Terms and Conditions

TERMS AND CONDITIONS

INTRODUCTION
PAYBOOM, S.A.S. de C.V. (hereinafter, “PAYBOOM”) is a variable capital stock corporation duly incorporated under the laws of the United Mexican States, with its registered office at Calle Huatusco 19, interior number 12, Colonia Roma Sur, 06760, Mexico City.
Use of our services implies full acceptance of these terms and conditions, which govern the contractual relationship between PAYBOOM and its clients.
PAYBOOM’s purpose is to provide electronic payment processing services for merchants with varying levels of risk, including domestic and international merchants.

SERVICES OFFERED
PAYBOOM has developed payment processing software that is integrated with a number of providers, allowing it to carry out electronic operations for the acceptance and processing of various payment methods, including:
a) Payments by credit and debit card, in accordance with low-value payment systems of different jurisdictions and with PCI DSS security standards;
b) Bank transfers, subject to the regulatory provisions of each jurisdiction;
c) Cash payments, through authorized retail networks that act as service correspondents; and
d) Direct debit.

PROCESSING GATEWAY AND ACCESS
PAYBOOM provides access to a technological platform (gateway) that allows merchants to manage and monitor their payment transactions. Features include:
a) Creation and assignment of users with differentiated access levels, in accordance with principles of least disclosure and need-to-know;
b) Administrative dashboard with control, monitoring, and transaction reporting functions;
c) Detection of fraudulent transactions;
d) Follow-up on chargebacks, fraud, and other end-user reports;
e) Generation of financial, transactional, and operational reports;
f) Downloading of account statements and viewing of movements in real time.

CONDITIONS OF USE
Clients who use PAYBOOM’s services must keep their access credentials confidential, use the service only for lawful commercial purposes and in accordance with applicable regulations, including the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin, and ensure the accuracy of the information provided. “