Merchant Terms And Conditions

Merchant Terms and Conditions

JMD Investment & Commodities Trading (JMDICT)

Last updated: 23 January 2026


1. Introduction

These Merchant Terms and Conditions (“Terms”) govern the use of payment processing and transaction services provided by JMD Investment & Commodities Trading (JMDICT) (“JMDICT,” “we,” “our,” or “us”). By engaging in any transaction with JMDICT, the merchant, client, or counterparty (“Client”) agrees to be bound by these Terms.



JMDICT operates under an issuer-authorized, bank-led transaction framework and does not function as a conventional retail merchant or consumer eCommerce platform.


2. Nature of Transactions

All transactions facilitated by JMDICT are:

  • Institutional, project-based, or commercially originated
  • Pre-authorized by the issuing bank
  • Executed using network-compliant, tokenized payment mechanisms
  • Subject to applicable banking, card network, and regulatory requirements

JMDICT does not extend credit, provide consumer financing, or assume underwriting risk.


3. Authorization & Processing

  • All transactions are subject to issuer authorization at the time of execution.
  • Authorization decisions are made by the issuing bank, not by JMDICT.
  • JMDICT may utilize Dynamic Authorization Codes (DAC), tokenized Card-Not-Present (CNP) mechanisms, and other bank-approved controls.
  • A transaction is considered complete only upon successful issuer authorization and settlement.


4. Role of JMDICT

JMDICT acts solely as:

  • A technical processing and settlement facilitator
  • A compliant routing endpoint within standard payment networks

JMDICT does not:

  • Guarantee transaction approval
  • Override issuer decisions
  • Assume chargeback liability beyond applicable network rules
  • Act as a fiduciary, escrow agent, or custodian unless expressly agreed in writing


5. Compliance & Due Diligence

Clients agree to:

  • Provide accurate and complete documentation, including Client Information Sheets (CIS) where required
  • Comply with all applicable AML, CTF, sanctions, and KYC regulations
  • Submit to enhanced due diligence measures, including live video verification, where applicable

JMDICT reserves the right to suspend or decline transactions that fail compliance or risk checks.


6. Prohibited Activities

Transactions involving the following are strictly prohibited:

  • Illegal goods or services
  • Sanctioned jurisdictions or parties
  • Fraudulent, deceptive, or misleading activities
  • Activities violating card network rules or banking regulations

Violation may result in immediate termination of services and reporting to relevant authorities.


7. Chargebacks & Disputes

  • Chargebacks are governed by the applicable card network rules and issuing bank policies
  • Clients remain responsible for transaction legitimacy and supporting documentation
  • JMDICT will reasonably cooperate in dispute resolution but is not liable for issuer determinations


8. Limitation of Liability

To the maximum extent permitted by law:

  • JMDICT shall not be liable for indirect, incidental, or consequential damages
  • Liability is limited to the direct transaction amount actually processed, if applicable
  • No liability arises from issuer declines, network interruptions, or regulatory actions


9. Data Security

JMDICT adheres to applicable data protection and security standards, including:

  • Tokenization of payment credentials
  • Network-level security controls
  • Restricted access to sensitive information

Clients must not store, transmit, or misuse payment data outside authorized systems.


10. Termination

JMDICT reserves the right to suspend or terminate services:

  • For regulatory, compliance, or risk reasons
  • Upon breach of these Terms
  • Upon instruction from an issuing bank, acquirer, or regulator


11. Governing Law

These Terms are governed by and construed in accordance with the laws applicable to JMDICT’s place of registration, without prejudice to mandatory banking or regulatory jurisdiction.


12. Amendments

JMDICT may update these Terms from time to time. Continued use of services constitutes acceptance of any updated Terms.


13. Contact

For questions regarding these Terms or transaction processing, please contact:
JMD Investment & Commodities Trading (JMDICT

Phone: +44 7444 012762 | +1 868 319 4727
Email:  director@jmduk.uk |  jmd@jmdtrade.com

Support Hours: Monday to Friday, 9:00 AM – 5:00 PM (UK Time, GMT/BST)

Payment Gateway Tokenized CNP