Terms of Service

Drip's Terms ("Terms") is an agreement between you or the entity you represent ("User") and the applicable Drip entity specified in section 20 (Definitions) ("Drip") and governs User's access to and use of Drip Services.

These Terms govern the User's access to and use of the Drip Services and any Drip account or functionality made available to the User in connection with the Drip Services.

By using Drip, the User understands and expressly agrees to these Terms, regardless of whether or not the User is a customer of Drip, and the User acknowledges that they have reviewed and understand each of the disclosures made in this section.

By using a Drip account, or using any of the Drip Services, the User agrees that they have read, understood, and accept all of the terms and conditions contained in these Terms, as well as our Privacy Policy, Cookie Policy, and E-Sign Consent, and the User acknowledges and agrees that they will be bound by these terms and policies.

Section 16 of these Terms governs how these Terms may be changed over time; the date of the last update is set forth at the top of these Terms.

The Drip Services include (as applicable) smart contract wallet infrastructure, session-based billing authorization tools (including Session Keys), security deposit mechanisms, usage-based charge calculation, and on-chain settlement using USDC. End Users may authorize a specific Merchant to initiate charges only within parameters established in advance by the End User, including applicable spending limits and authorization periods. Revocation of an authorization prevents future charges only and does not affect charges already executed under a valid authorization.

The User understands and agrees that digital assets used in connection with the Drip Services are held in a self-custodial wallet (a "User Wallet") controlled exclusively by the User's cryptographic keys. Drip does not possess, control, access, or have the ability to recover the User's private keys, recovery phrases, or User Wallet assets at any time. The User is solely responsible for safeguarding their keys and credentials, and any loss, theft, or compromise may result in permanent and irreversible loss of digital assets, for which Drip has no liability or obligation to recover.

Drip accounts, Drip Services, and support for Drip are currently only available to eligible individuals and institutions (as applicable) located in the United States.

By creating a Drip account, or accessing or using the Drip Services, the User further represents and warrants that:

The User is at least 18 years old, is not a Restricted Person, and is not using Drip on behalf of a Restricted Person. The User will not be using Drip or the Drip Services (as applicable) for any illegal activity, including, but not limited to, money laundering, fraud, extortion, ransoming data, terrorism financing, other violent activities, or any prohibited market practices.

The User also understands that there are additional representations and warranties made by the User elsewhere in (or by reference in) these Terms and that any misrepresentation by the User is a violation of these Terms.

If Drip reasonably believes that the User or any of the User's authorized users or customers has violated these Terms or Applicable Law, Drip may suspend or terminate the User's access to the Drip Services. Any on-chain transactions, settlements, or smart-contract–enforced consequences (including Security Deposit slashing, if applicable) that occur pursuant to valid authorizations are automatic, final, and irreversible, and do not involve custody, seizure, or discretionary control of funds by Drip.

We grant the User a limited, non-exclusive, non-sublicensable, and non-transferable license, subject to the terms and conditions of these Terms, to access and use the Drip Services solely for approved purposes as determined by Drip. Any other use of the Drip Services is expressly prohibited. Drip reserves all rights in the Drip Services, and the User agrees that these Terms do not grant the User any rights in or licenses to the Drip Services except for the limited license set forth above. Except as expressly authorized by Drip, the User agrees not to modify, reverse engineer, copy, frame, scrape, rent, lease, loan, sell, distribute, or create derivative works based on the Drip Services, in whole or in part. If the User violates any portion of these Terms, the User's permission to access and use the Drip Services may be terminated pursuant to these Terms.

"Drippay.dev", "Drip", and all logos related to the Drip Services are either trademarks or registered marks of Drip or its licensors. Whether or not the User has a Drip account, the User may not copy, imitate, or use Drip Services' trademarks, registered marks, or logos of Drip or its licensors without Drip's prior written consent. All right, title, and interest in and to the Drip website, any content thereon, the Drip Services, and all technology and any content created or derived from any of the foregoing are the exclusive property of Drip and its licensors.

The following risk factors and disclosures apply to the User's access to and use of the Drip Services and are not exhaustive.

The User acknowledges and agrees that the User is using blockchain-based systems and related services at the User's own risk and that Drip does not make any representation, warranty, or guarantee regarding the suitability, availability, security, integrity, or continued operation of any blockchain network, digital asset, stablecoin, or third-party service used in connection with the Drip Services.

As part of the Drip Services, End Users may authorize a specific Merchant to initiate usage-based charges by creating cryptographic session keys with predefined parameters, including a maximum spending limit, a limited authorization period, and restricted transaction call patterns that are subject to rate limits. Once granted, a session key permits the authorized Merchant to initiate charges up to the applicable limits without further confirmation for each charge. The User is solely responsible for understanding the scope of any authorization the User grants, monitoring the User's active session keys, and revoking any authorization the User no longer wishes to honor.

Revocation of a session key generally becomes effective only after the applicable settlement batch is processed and confirmed on-chain. As a result, charges executed pursuant to a valid session key prior to the effective revocation may still be settled. Revocation prevents future charges only and does not reverse or invalidate charges already executed in accordance with the authorization parameters.

Settlement of charges is processed in time-based settlement batches. Charges executed pursuant to a valid session key prior to the close of a settlement batch may be included in that batch for settlement, even if a revocation request is submitted before the batch is processed. The User acknowledges that settlement timing is determined by batch-processing mechanics and not by individual transaction execution times.

Drip may, in its sole discretion, facilitate or process manual refunds or adjustments as a courtesy. Any such refund or adjustment is voluntary, may be subject to additional conditions, and does not create any obligation, precedent, or expectation that refunds will be provided in any particular circumstance. Drip does not guarantee the availability, timing, or outcome of any refund request.

The Drip Services rely in part on third-party and open-source software and services, including supported blockchain networks, stablecoin infrastructure, wallet providers, RPC providers, and hosting providers. Third parties may support or integrate with Drip without Drip's authorization or approval. Drip does not control, endorse, audit, or assume responsibility for any third-party platform or service the User may use in connection with the Drip Services, and any relationship or dispute between the User and such third party is solely between the User and that party.

Upon settlement, digital assets are transferred directly from End User wallets to Merchant-designated wallet addresses. Merchants may custody, control, or further transfer such assets after settlement, and any such custody, storage, or subsequent use of funds is solely the responsibility of the Merchant. Drip does not custody, control, monitor, or assume responsibility for digital assets once the digital assets are transferred to a Merchant wallet.

Transactions executed on blockchain networks are generally irreversible once confirmed. Drip does not have the ability to reverse, cancel, or recover any on-chain transaction, including transactions executed pursuant to session key authorizations. Errors in addresses, authorization parameters, or transaction execution may result in permanent loss of funds, for which Drip bears no responsibility.

The User acknowledges and accepts the risk of operational challenges, including cyber-attacks, exploits, bugs, vulnerabilities, unexpected surges in activity, network congestion, downtime, degraded performance, and other technical or operational failures that may result in interruptions, delays, or failures of the Drip Services. Drip does not guarantee uninterrupted or error-free operation and shall not be liable for losses arising from such events.

Drip may sponsor blockchain network transaction fees ("gas") for certain operations in connection with the Drip Services, subject to fair use policies, rate limits, and gas caps determined by Drip. Drip reserves the right to impose, modify, or discontinue gas sponsorship at any time and is not responsible for transactions that fail or are delayed due to the application of such limits.

The User is solely responsible for maintaining the security of the User's private keys, session keys, credentials, and devices. Drip does not possess, store, or control the User's private keys or recovery phrases and generally cannot recover access to the User's User Wallet or digital assets. Drip does not monitor the User's transactions, session key usage, or wallet balances, does not flag potentially malicious activity, and does not notify the User of events unless expressly stated otherwise, along with exceptions stated in Section 12 (Records and Taxes).

The User is responsible for complying with all applicable laws, rules, and regulations relating to the User's use of the Drip Services, including tax laws and reporting obligations. Laws and regulations governing blockchain technology and stablecoins are evolving and may adversely affect the Drip Services or the User's ability to use Drip Services.

Drip may charge fees for the use of the Drip Services as set forth in the applicable fee schedule published by Drip (the "Drip Fee Schedule") or as otherwise disclosed to the User prior to the User's use of a specific Drip Service. By using the Drip Services, the User agrees to pay all applicable fees in accordance with the Drip Fee Schedule, as in effect at the time the applicable fees are incurred.

Unless otherwise stated in the Drip Fee Schedule, Drip charges a platform fee equal to 1% of the total settled transaction volume, along with any applicable flat fee, as disclosed in the Drip Fee Schedule. Platform fees may apply to Merchants, End Users, or both, depending on the applicable Drip Service and the fee structure in effect at the time of charge. Platform fees are calculated based on platform usage and settlement activity processed through the Drip Services and may be deducted from settlement amounts or charged separately, as described in the Drip Fee Schedule.

Drip sponsors blockchain network transaction fees ("gas") for operations performed through the Drip Services, subject to fair use policies, rate limits, and gas caps. Gas fees incurred in connection with settlement are deducted from settlement amounts. Drip reserves the right to impose, modify, or enforce gas caps and rate limits and is not responsible for failed or delayed transactions resulting from the application of such limits or network conditions.

The User's use of third-party services in connection with the Drip Services may result in additional fees charged by third parties, including banks, payment networks, or fiat on-ramp providers such as Coinbase or MoonPay. Such third-party fees are determined solely by the applicable third party, are governed by the third party's terms and conditions, and are not controlled, collected, or retained by Drip. Drip is not responsible for the amount, timing, availability, or refundability of any third-party fees.

Drip reserves the right to modify the Drip Fee Schedule at any time. Any changes to fees will apply prospectively and will be communicated by updating the Drip Fee Schedule or through the Drip Services prior to becoming effective. The User's continued use of the Drip Services after the effective date of a fee change constitutes the User's acceptance of the revised fees.

Fees charged by Drip are exclusive of any applicable taxes, duties, levies, or similar governmental assessments. The User is solely responsible for determining and paying any taxes applicable to the User's use of the Drip Services.

The User agrees to indemnify, defend, and hold harmless Drip, its affiliates, and service providers, and each of their respective officers, directors, agents, joint venturers, employees, and representatives from and against any and all claims, demands, actions, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to (i) the User's breach of these Terms, (ii) the User's use of the Drip Services, (iii) the User's violation of Applicable Law, or (iv) any dispute between the User and any Merchant, End User, or third party.

If the User has a dispute with one or more Users or third parties, the User releases Drip (and its affiliates and service providers, and each of their officers, directors, agents, joint ventures, employees and representatives) from all claims, demands, and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.

These Terms govern the User's access to and use of the Drip Services and constitute the entire agreement between the User and Drip with respect to such use, except as otherwise expressly stated in these Terms.

The User expressly understands and agrees that Drip and our affiliates and service providers, and their respective officers, directors, agents, joint venturers, employees, and representatives will not be liable for any indirect, incidental, special, consequential, or exemplary damages, or damages for loss of profits, including but not limited to damages for loss of goodwill, use, data, or other intangible losses (even if Drip has been advised of the possibility of such damages), whether based on contract, tort, negligence, strict liability, or otherwise, resulting from: (i) the use or the inability to use Drip; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information, or services purchased or obtained or messages received or transactions entered into involving Drip; (iii) unauthorized access to or alteration of the User's transmissions or data; or (iv) any other matter involving Drip.

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations set forth above may not apply to the User. If the User is dissatisfied with Drip, the User's sole and exclusive remedy is to discontinue using Drip.

For purposes of these Terms, the following capitalized terms have the meanings set forth below. Capitalized terms used but not defined elsewhere in these Terms shall have the meanings assigned to them in this Section 20.

Certain Drip Services require End Users to maintain a USDC-denominated security deposit in a self-custodial smart contract wallet (a "Security Deposit"). The Security Deposit functions solely as collateral to support authorized usage-based charges and settlement obligations and is intended to mitigate payment risk arising from timing differences between service usage and on-chain settlement.

Security Deposits are held in self-custodial smart contracts on the Drip Supported Blockchain and are governed exclusively by the applicable smart contract logic. Drip does not custody, hold, or control Security Deposits and does not have unilateral ability to access, withdraw, or transfer Security Deposits, except as executed automatically by smart contracts in response to valid, authorized transactions initiated by Users.

The minimum required Security Deposit is five U.S. dollars (US$5.00), unless otherwise disclosed through the Drip Services. Security Deposits apply only to smart contract wallets used in connection with the Drip Services.

While an active billing session or authorization is in effect, the Security Deposit may be temporarily locked by smart contract logic and unavailable for withdrawal. Locking can prevent removal of funds during periods in which authorized charges may still be incurred or settled. Once applicable settlement obligations are satisfied and any lock conditions expire, the remaining Security Deposit becomes withdrawable by the End User.

The maximum amount subject to Slashing for a given event is the lesser of (i) the outstanding authorized charges and (ii) the full amount of the Security Deposit.

All Slashing is executed automatically by smart contracts, is final and irreversible, and does not require manual approval by Drip. Any amounts forfeited through Slashing are transferred directly to the applicable Merchant as settlement for authorized charges. Drip does not retain, custody, or benefit from any Slashed amounts and does not adjudicate disputes regarding the underlying services or usage.

Drip does not evaluate the accuracy, fairness, or validity of usage measurements, service delivery, or charge calculations between Merchants and End Users. Any dispute regarding underlying services, billing logic, or service quality must be resolved directly between the End User and the Merchant. Slashing does not constitute a determination by Drip regarding fault, breach, or wrongdoing.

The User acknowledges that Security Deposits are not insurance, guarantees, or refunds and may be forfeited in accordance with these Terms. The User is solely responsible for maintaining sufficient balances, monitoring active billing authorizations, and understanding the conditions under which Slashing may occur.

Drip may, but is not obligated to, facilitate discretionary manual refunds or adjustments as a courtesy. Any such refund does not create a right, entitlement, precedent, or obligation and may be denied for any reason.

As part of the Drip Services, End Users may authorize Merchants to initiate usage-based charges through the creation of cryptographic session keys ("Session Keys"). A Session Key is a limited, ephemeral authorization mechanism that permits transactions to be initiated on behalf of a User Wallet only within predefined parameters, which may include a specific Merchant, maximum spending limits, authorized contract functions, rate limits, and a defined authorization period.

Session Keys are designed to enable gasless or automated interactions without requiring disclosure of the User's primary private keys.

Each Session Key is subject to strict constraints enforced through a combination of off-chain validation and on-chain smart contract logic. These constraints may include, without limitation a defined start and expiration time, cumulative and per-transaction spending limits, restrictions on permitted recipients, contracts, or function calls, and replay protection and rate limiting.

Once a Session Key expires or is revoked, it may no longer be used to initiate new charges. Revocation or expiration does not affect charges that were validly authorized and executed prior to becoming effective.

The User is solely responsible for understanding the scope, duration, and limitations of any Session Key the User authorizes, as well as for safeguarding any session credentials provided to the User. Session Keys are returned to the User only once at creation and are not stored or recoverable by Drip. Loss or compromise of a Session Key may result in authorized charges being executed within the permitted limits.

Drip does not review, approve, or supervise individual transactions initiated pursuant to a valid Session Key and does not evaluate the underlying services, usage calculations, or charge legitimacy between Merchants and End Users. Transactions executed within the parameters of an active Session Key are treated as authorized by the User.

The User acknowledges and agrees that Settlement, Security Deposit forfeiture, and related enforcement actions under the Drip Services are executed automatically based on objective, on-chain conditions and predefined smart contract logic. Such actions do not involve human review, discretionary judgment, arbitration, mediation, or adjudication by Drip and are not subject to appeal once executed on-chain.

Any dispute regarding underlying services, usage calculations, pricing, or service quality exists solely between the Merchant and the End User. Drip is not a party to such disputes and does not act as an arbitrator, escrow agent, or dispute resolver. All on-chain transactions, including those executed pursuant to valid Session Keys or resulting in Security Deposit forfeiture, are final and irreversible.

To the fullest extent permitted by Applicable Law, the User agrees that any claim, dispute, or proceeding arising out of or relating to these Terms or the Drip Services must be brought solely in the User's individual capacity and not as a plaintiff or class member in any purported class, collective, representative, private attorney general, or consolidated action.

Nothing in this Class Action Waiver is intended to waive or limit any rights that cannot be waived under Applicable Law, including claims that must be brought on a representative basis where such waiver is prohibited by law. In such circumstances, those claims shall proceed only to the extent required by law, and all other claims shall proceed on an individual, non-class basis.

If a court of competent jurisdiction determines that this Class Action Waiver is unenforceable as to a particular claim, then that claim may proceed only on an individual basis, and the remainder of this Class Action Waiver shall remain in full force and effect.

These Terms and any dispute, claim, or controversy arising out of or relating to the Drip Services or these Terms shall be governed by and construed in accordance with the laws of the State of California, without regard to its conflict-of-laws principles.

Subject to the Class Action Waiver set forth in these Terms, the User agrees that any legal action or proceeding arising out of or relating to these Terms or the Drip Services shall be brought exclusively in the state or federal courts located in the State of California, and the User consents to the personal jurisdiction and venue of such courts.

Nothing in these Terms creates or is intended to create any partnership, joint venture, fiduciary, agency, trust, or employment relationship between the User and Drip. Drip does not act as an agent, intermediary, broker, custodian, or fiduciary for any Merchant or End User, and Drip does not assume any responsibility for the acts or omissions of Merchants or End Users.

Drip does not guarantee that the Drip Services will be available at any particular time, will operate without interruption, or will be error-free. Drip may modify, suspend, or discontinue any aspect of the Drip Services at any time, in whole or in part, without liability, to the extent permitted by Applicable Law.

Merchants are solely responsible for the goods or services they provide to End Users, including pricing, descriptions, quality, fulfillment, delivery, customer support, refunds, charge adjustments, and compliance with Applicable Law. Drip does not endorse, verify, or guarantee any Merchant, Merchant offering, or Merchant conduct, and is not responsible for disputes between Merchants and End Users.

The provisions of these Terms that by their nature should survive termination shall survive, including, without limitation, provisions relating to fees, security deposits and slashing, dispute resolution, class action waiver, limitation of liability, governing law, and indemnification.