Faqs / Security

Security

Is it legal?

Lite Fintech is legally established in the USA and executes all its transactions exclusively within the territory of the United States of America, where the exchange of currencies between individuals and companies is absolutely free.

Lite Fintech has the exclusive and authorized use of the technology, software, domains, brand and any other related on the MeDo platform, so when we mention the Platform, MeDo Platform or MeDo, it will be understood that we are referring to the rights of which Lite Fintech is holder under a license agreement granted by MercaDolar, Inc.

We are 100% compliant with U.S. financial rules and regulations and are proactive in investigating any suspected fraud or illegal transactions attempted through our systems.

How do you handle my personal information?

Lite Fintech will at all times safeguard your personal data, never sell or distribute your personal information without proper authorization. We take all necessary steps to safeguard the physical security of our data and servers to ensure the privacy of your personal information. If you still have questions, please review our Privacy Policy: https://medopay.com/politica-de-privacidad/

Can I give you access or share my account with someone else?

Lite Fintech seeks to provide a safe and reliable marketplace for its users at all times. For this reason, it is not allowed to share accounts with other registered and unregistered users, i.e. each account is non-transferable. If any suspicious activity is determined on any account, it will be suspended. Lite Fintech seeks to provide a safe and reliable marketplace for its users at all times. For this reason, it is not allowed to share accounts with other registered and unregistered users, i.e. each account is non-transferable. If any suspicious activity is determined on any account, it will be suspended.

Can I see in my profile a list of all my transactions?

Yes, from the section “Transaction History” you will be able to see the list of all the operations carried out and to take control of your operations and money availability, for it we put to your disposition a model of statement of account. 

What security does Lite Fintech offer through the MeDo platform when registering my US bank account through the modalities offered on the platform?

Lite Fintech interoperates with the Application Programming Interface (API) through Plaid Inc, in the US bank account registration process on the .

When you enter your online banking credentials, Plaid establishes an encrypted connection with the bank you register on the MeDo platform. These flows were designed to provide you with security and as an easy alternative to entering static account numbers and routing. Once this connection is established using security parameters we obtain the data we need to provide our service without direct access to your bank account or credentials.

Must I sign the Custody Agreement at the time of registration on the Platform?

Lite Fintech offers the escrow service and in order to guarantee the provision of the same at the time of registering in the MeDo platform you must accept the Terms and Conditions established in the “Escrow Agreement”, with our Financial Partner Prime Trust. 

Can I buy or sell cash dollars?

We are establishing commercial alliances in different countries to offer the service of reception and delivery of cash. Our clients are the priority, that is why, as soon as this service is available we will inform you.

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