Website https://rewards.payitnow.io/

Operator Pay It Now

Version 1.0

Effective date 8th June 2026

Important Notice

PIN Network Rewards is a discretionary customer rewards programme operated by Pay It Now.

The Programme is designed to recognise eligible customer activity and eligible balances on the Pay It Now platform. The Programme is intended to operate as a discretionary customer rewards programme. It is not intended to be a financial product, deposit, savings account, managed investment scheme, unit trust, debt security, equity security, derivative, custodial investment service, or offer of financial products.

Participation does not give you any ownership interest, beneficial interest, unit, security, claim over Pay It Now revenue, claim over Pay It Now fees, claim over Pay It Now profits, or interest in any fund or pooled arrangement.

Rewards are not guaranteed. Rewards only become payable if and when they are credited to your account. Pay It Now may change, pause, suspend, reduce, cancel, or end the Programme in accordance with these Terms.

You should read these Terms carefully before using the Programme.

1. Definitions

1.1 Account means your customer account with Pay It Now.

1.2 Applicable Law means all laws, regulations, rules, codes, guidance, regulatory expectations, sanctions requirements, anti money laundering requirements, counter terrorism financing requirements, privacy requirements, tax requirements, and consumer protection requirements that apply to Pay It Now, the Programme, or you.

1.3 Available Balance means assets or balances shown as available in your Account, subject to settlement, operational controls, compliance review, technical availability, and these Terms.

1.4 Eligible Balance means the portion of your Available Balance that Pay It Now determines is eligible to be considered for Programme purposes.

1.5 Eligible Customer means a customer who satisfies the Programme eligibility requirements determined by Pay It Now.

1.6 Programme means PIN Network Rewards.

1.7 Programme Activity means Pay It Now's internal measure of eligible platform activity used to help assess whether discretionary customer rewards may be made available.

1.8 Programme Rules means the rules, criteria, procedures, limits, controls, notices, disclosures, dashboard wording, policies, and operational settings published or applied by Pay It Now in connection with the Programme.

1.9 Reward means a discretionary customer reward that Pay It Now may choose to credit to an Eligible Customer under the Programme.

1.10 Supported Asset means an asset that Pay It Now supports on the platform from time to time.

1.11 We, us, and our mean Pay It Now.

1.12 You and your mean the customer using or participating in the Programme.

2. Nature of the Programme

2.1 PIN Network Rewards is a customer rewards programme.

2.2 The Programme is not an offer to acquire a financial product.

2.3 The Programme is not a scheme where customers contribute money or assets to be managed by Pay It Now for the purpose of producing financial benefits for customers.

2.4 The Programme does not create any customer interest in Pay It Now property, Pay It Now revenue, Pay It Now fees, Pay It Now profits, Pay It Now reserves, Pay It Now business assets, or any segregated or pooled arrangement.

2.5 The Programme does not create any unit, share, security, entitlement, debt, deposit, trust interest, beneficial interest, or proprietary right.

2.6 Eligible Balances are used only as one possible measurement factor for Programme eligibility and Reward calculations.

2.7 Eligible Balances remain subject to the ordinary platform terms that apply to your Account and Supported Assets.

2.8 Nothing in these Terms requires you to deposit, lock, transfer, pledge, subscribe, or contribute assets for the purpose of participating in a managed scheme.

2.9 The Programme does not create scheme property, customer contributed scheme property, or any pooled property managed by Pay It Now for customers.

3. Eligibility

3.1 To access the Programme, you must:

a. have an active Account;

b. be at least 18 years old;

c. satisfy Pay It Now's identity verification requirements;

d. satisfy Pay It Now's anti money laundering and counter terrorism financing requirements;

e. satisfy sanctions screening and compliance checks;

f. satisfy any jurisdictional requirements;

g. comply with these Terms and the Programme Rules; and

h. not be restricted, suspended, or prohibited from using the platform.

3.2 Pay It Now may refuse access to the Programme for any reason related to compliance, risk, security, jurisdiction, operational capacity, or legal obligations.

3.3 Pay It Now may require further information from you at any time.

3.4 Pay It Now may determine that some customers, accounts, balances, transactions, assets, jurisdictions, or activity types are not eligible.

4. Eligible Balances

4.1 Pay It Now may display an Eligible Balance on the Programme dashboard.

4.2 An Eligible Balance is an indicative figure used for Programme administration only.

4.3 An Eligible Balance does not mean that a Reward has been earned.

4.4 An Eligible Balance does not create any entitlement to receive a Reward.

4.5 An Eligible Balance does not represent a contribution into any scheme, fund, pool, trust, reserve, or managed arrangement.

4.6 Pay It Now may determine, adjust, exclude, or correct Eligible Balances at any time for operational, compliance, pricing, accounting, reconciliation, fraud prevention, risk, or technical reasons.

4.7 Pay It Now may set minimum and maximum Eligible Balance limits.

4.8 Pay It Now may exclude assets, balances, accounts, or transactions from Programme calculations.

4.9 Participation in the Programme does not require you to transfer assets into a separate rewards pool, fund, trust, scheme, or managed arrangement. Eligible Balances remain balances in your Account and are used only as a measurement input for determining possible discretionary Rewards.

5. Rewards

5.1 Rewards are discretionary.

5.2 Rewards are not guaranteed.

5.3 Rewards only become payable if and when credited to your Account.

5.4 No Reward is earned, accrued, vested, payable, or owed before it is credited.

5.5 Pay It Now may determine the amount, timing, frequency, form, asset type, and availability of any Reward.

5.6 Pay It Now may decide that no Reward is payable for any period.

5.7 Pay It Now may reduce, cancel, reverse, suspend, or withhold a Reward where it reasonably considers this necessary or appropriate.

5.8 Pay It Now may correct any error in a Reward calculation or credit.

5.9 Pay It Now may apply different Reward settings to different customer categories, jurisdictions, assets, risk profiles, account types, or activity types.

5.10 Rewards may be subject to rounding, minimum thresholds, operational limits, and technical constraints.

5.11 Rewards are not wages, interest, dividends, distributions, rebates, compensation, damages, or consideration for services.

5.12 Rewards are not payable because Pay It Now earns revenue or completes transactions.

5.13 Rewards are not calculated by reference to any customer ownership interest in Pay It Now or any Pay It Now business line.

6. Programme Activity

6.1 Pay It Now may display Programme Activity on the dashboard.

6.2 Programme Activity is an internal programme metric.

6.3 Programme Activity does not represent customer property.

6.4 Programme Activity does not represent a fund, pool, reserve, trust, account, or customer entitlement.

6.5 Programme Activity does not give customers any claim over any amount displayed.

6.6 Programme Activity may be calculated, adjusted, corrected, or removed at any time.

6.7 Pay It Now is not required to maintain any minimum Programme Activity amount.

7. Reward Calculations

7.1 Pay It Now may use one or more factors to assess Rewards, including:

a. Eligible Balance;

b. Supported Asset type;

c. account status;

d. customer eligibility;

e. jurisdiction;

f. risk rating;

g. compliance status;

h. platform availability;

i. Programme Activity;

j. operational capacity;

k. fraud controls;

l. system integrity; and

m. any other factor Pay It Now considers relevant.

7.2 Reward calculations are performed by Pay It Now for Programme administration purposes only.

7.3 Reward calculations do not create any legal or equitable interest in Pay It Now property.

7.4 Pay It Now may change calculation methods at any time.

7.5 Pay It Now may choose not to publish the full calculation method where doing so may affect security, fraud prevention, commercial confidentiality, compliance controls, or system integrity.

7.6 Any Reward rate, weighting, estimate, example, dashboard figure, or projected figure is indicative only.

7.7 Indicative figures are not promises, guarantees, forecasts, or commitments.

7.8 Pay It Now may use indicative dashboard measures to explain how Rewards may be assessed, but no published figure, percentage, weighting, example, or dashboard amount creates a fixed entitlement to Rewards or a fixed share of Pay It Now activity.

8. No Customer Contribution Into a Scheme

8.1 You do not contribute money or assets to Pay It Now for the purpose of generating a financial benefit under the Programme.

8.2 Your Account balance is not treated as scheme property.

8.3 Your Account balance is not pooled with other customer balances for the purpose of generating Rewards.

8.4 Pay It Now does not manage customer contributed property under the Programme.

8.5 Pay It Now does not issue interests in the Programme.

8.6 Pay It Now does not accept subscriptions for interests in the Programme.

8.7 Pay It Now does not operate the Programme as a collective investment, managed investment scheme, superannuation scheme, workplace savings scheme, unit trust, or similar arrangement.

9. No Rights Over Pay It Now Revenue or Assets

9.1 You do not receive any right to Pay It Now revenue.

9.2 You do not receive any right to Pay It Now fees.

9.3 You do not receive any right to Pay It Now profits.

9.4 You do not receive any right to Pay It Now reserves.

9.5 You do not receive any right to Pay It Now bank accounts, crypto asset accounts, treasury assets, operational balances, business assets, or intellectual property.

9.6 Pay It Now may fund Rewards from its own resources as it determines.

9.7 Pay It Now is not required to segregate, reserve, hold, or allocate any amount for customer Rewards before a Reward is credited.

10. Account Use and Platform Terms

10.1 Your Account remains subject to the Pay It Now platform terms, privacy policy, acceptable use rules, and any other policies that apply.

10.2 If there is any inconsistency between these Terms and the main platform terms, Pay It Now may determine how the documents apply, except where Applicable Law requires otherwise.

10.3 You must use the platform lawfully and in good faith.

10.4 You must not attempt to manipulate, exploit, automate, abuse, reverse engineer, or circumvent the Programme.

10.5 You must not create multiple accounts or engage in artificial activity to obtain Rewards.

10.6 You must not use the Programme for fraud, money laundering, sanctions evasion, market abuse, tax evasion, cybercrime, or any unlawful purpose.

11. Supported Assets

11.1 Pay It Now may determine which assets are Supported Assets for Programme purposes.

11.2 Pay It Now may add, remove, suspend, limit, or reclassify Supported Assets at any time.

11.3 Pay It Now may apply different eligibility treatment to different Supported Assets.

11.4 The display of an asset on the platform does not mean that the asset is eligible for Rewards.

11.5 Pay It Now may treat stablecoins, digital assets, and other asset types differently for compliance, technical, market, or operational reasons.

12. Compliance and Monitoring

12.1 Pay It Now may monitor Accounts, balances, transactions, blockchain addresses, device information, identity information, and activity patterns for compliance, risk, security, fraud prevention, and legal purposes.

12.2 Pay It Now may use internal systems and third party providers for identity verification, sanctions screening, transaction monitoring, blockchain analytics, wallet screening, fraud prevention, and travel rule compliance.

12.3 Pay It Now may request additional information about you, your Account, your source of funds, your source of wealth, your activity, your wallet ownership, your transaction purpose, or your counterparties.

12.4 Pay It Now may delay, restrict, suspend, decline, reverse, or report activity where required or permitted by Applicable Law or risk controls.

12.5 Pay It Now may suspend or cancel Programme access if you do not provide requested information.

12.6 Pay It Now may report suspicious or prescribed activity to relevant authorities.

13. Holds, Restrictions, and Suspensions

13.1 Pay It Now may place a hold on your Account, Programme access, Eligible Balance, or Reward where it considers this necessary or appropriate.

13.2 Reasons may include:

a. identity verification;

b. sanctions screening;

c. anti money laundering review;

d. counter terrorism financing review;

e. fraud prevention;

f. cyber security;

g. account security;

h. suspected misuse;

i. legal process;

j. regulatory request;

k. technical issue;

l. reconciliation issue;

m. pricing issue;

n. system maintenance; or

o. breach of these Terms.

13.3 Pay It Now is not liable for any loss arising from a hold, restriction, suspension, delay, or cancellation applied in good faith.

14. Errors and Corrections

14.1 Pay It Now may correct any error, omission, miscalculation, duplicate credit, incorrect display, system defect, pricing issue, or operational mistake.

14.2 Pay It Now may reverse or adjust Rewards credited in error.

14.3 Pay It Now may set off amounts owed to Pay It Now against Rewards or balances where permitted by Applicable Law and platform terms.

14.4 You must notify Pay It Now promptly if you become aware of any error.

14.5 You must not knowingly retain or use any Reward credited in error.

15. Changes to the Programme

15.1 Pay It Now may change the Programme at any time.

15.2 Changes may include:

a. eligibility rules;

b. Supported Assets;

c. Eligible Balance rules;

d. Reward calculation factors;

e. Reward frequency;

f. Reward form;

g. Reward availability;

h. customer categories;

i. jurisdictional settings;

j. risk controls;

k. limits;

l. dashboard wording;

m. disclosures; and

n. these Terms.

15.3 Pay It Now may make changes immediately where required for compliance, legal, risk, security, technical, fraud prevention, or operational reasons.

15.4 Pay It Now may notify customers of material changes by website notice, dashboard notice, email, account message, or other reasonable method.

15.5 Continued use of the Programme after a change means you accept the updated Terms.

16. Programme Pause or End

16.1 Pay It Now may pause, suspend, restrict, or end the Programme at any time.

16.2 Pay It Now may do so for any legal, regulatory, commercial, operational, compliance, security, technical, risk, fraud prevention, or business reason.

16.3 If the Programme is paused or ended, no further Rewards will be payable unless Pay It Now decides otherwise.

16.4 Pay It Now is not required to make substitute payments, compensation, or transitional payments if the Programme is paused, restricted, or ended.

17. Customer Responsibilities

17.1 You are responsible for:

a. keeping your Account secure;

b. keeping your contact details current;

c. reviewing dashboard information;

d. reading Programme disclosures;

e. complying with Applicable Law;

f. understanding your own tax position;

g. seeking your own advice where required;

h. providing accurate information;

i. reporting errors promptly; and

j. using the platform lawfully.

17.2 You are responsible for any tax consequences arising from receiving Rewards.

17.3 Pay It Now does not provide tax, legal, accounting, financial, or personal advice.

18. Risk Disclosures

18.1 Rewards are discretionary and may not be credited.

18.2 Dashboard figures may be indicative only.

18.3 Digital asset values may be volatile.

18.4 Stablecoins may lose their intended value relationship with fiat currency.

18.5 Blockchain transactions may be delayed, irreversible, or affected by network conditions.

18.6 Platform services may be interrupted by maintenance, outages, cyber incidents, third party failures, regulatory requirements, or force majeure events.

18.7 Compliance reviews may delay or restrict access.

18.8 Legal and regulatory changes may affect the Programme.

18.9 Tax treatment may vary between customers and jurisdictions.

18.10 You should not rely on receiving Rewards.

19. Communications and Dashboard Wording

19.1 Pay It Now may provide information through the website, dashboard, email, notices, support channels, and Programme disclosures.

19.2 Dashboard information is provided for convenience and may be delayed, indicative, estimated, rounded, or subject to correction.

19.3 The words eligible, available, weighting, activity, reward, programme, and similar words do not create any legal entitlement unless a Reward has been credited to your Account.

19.4 Website and dashboard wording must be read together with these Terms.

19.5 If any dashboard, email, support message, promotional material, or platform wording appears inconsistent with these Terms, these Terms apply to the maximum extent permitted by Applicable Law.

20. Privacy and Data

20.1 Pay It Now collects, uses, stores, and shares personal information in accordance with its Privacy Policy.

20.2 Personal information may be used for identity verification, compliance, fraud prevention, sanctions screening, transaction monitoring, customer support, Programme administration, tax reporting, legal compliance, and platform security.

20.3 Pay It Now may share information with service providers, banks, payment providers, blockchain analytics providers, identity providers, compliance providers, regulators, law enforcement agencies, professional advisers, and business partners where permitted or required.

20.4 You must ensure that all information you provide is accurate and current.

21. Intellectual Property

21.1 Pay It Now owns or licenses all intellectual property in the Programme, website, dashboard, systems, software, names, branding, content, data, and documentation.

21.2 You must not copy, reproduce, modify, distribute, scrape, reverse engineer, or misuse Pay It Now intellectual property.

22. Limitation of Liability

22.1 Nothing in these Terms limits any rights you have under Applicable Law that cannot be excluded.

22.2 To the maximum extent permitted by Applicable Law, Pay It Now is not liable for:

a. indirect loss;

b. consequential loss;

c. loss of opportunity;

d. loss of expected Rewards;

e. loss arising from failure to receive Rewards;

f. loss arising from dashboard errors;

g. loss caused by third party services;

h. loss caused by blockchain networks;

i. loss caused by compliance holds;

j. loss caused by cyber incidents despite reasonable controls; or

k. loss caused by events outside Pay It Now's reasonable control.

22.3 Pay It Now's liability is limited to the maximum extent permitted by Applicable Law.

23. Indemnity

23.1 You indemnify Pay It Now against loss, cost, claim, liability, damage, expense, and regulatory action arising from:

a. your breach of these Terms;

b. your unlawful use of the platform;

c. your misuse of the Programme;

d. information you provide that is false, misleading, incomplete, or outdated;

e. your breach of Applicable Law;

f. your tax obligations;

g. your fraud, negligence, or wilful misconduct; or

h. your attempt to manipulate the Programme.

24. Complaints

24.1 You may contact Pay It Now about any complaint at: Email: [email protected]

24.2 Please include your name, Account details, issue description, relevant dates, and supporting information.

24.3 Pay It Now will handle complaints in accordance with its complaints process and Applicable Law.

24.4 External dispute resolution may be available where required by Applicable Law.

25. Notices

25.1 Pay It Now may give notices by email, website notice, dashboard notice, in account message, or any other reasonable method.

25.2 You are responsible for keeping your contact details current.

25.3 Notices are treated as received when sent or published, unless Applicable Law requires otherwise.

26. Assignment

26.1 You must not assign or transfer your rights or obligations under these Terms without Pay It Now's prior written consent.

26.2 Pay It Now may assign, transfer, subcontract, or novate its rights and obligations where permitted by Applicable Law.

27. Severability

27.1 If any part of these Terms is invalid, unlawful, or unenforceable, that part will be read down or severed to the extent required.

27.2 The remaining parts continue to apply.

28. No Waiver

28.1 A failure or delay by Pay It Now to enforce any right does not waive that right.

28.2 A waiver must be in writing.

29. Governing Law

29.1 These Terms are governed by the laws of New Zealand, unless Pay It Now specifies another governing law in writing for a particular jurisdiction.

29.2 The courts of New Zealand have jurisdiction, subject to any mandatory rights you have under Applicable Law.

30. Contact

30.1 Pay It Now

30.2 Website: https://rewards.payitnow.io/

30.3 Support: [email protected]

Legal review note: This draft is structured to support the position that PIN Network Rewards is a discretionary customer rewards programme and not a managed investment scheme. This position depends on the actual platform operation matching these Terms. In particular, the platform must not operate as staking, APY, yield, passive income, profit sharing, pooled rewards, investment return, or a customer entitlement to Pay It Now revenue, fees, profits, reserves, or scheme property.