1.1 These Terms and Conditions ("Terms") govern the use of the website www.yomarkets.io (the "Website" or "Platform") and the services provided by YoMarkets, a division of Bongani Ventures (Pvt) Ltd ("YoMarkets," "we," "us," or "our"). YoMarkets operates an online eCommerce platform — including auctions — where users can buy, sell, and bid for goods using USD funds held in their Store Balance, subject to the applicable laws and regulations of the jurisdictions in which YoMarkets operates.

1.2 By accessing or using the Website and its services, you ("User," "you," or "your") agree to be bound by these Terms. Please read them carefully. If you do not agree to these Terms, you must not access or use the Website.

1.3 To use YoMarkets, you will need to have a YoMarkets wallet. To get a YoMarkets wallet, you will need to open an account at www.yomarkets.io.

2.1 "AML/CTF" Means Anti-Money Laundering and Counter-Terrorism Financing, referring to laws, regulations, and procedures designed to prevent, detect, and report activities related to money laundering, terrorist financing, or other illicit financial activities under the Money Laundering and Proceeds of Crime Act and the Financial Intelligence Unit Act.

2.2 "Auction" means a sale process where Users can place Bids for Goods listed on the Platform, with all Bids made in USD via the User's Store Balance. …

2.3 – 2.16 Definitions include Bid, Bidder, Buyer, Goods, Personal Data, Platform, Perishable goods, Seller, YoMarkets, YoMarkets Account, Verified Account, USD Cash Notes, User. (Full definitions copied from document.)

1. You must be at least 18 years old and reside in a market where the Platform is available to use the Platform.
2. You must possess a fully verified YoMarkets Account to participate in Auctions or use any services on the Platform. This requires compliance with AML/CTF laws and verification.
3. By using the Platform, you represent and warrant that you meet these eligibility requirements.

4.1 To use the Platform, you must have a verified YoMarkets Account.

4.2 You are responsible for maintaining the confidentiality of your YoMarkets Account credentials.

4.3 You agree to: provide accurate information, have YoMarkets process your personal data per the Data Protection Act, notify YoMarkets of unauthorized use, accept responsibility for activities under your account.

4.4 YoMarkets will not be liable for loss or damage arising from your failure to comply with this section.

5.1 Listing of Goods

1. Sellers may list Goods, providing accurate descriptions, images and starting prices.
2. Sellers are required to deliver listed Goods to the YoMarkets Warehouse to complete the listing.
3. - 5.1.3 to 5.1.8 outline restrictions on perishable goods, YoMarkets's liability, risk transfer, right to review listings and remove violations.

5.2 Bidding

1. Bidders may place bids on listed Goods.
2. All Bids must be made in USD via the User's Store Balance.
3. Other bidding rules and handling of funds are detailed.

5.3 Auction Closing & 5.4 Settlement

Details include highest bidder wins, tie-break rules, anti-sniping extension, refunds to losing bidders, and transfer of title.

6.1 YoMarkets may charge platform fees (warehouse, transaction, withdrawal). Detailed fee schedule is on the Website. YoMarkets may amend fees and will notify users where practicable.

6.3 Fees comply with Consumer Protection Act; no hidden fees.

8.1 Users must not engage in illegal activity, money laundering, trading prohibited items, shill bidding, spam, account duplication, or unauthorized access. Bots are prohibited unless expressly permitted. YoMarkets may investigate and take action including suspension and reporting.

Key points: services provided "as is"; assume risk for use; YoMarkets not responsible for third parties; limitation of liability to the extent permitted by applicable law; maximum liability limited to platform fees paid in prior 12 months plus Store Balance held.

Users agree to indemnify YoMarkets for breaches, violations of law, willful misconduct, and related claims, subject to procedures for notifications and defense.

All content protected. Users may not copy without consent. User-generated content license granted to YoMarkets; users represent they have rights. Infringement process via [email protected].

YoMarkets may modify Terms; material changes notified and where practical provided 30 days' notice. Continued use constitutes acceptance.

YoMarkets may suspend/terminate for reasons including breach, non-compliance, fraud; users may terminate via written request. Effects outlined including post-termination data access for 30 days.

Governing law: the jurisdiction in which YoMarkets is registered to operate. Dispute resolution: amicable settlement, mediation, arbitration (via an accredited commercial arbitration centre), confidentiality of proceedings; special rules for YoMarkets disputes.

Waiver, severability, entire agreement, assignment, notices, non-discrimination and other general clauses.

Retention limited to necessary purposes or legal requirements; post-termination retention for legal reasons; user rights under Cyber and Data Protection Act; breach notification to POTRAZ within 72 hours.

Prohibited: arranging transactions off-platform, using bots, exploiting vulnerabilities. Violations can lead to suspension, forfeiture, and legal action.

Sellers may set reserve prices; not disclosed to bidders; if highest bid < reserve price, seller not obligated to sell; fees may apply.

Sellers must provide accurate descriptions and cooperate with buyers. YoMarkets may impose penalties, refund buyers, reverse transactions, or take legal action.

YoMarkets may cancel auctions for fraud, errors, technical issues, violations, or force majeure. Notifications and refunds procedures defined.

Buyers should verify condition/authenticity. YoMarkets may offer inspections; YoMarkets not guarantee condition except for gross negligence.

YoMarkets may use YoMarkets for payment and software integration. Users subject to YoMarkets terms. Data sharing for transactions; service availability; fees; liability allocation; dispute resolution; indemnification; privacy protections described.

Acceptance and rejection of USD cash notes; CDD; transaction limits; verification; risk and compliance rules.

Users authorize YoMarkets to request information from YoMarkets for verification/KYC/AML. Scope and purpose described, data security and revocation process outlined.

Third-party platform risks, service disruption, security issues, and mitigation efforts.

Changes in law, limitations, third-party content liability, user-generated content, amendments, AML/CTF compliance, and other compliance obligations are set out in these clauses.

YoMarkets will ensure accessibility compliance and respond to feedback within 30 days at [email protected].