VeraisVerais

Terms of Service

Last updated: May 8, 2026 Effective date: May 8, 2026

1. Introduction and acceptance

Welcome to Verais. These Terms of Service ("Terms") govern your access to and use of the Verais website (verais.io), application, and related services (collectively, the "Service"), provided by Anastasija K., operating Verais as a sole proprietor based in Belgrade, Serbia ("Verais," "we," "us," or "our").

By creating an account, accessing, or using the Service, you agree to be bound by these Terms and our Privacy Policy. If you do not agree, do not use the Service.

If you are using the Service on behalf of a company or other organization, you represent that you have the authority to bind that entity to these Terms, and "you" refers to both you personally and that entity.

2. Description of the Service

Verais is a cash management software-as-a-service product designed to help small and medium businesses, founders, and operators track cash buckets, manage emergency reserves, log financial transactions, and receive AI-assisted insights about their finances.

Verais is a software tool. It is not a bank, a financial advisor, a tax advisor, a broker, or a legal advisor. We do not hold your money. We do not move money. We do not provide regulated financial services. The Service helps you organize and analyze financial data that you input.

We may add, change, or remove features over time. We will provide reasonable notice of material changes that significantly reduce functionality.

3. Eligibility

To use the Service, you must:

  • Be at least 18 years old (or the age of legal majority in your jurisdiction).
  • Have the legal capacity to enter into a binding contract.
  • Not be prohibited from using the Service under applicable law.
  • Provide accurate registration information.

The Service is intended for business and professional use. It is not intended for personal consumer financial management.

4. Accounts

4.1 Creating an account

To use most features of the Service, you must create an account by providing a valid email address and password. You are responsible for:

  • Providing accurate and current information.
  • Keeping your password confidential.
  • All activity that occurs under your account.
  • Notifying us immediately at official@verais.io if you suspect unauthorized access.

You may not share your account with anyone, create an account on behalf of someone without their permission, or maintain more than one personal account.

4.2 Account security

You are responsible for maintaining the security of your account. We strongly recommend using a strong, unique password and a password manager. We are not liable for losses arising from unauthorized account access caused by your failure to keep your credentials secure.

4.3 Account deletion

You may delete your account at any time through the in-product Delete Account option in your settings, or by emailing official@verais.io. Account deletion is permanent and cannot be reversed. See our Privacy Policy for details on data retention after deletion.

5. Subscription, billing, and payment

5.1 Free tier

We currently offer access to the Service free of charge during our launch period. We reserve the right to introduce paid plans, change pricing, or modify the free tier at any time, with reasonable advance notice.

5.2 Paid plans (when available)

When paid plans become available:

  • Pricing will be displayed at the point of subscription.
  • Billing cycles may be monthly or annual, as you select.
  • Payment will be processed through our payment provider (e.g., Paddle, PayPro Global, CorvusPay, or another provider). Their terms apply to the payment transaction.
  • Currency of pricing will be specified at checkout.
  • Taxes (e.g., VAT) may apply based on your location and will be added to the displayed price where required.

5.3 Renewals

Paid subscriptions automatically renew at the end of each billing cycle unless cancelled before the renewal date. You can cancel at any time through your account settings; cancellation takes effect at the end of the current billing cycle.

5.4 Refunds

Except where required by applicable consumer law, all payments are non-refundable. We may, at our sole discretion, offer prorated refunds in cases of significant Service failure or other exceptional circumstances.

For users in the EU, you have a 14-day right of withdrawal under the Consumer Rights Directive for digital services purchased online — but by starting to use a paid feature within those 14 days, you expressly agree to waive that right (as permitted under Article 16(m) of the Directive).

5.5 Failed payments

If a payment fails, we will attempt to retry the charge. If payment is not received after reasonable retries, we may suspend or downgrade your account.

5.6 Price changes

We may change pricing for paid plans with at least 30 days' advance notice. Price changes will take effect at your next billing cycle. If you do not agree with the new pricing, you may cancel your subscription before it renews.

6. Acceptable use

You agree to use the Service only for lawful purposes and in accordance with these Terms. You will NOT:

  • Use the Service to violate any law, regulation, or third-party right.
  • Upload, store, or transmit any data that is unlawful, infringing, defamatory, obscene, or otherwise objectionable.
  • Use the Service for fraudulent, deceptive, or misleading purposes.
  • Attempt to gain unauthorized access to any part of the Service, other accounts, or our systems.
  • Interfere with, disrupt, or attempt to compromise the security or integrity of the Service.
  • Reverse engineer, decompile, or attempt to extract the source code of the Service, except where permitted by law.
  • Use automated means (bots, scrapers, crawlers) to access the Service without our written permission.
  • Resell, sublicense, or otherwise commercially exploit the Service without our written permission.
  • Use the Service to build a competing product.
  • Upload viruses, malware, or any code intended to harm the Service or its users.
  • Use the Service to send spam or unsolicited communications.
  • Misrepresent your identity or affiliation.

We may suspend or terminate accounts that violate this section, with or without notice depending on the severity of the violation.

7. Your data and content

7.1 Ownership

You retain all ownership rights to the financial data, business information, and other content you input into the Service ("Your Content"). We do not claim ownership of Your Content.

7.2 License to us

By inputting Your Content into the Service, you grant us a limited, non-exclusive, worldwide, royalty-free license to host, store, process, transmit, display, and otherwise use Your Content solely as necessary to provide and improve the Service. This license ends when you delete the data or your account, except as required for legal compliance, dispute resolution, or as preserved in backups during their natural deletion cycle.

7.3 Responsibility

You are solely responsible for the accuracy, legality, and appropriateness of Your Content. You represent that you have all rights necessary to input the data into the Service and that doing so does not violate any third-party rights or applicable law.

7.4 AI features

When you use AI-powered features (such as Smart Bank Suggestions), Your Content is sent to our AI subprocessor (Anthropic) to generate output. Per our agreement with Anthropic, Your Content is processed transiently and is not used to train AI models. See our Privacy Policy for details.

AI-generated output is provided as guidance only. It is not financial advice. You are responsible for evaluating AI suggestions before acting on them.

8. Intellectual property

8.1 Our IP

The Service — including its software, design, logos, branding, written content, and any improvements or derivatives thereof — is owned by Verais and protected by copyright, trademark, and other intellectual property laws. We grant you a limited, non-exclusive, non-transferable, revocable license to use the Service solely as permitted by these Terms.

Nothing in these Terms transfers any of our intellectual property rights to you.

8.2 Feedback

If you provide us with feedback, suggestions, or ideas about the Service ("Feedback"), you grant us an unrestricted, perpetual, irrevocable, royalty-free license to use that Feedback for any purpose, including improving the Service. You are not entitled to compensation for Feedback.

8.3 Trademarks

"Verais" and the Verais logo are our trademarks. You may not use them without our written permission, except for reasonable, factual reference to the Service.

9. Third-party services

The Service may integrate with or link to third-party services (e.g., Supabase, Vercel, Anthropic, future payment providers, future bank or accounting integrations). We are not responsible for the content, terms, or practices of third-party services. Your use of those services is governed by their own terms.

10. Disclaimers

THE SERVICE IS PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. To the fullest extent permitted by applicable law, we disclaim all warranties, including:

  • Warranties of merchantability, fitness for a particular purpose, and non-infringement.
  • Warranties that the Service will be uninterrupted, error-free, secure, or free of harmful components.
  • Warranties regarding the accuracy, reliability, or completeness of any information (including AI-generated output) provided through the Service.

The Service is a tool to help you organize financial data. It is not a substitute for professional financial, accounting, tax, or legal advice. Decisions you make based on information from the Service are your own responsibility. We strongly recommend consulting qualified professionals for important financial decisions.

Some jurisdictions do not allow the exclusion of certain warranties, so some of the above may not apply to you.

11. Limitation of liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, in no event shall Verais, its operator, employees, agents, or affiliates be liable for:

  • Any indirect, incidental, special, consequential, exemplary, or punitive damages.
  • Any loss of profits, revenue, business opportunities, data, or goodwill.
  • Any damages arising from your use of, or inability to use, the Service.
  • Any damages caused by third-party services, content, or conduct.

Our total aggregate liability for any claim arising out of or relating to these Terms or the Service shall not exceed the greater of: (a) the total amount you paid us in the 12 months preceding the event giving rise to the claim, or (b) €100 EUR.

These limitations apply regardless of the legal theory (contract, tort, strict liability, or otherwise) and even if we have been advised of the possibility of such damages.

Some jurisdictions do not allow the exclusion or limitation of certain damages, so some of the above may not apply to you. In that case, our liability is limited to the maximum extent permitted by law.

12. Indemnification

You agree to indemnify, defend, and hold harmless Verais and its operator from and against any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising out of or related to:

  • Your use of the Service.
  • Your violation of these Terms.
  • Your violation of any third-party right (including intellectual property or privacy rights).
  • Your Content.

We reserve the right to assume the exclusive defense and control of any matter subject to indemnification by you, in which case you agree to cooperate with our defense.

13. Termination

13.1 Termination by you

You may stop using the Service and delete your account at any time. See Section 4.3.

13.2 Termination by us

We may suspend or terminate your access to the Service, with or without notice, if:

  • You violate these Terms or our Privacy Policy.
  • We are required to do so by law.
  • The Service is being used in a way that creates legal risk or harm to us or other users.
  • We discontinue the Service or any part of it (we'll provide reasonable notice).
  • For free accounts, we determine in good faith that the account is dormant or no longer in use.

13.3 Effect of termination

On termination:

  • Your right to use the Service ends immediately.
  • Provisions that by their nature should survive (e.g., ownership, disclaimers, limitation of liability, indemnification, governing law) will survive.
  • Your data will be deleted in accordance with our Privacy Policy.

14. Modifications to the Service

We may modify, suspend, or discontinue any part of the Service at any time. For material changes that significantly reduce functionality, we will provide reasonable advance notice (typically 30 days).

15. Modifications to these Terms

We may update these Terms from time to time. When we do:

  • We will update the "Last updated" date at the top.
  • For material changes, we will notify users via email or in-product notice at least 30 days before the changes take effect.
  • Continued use of the Service after the effective date means you accept the updated Terms.

If you do not agree to the updated Terms, you must stop using the Service and may delete your account.

16. Governing law and jurisdiction

These Terms are governed by the laws of the Republic of Serbia, without regard to its conflict of laws principles.

Any dispute arising out of or relating to these Terms or the Service shall be resolved exclusively in the competent courts of Belgrade, Serbia, except where applicable consumer protection law grants you the right to bring proceedings in your country of residence.

17. Dispute resolution

Before filing any legal claim, both parties agree to attempt to resolve disputes informally by contacting official@verais.io. We will respond within 30 days and attempt to resolve the matter in good faith.

If a dispute cannot be resolved informally within 60 days, either party may pursue formal resolution through the courts identified in Section 16.

For users in the EU, you may also use the European Commission's Online Dispute Resolution platform (ec.europa.eu/consumers/odr) for disputes related to online purchases.

Nothing in this section limits your statutory consumer rights under your local law.

18. Force majeure

Neither party shall be liable for any failure or delay in performance under these Terms due to causes beyond its reasonable control, including natural disasters, war, terrorism, civil unrest, government action, labor disputes, internet or telecommunications failures, or pandemics.

19. Severability

If any provision of these Terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.

20. Assignment

You may not assign or transfer these Terms or your account without our written consent. We may assign these Terms to an affiliate, successor entity, or in connection with a merger, acquisition, or sale of assets, with notice to you.

21. Entire agreement

These Terms, together with our Privacy Policy and any other policies referenced herein, constitute the entire agreement between you and Verais regarding the Service and supersede any prior agreements.

22. No waiver

Our failure to enforce any right or provision of these Terms shall not be considered a waiver of those rights.

23. Contact us

For questions about these Terms, contact us at:

Email: official@verais.io Subject line suggestion: "Terms question"

These Terms were last updated on May 8, 2026.