Shakepay Earn Pilot Terms
Shakepay Earn is a product we are temporarily piloting that is meant to allow selected customers to earn certain rewards based on the Canadian dollar balance of their Shakepay Account (the “Pilot”).
These terms (the “Pilot Terms”) are a supplement to the Terms of Use and define the specific additional terms and conditions under which we enable you to access and use Shakepay Earn. Capitalized terms used but not defined in these Pilot Terms will have the meaning assigned to them in the Terms of Use. Unless expressly stated otherwise below, in the event of any inconsistency or conflict between the Pilot Terms and the Terms of Use, the Pilot Terms will prevail. By accessing and/or using Shakepay Earn, you acknowledge that you have read, understood, and accepted all terms and conditions contained herein.

1. Your Account

To be eligible to participate to the Pilot, you must:
  1. 1.
    meet all eligibility criteria set out in Shakepay’s Terms of Use (section 5); and
  2. 2.
    have successfully completed our Know-Your-Customer verification process; and
  3. 3.
    have completed and fulfill any additional administrative requirement determined by Shakepay.

2. Your Rewards

Rewards are a fixed annual percentage rate that is calculated daily based on the lowest Canadian dollar balance of your Shakepay Account (the “Rewards”), for a minimum of one dollar ($1.00 CAD) and up to one thousand dollars ($1,000.00 CAD). Any funds over $1,000.00 CAD or below $1.00 CAD will not contribute to your Rewards. Rewards will be calculated upon activation of Shakepay Earn if your Canadian dollar Account balance is over $1.00 CAD, or otherwise twenty-four (24) hours after receipt of Canadian dollars in your Account. No Canadian dollars are deemed received by us until we confirm such receipt by updating your Account balance.
Reward amounts will be denominated in bitcoins and will be settled directly into the bitcoin balance of your Account. We reserve the right to modify the Rewards annual percentage rate or denomination under the Pilot for any reason, for all or certain customers, at Shakepay’s sole and absolute discretion.
Rewards are paid by us solely based on your Canadian dollar balance; your funds will not be pledged, repledged, hypothecated, rehypothecated, sold, lent, or otherwise transferred or used in any way.

3. Acknowledgments

You acknowledge and agree that we have not given, and will not give, any advice or provide recommendations regarding the purchase or sale of any assets, and that we cannot and do not assess your overall financial situation, investment needs or objectives or your ability to hold, own, purchase or sell any assets. You are solely responsible for your decisions, any profits or losses, and any tax consequences that may result.
You acknowledge and agree that the Canadian dollar amounts in your Account do not constitute deposits under applicable law and are not subject to Canada Deposit Insurance Corporation, Federal Deposit Insurance Corporation, or any other similar protections offered by any other entity. Your Canadian dollars are held in a separate account designated as “in-trust” for Shakepay customers with Alberta Treasury Branches (“ATB Financial”). ATB Financial is a financial institution and Crown Corporation wholly owned by the Province of Alberta. The Canadian dollar amounts will not, at any time, be transferred, lent, or otherwise accessed by any other third-party, and will not be used for any purpose other than providing you with our Services.

4. Termination

You can stop your participation in the Pilot at any time by reaching out to our Customer support team.
Shakepay may modify, suspend or cancel this Pilot or your participation at its sole discretion and without prior notice. You acknowledge and agree that your participation in this Pilot does not grant you any right to participate in any future iteration of Shakepay Earn, which may have different eligibility criteria, rewards, terms, and conditions.

5. Disclaimers

SHAKEPAY EARN IS PROVIDED “AS IS”. SHAKEPAY MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE PILOT, INCLUDING ANY REPRESENTATION THAT THE SERVICES THEREUNDER WILL BE UNINTERRUPTED OR ERROR-FREE. TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, SHAKEPAY DISCLAIMS ANY IMPLIED OR STATUTORY WARRANTY, INCLUDING ANY IMPLIED WARRANTY OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE IN RESPECT OF THE TRIAL.
FOR THE AVOIDANCE OF DOUBT, THE PILOT IS PRELEASE, IS EXPECTED TO CONTAIN DEFECTS WHICH MAY BE MATERIAL, AND IS NOT EXPECTED TO OPERATE AT THE LEVEL OF PERFORMANCE OR COMPATIBILITY OF A FINAL, GENERALLY AVAILABLE PRODUCT OFFERING. SHAKEPAY EARN MAY NOT OPERATE ACCURATELY AND MAY BE SUBSTANTIALLY MODIFIED PRIOR TO PUBLIC AVAILABILITY OR WITHDRAWN AT ANY TIME. ACCORDINGLY, ACCESS TO AND USE OF SHAKEPAY EARN IS ENTIRELY AT YOUR OWN RISK. IN NO EVENT SHALL SHAKEPAY BE LIABLE FOR ANY DAMAGE WHATSOEVER ARISING OUT OF THE USE OF OR INABILITY TO USE SHAKEPAY EARN, EVEN IF SHAKEPAY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. YOU ARE ADVISED TO SAFEGUARD IMPORTANT DATA, TO USE CAUTION AND NOT TO RELY IN ANY WAY ON THE CORRECT FUNCTIONING OR PERFORMANCE OF THE PILOT.
Publication date: July 13, 2022 (v.1.0.071322)