US Business Card Terms

Last updated: April 2, 2026

IMPORTANT — PLEASE READ THESE TERMS CAREFULLY. BY ACTIVATING OR USING YOUR DOLAFY CARD, YOU AGREE TO BE BOUND BY THESE US BUSINESS CARD TERMS (THE “CARD TERMS”). IF YOU DO NOT AGREE, DO NOT ACTIVATE OR USE THE CARD.

THIS AGREEMENT CONTAINS AN ARBITRATION PROVISION (SECTION 15) REQUIRING ALL DISPUTES TO BE RESOLVED THROUGH BINDING ARBITRATION ON AN INDIVIDUAL BASIS. PLEASE READ THAT SECTION CAREFULLY.

1. Introduction

These US Business Card Terms (“Card Terms”) are entered into between you (“you,” “your,” or “Cardholder”) and AETERNUM CAPITAL LTDA, doing business as Dolafy (“Dolafy,” “we,” “us,” or “our”), with respect to the Dolafy Visa Prepaid Card (“Card”) issued to you. The Card is issued by a regulated financial institution (“Issuer”) under license from Visa U.S.A. Inc. (“Visa”). Dolafy is a financial technology company and is not a bank. Banking services are provided by the Issuer.

These Card Terms are in addition to the Dolafy Terms of Service and the Dolafy Privacy Policy available at dolafy.com/legal/privacy. In the event of a conflict between these Card Terms and the Dolafy Terms of Service, these Card Terms will control with respect to matters relating to the Card.

2. Defined Terms

As used in these Card Terms, the following terms have the meanings set forth below:

“Account” or “Dolafy Account” means your account with Dolafy through which you access and manage your Card and funded balance.

“Authorized User” means any individual you authorize to use the Card or a Card number on your behalf.

“Available Balance” means the amount of funds loaded onto your Dolafy Account and available for use with the Card at any given time.

“Card” means the Dolafy Visa Prepaid Card issued to you under these Card Terms, including any physical or virtual card.

“Cardholder” means the individual or business entity to whom the Card is issued.

“Charge” or “Charges” means any purchase, transaction, fee, or other amount charged to or applied against your Card.

“Dolafy Account” means your funded account with Dolafy, the balance of which determines your spending limit.

“Issuer” means the regulated financial institution that issues the Card under license from Visa.

“Merchant” means any retailer, vendor, or other entity that accepts Visa cards for payment.

“PIN” means the Personal Identification Number assigned to or selected by you for use with the Card.

“Spending Limit” means the maximum amount you may charge to the Card, as determined by Dolafy based on the Available Balance in your Dolafy Account.

“Visa” means Visa U.S.A. Inc. or its applicable affiliate.

3. Funding

Your Dolafy Card is a prepaid card. You must load funds onto your Card before making purchases. Your spending limit corresponds to the available balance in your Dolafy Account. You must maintain sufficient funds in your Dolafy Account to cover all Charges. If your account balance is insufficient, transactions may be declined.

3.1. Loading Funds. You may load funds onto your Dolafy Account using the methods made available by Dolafy from time to time. Dolafy reserves the right to set minimum and maximum load amounts and to limit the frequency of loads.

3.2. Spending Limit. Your Spending Limit is determined by the Available Balance in your Dolafy Account. Dolafy may impose additional limits on the amount or frequency of transactions at its sole discretion.

3.3. Balance Inquiries. You may check your Available Balance at any time by logging into your Dolafy Account at dolafy.com or through the Dolafy application.

3.4. Negative Balances. In certain circumstances, such as when a Merchant submits a transaction after authorization or when fees are assessed, your account balance may become negative. You are responsible for any negative balance and must promptly load sufficient funds to bring your balance to zero or above. Dolafy reserves the right to suspend or terminate your Card if you maintain a negative balance.

4. Eligibility

4.1. To be eligible for the Card, you must: (a) have a valid Dolafy Account in good standing; (b) be a legal entity organized under the laws of one of the fifty United States or the District of Columbia, or an individual operating a bona fide business in the United States; (c) satisfy all applicable Know Your Customer (KYC) and Know Your Business (KYB) verification requirements; and (d) agree to and comply with these Card Terms and the Dolafy Terms of Service.

4.2. This Card is intended for business use only and is not intended for personal, consumer, or household use. By activating or using the Card, you represent and warrant that the Card will be used exclusively for bona fide business purposes.

4.3. Dolafy reserves the right to approve or deny Card applications at its sole discretion and to revoke Card privileges at any time.

5. Use of the Card

5.1. Primary Purpose. The primary purpose of the Card is to facilitate corporate expenses and other corporate purchases. You may use the Card to make purchases at Merchants that accept Visa cards, subject to your Available Balance and any Spending Limits.

5.2. Authorized Users. You may authorize other individuals to use the Card on your behalf. You are responsible for all Charges made by Authorized Users. You must ensure that all Authorized Users comply with these Card Terms.

5.3. Card Activation. The Card must be activated before use in accordance with the instructions provided by Dolafy. By activating the Card, you agree to these Card Terms.

5.4. Virtual Cards. Dolafy may issue virtual Card numbers for use in online or card-not-present transactions. Virtual cards are subject to the same terms and conditions as physical cards.

5.5. International Transactions. The Card may be used for transactions outside the United States where Visa is accepted. International transactions may be subject to foreign currency conversion fees and exchange rate markups as described in Section 7.

5.6. ATM Withdrawals. If enabled by Dolafy, you may use the Card to withdraw cash from ATMs that display the Visa or Plus logos, subject to applicable fees and daily withdrawal limits.

6. Prohibited Uses

6.1. You may not use the Card for any purpose that is unlawful, fraudulent, or prohibited by these Card Terms, the Dolafy Terms of Service, or Visa rules. Without limiting the foregoing, you may not use the Card:

(a) For personal, family, or household purposes;

(b) For any transaction that violates applicable federal, state, or local law, or the laws of the jurisdiction where the transaction occurs;

(d) For any transaction identified on the Dolafy prohibited activities list at dolafy.com/legal/prohibitions;

(e) To make purchases from Merchants in jurisdictions subject to comprehensive sanctions maintained by the United States government;

(f) To engage in money laundering, terrorist financing, or other financial crimes;

(g) To circumvent any Spending Limit or other restriction imposed by Dolafy or the Issuer;

(h) For any cash advance unless expressly permitted by Dolafy;

(i) For transactions at gambling establishments, unless expressly permitted;

(j) For purchases of money orders, traveler’s checks, or other cash equivalents, unless expressly permitted by Dolafy.

6.2. Dolafy reserves the right to decline any transaction that it reasonably believes may violate these Card Terms or applicable law.

7. Fees

7.1. Card Fees. Dolafy may charge fees in connection with the issuance and use of the Card. A current schedule of fees is available in your Dolafy Account and at dolafy.com. Dolafy reserves the right to change the fee schedule upon thirty (30) days’ prior notice.

7.2. Foreign Transaction Fees. Transactions made in a currency other than U.S. dollars will be converted to U.S. dollars by Visa at Visa’s then-current exchange rate. A foreign transaction fee may apply as disclosed in the fee schedule.

7.3. ATM Fees. If ATM access is enabled, ATM withdrawals may be subject to fees charged by Dolafy and/or the ATM operator.

7.4. Replacement Card Fees. A fee may be charged for issuing a replacement physical Card.

7.5. Other Fees. Additional fees may be charged as disclosed in the fee schedule or as otherwise permitted by applicable law.

7.6. All fees will be deducted from your Available Balance. If your Available Balance is insufficient to cover fees, your balance may become negative, and you are responsible for restoring a non-negative balance.

8. Representations and Warranties

8.1. You represent and warrant that: (a) all information provided to Dolafy in connection with your application for the Card is true, accurate, and complete; (b) you are authorized to enter into these Card Terms on behalf of the business entity, if applicable; (c) you will promptly update your information if it changes; and (d) you will comply with all applicable laws and regulations in connection with your use of the Card.

8.2. You represent and warrant that the Card will be used solely for bona fide business-related Charges and transactions, and not for personal, family, or household purposes.

8.3. You acknowledge that certain consumer protection laws, such as the Credit Card Accountability Responsibility and Disclosure Act of 2009 (“CARD Act”) and certain provisions of the Electronic Fund Transfer Act, do not apply to business cards. By agreeing to these Card Terms, you acknowledge that you may not have the benefit of certain consumer protections in connection with your use of the Card.

9. Statements and Transaction History

9.1. You may access your transaction history and statements through your Dolafy Account at dolafy.com. You are responsible for reviewing your statements and transaction history promptly and regularly.

9.2. You must notify Dolafy of any unauthorized or incorrect transaction within sixty (60) days of the date the transaction first appears on your statement or transaction history. Failure to notify Dolafy within this period may limit your rights with respect to such transaction.

9.3. Dolafy may provide periodic statements electronically. You consent to electronic delivery of statements and other notices related to the Card.

10. Unauthorized Transactions and Errors

10.1. If you believe your Card has been lost or stolen, or that an unauthorized transaction has been made using your Card, you must notify Dolafy immediately by contacting support@dolafy.com.

10.2. You are responsible for safeguarding your Card, Card number, PIN, and any other security credentials. You are liable for all authorized transactions and for unauthorized transactions that result from your failure to safeguard your Card or credentials.

10.3. Upon receiving notice of a lost or stolen Card, Dolafy will promptly deactivate the Card and issue a replacement. You will not be liable for unauthorized transactions made after you notify Dolafy, provided you have not acted negligently or fraudulently.

10.4. Dolafy will investigate reported unauthorized transactions and errors in accordance with applicable law and Visa rules. Dolafy may provide provisional credit during the investigation period at its discretion.

11. Suspension and Termination

11.1. Suspension. Dolafy may suspend your Card or Dolafy Account at any time, with or without notice, if: (a) Dolafy suspects unauthorized or fraudulent activity; (b) you are in breach of these Card Terms or the Dolafy Terms of Service; (c) your Dolafy Account has a negative balance; (d) required by applicable law or regulation; or (e) requested by the Issuer or Visa.

11.2. Termination by You. You may terminate your Card at any time by contacting Dolafy at support@dolafy.com. Termination will be effective upon processing by Dolafy. You remain responsible for all Charges incurred prior to termination and for any negative balance.

11.3. Termination by Dolafy. Dolafy may terminate your Card at any time for any reason upon notice to you. Termination will not relieve you of any obligations incurred prior to termination.

11.4. Effect of Termination. Upon termination, your Card will be deactivated and you may no longer use it for transactions. Any remaining Available Balance will be returned to you in accordance with Dolafy’s then-current procedures, less any outstanding fees or amounts owed.

12. Limitation of Liability

12.1. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, DOLAFY, THE ISSUER, AND VISA SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE CARD.

12.2. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE AGGREGATE LIABILITY OF DOLAFY ARISING OUT OF OR RELATED TO THESE CARD TERMS SHALL NOT EXCEED THE TOTAL FEES PAID BY YOU TO DOLAFY DURING THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

12.3. DOLAFY SHALL NOT BE LIABLE FOR: (a) ANY MERCHANT’S REFUSAL TO ACCEPT THE CARD; (b) ANY MALFUNCTION OF THE CARD OR CARD PROCESSING SYSTEM; (c) ANY DELAY OR FAILURE IN PROCESSING A TRANSACTION; (d) ANY ACTIONS TAKEN BY THE ISSUER OR VISA; OR (e) ANY FORCE MAJEURE EVENT.

12.4. THE LIMITATIONS IN THIS SECTION SHALL APPLY REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE, AND EVEN IF DOLAFY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

13. Indemnification

You agree to indemnify, defend, and hold harmless Dolafy, the Issuer, Visa, and their respective officers, directors, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) your use of the Card; (b) your breach of these Card Terms; (c) your violation of any applicable law or regulation; or (d) any Charge made by you or any Authorized User.

14. Dispute Resolution with Merchants

14.1. If you have a dispute with a Merchant regarding a transaction made with the Card, you should first attempt to resolve the dispute directly with the Merchant.

14.2. If you are unable to resolve the dispute with the Merchant, you may contact Dolafy at support@dolafy.com to initiate a chargeback or dispute process in accordance with Visa rules. You must provide all information and documentation requested by Dolafy to support your dispute.

14.3. Dolafy will process disputes in accordance with applicable Visa rules and regulations. The outcome of any dispute is subject to Visa’s dispute resolution procedures and is not guaranteed.

15. Arbitration Agreement

15.1. Agreement to Arbitrate. You and Dolafy agree that any dispute, claim, or controversy arising out of or relating to these Card Terms or the use of the Card (collectively, “Disputes”) shall be resolved exclusively through final and binding arbitration administered by the American Arbitration Association (“AAA”) under its Commercial Arbitration Rules, rather than in a court of law.

15.2. Waiver of Jury Trial. BY AGREEING TO ARBITRATION, YOU AND DOLAFY EACH WAIVE THE RIGHT TO A TRIAL BY JURY.

15.3. Waiver of Class Actions. ALL DISPUTES SHALL BE RESOLVED ON AN INDIVIDUAL BASIS. YOU AND DOLAFY EACH WAIVE THE RIGHT TO PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE PROCEEDING. The arbitrator may not consolidate the claims of more than one party and may not preside over any form of representative or class proceeding.

15.4. Arbitration Procedures. The arbitration shall be conducted by a single arbitrator. The arbitration shall be held in San Juan, Puerto Rico, or at another location mutually agreed upon by the parties. The arbitrator shall apply the substantive law of the Commonwealth of Puerto Rico, without regard to its conflict-of-law principles.

15.5. Costs. Each party shall bear its own costs and attorneys’ fees in connection with the arbitration, except as otherwise required by applicable law or as awarded by the arbitrator.

15.6. Exceptions. Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation, or violation of intellectual property rights.

15.7. Severability. If any provision of this arbitration agreement is found to be unenforceable, that provision shall be severed, and the remainder of the arbitration agreement shall remain in full force and effect.

16. Governing Law

These Card Terms shall be governed by and construed in accordance with the laws of the Commonwealth of Puerto Rico, without regard to its conflict-of-law principles, except to the extent preempted by federal law.

17. Privacy

Your use of the Card is subject to the Dolafy Privacy Policy, available at dolafy.com/legal/privacy. By using the Card, you consent to the collection, use, and disclosure of your information as described in the Privacy Policy. Dolafy may share your information with the Issuer, Visa, and their respective service providers as necessary to provide and administer the Card.

18. Communications

18.1. You consent to receive communications from Dolafy electronically, including by email, push notification, or through your Dolafy Account. Electronic communications from Dolafy satisfy any legal requirement that such communications be in writing.

18.2. You may contact Dolafy regarding the Card at support@dolafy.com.

19. Amendments

Dolafy reserves the right to amend these Card Terms at any time. Dolafy will provide notice of material amendments at least thirty (30) days before they become effective, by email or through your Dolafy Account. Your continued use of the Card after the effective date of any amendment constitutes your acceptance of the amended Card Terms. If you do not agree to the amended Card Terms, you must stop using the Card and terminate your Card in accordance with Section 11.2.

20. Assignment

You may not assign or transfer your rights or obligations under these Card Terms without the prior written consent of Dolafy. Dolafy may assign or transfer its rights and obligations under these Card Terms without your consent, upon notice to you.

21. Severability

If any provision of these Card Terms is found to be invalid or unenforceable by a court of competent jurisdiction or an arbitrator, that provision shall be enforced to the maximum extent permissible, and the remaining provisions shall remain in full force and effect.

22. Waiver

The failure of Dolafy to enforce any provision of these Card Terms shall not constitute a waiver of such provision or the right to enforce it at a later time.

23. Entire Agreement

These Card Terms, together with the Dolafy Terms of Service and the Dolafy Privacy Policy, constitute the entire agreement between you and Dolafy with respect to the Card and supersede all prior or contemporaneous agreements, representations, and understandings, whether written or oral, relating to the Card.

24. Contact Information

If you have any questions about these Card Terms or the Card, please contact us at:

Dolafy Email: support@dolafy.com Website: dolafy.com

The Dolafy Visa Prepaid Card is issued by the Issuer pursuant to a license from Visa U.S.A. Inc. Dolafy is a financial technology company and is not a bank.