I. ACCEPTANCE OF TERMS
It is understood that by clicking “I Agree” or “I Accept”, or by submitting payment information through the Service you agree to the terms and conditions of this Agreement. Further, you agree that this constitutes a legally binding contract between you and WEEPAY.COM. We encourage you to print and review the Agreement before carrying out any transaction or availing of any of the services offered through the Site.
WEEPAY.COM may modify these Terms at any time and at its sole discretion. While WEEPAY.COM undertakes the responsibility of notifying the User regarding any changes or modifications in the website or its related services, the User is likewise expected to be continually updated of the changes or revisions by periodically reviewing the website. Continued access or use of the website shall be deemed a conclusive acceptance of these Terms and modifications hereof, if any.

II. GENERAL DESCRIPTION OF WEEPAY.COM SERVICES
WEEPAY.COM is an owner of a multi-interface payment portal, which facilitates and enables its account holders to enjoy fast, secured and efficient online and SMS payment for purchase of goods and services from third party and receive payment for goods or services sold or rendered to Weepay merchants
WEEPAY.COM is protected by 128-bit SSL encryption technology that protects member’s personal and transactional information, including but without limitation to fund, fund movement, credit and credit wallet against unauthorized and fraudulent intervention.

III. PRINCIPAL-AGENT RELATIONSHIP
The Member engages the services of WEEPAY to facilitate the transfer of funds in payment of pecuniary obligations to third party and the receipt of funds from third party in payment of pecuniary obligations of third party in Member’s favor.

WEEPAY acts as agent of the Member. Subject to the terms and conditions of use as herein or may hereinafter defined, Weepay shall transfer funds from the digital wallet of the Member only upon the direction of the latter. The Member acknowledges that Weepay is not liable to pay interest to the funds transferred by the Member to the digital wallet regardless of the length of time during which the fund is in the custody of Weepay. The same rule applies to funds transferred by third party in favor of the Member. Notwithstanding the transfer of funds from the digital wallet upon the direction of the Member and until after receipt thereof by third party, the Member remains the owner of the fund.

IV. ACCOUNT ACTIVATION
Before the Member could avail of the services, the Member should register and activate his account by submitting a duly accomplished application form. Except for Unverified Personal Account holders, which are not required to submit any identification, the form should be accompanied by the required documents as detailed in the Membership requirements page.

V. OBLIGATION OF THE MEMBER
The Member shall activate digital credit wallet to which he shall transfer fund before availing of the service in accordance with the procedure defined for the portal.

The Member shall ensure that it has sufficient fund before entering into any transaction with third party. WEEPAY shall not be liable for any loss, damage or unrealized profit, which the Member may suffer in the event such third party cancels, rescinds, or terminates the transaction with the Member in case WEEPAY could not effect payment to such third party for lack of sufficient fund of the Member.

The Member shall ensure and warrant that the transaction he enters into for which the service is availed of is not contrary to law, moral, customs and usage.

The Member shall ensure that he enters into a transaction with a third party capable of complying with its obligations. Weepay shall not be liable for the loss of funds transferred to third party upon his instruction in the event that such third party absconds with his funds and fails to comply with his obligation to the Member.

The Member shall ensure that the payment instruction given to Weepay is accurate. Weepay shall not be liable for the loss of fund on account of transfer thereof to third party upon instruction of the Member.

When time is of the essence, the Member shall ensure that payment instruction is given in such time and manner as to allow Weepay facilitate the transfer of fund when the period of time required or agreed upon by the Member and the third party. Weepay shall not be liable for any loss, damage or unrealized profit, which the Member may suffer in the event such third party cancels, rescinds, or terminates the transaction with the Member in case Weepay could not effect payment to such third party within the time agreed upon by them.

In case of conflicting claims over a fund received from a third party, the Member shall indemnify Weepay for the expenses, losses or damages suffered on account of initiating any action against the Member and any third party for them to interplead as who among them is entitled to such fund.

VI. OBLIGATION OF WEEPAY
Weepay shall pay third party only upon the instruction of the Member within ______ (___) hours from receipt of the instruction. Weepay shall exercise due diligence to ensure that the fund is transferred strictly in accord with the instruction of the Member. After which, Weepay shall notify the Member of the confirmation by third party of the receipt of fund as transferred.

Weepay shall notify the Member of receipt of any fund from third party and shall credit such fund to the account of the Member only upon the instruction of the Member to receive the same.

Weepay shall notify the Member of the refusal of third party to accept the fund being transferred. Weepay shall likewise notify the Member of any claim by third party to return the fund received for the Member through either email, phone or fax, as deemed necessary by the Weepay Admin Staff.

VII. PAYMENT AND FUND RECEIPT TRANSACTION
WEEPAY shall effect payment by transferring fund to the account of third party upon instruction of the Member. The Member shall submit the required payment details and requirements as indicated in the Payments Page.

VIII. RIGHTS OF WEEPAY
In consideration for the service, WEEPAY shall charge the Member reasonable service fee in such manner and amount in accordance with the Schedule of Fees.

WEEPAY has the right to refrain from transferring funds to third party or refuse receipt of funds for the Member under the following circumstances:

If the fund is intended as payment for purchase of illegal or prohibit drug or any component thereof, drug paraphernalia, and similar or related items;

 

1. Without prejudice to action for damages, which Weepay may initiate against the Member, Weepay may terminate Member’s account in the event any of the circumstances hereinabove mentioned occur.

2. Subject to reasonable notice, either by registered mail or through publication in the website, Weepay reserves the right to alter, amend or modify rules and regulations relating to membership, account activation, fund transfer and receipt transactions, schedule of fees and related matters.

3. Weepay may hold the fund retained, transferred by the Member, received for the Member for until upon the instruction of the latter as regards the disposal thereof. Weepay may retain in favor of the Member any fund in the event that a third party refused to accept the fund after the instruction of the Member to transfer the same to such third party.

4. Weepay may deposit the fund retained, transferred by the Member or receive for the Member to any bank or financial institution of its choice. Any interest or earnings acquired by Weepay by reason thereof inures to its exclusive benefit.

IX. WARRANTIES
1. The Member warrants that he is of legal age and capable of entering into legally enforceable contract. Member likewise warrant that the service is availed of only for legal purposes.

2. Weepay warrants that it has the capability to perform the obligations herein stipulated and it has authority of law to perform the service being offered. Weepay, however, does warrant that the transaction entered into by the Member shall materialize and that the goods or services purchased by the Member for which payment is effected through the service of Weepay is merchantable and compliant with the Member’s specifications and requirements.

X. TERMINATION
1. The parties may terminate the service without any reason by furnishing the other party a notice of intent hereto attached as Annex G within thirty (30) days prior to the intended date thereof.

2. Without prejudice to the provisions of Title VI paragraph 2 hereof, Weepay may terminate the service without notice to the Member in the event the Member violates this Agreement, committed or omitted acts inimical to the interest of Weepay, its officers, employees, subsidiaries, business affiliates and other members. Termination of the services shall be without prejudice to the right of Weepay to hold the Member liable for damages, if any.