Terms of Service

These Terms of Service ("Terms") govern your access to and use of the LF Pay payment gateway, APIs, dashboard, plugins, and related services ("Service") provided by LF Labs ("Company," "we," "us"). By using the Service, you agree to be bound by these Terms.

1. Eligibility

You must be at least 18 years old and legally capable of entering into binding contracts to use the Service. The Service is intended for registered businesses and merchants. You represent that you have the authority to bind your business to these Terms. The Service may not be available in all jurisdictions — you are responsible for ensuring compliance with local laws.

2. Merchant Account

To use the Service, you must create a merchant account and provide accurate, complete business information. You are responsible for maintaining the confidentiality of your API keys, login credentials, and account security. You must notify us immediately of any unauthorized use. We reserve the right to suspend or terminate accounts that violate these Terms.

3. Payment Processing

LF Pay facilitates cryptocurrency payment acceptance and fiat settlement for merchants. We process payments in supported cryptocurrencies (500+) and convert them to your chosen fiat currency via the LF Swap aggregator. Settlement times depend on your merchant tier: Standard (T+2), Business (T+1), Enterprise (Same Day). We do not guarantee specific exchange rates — conversion occurs at the best available market rate at the time of transaction. Transactions are final once confirmed on the blockchain.

4. Fees

Gateway fees are charged per transaction based on your merchant tier: Standard (1.0%), Business (0.75%), Enterprise (0.5%). Fees are deducted from the settlement amount before disbursement. Blockchain network fees (gas) are borne by the customer. 35% of all gateway fee revenue is allocated to $LF buyback-and-burn during Phase 1 of the LF Labs dual-phase burn model. Fee schedules may change with 30 days prior notice.

5. $LF Token Staking

Access to Business and Enterprise tiers requires staking $LF tokens (50,000 and 250,000 respectively). Staked tokens are locked for the duration of tier enrollment. Unstaking will result in automatic downgrade to Standard tier. Staking smart contracts are audited by CertiK. LF Labs is not responsible for $LF token price fluctuations.

6. Customer Cashback

LF Pay distributes cashback in $LF to end-customers who pay using $LF token (2–5% depending on merchant tier). Cashback amounts are calculated at the time of transaction and distributed to the customer's wallet. Cashback $LF is purchased from the open market.

7. Prohibited Uses

You may not use the Service for illegal activities, money laundering, terrorist financing, sanctions evasion, sale of prohibited goods or services, fraud or deception, market manipulation, or any purpose that violates applicable laws. We reserve the right to refuse service, freeze funds, and report suspicious activity to relevant authorities.

8. Intellectual Property

All rights, title, and interest in the Service, including software, APIs, documentation, trademarks, and design, are owned by LF Labs. You are granted a limited, non-exclusive, non-transferable license to use the Service in accordance with these Terms. You may not reverse-engineer, copy, or create derivative works of the Service.

9. API Usage

API access is subject to rate limits based on your merchant tier. You must keep API keys confidential. You may not share, sell, or sublicense API access. We may throttle or suspend API access for excessive use or abuse. API documentation is available at docs.pay.lflabs.fund.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, LF LABS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE SERVICE. OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT OF FEES PAID BY YOU IN THE 12 MONTHS PRECEDING THE CLAIM. THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.

11. Indemnification

You agree to indemnify and hold harmless LF Labs, its officers, employees, and affiliates from any claims, damages, losses, or expenses arising from your use of the Service, your violation of these Terms, or your violation of any third-party rights.

12. Modifications

We may modify these Terms at any time. Material changes will be communicated via email and posted on our website with 30 days notice. Continued use of the Service after the effective date constitutes acceptance.

13. Termination

Either party may terminate the relationship at any time. Upon termination, pending settlements will be processed within 30 days. Staked $LF tokens will be returned after the standard unbonding period. Sections 7, 8, 10, 11, and 14 survive termination.

14. Governing Law

These Terms shall be governed by and construed in accordance with applicable laws. Any disputes arising from these Terms shall be resolved through binding arbitration. Nothing in these Terms constitutes financial, investment, legal, or tax advice.

15. Contact

Email: legal@lflabs.fund
General: support@lflabs.fund
Website: lflabs.fund