Terms of Service

Verispect Ltd acts exclusively as an algorithmic escrow and clearing agent. All inbound contract payments, minus the explicit 2.50% operational SaaS fee, constitute segregated client funds held in trust for the designated international supplier. Verispect Ltd is not a bank and is not deposit-taking.

Money transmission is executed by our Tier-1 licensed banking partners and their APIs (including Airwallex and Wise) under their own licences. Netract's role is limited to holding cleared contract proceeds in trust pending instruction, mapping verified delivery markers, commit references, pull request links, timestamps, and human client sign-off, to institutional B2B procurement data streams, and to recording and attesting the resulting obligations.

Segregated client funds are not the property of Verispect Ltd, are not commingled with its own assets, and are not customer deposits, stored value, or investments. They are not covered by any deposit guarantee or insurance scheme. Netract does not offer remittance, consumer currency exchange, or any interest, yield, or investment return.

Balances shown in the platform represent contract proceeds held in trust for the designated supplier under the tripartite master agreement, net of the 2.50% operational SaaS fee.

Corporate taxation and reporting liabilities of Verispect Ltd are calculated solely on the net platform margins it retains, and not on the gross value of segregated client funds passing through the clearing layer. Each supplier remains responsible for its own tax position on amounts held for it.

The platform is available to corporate B2B suppliers of software engineering and digital services. You must complete Know Your Business (KYB) verification and execute the tripartite master agreement before your GitHub organisation is linked and procurement records can be recorded, and you must keep your registration, ownership, and contact records accurate.

You are responsible for safeguarding your credentials, API keys, and GitHub organisation access, and for all activity performed under them. Notify us immediately of suspected unauthorized access.

You may use Netract solely to record and attest engineering delivery against bona fide procurement obligations owed to you by Western corporate clients for services actually rendered. You may not use the platform to disguise third-party payment processing, to record obligations unrelated to your own services, or for any activity prohibited by our licensed banking partners or applicable law.

Prohibited activity includes money laundering, terrorist financing, sanctions evasion, fraudulent invoicing, unlicensed money transmission, and any use designed to disguise the origin, destination, or purpose of funds.

The Omni-Channel Orchestration Engine verifies human-approved activity using standard GitHub webhooks. Netract never reads or parses your proprietary project code. Only public activity metadata is processed, preserving absolute software asset isolation between your codebase and our compliance infrastructure.

Corporate buyers pay no platform fee and settle verified supplier milestones via native SEPA bank transfer at a €0.00 execution cost. Supplier agencies pay a flat 2.50% performance-based settlement fee, deducted only when a foreign currency invoice successfully clears and converts, whether into the agency's formal local bank Foreign Currency Retention Account or via direct international B2B SaaS tool bill clearing. There are no subscriptions, upfront fees or other charges. Fees, routing, and net amounts are displayed before confirmation and recorded immutably in the Compliance Passport.

Final-mile clearing instructions are executed exclusively by our Tier-1 licensed banking partners. Availability of local banking rails is outside our control, and settlement times are targets rather than guarantees. We may delay, decline, or reverse an instruction where required by law, by a partner institution, or by our compliance obligations.

You are responsible for the accuracy of your formal local bank Foreign Currency Retention Account details. Transfers dispatched to an account identifier you supplied may be irreversible.

You agree to provide requested documentation regarding your business, its beneficial owners, your clients, and the underlying commercial relationship for any recorded procurement obligation. We may suspend your account or withhold attestation pending completion of compliance review.

You are solely responsible for determining, reporting, and remitting all taxes, duties, and levies arising from your invoicing and receipts, in every relevant jurisdiction. Netract provides Compliance Passport records for your accounting but does not provide tax advice.

The platform is provided on an "as available" basis. To the maximum extent permitted by law, Verispect Ltd is not liable for indirect, incidental, or consequential losses, loss of profit, or loss of business opportunity. Our aggregate liability for any claim is limited to the platform fees you paid in the three months preceding the event giving rise to the claim.

Either party may terminate the relationship with notice. We may suspend or terminate access immediately where required by law or by a partner institution, or where we reasonably suspect prohibited activity. On termination outstanding procurement obligations remain subject to compliance clearance by our licensed banking partners.

These terms are governed by the laws of England and Wales, and the courts of England and Wales have exclusive jurisdiction over any dispute arising from them.