from funded escrow are not available except:

• Where a dispute is resolved in favour of the Payer
• Where the escrow contract is voided by PayBito
• Where all participants consent to cancellation
• Where required by applicable law

Refunds, where issued, are subject to applicable deductions for fees incurred.

29. Chargeback Liability

The Payer is solely liable for any chargebacks initiated in connection with escrow funding. Chargeback liability includes:

• The full chargeback amount
• Chargeback fees imposed by card networks
• Platform penalty fees
• Any losses incurred by PayBito or other participants

30. Fraud Review

PayBito reserves the right to conduct fraud reviews on any escrow transaction or Payer account at any time. During a fraud review, PayBito may freeze escrow funds, suspend account access, and request additional verification. The Payer is obligated to cooperate fully with fraud review procedures.

31. Loss Allocation

Where losses arise from a Payer's actions, omissions, misrepresentations, or breach of these Terms, the Payer shall bear full responsibility for such losses. PayBito may recover losses from escrow funds held or from the Payer directly.

32. Platform Enforcement Rights

PayBito reserves the right to enforce these Terms through all available legal and operational mechanisms including:

• Account suspension or termination
• Escrow fund freeze or forfeiture
• Legal proceedings
• Reporting to regulatory authorities
• Debt recovery actions

33. No Guarantee of Commercial Performance

PayBito makes no representations or warranties regarding the commercial outcome of any escrow-backed transaction. The Payer assumes all commercial risk associated with the underlying transaction. PayBito's role is limited to holding and releasing funds per the escrow configuration.

34. Limitation of Liability

To the maximum extent permitted by applicable law, PayBito's liability to the Payer shall be limited to the lesser of:

• The total escrow amount held at the time of the relevant event; or
• Fees paid by the Payer to PayBito in the preceding twelve months

PayBito shall not be liable for indirect, incidental, consequential, or punitive damages of any kind.

35. No Agency

Nothing in these Terms creates an agency, partnership, joint venture, or employment relationship between the Payer and PayBito. PayBito acts solely as an escrow platform operator. The Payer may not represent itself as an agent or representative of PayBito.

36. Termination

The Payer may cease use of the escrow product at any time. However, termination of account access does not terminate:

• Active escrow contracts
• Funding obligations
• Dispute obligations
• Chargeback or fraud liabilities
• Pending investigations or unresolved settlements

PayBito may suspend or terminate the Payer's access immediately for fraud, abuse, legal compliance, sanctions compliance, AML concerns, operational security, chargeback abuse, or platform integrity. Termination shall not affect PayBito's enforcement rights.

37. Survival

The following provisions survive termination of these Terms or the Payer's account:

• Payment and dispute liabilities
• Arbitration and chargeback liabilities
• Fraud and compliance obligations
• Sanctions obligations and refund obligations
• Loss recovery rights and limitation of liability
• Audit rights and enforcement rights

Survival remains effective until fully discharged.

38. Governing Law

These Terms shall be governed by the laws of the jurisdiction designated by PayBito. PayBito may designate or modify governing jurisdiction where necessary based on operational structure, legal requirements, regulatory requirements, or product structure. Mandatory consumer protections, where applicable by law, shall remain unaffected.

39. Document Hierarchy

In the event of conflict, the following order of precedence shall apply:

The higher-ranking document shall prevail. For fee disputes, the fee schedule effective at the time of the transaction shall govern.

40. Acceptance

By taking any of the following actions, the Payer acknowledges and agrees to these Terms in full:

• Creating an escrow contract
• Funding an escrow
• Participating as a Payer
• Initiating disputes
• Continuing use of the escrow product