Please read these Terms of Service carefully before using the Buselor platform. By registering for a
Buselor Account, you agree to be bound by these Terms.
Introduction
Welcome to Buselor. These Terms of Service ("Terms") govern your access to and use of the Buselor
platform, APIs, websites, and associated services (collectively, the "Services"). The Services are
provided by Buselor Commerce ("Buselor", "we", "our", or "us"). By creating an account or using the
Services, you enter into a binding legal agreement with us.
Buselor is a modern commerce infrastructure provider designed to facilitate secure transactions, manage
settlements, and provide robust APIs for digital businesses. We act as a technology provider and payment
facilitator, but we are not a bank. The funds held in your Buselor wallets are managed through our
network of licensed banking partners.
Key Definitions
Buselor
Account
The primary digital profile
created by a user to access the Services.
Settlement
ID
A unique identifier assigned to
a specific batch of finalized transactions ready for payout.
Transaction
Rails
The underlying network
protocols used to route and process payments on the Buselor platform.
verified_user
Rail One (Buselor Protected)
Our standard
processing tier featuring comprehensive fraud analysis and escrow-like holding periods before
settlement.
bolt
Rail Two (Buselor Express)
An expedited
processing tier designed for trusted merchants requiring near-instant settlement.
Main
Wallet
The primary ledger reflecting
settled, available funds that can be withdrawn.
Commitment
Wallet
A restricted ledger holding
funds reserved for ongoing transactions, disputes, or regulatory holds.
Pending
Payout Wallet
A ledger reflecting funds that
have cleared processing but are awaiting transfer to external bank accounts.
Account Registration
- Accurate Information: You must provide accurate, current, and complete information
during registration and keep it updated.
- Security: You are responsible for safeguarding your account credentials and
employing strong security practices, including two-factor authentication.
- Notify Us: You must immediately notify Buselor of any unauthorized use of your
account or any other breach of security.
- Responsible Use: You remain solely responsible for all activities that occur under
your Buselor Account.
The Buselor Commerce API
Acceptance & Keys
Access to the Buselor Commerce API requires valid API keys. You must treat these keys as highly
confidential. Any API call made using your keys will be attributed to you.
Security & Compliance
You agree to adhere to all API documentation and security guidelines provided by Buselor. You must not
attempt to circumvent any rate limits or security protocols.
Data Processing
When you submit data to the API, you represent that you have all necessary rights and consents to process
that data in accordance with applicable privacy laws.
Buselor will process API data solely to provide the Services, maintain system integrity, and comply with
legal obligations. We employ industry-standard encryption for data in transit and at rest.
Disclaimer of Warranties
THE BUSELOR SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT ANY
WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
Limitation of Liability
IN NO EVENT SHALL BUSELOR BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL,
CONSEQUENTIAL OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL,
OR OTHER INTANGIBLE LOSSES, RESULTING FROM YOUR ACCESS TO OR USE OF OR INABILITY TO ACCESS OR USE THE
SERVICES.
Governing Law and Dispute Resolution
These Terms shall be governed by and construed in accordance with the laws of the Federal Republic of
Nigeria, without regard to its conflict of law provisions. Any disputes arising out of these Terms shall
be subject to the exclusive jurisdiction of the courts located in Lagos, Nigeria.
If you have any questions about these Terms, please contact our legal team at support@buselor.com.