Last updated: 11/09/2025
These Terms of Service (“Terms”) govern your access to and use of Paymi (“we”, “us”, “our”), a service operated by Paymi Limited, a company registered in England and Wales (Company No. 15002252). By creating an account or using Paymi, you agree to these Terms. If you do not agree, you must not use Paymi.
1. Our Service
Paymi provides a mobile application that allows eligible users to accept card payments using Tap to Pay on iPhone, powered by Stripe Connect (Standard accounts).
We do not process or hold funds. All payment processing, payouts, disputes, and chargebacks are managed directly by Stripe, Inc. and its affiliates. By using Paymi, you agree to the Stripe Services Agreement and any applicable Stripe Connect terms.
2. Eligibility
You may use Paymi if:
You are at least the minimum age required by Stripe.
You are a business, sole trader, or other entity legally able to accept payments in one of our supported countries:
United States, Canada, Australia, New Zealand, United Kingdom, France, Austria, Poland, Belgium, Germany, Portugal, Spain, Ireland, Sweden, Italy, Switzerland, Czech Republic, Denmark, Luxembourg, Finland, Norway, Netherlands.
3. Fees
Stripe Fees: You are responsible for all fees charged by Stripe (including transaction fees, chargeback fees, currency conversion, and any other costs).
Paymi Fees: Paymi charges a flat 0.99% fee for each transaction processed through the service. This fee is added on top of Stripe’s standard fees.
We may update or adjust our fee structure at any time by updating these Terms. Continued use of Paymi after such changes constitutes your acceptance of the updated fees.
4. Payouts and Chargebacks
Stripe manages all payouts directly to your linked bank account.
Paymi does not and will never hold your funds.
You are solely responsible for any withheld payouts, chargebacks, or disputes. Paymi has no liability for these.
5. Your Responsibilities
You agree to:
Provide accurate business and banking details to Stripe.
Use Paymi only for lawful purposes.
Not engage in fraudulent, illegal, or prohibited transactions.
We reserve the right to suspend or terminate your access to Paymi at our sole discretion, including for suspected misuse or violation of these Terms.
6. Limitation of Liability
To the maximum extent permitted by law:
Paymi provides the app “as is” without warranties of any kind.
Paymi is not liable for losses arising from payments, withheld funds, failed payouts, chargebacks, or Stripe’s actions.
Your relationship regarding payments is directly with Stripe.
7. Termination
You may stop using Paymi at any time. We may suspend or terminate your use of Paymi at any time, with or without notice, if we believe you have violated these Terms or for any other reason.
8. Governing Law
These Terms are governed by the laws of England and Wales. Any disputes will be subject to the exclusive jurisdiction of the courts of England and Wales.
9. Changes to These Terms
We may update these Terms from time to time. The updated version will be posted within the Paymi app. Continued use of Paymi after changes means you accept the new Terms.
10. Contact Us
Paymi Limited
Company No. 15002252
Registered in England and Wales