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Terms of Use

Effective Date: February 1, 2026

Contents

  • 1. Acceptance of Terms
  • 2. The Platform & Infrastructure
  • 3. Accounts & Security
  • 4. Acceptable Use
  • 5. Fraud Prevention & Security
  • 6. Fees & Dual Pricing
  • 7. Charge Policy & Disputes
  • 8. IP & Technology
  • 9. SMS Messaging
  • 10. AI Agent & Automated Wallets
  • 11. Modification of Terms
  • 12. Liability Disclaimer
  • 13. Dispute Resolution
  • 14. Governing Law

1. Acceptance of Terms

These Terms of Use ("Terms") constitute a legally binding agreement made between you, whether personally or on behalf of an entity ("User", "you", or "Merchant") and Peterkin Labs Inc d/b/a UP² ("Platform", "we", "us", or "our"), concerning your access to and use of the website, mobile application, application programming interface (API), and related software services (collectively, the "Services").

WARNING: THESE TERMS CONTAIN A BINDING ARBITRATION AGREEMENT AND CLASS ACTION WAIVER (SECTION 12). BY ACCEPTING THESE TERMS, YOU WAIVE YOUR RIGHT TO A JURY TRIAL.

By clicking "I Agree," registering for an account, downloading the mobile application, or accessing the API, you expressly acknowledge that you have read, understood, and agree to be bound by these Terms.

2. The Platform & Financial Infrastructure

2.1 Relationship with Stripe

The Platform integrates with Stripe, Inc. ("Stripe") to facilitate payment processing. We are a technology service provider and do not function as a bank, money transmitter, or financial institution. We do not hold funds.

Mandatory Financial Terms

Payment processing services for Users on the Platform are provided by Stripe and are subject to the Stripe Connected Account Agreement, which includes the Stripe Services Agreement.

2.2 Platform Authority

You expressly authorize the Platform to interact with Stripe on your behalf to: (a) create and manage your Stripe Connected Account; (b) initiate charges, refunds, and adjustments; and (c) access settlement data.

3. User Accounts & Credential Security

3.1 API Keys and Credentials

Upon registration, you may be issued authentication credentials, including but not limited to username/password pairs and API Keys. You are solely responsible for the security of these credentials.

3.2 Liability for Unauthorized Use

The Platform's backend systems authenticate requests based on the validity of the API Key or session token. You are strictly liable for all activity that occurs under your account credentials.

3.3 Identity Verification

You agree to provide accurate, current, and complete information during the registration process and to update such information to keep it accurate, current, and complete. UP² reserves the right to request additional identity verification documentation at any time, including but not limited to government-issued identification, proof of address, business documentation, and beneficial ownership information. Failure to comply with verification requests may result in account suspension or termination.

4. Acceptable Use & Prohibited Industries

You may not use the Services to transact in connection with any business strictly prohibited by Stripe or the Platform (e.g., illegal drugs, infringement, high-risk financial services). Violation of this policy will result in immediate termination.

5. Fraud Prevention, Security & Platform Integrity

⚠️ CRITICAL: Fraud Prevention Authority

UP² maintains absolute authority over fraud detection, prevention, and remediation on the Platform. By using our Services, you consent to all fraud prevention measures described in this Section, including account actions, fund holds, and cooperation requirements.

5.1 Fraud Detection & Monitoring

UP² employs continuous, automated and manual fraud detection systems to monitor all account activity, transactions, and Platform usage. These systems analyze patterns including but not limited to:

  • Transaction velocity, frequency, and amount patterns
  • Geographic and device anomalies
  • Behavioral indicators and usage patterns
  • Network and relationship analysis between accounts
  • Chargeback and dispute ratios
  • Identity verification signals
  • Third-party fraud intelligence and watchlists

5.2 Immediate Action Authority

UP² reserves the absolute right, in its sole and exclusive discretion, to take immediate action without prior notice upon detection or reasonable suspicion of fraudulent, illegal, or policy-violating activity, including but not limited to:

  • Account Suspension: Immediately suspend, restrict, or limit access to your account and all associated Services;
  • Transaction Blocking: Decline, reverse, or hold any pending or future transactions;
  • Fund Seizure: Place an indefinite hold on 100% of your account balance and any funds in transit;
  • Payout Suspension: Indefinitely suspend all payouts and withdrawals;
  • Account Termination: Permanently terminate your account and ban you from future use of the Platform;
  • Connected Account Actions: Direct Stripe to take any of the above actions on your Connected Account.

5.3 Extended Fund Holds

In cases of suspected fraud, UP² may hold funds for an extended investigation period of up to 180 days or longer if required by law enforcement, legal proceedings, or ongoing investigation. Funds may be held beyond this period if:

  • The investigation remains ongoing;
  • Chargebacks or disputes are pending or anticipated;
  • Law enforcement or regulatory agencies have requested a hold;
  • Legal action is pending or anticipated;
  • The account holder has not satisfactorily responded to verification requests.

5.4 Investigation & Cooperation Requirements

Upon request, you must cooperate fully with any UP² fraud investigation. This includes, without limitation:

  • Providing additional identity verification documents within 48 hours of request;
  • Providing business records, invoices, receipts, and proof of delivery;
  • Providing access to relevant communications and transaction records;
  • Participating in interviews or providing written statements;
  • Providing any other information reasonably requested by UP².

Failure to cooperate with an investigation shall be deemed an admission of wrongdoing and shall authorize UP² to permanently forfeit any held funds to offset actual or anticipated losses, chargebacks, and administrative costs.

5.5 Fund Forfeiture & Recovery

If UP² determines, in its sole discretion, that fraud or policy violation has occurred, UP² is authorized to:

  • Forfeit Funds: Permanently retain any and all funds held in your account to offset losses, chargebacks, fines, and administrative costs;
  • Debit Linked Accounts: Initiate ACH debits to your linked bank account to recover losses;
  • Offset Future Payouts: Withhold any amounts owed to you from any current or future UP² account;
  • Collection Actions: Pursue debt collection, including reporting to credit bureaus and engaging collection agencies;
  • Legal Action: Pursue civil and/or criminal legal action to recover losses and damages.

5.6 Law Enforcement Cooperation

UP² will cooperate fully with law enforcement agencies, regulatory bodies, and legal authorities investigating fraud or illegal activity. You authorize UP² to share any and all account information, transaction data, communications, and other records with such authorities without notice to you, to the extent permitted by law.

5.7 Third-Party Fraud Prevention Services

UP² may utilize third-party fraud prevention, identity verification, and risk assessment services. You consent to the sharing of your information with these services and agree to be bound by their determinations as incorporated into UP²'s fraud decisions.

5.8 No Liability for Fraud Actions

UP² SHALL NOT BE LIABLE for any losses, damages, or inconvenience arising from fraud prevention actions taken in good faith, including but not limited to account suspension, fund holds, transaction declines, or account termination. You waive any and all claims against UP² arising from such actions.

5.9 Indemnification for Fraud

You agree to indemnify, defend, and hold harmless UP², its officers, directors, employees, agents, and partners from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising from or related to:

  • Fraudulent activity on your account, whether committed by you or a third party;
  • Your violation of these Terms or any applicable law;
  • Chargebacks, disputes, or refund claims related to your transactions;
  • Any misrepresentation made by you to UP², Stripe, or any customer.

5.10 Reporting Suspected Fraud

If you suspect fraudulent activity on your account or the Platform, you must immediately notify UP² at [email protected]. Failure to promptly report suspected fraud may result in additional liability.

6. Fees, Dual Pricing & Payouts

6.1 Dual Pricing Structure

UP² employs a Dual Pricing model to incentivize cash payments. The prices displayed by default in the application represent the Cash Price, which includes a built-in discount for physical currency transactions.

6.2 Non-Cash Adjustment (Platform Fee)

Transactions paid via Credit Card, Debit Card, or Digital Wallet (e.g., Apple Pay) are not eligible for the cash discount. A Non-Cash Adjustment (or "Platform Service Fee") is automatically applied to the transaction total to cover the cost of the UP² secure mobile infrastructure, fraud detection services, and processing costs.

By proceeding with a card transaction, you expressly agree to pay this adjustment as calculated and displayed at the time of sale.

6.3 Taxes

You are the "Merchant of Record" for all sales made through the Services. You have sole responsibility for determining what, if any, taxes apply to your transactions.

6.4 Payout & Withdrawal Fees

A fee of $0.25 will be automatically deducted from your account balance for each payout (withdrawal) initiated to your linked bank account. This fee covers the cost of bank transfer initiation and processing.

Pending vs. Available Balance: Please note that while payments are processed instantly, funds are initially marked as "Pending" while they settle (typically taking 2 business days). You can only initiate a withdrawal once these funds have settled and moved to your "Available" balance.

7. Charge Policy, Refunds & Disputes

7.1 General Payment Terms

By processing a transaction through the Services, you represent and warrant that you have obtained all necessary authorizations from the cardholder. You acknowledge that all transactions are processed via Stripe and are subject to the processing times and settlement schedules determined by Stripe and the banking networks.

7.2 Refunds and Fee Retention

You generally have the ability to initiate refunds to your customers via the Platform dashboard. However, you acknowledge the following:

  • Platform Fees are Non-Refundable: The "Non-Cash Adjustment" (Platform Service Fee) collected by UP² covers the cost of the secure transaction infrastructure. If you issue a full or partial refund to a customer, UP² retains the original Platform Fee. You are solely responsible for covering the full amount of the refund to the cardholder.
  • Insufficient Funds: If your account balance is insufficient to cover a refund, UP² reserves the right to debit your linked bank account or withhold future payouts to satisfy the refund amount.
7.3 Chargebacks & Dispute Liability

A "Chargeback" occurs when a cardholder disputes a transaction with their issuing bank. UP² is not liable for Chargebacks arising from your transactions.

If a Chargeback is issued against your account:

  • You are immediately liable for the full amount of the disputed transaction.
  • You are responsible for any Dispute Fees levied by Stripe (typically $15.00 or more per incident).
  • UP² allows you to submit evidence to contest the dispute via the Platform, but we do not guarantee the outcome.
  • Indemnification: You grant UP² the right to immediately recover these amounts by deducting them from your Stripe Connected Account balance, your UP² account balance, or by debiting your linked bank account.

7.4 Reserve Account Rights

To protect the Platform against financial exposure, we reserve the right to place a temporary hold on a portion of your funds ("Reserve") if we detect:

  • An excessive rate of Chargebacks or refunds;
  • Suspicious activity or potential fraud;
  • Sudden, significant changes in your transaction volume.

Funds held in Reserve will be released once the risk exposure has been mitigated to UP²'s satisfaction.

8. API Usage & Intellectual Property

The Services contain proprietary and confidential technology owned by UP².

8.1 Proprietary Technology

All rights, title, and interest in and to the Services, including but not limited to the proprietary visual interface designs, interactive checkout animations, transaction encryption algorithms, backend checkout logic, and all related software code (collectively, "UP² IP"), are and will remain the exclusive property of UP².

8.2 No Reverse Engineering

You agree not to reverse engineer, decompile, disassemble, or attempt to derive the source code or underlying algorithms of the Services. You shall not use the API to "scrape" data for the purpose of building a competitive service.

9. SMS & Messaging Program Terms

By explicitly opting in to the UP² messaging program, you agree to receive automated security and marketing text messages (e.g., OTP codes, account alerts) from UP² at the mobile number you provided.

Program Details
  • Cost: Message and data rates may apply.
  • Frequency: Message frequency varies.
  • Opt-Out: Reply STOP to cancel at any time.
  • Help: Reply HELP for assistance.

Carrier Liability: Carriers (including but not limited to T-Mobile, AT&T, and Verizon) are not liable for delayed or undelivered messages.

10. AI Agent Protocols, Automated Wallets & API Usage

STRICT LIABILITY WARNING

READ CAREFULLY: By generating an Agent API Key, you are converting your fiat currency into a programmable "Bearer Instrument." Possession of this key is equivalent to possession of your cash.

Transactions executed via this protocol are or can be instantaneous, irreversible, and occur without human confirmation.

10.1 "Off-Session" Merchant Initiated Transactions (MIT)

By connecting a payment method to an Agent Wallet, you expressly authorize UP² (and its payment processors) to store your credentials and initiate charges on your behalf without your concurrent presence or interaction ("Off-Session").

You acknowledge that:

  • The software agent utilizing your API Key acts as your Legal Proxy;
  • Every API call sent to the /agent/pay-invoice endpoint constitutes a direct, authorized mandate to debit your account;
  • You waive any right to dispute charges based on "lack of authorization" provided the correct API Key was utilized.

10.2 API Keys as Bearer Instruments

The API Key generated by the Platform (e.g., starting with ak_live_) grants full financial access to the linked wallet up to your configured limits.

  • Security: You are solely responsible for encrypting and securing this key. You agree not to embed this key in client-side code (browsers/mobile apps) where it can be scraped.
  • Compromise: If your key is stolen, hacked, or leaked by your own software configuration, YOU REMAIN LIABLE FOR ALL RESULTING CHARGES up to the moment you explicitly revoke the key via the Dashboard or API. UP² cannot detect "stolen" keys effectively as they look identical to valid traffic.

10.3 Spending Limits & Technical Latency

The Platform allows you to configure Daily Spending Limits and Per-Transaction Limits. While our backend enforces these checks via database lookups:

  • Concurrency Acknowledgment: You acknowledge that distributed systems and database eventual consistency may result in minor latency. In the event of a "bot swarm" or high-frequency API calls, it is theoretically possible for an Agent to exceed the Daily Limit by a marginal amount before the "Stop" command propagates.
  • Overage Liability: You agree to remain liable for any such overages incurred due to high-velocity transaction attempts initiated by your software.

10.4 Liability for AI Hallucinations & Third-Party Logic

UP² provides the financial rail (infrastructure), not the driver (intelligence). We do not control the software, LLM (Large Language Model), or script utilizing the API Key.

TO THE FULLEST EXTENT PERMITTED BY LAW, UP² DISCLAIMS ALL LIABILITY FOR:

  • Hallucinations: Purchases made because an AI "hallucinated" a requirement, price, or product availability;
  • Logic Errors: Infinite loops, recursive spending bugs, or code errors in your agent that drain the wallet;
  • Misinterpretation: An Agent misreading a decimal place (e.g., paying $100.00 instead of $1.00) due to your software's parsing errors.

10.5 Digital Goods & Non-Refundability

Transactions processed via the Agent Protocol usually involve the immediate programmatic release of digital resources (APIs, content, access tokens). Due to the irrevocable nature of this digital delivery:

ALL AGENT PROTOCOL TRANSACTIONS ARE FINAL AND NON-REFUNDABLE.

You expressly waive any "cooling-off" periods or right of withdrawal once the API has returned a 200 OK or success status, as the service has been fully consumed at that microsecond.

11. Modification of Terms

We reserve the right to modify these Terms at any time.

If we make changes that are material, we will provide you with notice via the Platform, email, or other communication. For non-material changes (e.g., typographical fixes, minor feature updates), we will simply update the "Effective Date" at the top of this page.

Your Continued Use: By continuing to access or use the Services after revisions become effective, you agree to be bound by the revised Terms. If you do not agree to the new Terms, you are no longer authorized to use the Services and must delete your account.

12. Disclaimer & Limitation of Liability

11.1 AS IS / AS AVAILABLE

THE SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. WHILE WE UTILIZE ROBUST, INDUSTRY-STANDARD ENCRYPTION AND TOKENIZATION, WE CANNOT GUARANTEE ABSOLUTE SECURITY OF DATA TRANSMISSION OVER THE INTERNET.

11.2 Limitation of Liability: TO THE FULLEST EXTENT PERMITTED BY LAW, UP² SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES. IN NO EVENT SHALL UP²'S AGGREGATE LIABILITY EXCEED THE TOTAL AMOUNT OF FEES PAID BY YOU TO UP² IN THE THREE (3) MONTHS PRECEDING THE CLAIM.

13. Dispute Resolution (Arbitration)

Any dispute, claim, or controversy arising out of or relating to these Terms shall be determined by arbitration in Pasco, Washington before one arbitrator. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures.

14. Governing Law

These Terms shall be governed by and construed in accordance with the internal laws of the State of Washington, U.S.A.

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UP² is a financial technology company, not a bank. Payment processing services are provided by Stripe, Inc. and its financial institution partners. UP² accounts and services are subject to approval. Funds held in transit by payment processors are not FDIC-insured by UP².

Dual Pricing Disclosure: Prices displayed within the UP² application may reflect a Cash Price. Transactions processed via card or digital wallet are subject to a Non-Cash Adjustment (Service Fee) as detailed in our Terms of Service.

UP² is a product of Peterkin Labs Inc. | Pasco, Washington 99301
Copyright © 2026 Peterkin Labs Inc. All rights reserved.