Terms of use

Who we are

ProcureAI is run by PROCUREAI TECHNOLOGIES (RC 99763666), a company registered in Nigeria with the Corporate Affairs Commission.

What ProcureAI is

ProcureAI helps a buyer get quotes from vendors, checks each vendor's business registration and bank account, and pays the chosen vendor in two stages: usually 30% once the buyer's money is held and 70% on delivery. A seller's first 3 completed orders start with 10% and 90%, while they build a track record. Large orders get a check by a person before the first payment.

We are not a party to the sale. The contract for the goods is between the buyer and the vendor. We arrange the checks and the payments, and keep a record of both.

Who moves the money

Payments are collected and paid out by a payment processor licensed by the Central Bank of Nigeria; the privacy policy names it. Your transfer goes to an account the processor opens for that one purchase. We never hold your money in a ProcureAI bank account, and we never earn interest on it.

The payment processor's own terms apply to the payment itself.

Your account

Keep your password to yourself. You are responsible for what is done with your account until you tell us it has been misused.

Vendors must give true business details. We check them on every purchase a vendor is considered for, and we remove vendors who give false details.

The marketplace

Sellers can list what they sell, with photos and prices. A seller is responsible for their listings being true, legal, and theirs to sell. We remove listings that are misleading, illegal, counterfeit, or unsafe, and may close the seller's account.

You never pay a seller directly from a listing. Requesting from a listing opens a normal ProcureAI purchase, with the same checks, the same held payment, and the same delivery code.

A listed price is the seller's guide. The price you pay is the one in the seller's quote, which you see before you approve.

Fees

ProcureAI is free while we run pilots. Before we charge anything, we will show the fee on the screen before you approve a purchase. Vendors cannot pay to be ranked higher.

What we are not responsible for

We check that a vendor's payout account belongs to them: for a registered business, against its CAC record; for a seller without a CAC registration, with their bank. We do not inspect goods. Use the delivery code, the photos and the problem report to protect yourself, as described on the refunds page.

The AI that reads quotes can make mistakes. Read the vendor's own words, which we always show next to our reading of them.

Contact

Write to hello@procureai.com.ng.