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Bitcoin – Payment Policy (“Terms”)

Integrated Technology

Bitcoin – Payment Policy (“Terms”)

1. Compliance:

  • a. Adherence to Regulations:

    All transactions will comply with the California Department of Financial Protection and Innovation (DFPI) guidelines and relevant federal laws.

  • b. Transaction Limits:

    We adhere to any prescribed transaction limits and reporting requirements.

2. Payment Terms:

  • a. Conversion Rate:

    Bitcoin conversion rates will be based on the rate provided by 3rd Party designated exchange at the time of transaction confirmation.

  • b. Timeliness:

    Payment must be completed within the specified timeframe to avoid conversion rate discrepancies.

  • c. Non-Refundable:

    All Bitcoin transactions are final and non-refundable due to the cryptocurrency's volatility.

3. Transaction Process:

  • a. Invoice Generation:

    A detailed invoice will be provided, including the Bitcoin amount required for payment.

  • b. Wallet Address:

    Customers will receive a unique Bitcoin wallet address for each transaction to ensure accuracy.

  • c. Confirmation:

    Transactions are considered successful upon confirmation on the blockchain network.

4. Security:

  • a. Secure Processing:

    We use encrypted and secure channels for Bitcoin transactions.

  • b. Responsibility:

    Customers are responsible for ensuring the correct wallet address and payment amount.

5. Tax Implications:

  • a. Tax Reporting:

    Customers are responsible for reporting Bitcoin transactions as required by state and federal tax authorities.

  • b. Sales Tax:

    Applicable sales tax will be calculated based on the USD value of the transaction.

6. Support:

  • a. Assistance:

    For any questions or issues regarding Bitcoin payments, contact our customer support team for prompt assistance.

  • b. Education:

    We provide resources and guidelines to help customers understand the Bitcoin payment process.

7. Legal and Financial Disclaimers:

  • a. Risk Acknowledgment:

    Customers acknowledge the risks associated with Bitcoin, including price volatility.

  • b. No Liability:

    We are not liable for any financial losses incurred due to Bitcoin price fluctuations or transaction errors.

8. Amendments:

  • a. Policy Updates:

    We reserve the right to amend this policy in compliance with new laws or regulations or to improve our service.