These Terms & Conditions ("Terms") govern your access to and use of the website and services of CRB Solutions SIA, a company registered in the Republic of Latvia (European Union) under Reg. No. 50203608491, trading as "NORDBYT" ("NORDBYT", "we", "us" or "our"). By engaging our services or using this website you agree to these Terms.
1. Who we are — and what we are not
NORDBYT is a payments consultancy and a technology matching engine. We advise merchants and connect them with third-party financial institutions — acquiring banks, banks, payment service providers, alternative payment methods and crypto exchanges — and provide orchestration technology to route transactions between them.
We are not a bank, acquirer, electronic money institution, payment institution or other licensed financial institution. We do not hold, process, acquire or settle funds on your behalf, and we do not provide regulated payment services within the meaning of Directive (EU) 2015/2366 (PSD2). All regulated financial services are provided by the relevant third-party institution under its own agreement with you.
2. Eligibility
Our services are offered strictly on a business-to-business basis to legally constituted entities. By engaging us you confirm that you are authorised to act for your organisation, that your business is lawful in every jurisdiction in which it operates, and that the information you provide is accurate and complete.
3. Scope of engagement
The specific services, deliverables and commercial terms of each engagement are set out in a separate proposal, statement of work or order form. Where those documents conflict with these Terms, the engagement-specific document prevails for that engagement.
4. Your obligations
- ✦Provide accurate, current and complete information for due diligence, onboarding and underwriting.
- ✦Hold and maintain all licences, registrations and authorisations required for your activities.
- ✦Comply with the rules of card schemes, financial institutions and applicable law at all times.
- ✦Not use our services or introductions for any unlawful, fraudulent or prohibited purpose.
5. Third-party financial institutions
Introductions and matches are made on a best-efforts basis. We do not control the decisions of third-party institutions and give no guarantee that any application will be approved, that any account will be maintained, or that any specific rate, limit or settlement time will be achieved. Your relationship with each institution is governed by a separate agreement between you and that institution, to which NORDBYT is not a party.
6. Fees
Fees, payment terms and any applicable taxes are as stated in the relevant engagement document. Unless stated otherwise, invoices are payable within the period specified, and overdue amounts may accrue statutory interest under Latvian and EU law.
7. Intellectual property
All intellectual property in our website, technology, methodologies, documentation and materials remains the property of NORDBYT or its licensors. No rights are transferred except a limited, non-exclusive right to use deliverables for your internal business purposes during the engagement.
8. Confidentiality
Each party will keep confidential the non-public information disclosed by the other and use it only for the purposes of the engagement, except where disclosure is required by law or a competent authority.
9. Data protection
We process personal data in accordance with Regulation (EU) 2016/679 (GDPR) and our Privacy Policy, which forms part of these Terms.
10. Warranties & disclaimers
Services are provided with reasonable skill and care. To the fullest extent permitted by law, all other warranties, whether express or implied, are excluded. Our website and content are provided "as is" for general information and do not constitute financial, legal or regulatory advice.
11. Limitation of liability
To the extent permitted by law, NORDBYT is not liable for indirect, incidental or consequential loss, or for lost profits, revenue, goodwill or data. Our total aggregate liability arising out of or in connection with an engagement is limited to the fees paid by you to NORDBYT for that engagement in the twelve months preceding the event giving rise to the claim. Nothing limits liability that cannot be excluded under applicable law.
12. Indemnity
You will indemnify NORDBYT against claims, losses and costs arising from your breach of these Terms, your business activities, or your breach of applicable law or the rules of any financial institution or card scheme.
13. Term & termination
Either party may terminate an engagement as set out in the relevant engagement document. We may suspend or terminate services immediately where required by law, by a financial institution, or where we reasonably suspect unlawful activity. Clauses intended to survive termination (including confidentiality, IP, liability and governing law) continue to apply.
14. Governing law & disputes
These Terms are governed by the laws of the Republic of Latvia and applicable European Union law. The courts of Latvia have exclusive jurisdiction, without prejudice to any mandatory consumer or statutory rights.
15. Changes & contact
We may update these Terms from time to time; the current version is always published on this page. Questions can be sent to business@nordbyt.com.
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