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TERMS AND CONDITIONS OF SERVICE

Last Updated: 02-03-2026

These Terms and Conditions (the “Terms”) govern the use of the services provided by OnlyTeaCorp OÜ (“the Company”, “we”, “us”, or “our”), a company registered in the Republic of Estonia. By engaging our services, the Client (the “Merchant”, “you”, or “your”) agrees to be legally bound by these Terms.

1. Company Information

  • Legal Name: OnlyTeaCorp OÜ

  • Registry Code: 17328029

  • Registered Address: Kaupmehe 7-2, Tallinn, Estonia

  • Support Contact: support@ireowo.es

2. Nature of Services & Strict Disclaimer of Financial Control

OnlyTeaCorp OÜ acts exclusively as an Independent Sales Organization (ISO) and a technical intermediary. We provide consulting, technical integration, and first-line support to connect Merchants with acquiring banks, payment gateway providers, and POS device providers.

CRITICAL DISCLAIMER: OnlyTeaCorp OÜ is not a bank, is not an Electronic Money Institution (EMI), and at no time holds, processes, or has any control over the funds from the Merchant’s transactions.

Furthermore, OnlyTeaCorp OÜ is strictly not responsible or liable if the acquiring bank, payment gateway, or service provider blocks, holds, freezes, delays, or confiscates the Merchant’s funds for any reason. Such actions are entirely outside of our control and depend exclusively on the acquiring bank’s risk department, compliance policies, and applicable financial regulations.

3. Account Approval and Third-Party Relationships

  1. No Guarantee of Approval: The Company partners with multiple acquiring banks and service providers. We will submit your application to one or more of our partners. However, the final decision for approval depends 100% on the risk and compliance criteria of the acquiring bank or processor. OnlyTeaCorp OÜ does not guarantee the successful opening of a merchant account.

  2. Direct Agreement with the Acquirer: Once approved, the Merchant will sign a binding agreement directly with the assigned acquiring bank or processor. The rules for processing funds, rolling reserves, and payouts are dictated entirely by that third party, not by OnlyTeaCorp OÜ.

4. Fees, Billing, and Payments

  1. Fee Structure: For our intermediation and support services, the Merchant agrees to pay OnlyTeaCorp OÜ the following fees, the exact amounts of which will be defined in an individual Pricing Agreement:

    • Setup Fee: A one-time onboarding fee.

    • Monthly Fee: A recurring monthly service charge.

    • Transaction Fee: A fixed fee per transaction (charged regardless of whether the transaction is approved or declined).

    • Refund Fee: A fixed fee for processing any refunds.

    • Processing Percentage (%): A percentage commission based on the total volume processed by the Merchant.

  2. Invoicing: We will issue invoices on a weekly or monthly basis, depending on the agreed-upon terms with the Merchant.

  3. Payment Method and No-Refund Policy: All payments due to the Company must be made via bank wire transfer. No refunds will be issued under any circumstances for setup fees, commissions, or any services already rendered.

  4. Late Payments and Debt Collection: In the event of non-payment of our invoices by the due date, OnlyTeaCorp OÜ reserves the right to immediately suspend technical support services and refer the outstanding debt to third-party debt collection agencies. The Merchant agrees to bear all legal and administrative costs associated with debt recovery.

5. Absolute Liability of the Merchant

The Merchant is solely and exclusively responsible to their end-buyers, the acquiring banks, and the card networks (e.g., Visa, Mastercard) for all operations processed through the gateways acquired via our intermediation.

  1. Chargebacks and Fraud: The Merchant assumes 100% financial responsibility for all chargebacks, disputes, fraudulent transactions, and refunds.

  2. Fines and Penalties: The Merchant explicitly agrees to pay and assume any fines, penalties, or sanctions imposed by acquiring banks, regulators, or card networks due to high fraud ratios, Anti-Money Laundering (AML) violations, sale of prohibited goods, or breach of industry regulations (such as PCI-DSS). OnlyTeaCorp OÜ is entirely exempt from any financial or legal liability arising from the Merchant’s actions.

6. Term, Suspension, and Termination

  1. Termination by the Merchant: To terminate our services, the Merchant must provide OnlyTeaCorp OÜ with a written notice at least three (3) months in advance.

  2. Suspension and Termination by the Company: OnlyTeaCorp OÜ reserves the right to immediately suspend or terminate services and support without prior notice in the following cases:

    • Failure to pay invoices issued by OnlyTeaCorp OÜ.

    • Suspicion of fraud, money laundering (AML), or any illegal activities by the Merchant.

    • Violation of the acceptable use policies of the partnered acquiring bank.

    • Excessive chargebacks that jeopardize the Company’s relationship with its banking partners.

7. Governing Law and Dispute Resolution

These Terms and Conditions, and any dispute or claim arising out of or in connection with them, shall be governed by and construed exclusively in accordance with the laws of the Republic of Estonia. Any disputes arising from this agreement or the services provided shall be subject to the exclusive jurisdiction of the Harju County Courts in Tallinn, Estonia.