TERMS OF SERVICE

1. INTRODUCTION

These Terms of Service ("Terms") govern your access to and use of the SwapX platform, website and related services (the "Service"). The Service is operated by ETNERA LTD, a private limited company incorporated under the laws of Cyprus, with its registered office at: Neofytou Nikolaidi & Theodorou Kolokotroni, Onisiforou Center, 2nd Floor, Agios Theodoros, 8011 Paphos, Cyprus. Company registration number: HE480731 ("SwapX", "we", "us", "our"). By accessing or using the Service, you confirm that you have read, understood and agree to be legally bound by these Terms. If you do not agree, you must not use the Service.

2. DEFINITIONS

For the purposes of these Terms:

  • "Items" – virtual in-game items ("skins") used in Counter-Strike 2 and transferable via the Steam platform.
  • "User", "you" – a natural person using the Service.
  • "Steam" – the digital distribution platform operated by Valve Corporation.
  • "Transaction" – the sale of Items by the User to SwapX.
  • "Trade Protection Period" – a period of eight (8) calendar days following acceptance of a trade on Steam during which the User may initiate a reversal under Steam's trade protection mechanism.
  • "Business Day" – a day other than a Saturday, Sunday or public holiday in Cyprus.

3. SCOPE AND NATURE OF THE SERVICE

3.1. SwapX operates as a principal. When you sell Items through the Service, you enter into a direct Transaction with SwapX.

3.2. SwapX is not a marketplace, broker, agent, escrow provider, payment institution or electronic money institution.

3.3. SwapX does not:

  • hold, safeguard or store User funds,
  • maintain User balances or accounts with funds,
  • accept deposits of fiat or cryptocurrency.

3.4. All Item transfers are executed exclusively through Steam. SwapX is not affiliated with Valve Corporation or Steam.

4. ELIGIBILITY

4.1. You must be at least 18 years old and have full legal capacity to enter into binding agreements.

4.2. You may only use the Service if such use is lawful in your jurisdiction.

4.3. You are solely responsible for compliance with all applicable laws, including any tax obligations arising from Transactions.

5. USER ACCOUNT AND SECURITY

5.1. Access to the Service requires authentication via your Steam account.

5.2. You are solely responsible for:

  • maintaining the security of your Steam account,
  • safeguarding access credentials,
  • all actions performed through your account.

5.3. SwapX shall not be liable for losses resulting from unauthorized access to your Steam account.

6. USER REPRESENTATIONS AND WARRANTIES

By using the Service, you represent and warrant that:

a) you are the lawful owner of the Items;

b) the Items are not stolen, encumbered or subject to third-party claims;

c) the Items were not obtained through fraud, abuse or violation of Steam's terms;

d) you act on your own behalf and not for a third party.

7. TRANSACTION FLOW AND CONDITIONAL ITEM TRANSFER

7.1 Transaction Formation

A Transaction is initiated when you accept a trade offer on Steam transferring Items to SwapX.

7.2 Conditional Transfer and Trade Protection

7.2.1. The transfer of Items is conditional and subject to Steam's Trade Protection mechanism.

7.2.2. During the Trade Protection Period:

  • the User may unilaterally initiate a reversal of the Transaction,
  • SwapX has no technical ability to prevent such reversal.

7.2.3. Until expiration of the Trade Protection Period without reversal, the Transaction is considered pending.

8. PAYOUTS AND DEFERRED PAYMENT

8.1. SwapX's obligation to execute a payout arises only after:

  • expiration of the Trade Protection Period, and
  • confirmation that no reversal has occurred.

8.2. During the Trade Protection Period:

  • no payout obligation exists,
  • no funds are allocated, held or reserved for the User.

8.3. SwapX does not hold User funds at any time. A payout constitutes a new payment obligation arising only after Transaction finalization.

9. USER-INITIATED REVERSALS

9.1. If the User initiates a reversal during the Trade Protection Period:

  • the Transaction is deemed null and void,
  • SwapX has no obligation to execute a payout,
  • the User waives any claims against SwapX arising from such reversal.

9.2. If a reversal occurs after payout due to exceptional circumstances, SwapX reserves the right to:

  • recover the paid amount,
  • offset it against future payments,
  • suspend further payouts,
  • pursue legal remedies.

10. PRICING AND FEES

10.1. Prices are determined by SwapX at its sole discretion.

10.2. SwapX earns remuneration through pricing spreads or service fees included in the offered price.

10.3. Prices may change at any time prior to acceptance of a Transaction.

11. KYC AND AML

11.1. SwapX applies a risk-based and proportional KYC approach.

11.2. Identity verification may be required prior to payout, including verification of ownership of the payment method.

11.3. Failure to complete required verification may result in payout refusal or delay.

12. SANCTIONS AND RESTRICTED JURISDICTIONS

12.1. The Service is not available to persons subject to EU, UN, OFAC or UK sanctions or located in high-risk jurisdictions.

12.2. Use of VPNs, proxies or identity-obfuscating technologies is prohibited.

13. PROHIBITED ACTIVITIES

You must not:

  • use bots, scrapers or automated tools,
  • exploit vulnerabilities or bugs,
  • engage in fraud, money laundering or abuse,
  • create multiple accounts to manipulate pricing,
  • provide false or misleading information.

14. RECORDS AND EVIDENCE

The User acknowledges that SwapX's system records, logs, timestamps, transaction IDs, Steam trade confirmations and internal monitoring data constitute prima facie evidence of Transactions, their timing and status, unless proven otherwise.

15. CONSUMER RIGHTS (EU)

15.1. By initiating a Transaction, you expressly request immediate digital performance and acknowledge that the statutory right of withdrawal does not apply once execution begins, where permitted by applicable law.

15.2. Nothing in these Terms limits mandatory consumer rights under applicable law.

16. SUSPENSION AND TERMINATION

SwapX may suspend or terminate access to the Service if:

  • a violation of these Terms is suspected,
  • fraud or abuse is detected,
  • required verification is not completed.

17. DISCLAIMER

The Service is provided "as is" and "as available". SwapX does not guarantee uninterrupted availability or error-free operation.

18. LIMITATION OF LIABILITY

18.1. To the maximum extent permitted by law, SwapX shall not be liable for indirect, consequential or special damages, including loss of profit or opportunity.

18.2. SwapX's total liability shall not exceed the amount paid to the User in the Transaction giving rise to the claim.

19. INDEMNIFICATION

You agree to indemnify and hold SwapX harmless from any claims, damages or liabilities arising from your breach of these Terms, misrepresentations or unlawful use of the Service.

20. THIRD-PARTY PLATFORM DEPENDENCY

The Service depends on Steam and its technical and policy framework. SwapX is not responsible for actions, decisions or reversals initiated through Steam.

21. GOVERNING LAW AND JURISDICTION

These Terms are governed by the laws of Cyprus, without prejudice to mandatory consumer protections under EU law.

22. ENTIRE AGREEMENT AND LANGUAGE

These Terms constitute the entire agreement between you and SwapX regarding the Service and supersede any prior representations.

In case of discrepancies, the English version shall prevail.

23. AMENDMENTS

SwapX may amend these Terms at any time. Continued use of the Service constitutes acceptance of the amended Terms.

24. CONTACT

Legal and support inquiries: [email protected]

ETNERA LTD · Business Registration Number: HE480731
Neofytou Nikolaidi & Theodorou Kolokotroni, ONISIFOROU CENTER, 2nd floor
Agios Theodoros, 8011 Paphos, Cyprus

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