01Acceptance of these terms
These Terms of Service (the "Terms") are a binding agreement between you and LarcoSoftware LLC ("LarcoPay", "we", "us", or "our"), a limited liability company organized in the State of Colorado, United States. By accessing our website, submitting your email to our waitlist, or using any LarcoPay service, you agree to these Terms and to our Privacy Policy and Compliance & Disclosures. If you do not agree, do not use the service.
If you use LarcoPay on behalf of an organization, you represent that you are authorized to bind that organization, and "you" refers to that organization.
02What LarcoPay is — and is not
LarcoPay provides technology that helps freelancers and businesses in the global AI workforce receive cross-border payments through named virtual accounts (USD, EUR, and GBP), have incoming fiat converted over regulated rails, and receive settlement in stablecoins or cryptocurrency (such as USDC, USDT, or BTC) to a wallet they control.
LarcoPay is a financial technology company, not a bank. We do not take deposits, issue accounts, or provide money transmission on our own license. Banking, custody, currency conversion, and payment services are provided by regulated third-party partners (see our Compliance & Disclosures). Your relationship for those regulated services is also governed by the applicable partner's terms, which we will present to you before you use the relevant service.
03Beta status and availability
The service is offered on a private-beta and invitation basis and is under active development. Features described on our website are planned or in progress and may change, be delayed, or be withdrawn. Joining the waitlist does not guarantee access, and availability varies by country and is subject to eligibility, onboarding checks, and regulatory approval.
Beta features may be provided "as is", may contain errors, and may be modified or discontinued at any time without liability to you.
04Eligibility
- You must be at least 18 years old and able to form a legally binding contract.
- You must not be located in, or a resident of, a country subject to comprehensive sanctions, and you must not appear on any applicable sanctions or prohibited-party list.
- You must provide accurate information and complete identity verification (KYC/KYB) when required.
- You must use the service only for lawful purposes connected to genuine work or business activity.
05Your account
To use the service you will create an account and may be asked to verify your identity. You are responsible for keeping your credentials secure and for all activity under your account. Notify us promptly at security@larcopay.com if you suspect unauthorized access. You must keep your contact and identity information current.
06Payments and settlement
Where the service is available, you may receive funds into a virtual account issued in your name by a partner institution via ACH, wire, SWIFT, or SEPA. Incoming fiat is converted over regulated rails and settled to your designated wallet in stablecoin or cryptocurrency (such as USDC, USDT, or BTC).
- Settlement timing is a target, not a guarantee, and may be affected by banking hours, partner processing, compliance review, and blockchain-network conditions.
- You are responsible for providing a correct wallet address and for the security of your keys. On-chain transfers are generally irreversible, and we are not liable for losses arising from an incorrect address or compromised wallet you provide.
- Cryptocurrency values can be volatile. Once settlement completes on-chain, price risk sits with you.
- We may hold, delay, or return funds where required by law, by a partner, or to complete compliance checks.
07Fees and foreign exchange
Applicable fees and the foreign-exchange rate will be disclosed to you before you confirm a transaction or during onboarding. FX rates fluctuate; the rate shown at the time of a transaction applies to that transaction. We may change our fees on notice; continued use after a change constitutes acceptance.
08Compliance, KYC and monitoring
LarcoPay and its partners operate anti-money-laundering (AML), counter-terrorist-financing (CTF), and sanctions programs. By using the service you agree to provide identity and source-of-funds information on request, and you consent to screening and ongoing transaction monitoring. We may refuse, suspend, freeze, reverse, or report activity to comply with law or partner requirements. See Compliance & Disclosures.
09Tax responsibility
You are solely responsible for determining, reporting, and paying any taxes on amounts you receive, including any tax arising from receiving, holding, or converting cryptocurrency. LarcoPay may provide transaction records and statements to assist you, but this is not tax advice and does not replace professional guidance. You remain responsible for compliance with the tax and foreign-exchange rules of your own jurisdiction.
10Prohibited use
You may not use LarcoPay to:
- launder money, finance terrorism, evade sanctions, or facilitate fraud;
- process payments unrelated to your genuine work or business, or on behalf of an undisclosed third party;
- engage in activity that is illegal in your jurisdiction or the jurisdiction of the payer;
- transact in restricted goods or services prohibited by us or our partners (e.g. unlawful gambling, weapons, controlled substances, or activity flagged by our acceptable-use rules);
- circumvent, probe, or disrupt our security, or misuse the platform through automated abuse.
11Intellectual property
The LarcoPay name, logo, website, software, and content are owned by LarcoSoftware LLC or its licensors and are protected by intellectual-property laws. We grant you a limited, revocable, non-exclusive license to use the service for its intended purpose. You may not copy, modify, resell, or reverse-engineer the service except as permitted by law.
12Disclaimers
To the maximum extent permitted by law, the service is provided "as is" and "as available" without warranties of any kind, whether express or implied, including merchantability, fitness for a particular purpose, and non-infringement. We do not warrant that the service will be uninterrupted, timely, secure, or error-free.
13Limitation of liability
To the maximum extent permitted by law, LarcoSoftware LLC and its officers, employees, and partners will not be liable for any indirect, incidental, special, consequential, or punitive damages, or for lost profits or lost data. Our aggregate liability arising out of or relating to the service will not exceed the greater of the fees you paid to us in the three months before the event giving rise to the claim, or USD 100. Some jurisdictions do not allow certain limitations, so parts of this section may not apply to you.
14Indemnification
You agree to indemnify and hold harmless LarcoSoftware LLC and its partners from claims, losses, and expenses (including reasonable legal fees) arising from your breach of these Terms, your misuse of the service, or your violation of law or the rights of a third party.
15Suspension and termination
We may suspend or terminate your access at any time, with or without notice, if we believe you have violated these Terms, if required by law or a partner, or to protect the service or other users. You may stop using the service at any time. Provisions that by their nature should survive termination (including fees owed, disclaimers, liability limits, and governing law) will survive.
16Changes to these terms
We may update these Terms from time to time. We will post the updated version with a new "Last updated" date and, for material changes, provide reasonable notice. Your continued use after changes take effect constitutes acceptance.
17Governing law and disputes
These Terms are governed by the laws of the State of Colorado, United States, without regard to conflict-of-laws rules. Subject to any mandatory consumer protections in your country of residence, the state and federal courts located in Denver County, Colorado will have jurisdiction, and the parties will first attempt to resolve disputes informally by contacting legal@larcopay.com.
18Contact
Questions about these Terms? Write to legal@larcopay.com or by post to:
LarcoSoftware LLC
625 S Forest St
Denver, CO 80246
United States
This document is provided for the LarcoPay private beta and does not constitute legal advice.