Business General Terms & Conditions
Last Updated: March 17, 2026
1 Introduction and Scope
1.1 These General Terms and Conditions (“T&Cs”) govern the access to and use of the fiat-to-stablecoin onramping services (the “Service”) provided by Talentir LLC (“Talentir”, “we”, “us”, or “our”), a company incorporated under the laws of Switzerland.
1.2 Company Information: Talentir LLC, Stockerstrasse 38, 8002 Zurich, Switzerland. Email: office@talentir.com. Company Number: CHE-146.889.750.
1.3 Talentir acts as a Swiss financial intermediary and is a member of a Self-Regulatory Organization (SRO) officially recognized by the Swiss Financial Market Supervisory Authority (FINMA).
1.4 By registering for an account, accessing, or using the Service, the business customer (“Client”, “you”, or “your”) agrees to be bound by these T&Cs. If you do not agree to these T&Cs, you must not use the Service.
2 Eligibility and Onboarding
2.1 Business Customers Only: The Service is strictly reserved for legal entities and corporate clients (B2B). Natural persons acting as consumers are not eligible to use this Service.
2.2 Compliance and KYB: As a regulated Swiss financial intermediary, Talentir is subject to the Swiss Anti-Money Laundering Act (AMLA). The Client must successfully complete our Know Your Business (KYB) onboarding process. This includes providing valid corporate documents, identifying beneficial owners, and passing our compliance checks.
2.3 Wallet Verification: In compliance with FINMA regulations (including the Travel Rule), the Client must cryptographically prove ownership and control of the receiving digital asset wallet address. Talentir will only send stablecoins to verified wallets explicitly owned by the Client.
3 Description of the Service
3.1 Onramping Service: Talentir provides a service that allows the Client to convert fiat currency (e.g., EUR) into an equivalent stablecoin (e.g., EURC).
3.2 Deposit Methods: To initiate a conversion, the Client must transfer fiat currency to a bank account designated by Talentir. Depending on the setup, Talentir will provide the Client with either:
- A dedicated Virtual IBAN; or
- A standard IBAN along with a specific, mandatory reference number.
3.3 Strict Transfer Rules: Funds must be wired exclusively from a bank account held in the exact name of the onboarded Client. Third-party deposits will be automatically rejected and returned at the Client’s expense. The Client must include the exact reference number if utilizing a standard IBAN. Failure to do so may result in severe delays or rejection of the transfer.
4 Fees and Exchange Rate
4.1 1:1 Conversion Rate: Talentir operates on a strict 1:1 conversion rate between a supported fiat currency and its direct stablecoin equivalent (e.g., 1 EUR received = 1 EURC).
4.2 Zero Talentir Fees: Talentir does not charge any markup, spread, commission, or proprietary service fee for the conversion Service.
4.3 Third-Party Bank Fees and Shortfalls: The Client understands that correspondent banks, intermediate payment processors, or the Client’s own sending bank may deduct wire transfer fees or administrative costs from the principal fiat amount while it is in transit. Talentir will only convert the net fiat amount that physically arrives and settles in Talentir’s bank account. For example, if the Client sends 10,000 EUR, but intermediate banking fees amount to 15 EUR, Talentir will receive 9,985 EUR and will subsequently mint/transfer 9,985 EURC to the Client.
4.4 Network/Gas Fees: The Client acknowledges that transferring stablecoins on blockchain networks incurs network fees (“gas fees”). These network fees are beyond Talentir’s control and may be deducted from the final stablecoin payout amount.
5 Execution and Settlement
5.1 Processing Time: Conversions are executed promptly after the fiat funds have fully settled in Talentir’s bank account. Processing times depend heavily on standard banking hours, SEPA/SWIFT settlement periods, and compliance clearances.
5.2 Finality: Once the stablecoins are broadcasted to the blockchain network and sent to the Client’s verified wallet, the transaction is final, irreversible, and cannot be refunded.
5.3 Right of Refusal: Talentir reserves the right to refuse, suspend, or cancel any transaction at its sole discretion, especially if the transaction raises compliance, fraud, or security concerns. In such events, standard banking fees may apply when returning fiat funds to the Client.
6 Client Warranties and Obligations
By using the Service, the Client represents and warrants that:
- It is validly incorporated and in good standing under the laws of its jurisdiction.
- The funds used for the Service are of legal origin and do not derive from any illicit or criminal activity.
- It will solely use the Service for its own account and not on behalf of unregistered third parties.
- It bears the sole responsibility for determining, collecting, reporting, and submitting any taxes applicable to its use of the Service.
- It acknowledges and accepts that it is solely responsible for the self-custody of all digital assets received through the Service, including the secure management of private keys and wallet credentials.
7 Risks Associated with Digital Assets
7.1 Technology Risk: Blockchain networks and smart contracts are subject to technical flaws, hacks, exploits, and network congestion. Talentir is not liable for any losses arising from the underlying blockchain infrastructure or the stablecoin issuer’s protocol.
7.2 De-pegging Risk: Talentir does not issue the stablecoins (e.g., EURC). The Client accepts the risk that third-party stablecoins may lose their peg to the underlying fiat currency. Talentir is not liable for any loss in value of the stablecoin itself.
7.3 Custody: Talentir does not offer custodial services. The Client is solely responsible for the self-custody of all digital assets received through the Service. Once the stablecoins are transferred to the Client’s wallet, the Client bears full and exclusive responsibility for the security of their private keys, the safeguarding of the assets, and any loss or theft resulting from compromised wallet credentials. Talentir shall have no liability whatsoever for any loss of digital assets after transfer to the Client’s wallet.
8 Limitation of Liability
To the maximum extent permitted by applicable Swiss law, Talentir, its directors, employees, and partners shall not be liable for any direct, indirect, incidental, special, or consequential damages—including but not limited to loss of profits, loss of data, or business interruption—arising out of or in connection with the use of the Service, the failure of a transaction, banking delays, or the loss of access to the Client’s digital asset wallet.
9 Data Protection
Talentir processes personal and corporate data in accordance with the Swiss Federal Act on Data Protection (FADP) and, where applicable, the General Data Protection Regulation (GDPR). Details regarding data collection, usage, and retention (especially for AML purposes) are outlined in our separate Privacy Policy.
10 Amendments
Talentir reserves the right to modify or amend these T&Cs at any time. We will notify the Client of significant changes via email or through the Talentir platform. Continued use of the Service after such notification constitutes acceptance of the amended T&Cs.
11 Governing Law and Jurisdiction
11.1 Governing Law: These T&Cs and any non-contractual obligations arising out of or in connection with them shall be governed by, and construed in accordance with, the substantive laws of Switzerland, excluding its conflict of law principles.
11.2 Jurisdiction: Any dispute, controversy, or claim arising out of or relating to these T&Cs, including the validity, invalidity, breach, or termination thereof, shall be subject to the exclusive jurisdiction of the competent courts of the City of Zurich, Switzerland (Zurich 1), subject to an appeal to the Swiss Federal Supreme Court.