Merchant Agreement

1. Introduction

This Merchant & Payment Services Agreement ("Agreement") governs the relationship between Oasis-net Solutions Limited ("OasisPay", "we", "our", or "us") and the business entity or individual ("Merchant", "you", or "your") using OasisPay's services.

By submitting your KYC application, generating live API credentials, creating payment collections, virtual accounts, payouts, settlements, or otherwise using OasisPay's services, you agree to be bound by this Agreement.

1. About OasisPay

OasisPay is a payment technology platform operated by Oasis-net Solutions Limited.

OasisPay provides:

Payment collection services
Hosted checkout
Virtual accounts
Payment links
Merchant dashboards
Settlement management
Payout services
APIs and developer tools
Transaction reporting and reconciliation

OasisPay is not a bank and does not operate as a Mobile Money Operator (MMO).

Payment processing and financial infrastructure services may be facilitated through licensed financial institutions and payment infrastructure partners, including Pagatech Limited (Paga) and other regulated providers.

1. Merchant Verification

To access live services, all merchants must complete KYC and KYB verification.

You agree to provide:

Accurate information
Valid identification documents
Business verification documents
Settlement bank information

OasisPay may request additional information at any time.

Submission of documents does not guarantee approval.

OasisPay reserves the right to approve, reject, suspend, or restrict any account based on risk, fraud, compliance, operational, or legal considerations.

1. Fees

Current standard pricing:

Virtual Account Collections

2.0% (1.5% + 0.5% platform fee) + N100 (waived for transactions under N2500, minimum fee N35) per successful transaction capped at NGN 2,000.

Checkout Collections

2.5% (2.0% + 0.5% platform fee) + N100 (waived for transactions under N2500, minimum fee N35) per successful transaction capped at NGN 2,500.

Settlements

NGN 150 per settlement.

Payouts

NGN 150 per successful payout.

OasisPay reserves the right to modify fees upon reasonable notice.

Continued use of the platform constitutes acceptance of revised fees.

1. Settlements

Funds received through OasisPay are subject to settlement processing.

OasisPay may:

Delay settlements
Hold settlements
Review settlements
Reverse settlements where required

where fraud, compliance concerns, disputes, legal obligations, or operational risks are identified.

1. Payout Services

Payout services may be restricted to approved merchants.

OasisPay may impose:

Daily limits
Transaction limits
Beneficiary verification requirements
IP whitelisting requirements
Risk controls

Payout services may be suspended without notice where suspicious activity is detected.

1. API Usage

Merchants using OasisPay APIs agree to:

Protect API credentials
Secure webhook endpoints
Follow published API documentation
Prevent unauthorized access

OasisPay may suspend API access where abuse, fraud, excessive errors, or security concerns are identified.

1. Data Processing & Privacy

You authorize OasisPay to collect, process, store, and share information necessary to:

Verify your identity
Verify your business
Process payments
Manage settlements
Prevent fraud
Meet legal and regulatory obligations

Information may be shared with licensed financial institutions, payment infrastructure providers, verification partners, regulatory authorities, and service providers where required.

1. Prohibited Activities

You may not use OasisPay for:

Fraudulent activity
Money laundering
Terrorism financing
Sanctions violations
Ponzi schemes
Investment scams
Illegal goods or services
Activities prohibited by applicable law

Violation may result in immediate suspension or termination.

1. Security & Fraud Prevention

OasisPay actively monitors for:

Account compromise
API abuse
Suspicious payouts
Transaction manipulation
Identity fraud
Settlement fraud

OasisPay may take proactive actions including:

Account restrictions
Settlement holds
Payout freezes
API suspension
Enhanced verification

to protect merchants, customers, and the platform.

1. Limitation of Liability

To the maximum extent permitted by law, OasisPay shall not be liable for indirect, consequential, incidental, or special damages arising from the use of the platform.

1. Contact Information

Support:
[email protected]

Security:
[email protected]

Fraud:
[email protected]

Compliance:
[email protected]

Website:
https://oasispayhq.com

1. Acceptance

By checking the acceptance box and submitting your verification application, you acknowledge that:

You have read this Agreement.
You understand the fees and services provided by OasisPay.
You consent to merchant verification and compliance checks.
You agree to the processing of your information as described herein.
You agree to be bound by this Agreement.
You agree with AML requirements, KYC obligations, Nigerian laws and Regulatory requirements.