Terms and Conditions
Effective Date: 10/21/2025
Last Updated: 10/21/2025
Welcome to Bips! These Terms & Conditions (“Terms”) govern your use of the Bips website, application, and related services (“Services”) operated by Bips LLC (“we,” “us,” or “our”). By using our Services, you agree to these Terms. If you do not agree, please discontinue use immediately.
1. Overview of Services
Bips provides an AI-powered financial insights platform for small business owners. By securely connecting to your bank accounts via Plaid, Bips analyzes transaction and balance data to help you understand your business performance, cash flow, and financial trends.
2. Eligibility
To use Bips, you must:
Be at least 18 years old,
Have legal authority to agree to these Terms, and
Use the Services only for lawful purposes.
By using Bips, you represent that you meet these requirements.
3. Account Registration
To access certain features, you may need to create an account. You agree to:
Provide accurate and complete information,
Maintain the security of your login credentials, and
Notify us immediately if you suspect unauthorized access.
You are responsible for all activities that occur under your account.
4. Bank Connectivity and Plaid Integration
Bips uses Plaid Inc. to connect your financial accounts securely. By linking your bank or financial institution, you grant Plaid permission to access and transmit your financial data to us, subject to the Plaid Privacy Policy.
We do not store your banking credentials.
We only receive the data Plaid provides (e.g., transactions, account balances, account names) and use it solely for delivering insights and maintaining your Bips experience.
5. Use of Artificial Intelligence
Bips may use AI and large language models (“LLMs”) to generate insights, categorize transactions, and power chat-based interactions.
We do not use your data or chat history to train models.
AI outputs are generated automatically and may contain errors.
You are responsible for evaluating the accuracy and relevance of any AI-provided insights before acting on them.
Bips provides informational insights only and does not provide accounting, investment, tax, or legal advice.
6. Acceptable Use
You agree not to:
Use Bips for illegal, fraudulent, or harmful purposes,
Attempt to access systems or data you are not authorized to,
Interfere with or disrupt the Services,
Reverse engineer or copy any aspect of the Bips platform.
We reserve the right to suspend or terminate access for violations of these Terms.
7. Subscription & Billing
Bips may offer both free and paid plans. Paid subscriptions are billed through secure third-party processors (e.g., Stripe).
By subscribing, you authorize Bips to charge your selected payment method on a recurring basis until you cancel.
All fees are non-refundable unless otherwise stated or required by law.
You can cancel at any time, but cancellation takes effect at the end of the current billing cycle.
8. Data Privacy
Your use of Bips is governed by our Privacy Policy, which explains how we collect, use, and protect your data.
By using our Services, you consent to the collection and processing of your information as described there.
9. Intellectual Property
All content, software, designs, and logos within Bips are owned or licensed by Bips LLC and protected under applicable intellectual property laws.
You are granted a limited, non-transferable, non-exclusive license to access and use Bips for your own business purposes.
You may not copy, modify, resell, or create derivative works from our content or software.
10. Disclaimer of Warranties
Bips is provided “as is” and “as available.”
We make no warranties, express or implied, regarding:
Accuracy or reliability of data or AI-generated insights,
Continuous or error-free operation, or
Suitability for any specific financial purpose.
You use Bips at your own risk.
11. Limitation of Liability
To the fullest extent permitted by law, Bips LLC, its affiliates, and partners will not be liable for:
Any indirect, incidental, or consequential damages,
Loss of profits, data, or business opportunities,
Errors or omissions in the AI-generated information,
Issues arising from third-party integrations (including Plaid or your financial institutions).
Our total liability for any claim arising out of or related to your use of Bips will not exceed the total amount you paid to us in the past 12 months.
12. Indemnification
You agree to defend, indemnify, and hold harmless Bips LLC, its affiliates, officers, and employees from any claims, damages, or losses resulting from:
Your use of the Services,
Violation of these Terms, or
Violation of any applicable law or rights of a third party.
13. Termination
You may stop using Bips at any time.
We may suspend or terminate your access at our discretion if we believe you’ve violated these Terms or pose a security or legal risk.
Upon termination, your right to access the Services ends, and we will delete your account data as outlined in our Privacy Policy.
14. Compliance with Law Enforcement
We may disclose information if required by law, subpoena, or court order, or if we believe such disclosure is necessary to:
Comply with legal obligations,
Protect our rights or users, or
Respond to lawful requests from government or regulatory bodies.
15. Governing Law
These Terms are governed by the laws of the State of Utah, without regard to conflict of law principles.
Any disputes shall be resolved in the state or federal courts located in Utah County, Utah.
16. Updates to These Terms
We may update these Terms from time to time.
When we do, we’ll post the updated version and revise the “Effective Date” above. Continued use of Bips after updates constitutes your acceptance of the new Terms.
17. Contact Us
If you have questions about these Terms or our Services, contact us at: