Risk Disclosure

1. You hold your own keys

Your Bitcoin sits in a Lexe wallet that only you control. Zaptrain never holds, controls or can move your funds; the credentials you give us can only create Lightning payment requests (BOLT11) and read payment status. That also means we cannot recover your wallet, reverse a payment or restore access if you lose your Lexe recovery backup. Keep the backup Lexe gives you (for example the encrypted Google Drive backup) somewhere safe. If it is lost, your funds may be lost permanently.

2. Lexe is a separate company

Lexe Corporation runs your wallet's node, provides its liquidity and sets its own fees (see Lexe's pricing page; its fee for receiving payments through Zaptrain is included in the Zaptrain platform fee, but Lexe may charge for other things such as sending, channels or liquidity, and may change its pricing). If Lexe is down, changes its terms or fees, limits your inbound capacity or stops offering the integration Zaptrain relies on, you will not be able to receive payments through Zaptrain until it is restored. Lexe states that you can close your channels and withdraw your Bitcoin even if Lexe shuts down; that recovery is between you and Lexe. Read Lexe's documentation and privacy policy before relying on it.

3. Fees are deducted from each payment

The Zaptrain platform fee (1% of each paid invoice, or your promotional rate, with Lexe's receive fee included) is taken out of each payment before it is credited to your wallet. The amount that lands in your wallet is therefore the invoice total less 1%. Price your goods accordingly.

4. Price volatility

Invoices are denominated in satoshis. Bitcoin's price in dollars or any other currency can move sharply within minutes. The value of a payment when you spend or convert it may be much higher or lower than when you issued the invoice. Zaptrain does not convert to fiat, lock a rate or hedge.

5. Payments are final

A settled Lightning payment cannot be reversed by you, by Zaptrain or by Lexe. There are no chargebacks. If you owe a customer a refund, you must send it yourself from your wallet. Confirm you are able and willing to do that before selling refundable goods. Equally, a customer who pays the wrong invoice or amount cannot be automatically refunded by the network.

6. Payments can fail or be delayed

Lightning payments route through third-party nodes. A payment can fail because of insufficient liquidity, routing errors or node outages, and a customer may need to retry. Lightning payment requests generated by Zaptrain expire after 30 minutes; the payment page issues a fresh one automatically, but a customer who copied an old request may see it fail. Payment status shown in Zaptrain depends on Lexe's notifications reaching us; a short delay between the payment settling and Zaptrain showing it as paid is normal. Check your wallet if in doubt.

7. Nobody screens your payers

Lightning payments do not carry the payer's identity. Zaptrain does not identify, verify or screen the people who pay you, and cannot block payments from particular people or places. You are responsible for knowing your customers to the extent your business and the law require, and for your own sanctions and anti-money-laundering compliance.

8. Software risk

Zaptrain, Lexe, the Lightning Network and Bitcoin are software and can contain bugs or vulnerabilities. Zaptrain is a small, new service. We take reasonable measures to secure it, but we cannot guarantee it will operate without error or interruption. If Zaptrain's stored copy of your credentials were ever compromised, an attacker could create invoices in your name but could not spend your funds — provided you gave us receive-only credentials, as the Terms require. You can revoke those credentials at any time in the Lexe app.

The same applies to anything you connect. If you authorize an AI assistant or another application, whatever it does with that grant — including creating invoices for the wrong amount or the wrong customer — happens under your account and is your responsibility. Connect only what you trust, and revoke it under Settings → Developer settings → Connected apps when you are done.

9. Your account decides where the money goes

The credential you connect tells Zaptrain which wallet to create payment requests for. Anyone who can sign in to your Zaptrain account can replace it with a credential for a different wallet, and payments on invoices created after that will arrive in that wallet instead of yours.

Nothing is taken out of your wallet and no Lightning payment is reversed. The money simply never reaches you, and neither Zaptrain nor Lexe can recover a payment that went somewhere else. This is the reason your Zaptrain password matters as much as your wallet backup: use one you use nowhere else.

We email you whenever the connected wallet changes, whenever your password changes, and every time an invoice is paid — and the payment email names the wallet the money went into. Read those, and check the connected wallet shown in Settings if a payment you expected has not arrived. These emails cannot be turned off.

10. Legal and regulatory risk

The treatment of Bitcoin payments — tax, licensing, consumer protection, sanctions — differs by country and state and is changing. A future law or interpretation could restrict or tax your use of the Service, or ours. You are responsible for understanding and following the rules that apply to you. If we are required to withdraw the Service from a jurisdiction, funds already in your wallet are unaffected because we never hold them.

11. Taxes

Receiving Bitcoin for goods or services is generally a taxable event, and later spending or converting it may be another. Zaptrain does not calculate or withhold taxes and does not issue tax forms unless the law requires it. Keep your own records; the invoice history in your dashboard and API can help.

12. No insurance

Bitcoin in your wallet is not insured by the FDIC, SIPC or any similar scheme. Loss through theft, fraud, key loss or software error is generally unrecoverable.

13. Not advice

Nothing on the Service or in our communications is financial, investment, legal or tax advice. Decide with your own advisers whether accepting Bitcoin suits your business.

14. Acknowledgment

By accepting the Terms at signup or continuing to use the Service, you confirm you have read and understood this disclosure and accept these risks.

If anything here is unclear, ask before you rely on the Service: support@zaptrain.com, or use the support form.