Terms of Service

1.1 What Is Quibit Suite

Quibit Suite is an all-in-one business operating system designed for SME owners in Myanmar and the Myanmar diaspora. It includes:

1.2 Eligibility

You must be 18 years of age or older to create a business account

You must have legal authority to operate the business you register

You must provide accurate and truthful business registration information

You agree that your business complies with applicable local laws and regulations

Businesses involved in illegal activities, prohibited goods, or sanctioned industries are not eligible

2.1 Business Owner Obligations

Maintaining the security of your login credentials

All actions taken by team members you invite and grant access to

Ensuring your business complies with applicable tax, labor, and commercial laws

Accuracy of business information, pricing, and product descriptions on your public page

Obtaining appropriate consent from customers for any data you collect through Suite

Compliance with Myanmar payment regulations when using integrated payment gateways

2.2 Team Member Obligations

Using business access only for authorized business purposes

Not accessing business data outside of your assigned role

Reporting suspicious activity or unauthorized access to your employer

Keeping your credentials confidential

Not sharing your login access with others

2.3 Prohibited Uses

You may NOT use Quibit Suite to:

Process transactions for illegal goods or services

Engage in money laundering or financial fraud

Collect customer data without proper disclosure

Misrepresent your business, products, or services to customers

Use another business's page or impersonate another business

Attempt to reverse-engineer, scrape, or extract platform data beyond your own business records

Use the POS to process personal transactions unrelated to your registered business

Resell or sublicense access to Quibit Suite

3.1 Payment Gateway Integration

You must maintain an active account with your chosen payment gateway provider

Quibit, Inc. does not hold, move, or settle funds on your behalf

Transaction fees are charged by the payment gateway — not Quibit Suite

Refunds are processed through the original payment gateway

Disputed payments are resolved directly between you and the payment gateway provider

3.2 Transaction Records

All POS transactions are logged and retained for 7 years per legal requirements

Voided and refunded transactions remain in audit logs and cannot be deleted by staff

Only business owners and admins can void or refund transactions

Transaction records are your responsibility for tax reporting purposes

3.3 Cash Transactions

Cash sales logged in Quibit Suite POS are your internal records only

Quibit, Inc. is not responsible for cash handling discrepancies

We recommend regular cash reconciliation against POS summaries

4.1 You Own Your Business Data

All business records (transactions, inventory, invoices, customer lists) belong to you

Quibit, Inc. does not claim ownership of your business data

You can export all your data at any time

Closing your account does not forfeit your right to receive a data export first

4.2 Platform Data

Quibit Suite's software, features, design, and infrastructure are owned by Quibit, Inc.

Aggregated, anonymized platform usage statistics are owned by Quibit, Inc.

You may not copy, reverse-engineer, or reproduce platform functionality

4.3 Your Responsibility for Customer Data

When you collect customer information (names, contacts, purchase history) through your Quibit Suite page, you are the data controller:

You must have a lawful basis for collecting and storing customer data

You must provide customers with appropriate privacy notice

You are responsible for handling customer data requests (access, deletion, correction)

Quibit, Inc. processes customer data only on your instructions as a data processor

5.1 Page Activation & Approval

New business pages require approval from Quibit admin team before going live

Approval typically takes 1–3 business days

We may request additional verification for certain business categories

Approved pages may be suspended if they violate these Terms

5.2 Content Standards

All content on your public page must be accurate and not misleading

Product descriptions, pricing, and availability must be kept up to date

Prohibited content: adult content, violent imagery, counterfeit goods, illegal services

You are solely responsible for content your business publishes

Quibit, Inc. reserves the right to remove content that violates our policies

5.3 Branch Pages

Multi-location businesses may create branch pages linked to a main page

Each branch automatically receives its own communication channels

Branch-level managers may be assigned limited control over their branch page

The main business owner retains ultimate control over all branches

6.1 Inviting Staff

You may only invite real individuals who have consented to join your business platform

You must inform staff that their business activity on Suite is monitored by you as their employer

You must assign appropriate roles — over-privileged access is your responsibility

Invitations expire after 7 days if not accepted

6.2 Task & Delegation System

Tasks assigned to staff are immutable once marked completed by the assignee

Managers review and approve completed tasks

Errors in completed tasks are corrected via new redo assignments — not by modifying past records

Task history is retained permanently as part of the business audit trail

6.3 Removing Staff

Removed staff immediately lose access to all business data

Their records remain in your business history for accountability

We recommend revoking access promptly when employment ends

7.1 Available Plans

7.2 Billing & Payment

Subscriptions are billed monthly or annually depending on your selected plan

All prices are in USD unless otherwise stated

Quibit Suite subscriptions are paid via KBZPay, Wave, AYA Pay, or CB Pay

Failed payments result in a 7-day grace period, then account downgrade

Refunds are not issued for partial months or unused features

7.3 Cancellation

You may cancel your subscription at any time from Settings > Billing

Cancellation takes effect at the end of the current billing period

Your data is retained for 90 days after cancellation — export before that window closes

Downgrading to Free Plan is available as an alternative to cancellation

8.1 Platform Ownership

Quibit Suite's software, design, features, and branding are owned by Quibit, Inc.

You may not copy, modify, or create derivative works from the platform

The name 'Quibit Suite,' logos, and visual design are registered trademarks of Quibit, Inc.

8.2 Your Business Content

You retain full ownership of content you create on your business page:

Product photos, descriptions, and media

Business logo and branding materials

Invoice templates and custom documents

By uploading content, you grant Quibit, Inc. a limited license to store, display, and deliver that content as part of operating the platform

9.1 Termination by You

You may close your business account at any time from Settings

Export your data before closing — we retain it for 90 days post-closure

Active subscriptions should be cancelled before account closure to avoid further charges

9.2 Termination by Quibit, Inc.

Violation of these Terms of Service

Engagement in fraud, money laundering, or illegal activity

Repeated violations of content or payment policies

Non-payment of subscription fees beyond the grace period

Providing false business registration information

9.3 Effect of Termination

Immediate loss of access to all business features

Public business page taken offline

Team members lose access automatically

Data retained for 90 days then permanently deleted

Financial records retained per legal requirements (7 years)

10.1 Service Disclaimers

We do not guarantee uninterrupted or error-free service

We are not responsible for payment gateway downtime or failures

Financial reports in Suite are for your reference — they do not constitute professional accounting or tax advice

POS functionality relies on internet connectivity — offline mode limitations apply

We are not liable for business losses arising from data entry errors, incorrect pricing, or staff misuse

10.2 Limitation of Liability

To the maximum extent permitted by law, Quibit, Inc.'s total liability to you for any claim arising from your use of Quibit Suite is limited to the amount you paid us in the 3 months preceding the claim.

We are not liable for indirect, incidental, or consequential damages

We are not liable for lost profits, lost revenue, or lost business data

We are not liable for third-party payment gateway failures

11.1 Dispute Resolution

We encourage resolving disputes informally first — contact us at [email protected]

If informal resolution fails, disputes will be submitted to binding arbitration

Arbitration will be conducted in Seoul, South Korea or via video hearing

Class action lawsuits and jury trials are waived to the extent permitted by law

Small claims court remains available for qualifying disputes

12.1 How We Notify You

Email to your registered business email address

In-app notification in Quibit Suite

At least 30 days' notice for material changes

Continued use after the effective date constitutes acceptance

13.1 Registered Address

Quibit, Inc.

Attn: Legal Department — Quibit Suite

Seoul, South Korea