Terms and Conditions
Last Updated: January 19, 2026
Agreement to Terms
By accessing and using Toristable Pay's services, you agree to be bound by these Terms and Conditions. Please read them carefully before using our platform. If you do not agree with any part of these terms, you may not use our services.
1. Service Description
Toristable Pay provides a payment platform that enables international tourists to:
- Convert fiat-backed stablecoins (USDT, USDC) to Indian Rupees (INR)
- Make payments to UPI-enabled merchants across India
- Access real-time transaction history and receipts
- Manage stablecoin wallets for payment purposes
2. Eligibility
To use Toristable Pay, you must:
- Be at least 18 years of age
- Have a valid government-issued identification
- Possess a compatible stablecoin wallet
- Not be located in a country where our services are prohibited
- Complete our Know Your Customer (KYC) verification process
3. Account Responsibilities
3.1 Account Security
You are responsible for maintaining the confidentiality of your account credentials and wallet private keys. Any activities conducted through your account are your responsibility.
3.2 Accurate Information
You must provide accurate, current, and complete information during registration and keep it updated.
3.3 Prohibited Activities
You agree not to use Toristable Pay for any illegal activities, money laundering, fraud, or violation of any laws or regulations.
4. Fees and Payments
By using our services, you agree to pay the following fees:
Transaction Fee
A percentage-based fee on each transaction
Currency Conversion
Applicable exchange rate spread
Network Fees
Blockchain gas fees (passed through)
Withdrawal Fee
Fees for converting INR back to stablecoins
* All fees are displayed before transaction confirmation
5. Transaction Terms
Transaction Finality
All transactions are final and cannot be reversed once confirmed on the blockchain.
Exchange Rate Fluctuations
Stablecoin prices are designed to remain stable. The exchange rate is locked at the time of transaction initiation.
Failed Transactions
In case of transaction failure, funds will be returned to your wallet within 24-48 hours.
6. Regulatory Compliance
Toristable Pay operates in compliance with:
- Reserve Bank of India (RBI) guidelines for digital payments
- Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations
- Prevention of Money Laundering Act (PMLA), 2002
- Foreign Exchange Management Act (FEMA), 1999
- Applicable stablecoin and digital asset regulations in India
7. Limitation of Liability
Toristable Pay shall not be liable for:
- Loss of funds due to user error or negligence
- Stablecoin de-pegging events or price fluctuations
- Service interruptions or technical failures
- Third-party service provider issues (wallet providers, exchanges)
- Merchant disputes or refusal of payment
- Unauthorized access to your account due to compromised credentials
8. Termination
We reserve the right to suspend or terminate your account at any time if you violate these terms, engage in fraudulent activities, or for any other reason at our sole discretion. You may also close your account at any time by contacting customer support.
9. Changes to Terms
We may modify these Terms and Conditions at any time. Changes will be effective immediately upon posting. Continued use of our services after changes constitutes acceptance of the modified terms.
10. Governing Law
These Terms and Conditions are governed by the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts in Bangalore, Karnataka, India.
Questions?
If you have any questions about these Terms and Conditions, please contact us:
Email: legal@toristable.com
Phone: +91 123 456 7890
Address: 123 Tech Park, Bangalore, Karnataka 560001, India