General Terms of Use (GTU) & Terms of Service

Welcome to iVOBS. These Terms govern your use of the platform. Please review them carefully.

1. Purpose & Nature of Services

iVOBS operates a global digital marketplace (“SuperApp”) enabling Users to publish, buy, and sell products and services.

iVOBS acts solely as a technical intermediary providing digital infrastructure.

  • iVOBS is not the seller of listed products or services
  • iVOBS is not a bank
  • iVOBS is not a payment institution
  • iVOBS is not a broker or exchange
  • iVOBS is not a custodian
  • iVOBS does not provide investment, tax, or legal advice

All commercial transactions are concluded directly between Buyer and Seller.

2. Acceptance of Terms

By registering an account, accessing, or using the Platform, you confirm that you have read, understood, and agreed to be legally bound by these Terms.

If you do not agree, you must not use the Platform.

3. Eligibility

  • Be legally capable of entering into binding agreements
  • Not be subject to international sanctions
  • Not reside in prohibited jurisdictions

iVOBS reserves the right to deny or restrict access at its sole discretion.

4. User Status

  • Buyer
  • Seller
  • Both

Each Seller acts independently and under their sole responsibility.

Nothing in these Terms creates an agency, partnership, employment, or joint venture relationship with iVOBS.

5. Non-Custodial Payment Structure

  • Fiat payments
  • Stablecoin payments through regulated third-party providers
  • iVOBS does not hold user funds
  • iVOBS does not access or control wallets
  • iVOBS does not manage private keys
  • iVOBS does not operate escrow (unless explicitly stated in future models)

All financial services are provided by regulated Third-Party Payment Providers.

  • Stablecoin volatility
  • Wallet mismanagement
  • Regulatory restrictions
  • Blockchain network disruptions

6. Seller Obligations

  • Product legality
  • Regulatory compliance
  • Business registration accuracy
  • VAT, GST, income tax, customs duties
  • Consumer protection compliance
  • Delivery terms and pricing
  • Refunds and dispute resolution

Platform commissions apply where disclosed.

Seller agrees to indemnify iVOBS against claims arising from product defects, regulatory violations, tax non-compliance, and consumer claims.

7. Prohibited Activities

  • Alcohol (where prohibited by law)
  • Illegal drugs or substances
  • Prostitution services
  • Sexually explicit products where illegal
  • Weapons
  • Counterfeit goods
  • Sanctioned goods or services
  • Any activity prohibited by applicable law

iVOBS may suspend accounts, remove listings, freeze access, or report activities to authorities without prior notice.

8. Intellectual Property

All Platform technology, trademarks, branding, algorithms, and software remain the exclusive property of iVOBS.

Users receive a limited, non-transferable, non-exclusive license solely for marketplace participation.

9. User-Generated Content

Users grant iVOBS a worldwide, non-exclusive, royalty-free license to host, display, and distribute content strictly for marketplace operation and promotion.

10. Service Availability

iVOBS does not guarantee uninterrupted or error-free service.

  • Maintenance
  • Security concerns
  • Regulatory compliance
  • Risk mitigation

11. AML & Sanctions Compliance

Users consent to identity verification, transaction monitoring, and screening against OFAC, EU, and UN sanctions lists.

Suspicious activity may result in account suspension, transaction blocking, or reporting to authorities.

Records may be retained for 5–10 years in accordance with AML laws.

12. Privacy Policy

  • Identity data
  • Contact details
  • Address
  • Transaction data
  • Device and technical data
  • KYC documentation
  • Wallet-related information (non-custodial)

Data is processed to provide services, secure the Platform, prevent fraud, fulfill contractual obligations, and comply with legal requirements.

iVOBS does not sell personal data.

13. Limitation of Liability

To the maximum extent permitted by law, iVOBS liability is limited to the greater of USD 100 or the total platform fees paid in the previous 12 months.

iVOBS is not liable for indirect, consequential, punitive damages, or lost profits.

14. Indemnification

Users agree to fully indemnify iVOBS against claims arising from products or services, regulatory breaches, tax failures, or third-party rights violations.

15. Force Majeure

iVOBS is not liable for events beyond reasonable control including regulatory changes, cyberattacks, blockchain disruptions, geopolitical events, or natural disasters.

16. Suspension / Termination

Accounts may be suspended or terminated for violation of Terms, suspicious activity, legal non-compliance, or regulatory risk exposure.

17. Governing Law & Arbitration

This Agreement is governed by the law of the jurisdiction where iVOBS is legally incorporated.

Disputes shall be resolved by confidential binding arbitration. Class actions are waived.

18. Entire Agreement

This document constitutes the entire agreement between Users and iVOBS.

19. Severability

If any provision is invalid, remaining provisions remain enforceable.

20. Assignment

Users may not assign rights without prior written consent of iVOBS.