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Terms

Terms of service

This versioned artifact defines the subjects the operative Chase Sets terms must cover. It is not effective until qualified counsel approves the final language, launch scope, and external approval reference.

Policy version

Version v1

Effective date pending counsel approval

Locale en

Wallet nature, custody, and interest

Counsel-approved language required

State that the Wallet is a marketplace ledger rather than a bank deposit, and define the reviewed custody and interest posture.

Cash-equivalent balance and Marketplace Credit

Counsel-approved language required

Distinguish cash-equivalent Wallet funds, which are spendable and payoutable under normal readiness rules, from any future non-withdrawable Marketplace Credit.

Wallet Adjustment authority

Counsel-approved language required

Authorize evidence-backed credits and debits for transaction, refund, fee, dispute, fraud, support, legal, goodwill, and operational-error reasons.

Provisional credits, corrections, and linked reversals

Counsel-approved language required

Describe provisional credits, duplicate or error correction, immutable posted adjustments, and new linked opposite-direction reversals.

Setoff

Counsel-approved language required

Define lawful setoff against available balance, future proceeds, refunds, or payouts, including required limits and notice.

Negative balances and capability restrictions

Counsel-approved language required

Describe negative-balance creation and recovery, how later funds offset an amount owed, and when marketplace or payout capabilities may be restricted.

Itemized history, notice, and disputes

Counsel-approved language required

Explain itemized Wallet history and notices, the support dispute method, response expectations, and review timing.

Suspension, closure, dormant balances, and legal holds

Counsel-approved language required

Define the treatment of Wallet funds during account suspension or closure, dormancy, legal holds, and lawful release of remaining funds.

Effective date, change notice, and acceptance

Counsel-approved language required

Define the effective date, material-change notice, version acceptance, and any counsel-approved continued-use semantics.

Evidence-backed and fair use

Counsel-approved language required

Constrain Wallet Adjustments to fair, supportable uses and state that arbitrary forfeiture is not permitted.