Effective Date: November 5, 2025
Last Updated: 10/16/2025

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SatsPay Legal, Compliance & Regulatory Overview

Bitcoin’s Fast Lane for Restricted Business

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Our Business Model

SatsPay Financial Services Co. LLC (“SatsPay”) is a Bitcoin-only payment platform that enables merchants and customers to send and receive instant Bitcoin payments via the Lightning Network and on-chain Bitcoin transactions.
We provide invoicing, routing, and proof-of-payment reporting tools.

SatsPay never holds customer funds, private keys, or fiat currency.

All transactions move directly from payer to payee — peer-to-peer, in Bitcoin only.

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Our mission is to provide a secure, transparent payment infrastructure for nightlife, lifestyle, and other businesses that traditional processors often exclude.

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Regulatory Classification Statement

SatsPay operates as a software service provider, not a money transmitter or financial institution.

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Under the FinCEN Guidance on Convertible Virtual Currency (FIN-2019-G001) and prior interpretations (FIN-2014-R001):

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• SatsPay does not convert Bitcoin to or from fiat currency.

• SatsPay does not receive or transmit money or monetary value for others.

• Payments are completed directly between customers and merchants.

 

Accordingly, SatsPay is not required to register as a Money Services Business (MSB) with FinCEN and is not subject to state money-transmitter licensing.

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Future custodial functionality (Phase 2 – SatsPay Accounts) will be implemented only through licensed institutional partners such as BitGo Trust Company or Fireblocks, with all balances held in segregated Bitcoin sub-wallets under their existing trust and regulatory frameworks.

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SatsPay will maintain this non-custodial structure unless and until a licensed custodian relationship is formally executed.

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Compliance Practices

Even though SatsPay is exempt from MSB registration, we voluntarily adhere to recognized AML, KYC, and KYT standards, including:

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• Verification of all merchants and business accounts.

• Transaction-monitoring and risk scoring to detect suspicious activity.

• Record retention consistent with FinCEN recommendations.

• Immediate cooperation with lawful information requests from authorities.

• Prohibited-use policy restricting illegal activity or sanctioned jurisdictions.

 

These safeguards allow merchants and customers to transact with confidence while maintaining Bitcoin’s privacy and security advantages.

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Terms of Use – Key Points

(Full Terms available via link below)

• All payments processed through SatsPay are Bitcoin transactions and are final, non-reversible, and non-refundable once confirmed.

• Merchants determine their own refund and pricing policies.

• SatsPay provides technology only and is not a bank or custodian.

• Users agree to comply with applicable laws, including AML and data-protection regulations.

• SatsPay may suspend service for fraudulent, abusive, or unlawful use.

 

Privacy Policy – Key Points

(Full Privacy Policy available via link below)

• We collect only information required for account verification, billing, and operational support.

• We never sell or share personal information for marketing purposes.

• Transaction data (TxIDs, timestamps, amounts) is logged solely for reconciliation and audit purposes.

• All data is encrypted in transit and at rest.

• Users may request access, correction, or deletion of personal information consistent with applicable law.

 

Transparency Commitment

SatsPay is built on a simple principle: Every payment is provable, every participant is protected.

We publish this page to ensure regulators, merchants, and users understand exactly how SatsPay operates and what standards we follow.

If our business model or custody structure ever changes, this page will be updated promptly with a new effective date.

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Contact – Legal & Compliance

Kevin A. CaronFounder & Managing MemberSatsPay Financial Services Co. LLCcontact@satspay.cash www.SatsPay.cash727-282-4610 (Office) 469-919-7071 (Cell)

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