Legal
Terms of Service
These Terms govern your access to and use of MIDAS Business Ecosystem (the “Platform”), operated by Midas Business Group S.L.. By creating an account or using the Platform you agree to these Terms.
1. Who we are
The Platform is operated by Midas Business Group S.L., a company registered in Spain (tax ID B13977913), with registered office at Calle Paraguay 33, 35109 El Tablero (Las Palmas), Spain (“MIDAS”, “we”, “us”). You can reach us at support@midasbusiness.net.
2. Acceptance & eligibility
By registering, accessing or using the Platform you confirm that you are at least 18 years old, have the legal capacity to enter into a contract, and accept these Terms together with our Privacy Policy, Cookie Policy and Refund & Cancellation Policy. If you use the Platform on behalf of a company, you represent that you are authorised to bind that company. Membership is also subject to the quality standard set out in section 6 (“Reputation & standards”).
3. Your account
Membership is by application or invitation. You are responsible for the accuracy of the information you provide, for keeping your credentials confidential, and for all activity under your account. Notify us immediately of any unauthorised use. We may refuse, suspend or close accounts that breach these Terms or that we reasonably believe pose a risk to the Platform or other members.
4. Membership tiers & billing
MIDAS offers free and paid account tiers. Paid subscriptions (for example Business — from €99/mo, and Legacy Investor tiers) are billed in advance on a recurring basis (monthly or yearly) through our payment processor, Stripe. Prices are shown at checkout and may include applicable taxes (IVA/VAT).
- Your subscription renews automatically at the end of each billing period until cancelled.
- You authorise us (via Stripe) to charge your payment method for each renewal at the then-current price.
- We may change prices with reasonable prior notice; changes apply from your next billing period.
- Failed payments may lead to retries, downgrade or suspension of paid features.
- Point-of-sale (POS) fee: businesses on the Momentum tier and above may accept payments through the MIDAS point-of-sale. A platform fee of €0.25 per transaction applies to every sale processed through the POS, worldwide. This fee is borne by the business and billed as metered usage in addition to the subscription. Private marketplace listings are free; promoted business listings are subject to the quotas of your tier.
- Legacy add-on portals: a Legacy Investor account includes two (2) full-strength Sovereign business portals. Any further business linked to a Legacy account must also be provisioned as a full-strength Sovereign portal and is billed as a recurring add-on at €2,490 per month per additional business, on the same billing cycle as the Legacy subscription and continuing until that business is unlinked or the subscription ends.
Cancellations, refunds and the statutory right of withdrawal are described in our Refund & Cancellation Policy.
5. The MIDAS network — representatives, commissions & payouts
All accounts can earn commissions by introducing members, venues or businesses to the ecosystem, or through QR-based sales and Experiences. If you participate:
- Commissions are calculated by the Platform from actual, settled transactions attributed to you, according to the rates shown in your portal, and recorded in an auditable ledger.
- Earnings are not a salary, wage or guaranteed income. They depend entirely on real activity you generate and may be zero.
- Payouts are made through Stripe Connect. To receive payouts you must complete Stripe's onboarding and identity/KYC verification and provide a valid bank account. We may withhold, delay, adjust, reverse or claw back amounts to correct errors, refunds, chargebacks, fraud or breaches of these Terms.
- You are solely responsible for declaring and paying any taxes and social-security contributions arising from amounts you receive.
- Nothing in these Terms creates an employment, partnership or agency relationship between you and MIDAS.
6. Reputation & standards — the 3.5 rule
MIDAS is a curated, reputation-based business network. Members represent one another and the MIDAS brand, so admission and continued membership are conditioned on verifiable service quality. This is a founding principle of the Platform: on a business network where members are introduced to one another, reputation is the currency.
- Minimum standard (3.5). To be admitted and to remain in the network, a business or professional must maintain a minimum average public rating of 3.5 out of 5 across the review platforms we assess — which may include Google, TripAdvisor and comparable services. Where a business appears on several platforms, we may combine those scores into a single weighted average.
- Newly established businesses. If you are newly established and no meaningful public rating yet exists, we may admit you provisionally and review your standing once sufficient ratings become available.
- Ongoing assessment. We periodically assess publicly available ratings and reviews relating to your business to confirm continued eligibility. By joining, you acknowledge and agree that we may do so. We assess only information that is lawfully and publicly accessible; we never ask you to surrender the login credentials of any third-party platform, and we do not scrape data you are not entitled to share.
- Falling below the standard, or abuse. If your average rating falls and stays below 3.5, or if we identify abuse, fraud, misrepresentation, or conduct that harms members or the MIDAS brand, we may suspend or remove you from the MIDAS network. Where circumstances reasonably allow, we will give you notice and a fair opportunity to address the issue before removal; serious cases may result in immediate removal.
- Human review. A decision to suspend or remove a member is taken under human review and is not made solely by automated means. Ratings are indicative signals of quality, not the sole determinant.
Thresholds and the sources we assess may evolve as the network grows; any material change will be notified under section 16. If we suspend or remove you, you will not lose your work — see section 14 for how your data is packaged and returned to you.
7. Marketplace & dealings with third parties
The Platform connects members, businesses, operators and investors and may surface listings, deals, services and Experiences offered by third parties. Unless expressly stated, MIDAS acts as an intermediary and is not a party to agreements you enter into with other members or third parties. We do not guarantee the quality, legality, safety or accuracy of third-party offerings, and we are not responsible for their performance. You transact with others at your own risk and should carry out your own due diligence.
8. Acceptable use
You agree not to:
- use the Platform for unlawful, fraudulent, misleading or harmful purposes;
- infringe others' intellectual-property, privacy or other rights;
- upload malware, attempt to gain unauthorised access, scrape, reverse-engineer or disrupt the Platform;
- misrepresent your identity, attribution codes, reviews, ratings or earnings; or
- circumvent fees, attribution, KYC or any security measure.
9. Intellectual property
The Platform, the MIDAS name and logo, and all associated software, design and content are owned by MIDAS or its licensors and are protected by law. We grant you a limited, non-exclusive, non-transferable, revocable licence to use the Platform for its intended purpose. You retain rights to content you submit but grant us a licence to host and process it to operate the Platform.
10. Third-party services
The Platform integrates third-party services (including Supabase, Vercel and Stripe, and optional integrations you connect). Your use of those services may be subject to their own terms and privacy policies. We are not responsible for third-party services outside our control.
11. Disclaimers
The Platform is provided “as is” and “as available”. To the fullest extent permitted by law, we disclaim all warranties, express or implied, including fitness for a particular purpose and non-infringement. We do not warrant that the Platform will be uninterrupted, error-free or secure. Nothing on the Platform constitutes financial, investment, legal or tax advice.
12. Limitation of liability
To the fullest extent permitted by law, MIDAS shall not be liable for indirect, incidental, special, consequential or punitive damages, or for loss of profits, revenue, data or goodwill. Our total aggregate liability arising out of or relating to the Platform shall not exceed the amounts you paid to us in the twelve (12) months preceding the event giving rise to the claim. Nothing limits liability that cannot be limited under applicable law (including your mandatory rights as a consumer).
13. Indemnity
You agree to indemnify and hold MIDAS harmless from claims, losses and expenses arising from your breach of these Terms, your content, or your unlawful use of the Platform.
14. Suspension, termination & your data
You may stop using the Platform and cancel paid subscriptions at any time as described in the Refund & Cancellation Policy. We may suspend or terminate access if you breach these Terms, if you fall below the standard in section 6, if required by law, or to protect the Platform or its members. On termination, licences granted to you end; provisions that by their nature should survive (including sections 5, 6, 9, 11–13 and 15) will survive.
You keep your work. If we suspend or close your account, you will not be locked out of what is yours. On request — and except where we are legally prevented — we will package the personal data and business content associated with your account into a downloadable, machine-readable export so you can take it elsewhere. This reflects your right to data portability under the GDPR (see our Privacy Policy). We may retain certain records where the law requires it — in particular accounting and tax records — as described in the Privacy Policy.
15. Governing law & disputes
These Terms are governed by the laws of Spain, without prejudice to the mandatory consumer-protection rights of your country of residence in the EU. Disputes shall be subject to the competent courts of Spain, unless mandatory law provides otherwise. EU consumers may also use the European Commission's Online Dispute Resolution platform at ec.europa.eu/consumers/odr.
16. Changes & contact
We may update these Terms from time to time. Material changes will be notified through the Platform or by email; the “last updated” date above reflects the current version. Continued use after changes take effect constitutes acceptance. Questions: support@midasbusiness.net.
Questions about this document? Contact us at support@midasbusiness.net.