TERMS OF SERVICE

Last updated: 20 February 2025

Vysoty, LLC (“Vysoty,” “Company,” “we,” or “us”) is a limited liability company that provides cryptocurrency payment processing and related services (collectively, the “Services”) via its website located at www.vysoty.kg (the “Website”) and any related applications or platforms that enable you to accept cryptocurrencies or other digital assets in exchange for goods or services you provide to your customers.

These Terms of Service (“Terms,” “Agreement”) govern your access to and use of the Services provided by the Company and constitute a legally binding agreement between Vysoty and you or the entity you represent. Please read these Terms carefully before using the Services.

IMPORTANT NOTICE ON THIRD-PARTY SERVICES

Certain interactions with external service providers may be governed by their own terms and conditions, which are independent of these Terms. Please see Section 3 below for more information.

IMPORTANT NOTICE ON DISPUTE RESOLUTION

Section 12 contains an arbitration clause and class action waiver. By agreeing to these Terms, you consent to resolve all disputes through binding individual arbitration, waiving your right to a trial by judge or jury, and waiving your right to participate in class or representative actions.

1. TERMS BINDINGNESS

1.1. Acceptance of Terms

You are considered a party to this Agreement and deemed to have agreed to the Terms by creating an account on our Website or by otherwise using our Services. By doing so, you represent and warrant that:

1.2. Modifications to the Terms

Vysoty reserves the right to change or update these Terms at its sole discretion. In the event of any change, we will update the “Last Updated” date at the top of these Terms. By continuing to use our Services after the date of the updated Terms, you consent to the changes. We recommend visiting this page regularly for updates.

1.3. Disclaimer

ALL INFORMATION AND SERVICES PROVIDED ON OUR WEBSITE ARE OFFERED ON AN “AS IS” BASIS, WITHOUT ANY WARRANTY WHATSOEVER. IF YOU DO NOT AGREE TO THESE TERMS, PLEASE DISCONTINUE USING THE SERVICES IMMEDIATELY.

2. SERVICES

2.1. Crypto Processing

Vysoty provides access to a web-based platform that enables you to accept various digital assets (“Digital Assets”) as payment for your goods or services (“Customers”). Digital Assets refer to assets (often called “cryptocurrencies” or “virtual currencies”) that use cryptographic protocols or distributed ledger technology.

You authorize us to receive and temporarily hold or exchange Digital Assets on your behalf and to deduct any applicable fees or other costs. Payment from a Customer to Vysoty is deemed equivalent to payment made directly to you. While Vysoty holds Digital Assets on your behalf, you remain the owner of those Digital Assets.

2.2. Crypto Custody

We provide a secured digital wallet for storing, exchanging, and withdrawing Digital Assets. You may withdraw your Digital Assets at any time, subject to any applicable transaction limits or legal restrictions. You are solely responsible for the accuracy of the address and other information necessary for withdrawals. Because blockchain transactions are irreversible, Vysoty cannot reverse or recall a transaction once it has been broadcast to the network.

2.3. Crypto-to-Crypto Exchange

Vysoty may offer the ability to exchange one form of Digital Asset for another. If you engage in such exchange transactions, we will provide you with an exchange rate and any further instructions required to complete the transaction.

3. THIRD-PARTY SERVICES

3.1. Third-Party Service Providers

Vysoty may integrate or allow access to services from third-party providers (“Third-Party Services”). We reserve the right to modify, add, or discontinue access to any Third-Party Services at any time.

3.2. Disclaimer of Third-Party Liability

Third-Party Services available through the Website are operated by external entities, not by Vysoty. We make no representations or warranties regarding these Third-Party Services, and we bear no responsibility for their accuracy or reliability. You acknowledge that you may be subject to additional terms and conditions imposed by such third parties.

3.3. Access Restrictions

Third-Party Service providers may impose geographic or other eligibility restrictions. Your access to such services depends on compliance with the provider’s terms. Vysoty is not responsible for any denial of service by these providers.

3.4. Independent Terms

Where Third-Party Services have terms different from these Terms, you may be required to agree to their conditions in order to use such services. Vysoty is not liable for any loss or damage arising from your use of or reliance upon Third-Party Services.

4. FEES

4.1. Fee Structure

Any fees applicable to the Services will be displayed on our Website or within your account dashboard. Vysoty reserves the right to modify its fee structure at any time, including introducing new fees for new or existing Services.

4.2. Notification of Fee Changes

We may notify you of changes in fees through email, Website announcements, or other electronic means.

4.3. Payment in Digital Assets

In most cases, fees are charged in the same Digital Asset used for a given transaction. It is your responsibility to ensure that you have sufficient balance to cover these fees.

5. YOUR ACCOUNT, RIGHTS, OBLIGATIONS, AND LIABILITY

5.1. Account Registration and AML Compliance

When creating an account (“Account”), you may be required to provide personal or business information (e.g., name, contact details, nature of business, expected transaction volume) in compliance with anti-money laundering (“AML”) and counter-terrorist financing regulations. Vysoty may request additional documentation as needed. For more information, please review our AML Policy.

5.2. Accuracy of Information

You must provide and maintain accurate and complete information about yourself or your business. We reserve the right to refuse, restrict, or close your Account if the information provided is incomplete, inaccurate, or unsatisfactory.

5.3. Prohibited Activities

You agree not to use our Services for any prohibited activities (“Prohibited Activities”). This list is non-exhaustive and includes, but is not limited to:

We reserve the right to determine, in our sole discretion, whether an activity constitutes a Prohibited Activity.

5.4. User Obligations

When using the Services, you agree to:

5.5. Taxes

You are responsible for determining any taxes that apply to your transactions using our Services. Vysoty disclaims any liability for your tax obligations, reporting, or remittance.

5.6. Suspension of Transactions

Vysoty may delay or refuse to process a transaction if required by law or if we believe, in our sole discretion, that the transaction is linked to fraud, illegal activities, or other suspicious circumstances.

6. VYSOTY’S RIGHTS AND OBLIGATIONS

6.1. Service Modifications

Vysoty may alter, suspend, or discontinue any aspect of the Services at its sole discretion, without liability to you.

6.2. No Control Over User’s Business

We do not monitor or control your business operations or transactions with your Customers. However, we may investigate, suspend, or terminate your access to the Services or refuse transactions if we reasonably believe such activities violate these Terms, applicable laws, or could harm the Company’s or the public’s interests.

7. LIMITED INTELLECTUAL PROPERTY LICENSE

7.1. Ownership

All intellectual property rights, including copyrights and trademarks related to our Website, software, or other materials, belong to Vysoty or its licensors.

7.2. License Grant

Subject to your compliance with these Terms, Vysoty grants you a limited, non-transferable, non-sublicensable, and non-exclusive license to use the Services for personal or internal business purposes.

7.3. Restrictions

You shall not (i) sublicense, sell, rent, lease, transfer, or otherwise commercially exploit the Services; (ii) reverse engineer or otherwise seek to obtain source code; or (iii) incorporate the Services into a product or service you provide to a third party without our prior written consent.

8. DISCLAIMER OF WARRANTIES

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE,” WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. VYSOTY DOES NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

9. LIMITATION OF LIABILITY

TO THE EXTENT PERMITTED BY APPLICABLE LAW, NEITHER VYSOTY NOR ANY AFFILIATE, SHAREHOLDER, DIRECTOR, OFFICER, EMPLOYEE, OR AGENT SHALL BE LIABLE FOR (I) ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES; (II) DAMAGES FOR LOSS OF PROFITS, REVENUE, DATA, OR BUSINESS; OR (III) ANY AMOUNT EXCEEDING ONE HUNDRED U.S. DOLLARS (USD $100.00).

Vysoty shall not be liable for losses of Digital Assets resulting from security breaches or user negligence (e.g., loss of private keys, unauthorized access, device hacks). You assume full responsibility for safeguarding your credentials and digital wallets.

10. INDEMNITY

You agree to defend, indemnify, and hold Vysoty, its affiliates, shareholders, directors, officers, employees, and agents harmless from any claims, damages, liabilities, costs, or expenses (including attorneys’ fees) arising from or related to:

11. TERM AND TERMINATION

11.1. Term

These Terms commence upon your acceptance and continue until terminated by either you or Vysoty under the conditions set forth herein.

11.2. Company-Initiated Termination

We may limit, suspend, or terminate your Account or access to the Services at any time, including without limitation for:

11.3. User-Initiated Termination

You may close your Account at any time, subject to settling any outstanding balances or obligations. We may refuse your request if there are pending investigations or unresolved disputes.

11.4. Effects of Termination

Upon closure or termination of your Account, you have up to 30 days to withdraw your Digital Assets, subject to applicable fees and any legal or operational restrictions. If you fail to withdraw them, Vysoty may charge a recovery fee or deem such assets unclaimed, as allowed by applicable law.

12. ARBITRATION, CLASS ACTION WAIVER, AND GOVERNING LAW

12.1. Initial Negotiation

In the event of a dispute, you agree to first attempt to resolve the issue by contacting us. If no resolution is reached, the dispute will be subject to binding arbitration.

12.2. Binding Arbitration

YOU AGREE THAT ANY DISPUTES SHALL BE RESOLVED EXCLUSIVELY THROUGH FINAL AND BINDING ARBITRATION, ON AN INDIVIDUAL BASIS, AND YOU WAIVE THE RIGHT TO A JURY TRIAL. The arbitration shall be confidential, conducted in the English language, and presided over by a sole arbitrator.

12.3. Class Action Waiver

YOU AGREE NOT TO PARTICIPATE IN OR BRING A CLASS ACTION, CLASS ARBITRATION, OR ANY OTHER REPRESENTATIVE PROCEEDING AGAINST VYSOTY.

12.4. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the jurisdiction in which Vysoty is organized, without giving effect to any conflict of law principles.

13. PRIVACY

By using the Services, you acknowledge that Vysoty may collect and process certain information about you. Please review our Privacy Policy for information on how we handle your personal data.

14. FORKS AND AIRDROPS

Because blockchain-based Digital Assets are often subject to changes in protocol or “forks,” as well as potential “airdrops,” you acknowledge that these events may affect the value, function, or name of the relevant Digital Asset. Vysoty may determine, at its discretion, whether to support or ignore any resulting assets from such forks or airdrops. You accept the risks associated with forks and airdrops and agree that Vysoty shall bear no liability for any losses or missed opportunities arising from these events.

15. MISCELLANEOUS

15.1. Force Majeure

Vysoty shall not be liable for any delay or failure to perform resulting from causes beyond its reasonable control, including natural disasters, acts of civil or military authorities, terrorist acts, war, labor disputes, or changes in applicable laws or regulations.

15.2. Assignment

We may assign or transfer our rights and obligations under these Terms without notice or consent from you. You may not assign or transfer these Terms without our written consent.

15.3. Refunds

You agree that disputes or legal actions regarding refunds are solely between you and your Customer. We are not a party to transactions between you and your Customers and disclaim liability for the quality, legality, or delivery of any goods or services.

15.4. Notices

We will provide notices or other communications regarding modifications to these Terms or other important updates by posting information on our Website or through other electronic means. You consent to receive such communications electronically and agree that such notices will be legally binding.

15.5. No Waiver

Any delay or failure by Vysoty to assert a right or enforce an obligation under these Terms shall not be deemed a waiver of such right or obligation.

15.6. Severability

If any provision of these Terms is found to be unenforceable under applicable law, the remaining provisions shall remain in full force and effect.

15.7. Entire Agreement

These Terms, along with any additional agreements or policies referenced herein, constitute the entire agreement between you and Vysoty concerning the Services and supersede any prior or contemporaneous agreements, communications, or understandings.

If you have any questions about these Terms, please contact us at:
Vysoty, LLC
Address: 46, 76, Skryabin str., Bishkek, Kyrgyz Republic
Website: www.vysoty.io E-mail: [email protected]

By continuing to use the Services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.