Welcome to LYNQD. These Terms & Conditions (“Terms”) govern your access to and use of the LYNQD website, software, point-of-sale systems, payment processing services, and related products and services (collectively, the “Services”) provided by LYNQD (“LYNQD,” “we,” “us,” or “our”).

By accessing or using the Services, you agree to be bound by these Terms.

1. Eligibility & Acceptance

You must be at least 18 years old and capable of forming a legally binding contract to use the Services. By using LYNQD, you represent and warrant that you meet these requirements.

If you are using the Services on behalf of a business entity, you represent that you have authority to bind that entity.

2. Description of Services

LYNQD provides:

• Payment processing solutions

• Point-of-sale (POS) systems

• Software integrations and reporting tools

• Payment gateway connectivity

• Merchant account facilitation through acquiring bank partners

LYNQD is not a bank or financial institution, or payment processor. Payment processing services are provided through third-party payment processors, acquiring banks, gateways, and networks.

3. Merchant Responsibilities

You agree to:

• Provide accurate, complete, and current business and financial information

• Comply with all applicable laws, including payment network rules (Visa, Mastercard, etc.)

• Maintain PCI compliance and safeguard cardholder data

• Only process transactions for lawful goods and services

You are solely responsible for:

• Your products/services

• Customer disputes and refunds

• Chargebacks and fraud

• Tax reporting and compliance

4. Prohibited Use

You may not use LYNQD for:

• Illegal or fraudulent transactions

• High-risk or restricted industries without approval

• Money laundering or deceptive practices

• Processing transactions on behalf of third parties without authorization

LYNQD reserves the right to suspend or terminate accounts engaging in prohibited activity.

5. Fees & Pricing

Fees for Services may include, but are not limited to:

• Transaction fees

• Monthly service fees

• Hardware costs

• Chargeback fees

• Point-of-sale Fees

• Early termination fees (if applicable)

All fees will be disclosed in your point of sale or merchant agreement or pricing schedule.

LYNQD reserves the right to update pricing with notice.

6. Payment Processing & Settlement

• Transactions are processed through third-party payment processors and acquiring banks

• Settlement timing depends on processor, bank, and risk review

• By decision of 3rd party institutions, funds may be delayed, held, or reserved based on risk, compliance, or disputes

LYNQD is not responsible for delays caused by processors, banks, or card networks.

7. Chargebacks & Disputes

You are responsible for:

• All chargebacks and retrieval requests

• Associated fees and penalties

• Providing documentation for dispute resolution

LYNQD may assist but does not guarantee successful dispute outcomes.

8. Hardware & Equipment

If you use LYNQD-provided hardware:

• You are responsible for proper use and care

• Devices must not be tampered with or modified

• Lost or damaged equipment may incur replacement fees

9. Third-Party Services

LYNQD integrates with third-party providers, including:

• Payment gateways

• Acquiring banks

• Accounting software

• POS integrations

We are not responsible for:

• Third-party outages

• Data inaccuracies

• Changes to third-party services

10. Data & Privacy

Your use of the Services is also governed by our Privacy Policy.

You agree:

• Not to store sensitive payment data unless PCI compliant

• To protect customer information

• That LYNQD may process and store data as necessary to provide Services

11. Intellectual Property

All LYNQD software, branding, and systems are owned by LYNQD LLC or its licensors.

You are granted a limited, non-transferable, non-exclusive license to use the Services.

You may not:

• Copy, modify, or reverse engineer the platform

• Resell or sublicense without authorization

12. Account Suspension & Termination

LYNQD may suspend or terminate your account if:

• You violate these Terms

• You engage in risky or prohibited activity

• Required information is not provided

• Directed by a payment processor, bank, or regulatory authority

You may terminate your use of the Services at any time, subject to any contractual obligations.

13. Limitation of Liability

To the maximum extent permitted by law:

LYNQD shall not be liable for:

• Indirect, incidental, or consequential damages

• Lost profits or revenue

• Data loss

• Processor or bank-related interruptions

Total liability shall not exceed the fees paid to LYNQD in the preceding 3 months, unless otherwise agreed to with the Merchant Processing Application or LYNQD/Next Choice Point of Sale Agreement.

14. Indemnification

You agree to indemnify and hold harmless LYNQD from any claims, damages, or losses arising from:

• Your use of the Services

• Your business operations

• Violations of law or these Terms

15. No Warranty

Services are provided “as is” and “as available.”

LYNQD makes no guarantees regarding:

• Uptime or uninterrupted service

• Approval of transactions

• Processor or bank decisions

16. Compliance & Monitoring

LYNQD may:

• Monitor transactions for fraud and compliance

• Report suspicious activity as required by law

• Request additional documentation at any time

17. Changes to Terms

We may update these Terms at any time. Continued use of the Services constitutes acceptance of the revised Terms.

18. Governing Law

These Terms are governed by the laws of the State of Florida, without regard to conflict of law principles.

19. Contact Information

For questions, support, or legal inquiries, contact:

Email: support@lynqd.com

20. Entire Agreement

These Terms, along with any merchant agreements or pricing schedules, constitute the entire agreement between you and LYNQD.