Effective Date: 19h October, 2026.

Welcome to Biznaire Ltd ("Biznaire", "we", "our", or "us"). These Terms of Service govern your access to and use of the Biznaire website, the digital asset marketplace, escrow transaction management tools, payment facilitation features, support channels, and related services.

By creating an account, publishing a marketplace listing, placing a bid, purchasing an asset, making a payment, accepting an escrow transaction, or otherwise using Biznaire, you agree to these Terms and to our related policies, including our Privacy Policy, Refund Policy, and Dispute Resolution Policy.

1. About Biznaire

Biznaire is a Nigerian escrow and digital asset marketplace platform that helps users securely buy, sell, and auction online businesses, SaaS platforms, domain names, mobile applications, social media properties, templates & source codes, digital services, and general merchandise.

Biznaire provides transaction workflow tools, public marketplace discovery, bidding engines, communication features, document collection, inspection-period tracking, dispute handling, and settlement support. Biznaire is not a bank, payment processor, financial institution, investment adviser, legal adviser, or owner of listed items or services.

2. Eligibility and Account Responsibilities

To use Biznaire, you must be at least 18 years old, have legal capacity to enter into binding agreements, provide accurate information, comply with applicable laws, and complete identity or business verification (KYC) when requested.

You are responsible for safeguarding your account credentials and for all activity carried out through your account. You must notify Biznaire immediately if you suspect unauthorized account access, fraud, security compromise, or misuse.

3. Prohibited and Restricted Activity

You must not use Biznaire for illegal, fraudulent, unauthorized, deceptive, restricted, sanctioned, or high-risk activity. Prohibited conduct includes selling items or digital properties you do not own, transferring hacked or stolen accounts, copyright or patent infringement, shill bidding or artificial price manipulation, impersonation, identity misuse, money laundering, terrorist financing, sanctions evasion, card fraud, chargeback abuse, or any transaction that violates our Acceptable Use Policy.

Biznaire may request additional due diligence information from buyers, sellers, or brokers and may delay, cancel, restrict, or report escrow transactions or marketplace listings where required for fraud prevention, compliance, dispute management, or legal reasons.

4. Payments and Third-Party Payment Providers

Payments on Biznaire may be processed by approved third-party payment providers, including Flutterwave or other providers made available on the platform. Payment providers may require verification, apply transaction rules, impose limits, review transactions, delay settlement, withhold settlement, reverse transactions, process refunds, or request additional information under their own agreements, rules, and applicable law.

Buyer payments settle into Biznaire's secure payment-provider escrow custody before seller payout. Seller payout is initiated only after the transaction reaches the required completion stage, such as buyer acceptance, inspection-period expiry without dispute, admin release, or formal dispute resolution. Seller payout timing may also depend on payment provider settlement schedules, bank processing, compliance checks, transfer availability, and fraud review.

Biznaire does not store full card details. Card and payment information is handled by the relevant payment provider according to its own terms and privacy notices.

5. Fees and Global Marketplace Charge Policy

Biznaire may charge escrow transaction fees, service fees, payout fees, payment processing fees, or other disclosed charges. Fees will be displayed or communicated before they apply where reasonably possible.

Marketplace Seller Fee Policy: For transactions initiated via the Biznaire Marketplace (whether Buy Now purchases or Auction wins), platform policy stipulates that the seller pays 100% of the platform escrow charge. The charge is automatically calculated based on the applicable transaction tier and deducted directly from the seller's final payout proceeds upon inspection completion. Buyers pay the exact purchase price without additional escrow charge markups.

Unless otherwise stated or required by law, platform fees and third-party processing fees may be non-refundable.

6. Digital Asset Marketplace Terms

6.1 Scope of Marketplace: The Biznaire Marketplace provides a curated ecosystem for buying, selling, and auctioning verified digital assets. Supported asset classes include, but are not limited to: Domain Names, Websites & Web Applications, Mobile Applications (iOS / Android), SaaS Products (Software as a Service), Social Media Accounts, Templates & Source Code, and Digital Services.

6.2 Seller Obligations & Representations: To list an asset on the marketplace, a seller must be verified and have an approved payout method configured. By submitting a listing, the seller explicitly warrants and covenants that:

• They are the legal and beneficial owner of the digital asset, or possess full, unencumbered authorization to effect transfer of ownership.
• All metrics provided in the listing—including Monthly Recurring Revenue (MRR), Annual Recurring Revenue (ARR), profit figures, monthly traffic, active subscribers, and operational tech stack—are authentic, truthful, and verifiable.
• The asset is free and clear of any liens, mortgages, charges, third-party rights, or infringement of intellectual property rights.
• The listing complies with all applicable digital property, trademark, copyright, and platform terms (including App Store, Google Play, hosting provider, or domain registrar policies).

6.3 Listing Moderation: All listings submitted to the Marketplace are subject to administrative moderation and review before becoming publicly visible. Biznaire reserves the right to reject, delist, request additional verification for, or suspend any listing that does not meet platform quality, security, or compliance benchmarks.

6.4 Instant Purchase (Buy Now) and Auctions (Bidding):
• Buy Now: Buyers may purchase assets instantly at the seller's designated fixed price, which automatically initiates a dedicated escrow transaction.
• Auctions: Sellers may choose to list assets via public auction with a starting bid and optional reserve price. Placing a bid constitutes a legally binding commitment to purchase the asset at that price if declared the winning bidder. Bids cannot be retracted or modified once placed.
• Anti-Sniping Soft Close: To ensure fair bidding competition, any valid bid placed within the final five (5) minutes of an active auction automatically extends the auction duration by an additional five (5) minutes.
• Winning Bidder Settlement: The highest bidder upon auction conclusion is legally obligated to complete escrow funding within forty-eight (48) hours. Failure to fund constitutes a default, granting Biznaire and the seller the right to cancel the transaction, sanction the bidder's account, and award the asset to the next highest bidder via a second-chance offer.

6.5 Mandatory Escrow Integration: Every marketplace transaction—whether Buy Now or Auction—is automatically bound to Biznaire's Escrow service. Off-platform transactions, private arrangements outside the platform, or direct wire transfers attempting to circumvent platform escrow are strictly prohibited, violate these Terms, and immediately void all platform buyer/seller protection guarantees.

6.6 Asset Handover and Credential Rotation: Following verified buyer payment into escrow, the seller must deliver the digital asset to the buyer using the secure Biznaire Escrow message center. Delivery requirements include:
• Domain names: Initiating registrar transfer (authorization code / EPP code) or account push.
• Source code / SaaS: Transfer of repositories (GitHub, GitLab), database snapshots, deployment scripts, and associated API integrations.
• Cloud & Hosting: Handover or invite-based ownership transfer of cloud accounts (AWS, DigitalOcean, Vercel, etc.).
• Credentials: Immediate rotation and reset of all root credentials, passwords, recovery emails, and two-factor authentication devices by the buyer immediately upon receipt.

6.7 Inspection Window: Each marketplace asset listing designates an inspection period between one (1) and fourteen (14) days. During this window, the buyer must verify that the transferred asset conforms to the description, is fully operational, and has all administrative rights transferred. Escrow funds will not be disbursed until the buyer marks the transaction as accepted or until the inspection window concludes without any dispute being raised.

7. Delivery and Inspection

Buyers and sellers must follow the Delivery Policy and the transaction instructions displayed on Biznaire. Delivery may include domain transfer, source-code handover, website migration, account transition, documentation delivery, access credential rotation, physical goods dispatch, or other item-specific steps.

Where an inspection period applies, the buyer must review the item or service within that period and either confirm completion or raise a dispute. If the buyer takes no action before the inspection period expires, the transaction may be completed and seller payout may be initiated according to the transaction rules.

8. Cancellations, Refunds, and Chargebacks

Cancellations and refunds are handled under our Cancellation Policy and Refund Policy. Refunds may depend on the transaction stage, seller delivery status, buyer inspection status, dispute outcome, payment provider rules, and whether seller payout has already been initiated.

You agree to cooperate with refund, fraud, and chargeback investigations. Buyers, sellers, and brokers must provide evidence of payment, authorization, delivery, item or service transfer, communication, and value received when requested. Biznaire may decide platform actions based on available evidence if a party fails to respond.

Chargebacks, payment reversals, penalties, provider fees, or losses caused by user fraud, misrepresentation, policy breaches, or failed delivery may be recovered from the responsible user where permitted by law and platform rules.

9. Disputes Between Buyers and Sellers

Biznaire may review evidence and facilitate dispute handling through the platform. Biznaire is not a court, arbitrator, legal representative, or financial institution. Payment providers are generally not responsible for resolving buyer-seller disputes unless the issue relates directly to payment processing or settlement.

Users must cooperate in good faith, submit accurate evidence, and respond promptly to requests. Fraud, false evidence, abusive conduct, or refusal to cooperate may result in account restriction, cancellation of a transaction, delayed payout, or reporting to relevant authorities.

10. Privacy and Security

Biznaire collects and processes personal, escrow transaction, and verification information according to our Privacy Policy. We use reasonable administrative, technical, and organizational safeguards to protect user information and payment-related data in our control.

You must not share passwords, one-time passcodes, private keys, recovery phrases, payment credentials, or sensitive access credentials outside secure transaction channels. Users are responsible for removing or rotating access credentials after asset transfer where applicable.

11. Suspension, Investigation, and Termination

Biznaire may suspend, restrict, or terminate an account, listing, transaction, payout, or platform access where we suspect fraud, unlawful conduct, payment abuse, security risk, policy violation, regulatory risk, or payment provider requirement.

Biznaire may retain escrow transaction records, verification records, communications, and other evidence for compliance, fraud prevention, dispute handling, and legal purposes after account closure.

12. No Investment or Business Performance Guarantee

Biznaire does not guarantee the value, future revenue, traffic persistence, profitability, legality, marketability, future performance, or commercial success of any digital asset, code, account, or business listed on the platform. Buyers are exclusively responsible for conducting their own due diligence, code audits, financial verification, and traffic validation prior to purchase or bidding.

13. Intellectual Property

Users retain ownership of their items and services subject to transaction agreements and completed delivery.

14. Limitation of Liability

To the fullest extent permitted by law, Biznaire is not liable for user misconduct, failed item delivery, business losses, lost profits, payment provider delays, bank delays, chargebacks, reversals, technical interruptions, regulatory actions, or third-party service failures.

Where liability cannot be excluded, Biznaire's liability is limited to the fees paid to Biznaire in connection with the relevant transaction, unless applicable law requires otherwise.

15. Changes to These Terms

Biznaire may update these Terms or related policies at any time. Updates take effect when published on the platform. Continued use of Biznaire after publication means you accept the updated terms.

16. Governing Law

These Terms are governed by the laws of the Federal Republic of Nigeria. Subject to any mandatory dispute procedure, disputes shall be submitted to competent courts or other lawful dispute resolution forums in Nigeria.

17. Contact

For support, complaints, refund requests, disputes, or payment issues, contact Biznaire through the support ticket system or by email.

• Email: [email protected]
• Website: www.biznaire.com
• Support ticket: https://biznaire.com/ticket
• Phone: see the phone number published on our Contact page at https://biznaire.com/contact

Biznaire aims to respond to customer enquiries and payment-provider information requests within one business day.