Last Update: March 2, 2022
These Terms of Service (“Terms”) are provided by Zurp Inc. (“Zurp”, “us,” “we,” or “our”) and detail the agreement between you and Zurp for using the Zurp services (“Services”). Your access to our website and use of our Services is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who access or use the Service.
These Terms are a legally binding contract between you and Zurp. Please read these Terms carefully. By using our Services, including signing up for an account and/or making a deposit, you acknowledge that you have read, understood, and accepted these Terms. If you disagree with any part of these Terms then you may not access the Service.
As Zurp grows and changes, these Terms will change too. When we make changes to these Terms, we will update the date above.
Zurp may not make our Services available in all markets and jurisdictions, and may restrict or prohibit use of our Services from certain U.S. states or foreign jurisdictions ("Restricted Locations"). By using our Services, you represent that you are not located in, under the control of, or a national or resident of any Restricted Locations, or any country to which the U.S. prohibits the use of our Services.
You may use our Services only if you are age 18 or older and not barred from using banking or investment services under the laws of the U.S. or other applicable jurisdiction.
Each person is allowed only one Zurp account, and you may not create additional accounts on behalf of any other individual.
Details for Opening an Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Subject to these Terms, you are hereby granted a non-exclusive, limited, non-transferable, freely revocable license to use the Services for your personal, noncommercial use only and as permitted by the features of the Services. Zurp reserves all rights not expressly granted herein in the Services and the Zurp Content (as defined below). Zurp may terminate this license at any time for any reason or no reason.
We frequently update the products that constitute our Services. The products or services available Zurp makes available may be mispriced, described inaccurately, or unavailable, and we may experience delays in updating information on our Services and in our advertising on other websites Zurp cannot and does not guarantee the accuracy or completeness of any information, including prices, availability, and services presented on the website, the application, or on advertisements posted elsewhere. We reserve the right to change or update information and to correct errors, inaccuracies, or omissions at any time without prior notice.
Zurp enables customers to benefit from staking within the crypto/Decentralized Finance (“DeFi”) ecosystem with a simple, easy to use experience, that generates a stable stream of rewards.
Zurp facilitates rewards generation for customers by deploying their funds within crypto protocols. Zurp’s strategy and rewards may change over time.
Zurp partners with Wyre Payments, Inc., a Delaware corporation (“Wyre”) to facilitate your deposit and withdrawal of USD fiat currency via bank wire transfers, ACH, wire or RTP transfers. All deposits are handled and custodied by Wyre. Wyre converts the fiat currency into USDC and deposits the USDC into your Wyre wallet. Zurp never custodies your deposits.
When you open an account, Zurp opens an account with Wyre on your behalf. Your funds are held by Wyre until request to withdraw them, at which point Wyre will convert your funds back into fiat and then transmit them back to you.
Zurp does not have or retain direct custody or control over funds or virtual currency in your Zurp account, nor do we directly transmit funds or virtual currency to or from your Zurp account.
Digital wallet services are provided by Wyre. All services provided by Wyre are subject to the applicable account agreement, the Wyre Terms of Service, privacy policies, and other applicable agreements and disclosures, all available here.
By using our Services, you agree to such agreements, policies, disclosures, and terms of service.
You are responsible for maintaining adequate security and control of any and all username, IDs, passwords, or any other codes that you use to access your account.
You are solely responsible for the activities of anyone accessing our Services using your password, even if you did not authorize the activities. You must notify us at email@example.com immediately of any unauthorized use or suspected unauthorized use of your password.
If you know or suspect your password has been compromised, you must promptly change your password. Even if you give us notice, you could be held liable for your loss, e.g. if a malicious third party makes a withdrawal on your behalf which Wyre has processed, prior to receiving your notice. Wyre may freeze your account, if they receive a notice from you, or if they suspect themselves any suspicious activity. You will be notified of such a suspension.
To protect yourself from unauthorized activity in your account, you should regularly log into your account and review your account statement.
In case of errors, contact us at firstname.lastname@example.org An error means the following:
Please email us at email@example.com if you discover an error or need more information about a transaction.
We will fix any processing error that we discover. If the error results in:
We will determine if an error has occurred within 5 business days after being notified. If we need more than 5 business days to determine if an error occurred, we will provisionally credit your account.
You agree to contact us within 150 days of the error occurring. We are not liable for any losses associated with Errors for which you do not contact us within 150 days.
Zurp earns the remaining rewards paid by the lending protocols after returning a set rate to the user. The fees charged by Zurp for deposits and withdrawals depend on Wyre’s fees and fees of our USDC transaction processing partners. Zurp aims not to charge any fees on top of that.
Similarly, Zurp does not add additional fees to deposit or withdraw from Wyre.
Please note that there might be additional fees imposed by your bank or blockchain network used when making transactions.
We will provide reasonable notice of any fees and will give you the opportunity to terminate your deposits before such fees become effective.
Zurp reserves the right to change its fee structure at any point. Any fee changes will be communicated to you via notifying you using one of our usual channels. Your continued use of Zurp after any fee change(s) comes into effect constitutes your agreement to pay the fees. Except as required by law, fees are non-refundable.
Signing up to use Zurp or referring new users to Zurp may result in you earning rewards, benefits or access to features, as determined by Zurp in our sole discretion (each, a “Bonus”). You will only be eligible for a signup Bonus, if: (i) you successfully open a new account; and (ii) you do not currently and have not previously maintained an account with Zurp. You will only be eligible for a referral Bonus, if: (i) the referred person is able to successfully open a new account, (ii) the referred person does not currently and has not previously maintained an account with Zurp; and (iii) we are able to verify, in our sole discretion, that you actually referred such person through use of a personalized referral link, code or otherwise. Zurp may make certain Bonuses contingent on you and/or your referred user completing additional actions such as linking a bank account, successfully completing a deposit, successfully completing a transaction, maintaining an account (or account balance) for some period of time or any other reasonable requirements that Zurp determines and communicates to you. The specific nature of any Bonus will be communicated to you on our website or through your account and may be subject to limits and changes at Zurp’s sole discretion.
All calculations of Bonuses and any Promotions (as defined below) (collectively, “Rewards”) shall be handled by Zurp. Such calculations by Zurp shall be the sole and exclusive method of calculating such Rewards. You shall have no claim against Zurp related to the delivery or calculation of Rewards. If Zurp determines that you have received any Rewards in error or that you have otherwise violated our Terms of Service, Zurp reserves the right to rescind and reclaim any Rewards paid to you. Zurp reserves the right to modify, suspend or discontinue any Rewards at any time in its sole discretion. If you are not happy with any changes to the Rewards offered by Zurp, your sole recourse is to stop using our Services.
We may from time to time make available special offers and promotions that provide an opportunity to receive additional rewards, discounts, coupons, gift cards, or other incentives or benefits to Zurp’s users in connection with your use of our Services or otherwise (collectively “Promotions”). You agree that, unless otherwise specifically provided in writing in connection with such Promotion, any Promotion: (i) may only be used for the intended purpose; (ii) are non-transferrable; (iii) may not be combined with any other Promotions; (iv) is only redeemable as long as supplies last; (v) may be canceled or discontinued (in whole or in part) at any time by us; (vi) may not be redeemed for cash; and (vii) may expire prior to your use. You acknowledge and agree that we may change the terms and conditions of any Promotion at any time without prior notice to you, including changing the expiration date. These Promotions may have additional eligibility requirements, to be determined in Zurp’s sole discretion.
Zurp is not an investment advisor. Zurp does not provide investment advice. No content published on our website constitutes a recommendation that any particular cryptocurrency, digital assets, or digital finance protocols are suitable for any specific person.
Zurp is not acting and cannot act as an advisor, including as to any financial, legal, investment, insurance and/or tax matters. Any information provided by Zurp is for general information only.
Zurp is not an investor and does not invest on your behalf. It is solely your choice to have Zurp direct your funds into an open DeFi protocol. It is also your choice which protocol the funds are directed to.
Zurp is not a loan broker nor do we facilitate any lending and borrowing.
The value of any gains related using digital finance protocols may constitute taxable income.
The U.S. regulations on cryptocurrencies are subject to significant uncertainty and are evolving rapidly.
While we are making every effort to comply with applicable rules and regulations in the U.S. and internationally with respect to our operations, we cannot predict nor guarantee that your use, transfer or exchange of cryptocurrencies on our system will not be subject of any such regulations. Any change of cryptocurrency regulations may have a material negative impact on your ability to use and transfer such cryptocurrencies and may cause you to lose all or a portion of the value of such cryptocurrencies.
The use, transfer and exchange of cryptocurrencies may be subject to applicable federal and state laws, including rules and regulations promulgated by various regulatory agencies, such as the Securities Exchange Commission, Financial Crimes Enforcement Network (FinCEN), Commodity Futures Trading Commission, Office of the Comptroller of the Currency, Internal Revenue Services and state money transmission or virtual currency business licensing agencies.
Zurp uses decentralized finance which automates financial services powered by cryptocurrencies. Cryptocurrencies are not insured by the Federal Deposit Insurance Corporation (“FDIC”), or by any other agency, and the use of cryptocurrencies may carry financial risk.
Any decision to deposit or withdraw digital currency is solely your decision and Zurp is not liable for any loss suffered or be responsible for any damages, claims, losses, accidents, costs or other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, general, or consequential damages.
The Services and all materials therein or transferred thereby, including, without limitation, software, images, text, graphics, illustrations, logos, patents, trademarks, service marks, copyrights, photographs, audio, videos and music (the “Zurp Content”), and all Intellectual Property Rights related thereto, are the exclusive property of Zurp and its licensors. Except as explicitly provided herein, nothing in these Terms shall be deemed to create a license in or under any such Intellectual Property Rights, and you agree not to sell, license, rent, modify, distribute, copy, reproduce, transmit, publicly display, publicly perform, publish, adapt, edit or create derivative works from any Zurp Content. Use of the Zurp Content for any purpose not expressly permitted by these Terms is strictly prohibited.
For the purposes of these Terms, “Intellectual Property Rights” means all patent rights, copyright rights, mask work rights, moral rights, rights of publicity, trademark, trade dress and service mark rights, goodwill, trade secret rights and other intellectual property rights as may now exist or hereafter come into existence, and all applications therefore and registrations, renewals and extensions thereof, under the laws of any state, country, territory or other jurisdiction.
If you have a complaint, please contact us at firstname.lastname@example.org and we'll do our best to fix the problem.
Please note. Read this section carefully because it requires the parties to arbitrate their disputes and limits the manner in which you can seek relief from Zurp.
For any dispute with Zurp, you agree to first contact us at email@example.com and attempt to resolve the dispute with us informally.
In the unlikely event that Zurp has not been able to resolve a dispute after 60 days, Zurp and you agree to resolve any claim or dispute arising in connection with this agreement by binding arbitration by Court of Chancery (“COC”).
The arbitration will be conducted in Delaware, unless agreed otherwise.
COC may require you to pay a fee for the initiation of your case, unless you successfully obtain a fee waiver from COC. The award rendered by the arbitrator may include your costs of arbitration, your reasonable attorney’s fees, and your reasonable costs for expert and other witnesses.
You may sue in a small claims court of competent jurisdiction without first engaging in arbitration, but this does not absolve you of your commitment to engage in the informal dispute resolution process.
Nothing shall prevent Zurp from seeking injunctive or other equitable relief from the courts as necessary to prevent the actual or threatened infringement, misappropriation, or violation of our data security, intellectual property rights or other proprietary rights.
You agree to defend, indemnify and hold harmless Zurp and its subsidiaries, shareholders, agents, licensors, managers, and other affiliated companies, and their employees, contractors, subcontractors, agents, officers and directors, from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney’s fees) arising from: (i) your use of and access to the Services, including any data or content transmitted or received by you; (ii) your violation of any term of these Terms, including without limitation your breach of any of the representations and warranties above; (iii) your violation of any third-party right, including without limitation any right of privacy or Intellectual Property Rights; (iv) your violation of any applicable law, rule or regulation; (v) your willful misconduct; or (vi) any other party’s access and use of the Services with your unique username, password or other appropriate security code.
THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. USE OF THE SERVICES ARE AT YOUR OWN RISK. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SERVICES ARE PROVIDED WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM ZURP OR THROUGH THE SERVICE WILL CREATE ANY WARRANTY NOT EXPRESSLY STATED HEREIN. WITHOUT LIMITING THE FOREGOING, ZURP, ITS SUBSIDIARIES, ITS AFFILIATES, AND ITS LICENSORS DO NOT WARRANT THAT THE CONTENT IS ACCURATE, RELIABLE OR CORRECT; THAT THE SERVICES WILL MEET YOUR REQUIREMENTS; THAT THE SERVICES WILL BE AVAILABLE AT ANY PARTICULAR TIME OR LOCATION, UNINTERRUPTED OR SECURE; THAT ANY DEFECTS OR ERRORS WILL BE CORRECTED; OR THAT THE SERVICE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. ANY CONTENT DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SERVICE IS DOWNLOADED AT YOUR OWN RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR MOBILE DEVICE OR LOSS OF DATA THAT RESULTS FROM SUCH DOWNLOAD OR YOUR USE OF THE SERVICES.
FURTHER, ZURP DOES NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY A THIRD PARTY THROUGH THE SERVICES OR ANY HYPERLINKED WEBSITE OR SERVICE, AND ZURP WILL NOT BE A PARTY TO OR IN ANY WAY MONITOR ANY TRANSACTION BETWEEN YOU AND THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES.
FEDERAL LAW, SOME STATES, PROVINCES AND OTHER JURISDICTIONS DO NOT ALLOW THE EXCLUSION AND LIMITATIONS OF CERTAIN IMPLIED WARRANTIES, SO THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU. THESE TERMS GIVE YOU SPECIFIC LEGAL RIGHTS, AND YOU MAY ALSO HAVE OTHER RIGHTS WHICH VARY FROM STATE TO STATE. THE DISCLAIMERS AND EXCLUSIONS UNDER THESE TERMS WILL NOT APPLY TO THE EXTENT PROHIBITED BY APPLICABLE LAW.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL ZURP, ITS AFFILIATES, AGENTS, DIRECTORS, EMPLOYEES, SUPPLIERS OR LICENSORS BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO THE USE OF, OR INABILITY TO USE, THE SERVICE. UNDER NO CIRCUMSTANCES WILL ZURP BE RESPONSIBLE FOR ANY DAMAGE, LOSS OR INJURY RESULTING FROM HACKING, TAMPERING OR OTHER UNAUTHORIZED ACCESS OR USE OF THE SERVICE OR YOUR ACCOUNT OR THE INFORMATION CONTAINED THEREIN.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ZURP ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY (I) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT; (II) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO OR USE OF OUR SERVICE; (III) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION STORED THEREIN; (IV) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM THE SERVICE; (V) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE THAT MAY BE TRANSMITTED TO OR THROUGH OUR SERVICE BY ANY THIRD PARTY; (VI) ANY ERRORS OR OMISSIONS IN ANY CONTENT OR FOR ANY LOSS OR DAMAGE INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, EMAILED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE THROUGH THE SERVICES; AND/OR (VII) USER CONTENT OR THE DEFAMATORY, OFFENSIVE, OR ILLEGAL CONDUCT OF ANY THIRD PARTY. IN NO EVENT SHALL ZURP, ITS AFFILIATES, AGENTS, DIRECTORS, EMPLOYEES, SUPPLIERS, OR LICENSORS BE LIABLE TO YOU FOR ANY CLAIMS, PROCEEDINGS, LIABILITIES, OBLIGATIONS, DAMAGES, LOSSES OR COSTS IN AN AMOUNT OF $50.00.
THIS LIMITATION OF LIABILITY SECTION APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER BASIS, EVEN IF ZURP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATIONS OR EXCLUSIONS MAY NOT APPLY TO YOU. THESE TERMS GIVE YOU SPECIFIC LEGAL RIGHTS, AND YOU MAY ALSO HAVE OTHER RIGHTS WHICH VARY FROM STATE TO STATE. THE DISCLAIMERS, EXCLUSIONS, AND LIMITATIONS OF LIABILITY UNDER THESE TERMS WILL NOT APPLY TO THE EXTENT PROHIBITED BY APPLICABLE LAW.
We may amend or modify these Terms by updating this page, https://zurp.com/terms-of-service, or emailing to you the revised Terms, and the revised Terms shall be effective at such time. If you do not agree with any such modification, you must terminate your use of the Services and close your account by notifying firstname.lastname@example.org. You agree that we are not liable to you or any third party for any modification or termination of the Services, or suspension or termination of your access to the Services, except to the extent otherwise expressly set forth herein. If the revised Terms include a material change, we will endeavor to provide you advanced notice via our website and/or email before the material change becomes effective. Continued use of the Services after any such changes shall constitute your consent to such changes.
ACH payments are electronic payments that are created when you give an originating institution, corporation, or other customer (originator) authorization to debit directly from the customer's checking or saving account for the purpose of bill payment.
The following disclosures are made in accordance with the federal law regarding electronic payments, deposits, transfers of funds and other electronic transfers to and from your account(s).
Electronic Fund Transfer. Any transfer of funds, other than a transaction originated by check, draft or similar paper instrument, that is initiated through a mobile device to instruct Zurp to debit or credit an account. Electronic Fund Transfers include such electronic transactions as direct deposits or withdrawals of funds, transfers initiated via telephone, website or mobile application.
Preauthorized Electronic Fund Transfer. An Electronic Fund Transfer that you have authorized in advance to recur at substantially regular intervals. For example, direct deposits into or withdrawal of funds out of your account.
Authorized Transfers. You are liable for all Electronic Fund Transfers that you authorize, whether directly or indirectly.
Unauthorized Transfers. Tell us at once if you believe your account or access information is lost or stolen or has been or may be subject to unauthorized Electronic Fund Transfers. You could lose all the money in your accounts If you tell us within two (2) business days after learning of the loss or theft of your account access device, or after learning of any other unauthorized transfers from your account involving your account access device. Also, if your periodic account statement shows unauthorized transfers and you do not tell us within sixty (60) days after the statement was delivered to you, you may not get back any money you lose after the sixty (60) day period if we can prove that we could have prevented the unauthorized transfer(s) if you had told us in time.
If you agree to using ACH payments as a funding mechanism, you hereby adhere to the following:
These Terms are the sole entire agreement between you and Zurp with respect to our Services. Any prior understandings, agreements or representations and warranties with respect to our Services are superseded by these Terms.
You cannot assign or transfer any rights or obligations under these Terms without prior written consent from Zurp. If we do not assert a right or provision under these Terms, this shall not constitute a waiver of such right or provision.
If any provision of these Terms is held by a court to be invalid, illegal, or unenforceable by any reason, such provision shall be modified to reflect the parties’ and ensure the remaining provisions of this agreement will continue in full force and effect.
If you would like further explanation on our product or what's going on at Zurp you can reach out to us at email@example.com and we will gladly answer any questions you have.