Myver User Agreement Summary
Last Updated: 17/10/23
Welcome to Myver, a digital financial platform powered by IDERA TECH LTD. By creating an account or using our app, you agree to the following key terms and policies. This summary is for your convenience — please read the full Terms of Service and Privacy Policy for complete details.
About Myver
- Xpress Wallet & Providus Bank – wallet and payment services.
- VFD Microfinance Bank – savings, fixed deposits, and POS.
- Paystack – card payment processing.
Your Account & Eligibility
- You must be at least 18 years old and provide valid KYC information (ID, BVN, etc.).
- Keep your account details secure. You’re responsible for all activity in your account.
- Myver may suspend or close accounts involved in fraud or illegal activity.
Your Data & Privacy
- We collect only the data needed to operate your account and comply with the law.
- Your data may be shared securely with our partners (VFD, Providus, Xpress Wallet, Paystack).
- We never sell your personal data.
- You can request to view, correct, or delete your data by contacting privacy@myver.com.
Wallet, Savings & POS Services
- Your wallet and savings accounts are operated with our licensed partners.
- POS devices are assigned to approved consumer-facing stores only.
- Each POS terminal is geo-tagged and can be used only within a 10-metre radius of the registered business location.
- Moving or sharing a device without approval is strictly prohibited.
Fees & Settlements
- Myver may charge small transaction fees, POS charges, or card fees.
- Fees will always be disclosed in the app or dashboard.
- Settlements typically occur within T+1 working day, subject to partner banks.
Prohibited Uses
- Fraud, money laundering, or illegal activity.
- Unlicensed cryptocurrency, betting, adult, or high-risk businesses.
- Cash withdrawals or agency banking through POS.
- Transactions outside your approved store location.
Security & Monitoring
- All transactions are monitored for fraud and compliance.
- Suspicious activity may be reported to regulators (CBN, NFIU, EFCC).
- Always protect your PIN, passwords, and device access.
Dispute Resolution
- If you have a transaction issue, contact Myver support first.
- Most reversals are processed within 2–5 working days, depending on partners.
- If unresolved, you may escalate to your bank or the CBN Consumer Protection Department.
Cookies & Tracking
Your Agreement
- You’ve read and accepted our Terms of Service, Privacy Policy, Compliance Policy, Merchant Policy, POS Policy, and Cookie Policy.
- You will use Myver responsibly and in compliance with Nigerian law.