Terms of Payment

These Terms of Payment ("Terms") govern all payment-related activities for We Form Pay Inc. ("WFOpay"), a licensed Money Services Business ("MSB") under Canadian law. WFOpay operates in compliance with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and all applicable federal and provincial laws.

1. Payment Obligations

1.1 Fee payments

  • All transactions are subject to applicable fees. For incoming transactions, fees will be deducted at the time the wire transfer is credited. For outgoing transactions, fees will be deducted upon the client's request for transaction execution.
  • Failure or insufficient amount in the account to settle the fees may result in suspension or termination of services, with WFOpay bearing no liability for resulting losses, penalties, or additional costs incurred by the client.

1.2 Use of Credit Balances

  • WFOpay reserves the right to offset outstanding due fees against any available credit balances in the client’s account, without prior notification to the client.

1.3 No Interest on Client Funds

  • WFOpay does not pay interest on funds held on behalf of clients under any circumstances.

2. Fees and Adjustments

2.1 Fee Structure

  • Fees for WFOpay’s services are published on the official website or communicated directly to clients.
  • WFOpay reserves the right to revise its fee schedule without prior notice, to reflect changes in market conditions or regulatory requirements.

3. Currency and Tax Compliance

3.1 Currency Exchange

  • Transactions involving currency exchange are subject to applicable fees at rates determined by WFOpay. These rates will be disclosed to clients at the time of the transaction.

3.2 Tax Inclusion

  • All applicable taxes, including provincial and federal sales taxes, will be included in the total amount displayed to clients prior to payment.

4. Service Modifications

4.1 Right to Modify Services

  •  WFOpay reserves the right to modify, suspend, or withdraw its services at its sole discretion. WFOpay shall not be liable for any direct or consequential losses resulting from such modifications.

5. Compliance and Legal Requirements

5.1 Anti-Money Laundering (AML) Compliance

  • All payments are subject to WFOpay’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) policies, as required by Canadian law and FINTRAC regulations.
  • Clients must provide any necessary documentation or information to comply with applicable AML/CTF laws.

6. Governing Law

These Terms of Payment shall be governed by and construed in accordance with the laws of the Province of Alberta and the federal laws of Canada applicable therein.

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