DRAFT — pending legal counsel review. This is a working draft prepared by the CelebIsland team. It has not been reviewed by qualified legal counsel, is not final, and may change. Items marked [COUNSEL TO CONFIRM] are open questions for counsel.
1. Scope
These terms cover money moving on CelebIsland: Pro membership, the Wallet, Market purchases, Creator Vault and tips, ad spend, donations and giving, and creator payouts.
2. Currency and pricing
Prices are shown in Nigerian Naira (NGN) unless stated otherwise. Prices include or exclude taxes as shown at checkout. [COUNSEL TO CONFIRM: VAT treatment and display requirements.]
3. Payment methods
- Payments may be made by direct bank transfer confirmed by uploading a receipt, and by any online payment processor we enable (for example PayStack). When a processor is switched on it will be named here.
- Card details are entered with the payment processor, not stored by CelebIsland.
- In-app purchases made through the Apple App Store or Google Play are also subject to those stores' terms.
4. Wallet
- Your Wallet holds funds you add and earnings you receive. Wallet funds can be used for purchases on CelebIsland.
- The Wallet is not a bank account and does not earn interest. [COUNSEL TO CONFIRM: whether wallet balances raise e-money / CBN licensing questions and what disclosures are required.]
- We may limit wallet top-ups, transfers or withdrawals to prevent fraud or comply with law.
5. Pro membership and renewals
- Pro is a paid membership for a stated period.
- Where renewal is manual (for example by bank transfer), membership ends at the end of the paid period unless you pay again.
- Where automatic renewal is offered, it will be clearly disclosed before purchase and can be cancelled from your settings before the next billing date.
6. Payouts
Creators and sellers withdraw earnings to a verified payout method under the Creator Terms and Marketplace Terms. Payout requests may be reviewed before approval.
7. Failed, reversed and disputed payments
- If a payment fails, is reversed or charged back, we may reverse the related purchase, credit or payout, and suspend paid features until it is resolved.
- Each payment reference can only be credited once.
8. Refunds
Refunds follow the Refund Policy.
9. Fraud and compliance
We monitor transactions for fraud and money laundering and may hold, reverse or report transactions as required by law. [COUNSEL TO CONFIRM: AML/CFT obligations applicable to the operator.]
10. Records
We keep records of transactions for as long as the law requires. [COUNSEL TO CONFIRM: retention period.]
