Last Updated: June 8, 2026

1. Introduction & Relationship to General Terms

This Financial Services Agreement ("Financial Terms") governs your use of OjahmiPay, the integrated proprietary payment processing architecture built and managed by Yusmid International Ltd ("Ojahmi", "we", "us"). By enabling payment collection on your storefront, you agree to these Financial Terms. This agreement sits alongside our General Terms of Service; if there is any conflict regarding financial processing, these Financial Terms will take absolute legal precedence.

2. Scope of Financial Infrastructure

OjahmiPay serves strictly as a technical payment processor and facilitator. We enable your storefront to securely accept debit cards, credit cards, bank transfers, mobile money, and USSD payments from buyers.

• No Banking Relationship: OjahmiPay is not a bank, a microfinance institution, or a licensed deposit-taking entity. We do not hold your money as deposits, pay interest, or extend credit lines.

• Fiduciary Role: Funds collected via your storefront are processed through licensed settlement banks and gateway partners in your active jurisdictions and are held in secure escrow/holding routing paths solely for the purpose of clearing and payout disbursement.

3. Know Your Customer (KYC) & Know Your Business (KYB) Compliance

To prevent payment fraud, terror financing, and money laundering, OjahmiPay enforces strict, non-negotiable verification tiers across all supported jurisdictions.

3.1 Verification Tiers & Triggers

Depending on your operational country and your weekly transaction velocity, you are required to submit and link the following to your OjahmiPay dashboard:

• Tier 1 (Individual/Micro-Merchant): Full legal name, verified phone number, functional bank account matching your registration name, and a valid government ID (e.g., NIN/BVN in Nigeria, National ID in Kenya/Ghana/Egypt, South African ID).

• Tier 2 (Registered Business/Corporate): All Tier 1 requirements plus corporate registration documents (e.g., Corporate Affairs Commission [CAC] certificates in Nigeria, KRA registration in Kenya, or corresponding business certificates in your home country).

3.2 Right to Inspect and Freeze

OjahmiPay reserves the unilateral right to instantly suspend payment processing or pause withdrawals if we discover that any verification document provided is expired, falsified, or belongs to a third party.

4. Multi-Currency Operations & Foreign Exchange (FX)

OjahmiPay is built to route transactions globally. We natively support processing and settlement across the following currency frameworks:

• West Africa: Nigerian Naira (NGN), Ghanaian Cedi (GHS), West African CFA Franc (XOF)

• East Africa: Kenyan Shilling (KES)

• Southern Africa: South African Rand (ZAR)

• North Africa: Egyptian Pound (EGP)

• Central Africa: Central African CFA Franc (XAF)

• International: United States Dollar (USD)

4.1 Conversion & Exchange Rates

If an international buyer purchases an item from your store using USD, but your default store payout currency is NGN (or vice versa), OjahmiPay will automatically apply a dynamic commercial foreign exchange rate at the point of checkout. This rate is calculated using real-time interbank values plus a standard cross-border liquidity fee. OjahmiPay is not liable for fluctuations in currency valuation between the time of purchase and the time of payout.

5. Payout Mechanics, Settlements, & Reserves

Once a buyer successfully transacts on your storefront, the processed funds accumulate in your OjahmiPay ledger balance.

5.1 Settlement Timelines

Payouts are disbursed to your linked local bank account or mobile money wallet within a window of 1 minute to 48 hours. The exact timing depends on:

• Your country of residence.

• The specific payment mechanism used by the buyer (e.g., instant bank transfers vs. international credit cards).

• Operational banking holidays or settlement clearing windows in your respective jurisdiction.

5.2 The Rolling Reserve Clause

To mitigate financial risk, OjahmiPay reserves the explicit legal right to implement a Rolling Reserve on accounts displaying high-risk characteristics (e.g., sudden spikes in volume, high cancellation rates, or luxury items susceptible to fraud). A Rolling Reserve means a fixed percentage (e.g., 5% to 10%) of your daily revenue is temporarily held for a specific period (e.g., 14 to 30 days) to cover potential customer chargebacks or disputes, after which the funds are automatically released to your standard balance.

6. Chargebacks, Disputes, & Transaction Reversals

A chargeback occurs when a buyer contacts their card-issuing bank or mobile money operator to formally dispute a charge originating from your storefront (claiming fraud, non-delivery, or broken items).

6.1 Absolute Merchant Financial Liability

Because you maintain direct operational control of your products, you are 100% financially liable for all chargebacks, transaction reversals, and retrieval requests lodged against your store.

• When a chargeback is initiated, the disputed amount will be immediately deducted from your pending OjahmiPay balance, along with an administrative chargeback processing fee levied by the payment networks.

• If your OjahmiPay balance is negative due to a chargeback deduction, you are legally obligated to fund your account within forty-eight (48) hours. Failure to do so gives OjahmiPay the right to legally claw back the debt from your linked payout accounts or pursue collection frameworks.

6.2 Chargeback Monitoring & Store Termination

Storefronts that exceed a monthly chargeback threshold of 1% of total transaction volume will be classified as a high-risk liability. OjahmiPay reserves the right to permanently deactivate payment processing infrastructure for any merchant exceeding this threshold to protect our payment network integrity.

7. Prohibited Financial Activities & System Abuse

You strictly agree that you will not utilize OjahmiPay infrastructure to engage in any of the following manipulative or illegal practices:

• Cash-outs / Self-Financing: Utilizing your own storefront to run your personal credit or debit cards to manufacture artificial cash withdrawals to your bank account.

• Double-dipping: Accepting direct cash or external banking transfers from a buyer for an order, while simultaneously processing the exact same payment sequence through OjahmiPay to duplicate revenue records.

• Factoring: Processing payments through your OjahmiPay account on behalf of an unrelated, unregistered third-party business.

8. Financial Service Fees & Taxes

OjahmiPay charges a processing fee per transaction, which is visible inside your admin panel settings.

• Fee Deductions: Fees are automatically deducted at the exact microsecond a transaction clears, meaning your ledger balance always reflects your net earnings.

• Tax Responsibility: You are solely responsible for calculating, reporting, collecting, and remitting any applicable value-added taxes (VAT), digital service taxes, withholding taxes, or sales taxes levied by your country’s tax authorities (e.g., FIRS in Nigeria, KRA in Kenya, SARS in South Africa) on products sold through your store. OjahmiPay does not act as a tax withholding agent unless explicitly mandated by statutory local decrees.