Legal & Compliance

🛡️ Legal & Compliance

Last Updated: December 21, 2025

💼 What is YouBuyIPay?
YouBuyIPay is an assisted purchase service, not a money transfer or currency exchange service. We help Nigerian customers purchase goods and services from international vendors that accept USD payments.

We operate a compliance-led, invoice-based merchant facilitation model and partner with licensed payment providers.

🛡️ Regulatory Compliance

Dual Jurisdiction Operations
YouBuyIPay supports cross-border, invoice-based purchase requests with transparency and controls designed to reduce fraud, prevent misuse, and protect customers.

U.S. Regulatory Compliance

✅ Our compliance approach includes:

AML Controls: Policies and procedures designed to identify and prevent suspicious activity
Customer Verification (KYC): Identity checks and risk-based due diligence
Sanctions Screening: Screening against relevant sanctions lists for higher-risk transactions
Consumer Protection: Transparent pricing, clear terms, and dispute handling

Nigerian Regulatory Compliance

✅ Our compliance approach includes:

NDPR: Customer data privacy and security controls
AML/CFT Controls: Customer verification, transaction monitoring, and record keeping
Responsible Use: Prohibiting illegal, prohibited, or suspicious transactions

Licensing & Registration

YouBuyIPay operates as a registered business in both the United States and Nigeria. Our services are structured as invoice-based purchase facilitation, and where third-party payment processing is required, we work with licensed payment providers.

📋 Acceptable Use Policy

⚠️ PROHIBITED USES:
This service WILL NOT be used for:

❌ Money laundering or terrorist financing
❌ Illegal goods or services (drugs, weapons, counterfeit items)
❌ Gambling or betting services
❌ Adult or explicit content
❌ Peer-to-peer money transfers
❌ Currency speculation or arbitrage
❌ Transactions violating Nigerian or international laws

🔍 Know Your Customer (KYC) Requirements

To support anti-fraud and anti-money laundering (AML) controls, all users must:

Provide valid government-issued identification (NIN, Driver's License, or International Passport)
Verify phone number and email address
Provide accurate personal information
Complete KYC verification before making transactions

We reserve the right to request additional documentation for high-value or unusual transactions.

👁️ Transaction Monitoring

We actively monitor transactions for suspicious activity, including:

Unusually large or frequent transactions
Round-number transactions (e.g., exactly $1,000)
Rapid succession of payments
Inconsistent vendor information
Transactions that don't match user profile

🚫 We reserve the right to:

Refuse or cancel any transaction without explanation
Request additional documentation or verification
Freeze accounts pending investigation
Report suspicious activity to relevant authorities where required
Terminate user accounts for policy violations

📁 Record Retention

We maintain records of transactions in line with reasonable compliance and audit requirements, including:

User identification documents
Transaction details and receipts
Communication records
Payment proofs and invoices

🔒 Data Privacy & Security

Information We Collect

Personal identification (name, phone, email, address)
Government-issued ID documents
Transaction history and payment details
Vendor and purchase information

How We Use Your Data

✅ Process your purchase requests
✅ Verify your identity (KYC/AML controls)
✅ Detect and prevent fraud
✅ Comply with lawful requests and regulatory obligations where applicable
✅ Improve our services

Data Protection

We implement industry-standard security measures including:

Encrypted data transmission (SSL/TLS)
Secure database storage
Access controls and authentication
Regular security reviews

🔐 Your Rights: You have the right to access, correct, or delete your personal data. Email admin@youbuyipay.com for data requests.

💸 Refund Policy

Refunds processed only if we fail to complete the purchase
Service fee is non-refundable
Refunds processed within 7-14 business days
User error (wrong details provided) not eligible for refund

Complaints Process

Email your complaint to admin@youbuyipay.com
Include transaction reference and supporting documents
We will respond within 48 hours
Resolution provided within 7 business days

⚖️ Limitation of Liability

YouBuyIPay is not liable for:

Vendor actions (shipping delays, product quality, vendor fraud)
Currency rate fluctuations
Third-party service failures
Force majeure events (natural disasters, government actions)
User-provided incorrect information

Our liability is limited to the transaction amount only (excluding service fees).

📞 Contact Information

📧 Email: admin@youbuyipay.com
📞 Phone (US): +1 (423) 225-6370
📱 Phone (Nigeria): +234-906-143-8589
💬 WhatsApp: Chat with us on WhatsApp
🕒 Hours: Monday - Friday, 9 AM - 5 PM (WAT)

🚨 Report Fraud or Suspicious Activity:
Email us immediately at admin@youbuyipay.com. All reports are treated confidentially.

📝 Amendments

We reserve the right to update these terms at any time. Changes will be posted on this page with an updated "Last Updated" date. Continued use of our service constitutes acceptance of revised terms.

                ✅ By using YouBuyIPay, you acknowledge that you have read, understood, and agree to these
                    compliance policies and terms of service.
            