Forbidden Activities
To ensure the safety of our ecosystem, the following actions are strictly prohibited and will result in immediate permanent suspension:
Financial Crimes
- • Use of stolen credit/debit cards
- • Money laundering & illicit transfers
- • Unauthorized chargeback attempts
System Abuse
- • API scraping or bot-net attacks
- • Exploiting pricing glitches
- • Multiple account creation for bonus abuse
Chargeback & Dispute Policy
VenditPay maintains a Zero Tolerance Policy for fraudulent chargebacks. If you initiate a dispute with your bank for a successful service delivery (e.g., Data sent to your phone), your account will be blacklisted across all partner fintech networks, and your details will be forwarded to the Credit Bureau.
Law Enforcement Cooperation
In cases of confirmed fraud or theft, VenditPay reserves the right to share your KYC data (NIN, BVN, IP Address, and Phone Number) with the Economic and Financial Crimes Commission (EFCC) and the Nigeria Police Force (NPF) without prior notice.
Automated Flagging
Our AI-driven "VenditShield" monitors transaction patterns. Your account may be temporarily "Limited" if we detect:
- Unusually high transaction frequency (Velocity check)
- Login attempts from multiple high-risk IP addresses
- Mismatch between BVN name and funding source