Welcome to Paymento. Before you use our services, it is important that you understand the risks involved in cryptocurrency transactions and using a non-custodial crypto payment gateway. Cryptocurrencies involve a high level of risk and are not suitable for all individuals or entities. By using Paymento, you acknowledge and agree to assume these risks.
1.Market Risk
Cryptocurrencies are extremely volatile. Prices can fluctuate widely within very short periods. This volatility can be influenced by various factors including economic events, market sentiment, and regulatory news. Users should be prepared for the possibility that they can lose the entire value of their transaction due to price fluctuations.
2. Regulatory Risk
The regulatory status of cryptocurrencies is uncertain and subject to significant regulatory changes in various jurisdictions. Changes in regulations or government bans and restrictions can affect the legality and usability of the Paymento services, potentially leading to a complete loss of value or functionality.
3. Technological Risk
While Paymento employs advanced security protocols to safeguard your data and transactions, the risk of hacking, software flaws, and other technological issues remains. These risks can lead to loss of funds, unauthorized access to your personal information, and other adverse effects.
4. Operational Risk
Paymento relies on complex software and hardware systems which can malfunction or fail due to internal or external factors. Despite our rigorous operational controls, disruptions in our services can occur.
5. Liquidity Risk
Cryptocurrencies may face issues of liquidity in various markets. Liquidity risk can affect your ability to sell your cryptocurrencies at market price. In extreme cases, you may not be able to sell your assets at all.
6.Counterparty Risk
As a non-custodial service, Paymento does not hold your cryptocurrencies. However, when engaging in transactions, you are exposed to the risk that other parties may not fulfill their obligations.
7. Legal Risk
Engaging in transactions with cryptocurrencies may expose you to legal risks. Depending on your country of residence, you may be in violation of local laws which can lead to legal action including fines and imprisonment.
8. Tax Compliance Risk
Cryptocurrencies are subject to complex tax regulations which may vary across jurisdictions. It is your responsibility to report and pay taxes on all cryptocurrency transactions as required by the laws of your jurisdiction.
We encourage you to carefully consider whether dealing with cryptocurrencies is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances. Paymento does not provide investment or legal advice, and this Risk Disclosure Statement cannot disclose all the risks associated with cryptocurrencies. We recommend that you consult financial, legal, and tax advisors before making any financial decisions regarding cryptocurrencies.
For further questions or concerns regarding these risks, please contact our support team.
