Shakepay Legal

Shakepay Earn Terms of Use

Shakepay Earn is a product that allows you to earn certain rewards based on the Canadian Dollar balance of your Shakepay Account.
These terms (the “Earn ToU”) apply in addition 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 Earn ToU 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 Earn ToU and the Terms of Use, this Earn ToU will prevail.

1. Your Account

To be eligible to use Shakepay Earn, you must:
  1. 1.
    meet all eligibility criteria set out in Shakepay’s Terms of Use; and
  2. 2.
    have completed and fulfill any additional administrative requirement determined by Shakepay.

2. Your rewards

Rewards are a fixed rate that is calculated daily based on the lowest Canadian dollar balance of your Shakepay Account (the “Rewards”), for a minimum of $1 and up to $1000. Any funds over $1000 or below $1 will not contribute to your Rewards. Rewards will be calculated upon activation of Shakepay Earn if your dollar Account balance is over $1, or otherwise 24 hours after receipt of at least $1 dollar in your Account. No 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 credited directly into the bitcoin balance of your Account.
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. Like other incentive programs, Shakepay Earn may be paused or stopped at any time by Shakepay.
Shakepay Earn is a discretionary program offered as a bonus to customers. The rate at which Rewards are paid may be changed by Shakepay at any time, and it may do so without any advance notice. Shakepay may even decide to end the Rewards program entirely, and it may do this also without providing you with notice or compensation.

3. Acknowledgments

You acknowledge that you are using the Account as a point of access to any of the Services offered by Shakepay and not for any other purpose. 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. The Canadian dollar amounts will not, at any time, be transferred, lent, or otherwise accessed by Shakepay or any 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 Shakepay Earn at any time by reaching out to our Customer support team. You can stop earning Rewards at any time by making purchases sufficient to deplete your balance, or by transferring your funds elsewhere.

5. Disclaimers

Shakepay Earn is provided “as is”. Other than as expressly stated herein, Shakepay makes no representations or warranties regarding Shakepay Earn, including any representation that services will be uninterrupted or error-free. To the fullest extent permitted under applicable law, Shakepay disclaims any implied warranty of title, non-infringement, merchantability or fitness for a particular purpose. In no event shall Shakepay be liable for any damage whatsoever arising out of the use or inability to use Shakepay Earn, even if Shakepay has been advised of the possibility of such damages.
Last update: October 1, 2022