Deposit Money From a Wallet

Users can connect or use their existing crypto wallet to deposit supported stablecoins into Beam Pay.

Peer-to-Peer Transfers via iMessage

Users can send stablecoins directly to other Beam Pay users through iMessage using our integration.

Payments via QR Codes

Users can scan QR codes to initiate and complete stablecoin payments quickly and securely.

User Capacity

You must have the legal capacity to enter into a contract and use Beam only if it is legal in your jurisdiction. Although we do not impose a strict age requirement, we urge users to be at least 18 years old (or the age of majority where they reside) and to have parental consent when younger.

Individuals and Small Businesses

Beam may be used by natural persons or individuals running small businesses. By using Beam on behalf of a business, you represent that you are authorised to bind that business to these Terms.

Account Registration

You must register an account with Beam using passkeys. You agree to:

• Provide accurate information, including your public Ethereum address and any optional social identifier. We store this information in our database to facilitate transactions.
• Maintain control of your private keys, passkeys and devices. Do not share them with anyone. You are responsible for safeguarding your account and any activity that occurs under it. If you suspect unauthorised access, contact us immediately.

Compliance and Verification

Beam does not currently require full know‑your‑customer (KYC) or anti‑money‑laundering (AML) verification. However, we reserve the right to require additional information or documentation to comply with applicable law. Under the GENIUS Act, stablecoin issuers are subject to KYC/AML and monthly disclosures. Similar requirements may apply to Beam in the future, and we may suspend or terminate accounts that do not comply.

P2P transfers are irreversible

Consumer advice notes that once a P2P payment is sent, it is almost impossible to recover; the service typically will not refund authorised transactions. Beam therefore urges you to double‑check the recipient's address and amount before confirming a transfer.

Send only to trusted parties

You should not use the service to send money to strangers or businesses you do not trust. Beam has no control over the actions of other users and is not liable for delays or non‑delivery of payments due to recipients' actions, network congestion or the failure of the recipient to enrol or provide a valid wallet.

Risk of scams and fraud

P2P apps are frequently targeted by scammers. The Consumer Action guide warns that P2P apps cannot reverse mistaken transfers and may only reimburse unauthorised transactions if reported promptly. Beam is not responsible for losses resulting from scams, social‑engineering attacks or your negligence. Be sceptical of requests from unknown parties and never share your passkeys.

Network and operational risks

Blockchain networks can experience congestion, high transaction fees, software bugs or forks; stablecoin protocols may be subject to cyber‑attacks, fraud or legal uncertainty. Paxos' terms note that stablecoin issuers have no control over the underlying blockchain and cannot guarantee their security or availability. Beam is not liable for any loss arising from network issues, smart contract vulnerabilities, algorithmic failures, market volatility or actions of stablecoin issuers or relay providers.

Self‑custody and smart conduct

Beam does not hold your stablecoins. Keep backups of your wallets and use hardware wallets where possible. We expect users to be "smart about transacting money to anyone anywhere," as requested by the user. Regularly monitor your transactions and transfer unused balances to secure wallets.

No current fees

Beam does not presently charge transaction fees for standard transfers. We reserve the right to introduce fees in the future and will notify you of any such changes. Stablecoin transactions may incur blockchain network (gas) fees or relay provider fees, which are outside our control.

Taxes

Stablecoin transactions may be treated as taxable events in some jurisdictions. The KPMG report notes that stablecoin transactions are treated as property transfers, meaning gains or losses could arise if the value of the stablecoin changes. You are solely responsible for determining and paying any taxes associated with your use of Beam.

Information we collect

We collect and store your public Ethereum address and, if provided, your chosen social identifier. We may also collect device data, IP addresses, log information and other information necessary to operate the service. We may disclose your information to third parties to complete transactions, prevent fraud or comply with legal requirements.

Security measures

We prioritise security and implement technical and organisational measures to protect your data. However, no system is infallible. Under Paxos' risk disclosures, third‑party software and blockchain protocols may be vulnerable to bugs or cyber‑attacks, and there is no guarantee they will be secure. You acknowledge and accept these risks.

Third‑party services

Beam uses "Relay by Porto" and other third‑party services to facilitate gasless transactions. We do not warrant that these services are audited or free from vulnerabilities. Use them at your own risk.

No warranty

Beam provides the service "as is" and "as available." We do not warrant that the service will be uninterrupted, timely, secure or error‑free. Beam is not liable for failures beyond our control. We do not guarantee that any transaction will be executed, that stablecoin value will remain stable, or that third‑party services will operate without flaws.

Non‑endorsement

We do not endorse, verify or assume responsibility for any user, recipient, goods or services paid for with Beam. You assume all risk when dealing with other users.

Exclusion of damages

Beam, its founders, employees and affiliates will not be liable for any indirect, incidental, special, consequential or exemplary damages, including loss of profits, goodwill, data or other intangible losses, even if we have been advised of the possibility of such damages. This includes damages arising from hacking, tampering, system outages, smart contract failures, stablecoin devaluation, scams or your own errors.

Capped liability

In jurisdictions where limitation of liability is permitted, Beam's total liability to you for any claims arising under these Terms is limited to the greater of (a) the total fees you paid to Beam for the services in the three months prior to the event giving rise to liability or (b) US$500.

User error

We are not responsible for losses caused by your mistakes, such as sending funds to the wrong address, typographical errors, misinterpreting QR codes or failing to safeguard your passkeys. Beam is not liable for typos or keystroke errors.

Unclaimed funds

If a recipient fails to accept a payment, the transaction may be cancelled and funds returned. We are not liable for any failure of a recipient to claim funds.

Governing law

Beam is provisionally incorporated in India and may also be incorporated in France. These Terms are governed by the laws of India, without regard to conflict of law principles. If you are accessing Beam from another country, you are responsible for compliance with local laws.

Dispute resolution

In the event of any dispute, please contact us first. Most concerns can be resolved informally. If we cannot resolve the dispute, you agree to submit to binding arbitration or mediation in Mumbai, India, unless prohibited by law. You waive the right to participate in a class‑action lawsuit.