Terms and Conditions

General Provision 

 1) The Company does not own any of the Websites and cannot be held liable for the transactions concluded on the Websites other than those related to Cwalletco Services, the acts or omissions of the owners, managers or administrators of the Websites or any other liabilities they may have against users, third parties or authorities. 

 2) The  Cwalletco  Service allows the Payers to use various methods of Payment, accepts the Payers’ Payments, confirms the Payments for the Payee and transfers these Payments to the Payee’s account, with respect to transactions concluded via the Website. The available Payment methods are displayed in the Transaction Panel. 

 3) Each Payment initiated on the  Cwalletco  Service is assigned a unique Payment number. The Payer should keep the number for the purpose of checking the Payment status as well as complaint procedures. 

 4) The Payer is given a limited amount of time to make the Payment on the  Cwalletco  Service which is provided in the Transaction Panel. Within this time, the  Cwalletco  Service is awaiting confirmation of the Payment. Upon receiving confirmation, the Payer is informed via the  Cwalletco  Service and/or the Payee’s system that the Payment has been made properly. 

 5) The Payer making a Payment using the Transaction Panel can track their transaction history, including amounts, dates and related Payees in his/her account. 

 6) The Company does not guarantee real-time Payment processing in the event of a malfunction of a Payment method chosen by the Payer, Payment method’s systems maintenance breaks, Payment attempts made outside of the given bank’s internal transfer posting hours, or adjustments carried out by an intermediary, affecting the functioning of the  Cwalletco  Service. Any claims from the Payer resulting from the aforementioned circumstances should be submitted to the provider of the payment method used by the Payer, in accordance with their agreement and the applicable laws. 

 7) The Company does not guarantee real-time Payment processing in the event of not following the instructions given in the Transaction Panel during the processing of Payment.         

8) Unless otherwise required by the applicable laws, the Company does not give access to any identification data (personal information, addresses, company information) of the Users, without the permission of the User. Any personal data is used solely for the purpose of processing returns or refunds and performing  Cwalletco  Services. 

 9) The Company reserves the right to place a hold on any funds pursuant to an investigation and if required may issue chargebacks or reversals to your account and any balance therein. 

 10) The Payers are not entitled to any interest from the funds accumulated within  Cwalletco  Balance. 

 11) The Users represent that they are either an individual, a corporation or an unincorporated entity with statutory legal capacity under the applicable laws. 

 12) Certain Payees may offer the Payers a Recurring Payment option. By selecting said Recurring Payment option the Payer agrees that a Payment shall be drawn on a regular recurring basis, as chosen by the Payer, and that the Payment shall be repeatedly drawn for an undefined period of time unless earlier terminated by the Payer. The Payer agrees that he/she may terminate the Recurring Payments at any time, however any Payment that is Pending may not be stopped. The Company reserves the right, at its sole discretion, to terminate any Recurring Payment. The Payer acknowledges that a Payee may terminate a Recurring Payment at any time and for any reason. Moreover, in the instance that a single Recurring Payment is selected by a Payer to go to multiple Payees, the termination by any one Payee, shall not terminate the entire Recurring Payment but rather shall serve to reduce the Recurring Payment amount by a portion of the Recurring Payment intended for the said Payee. 

 13) The Company reserves the right to take any action it deems appropriate, including the modification or termination of an account suspension and/or termination, of any User who engages in conduct that the Company determines in its sole discretion is abusive, harmful, objectionable or violates any of the Terms and Conditions, applicable laws, rules, regulations or the Privacy Policy. 

 14) The Company declares that it is the owner of the software and hardware required for running  Cwalletco  Service and may involve subcontractors to maintain the functioning of  Cwalletco  Service. 

  Cwalletco  Coins and  Cwalletco  Balance 

 1) Each User may purchase  Cwalletco  Coins ("Coins") with funds available on  Cwalletco  Balance, PayPal account or Credit Card payment, provided that the PayPal account or Credit Card have been connected with the User’s  Cwalletco  account. Any purchased Coins will be deposited into the purchasing User’s account. The balance of Coins will be shown in " Cwalletco  " currency in the  Cwalletco  Balance of the User. 

 2) Each User can create his/her own  Cwalletco  Balance. Funds accumulated within  Cwalletco  Balance can be used to make payments. 

 3) Purchased Coins or  Cwalletco  Balance Funds may be used on the  Cwalletco  Service and subject to the limitations set forth herein, Coins or  Cwalletco  Balance Funds may be freely transferred between Users. 

 4) A User may not send Coins or  Cwalletco  Balance Funds above EUR 2,000 in value within a single month. The maximum number of separate Coin or  Cwalletco  Balance Funds transfers that may be made by a User is limited to 20 transfers per day. The Company reserves the right to impose further transaction limits on the purchase and/or transfer of Coins or  Cwalletco  Balance Funds. 

 5) Coins may be acquired or redeemed in the following currencies: EUR, USD, PLN, ARS, GBP, CAD, RON, CZK, KRW, CLP, JPY, BRL, TRY, INR, RUB, HUF, NZD, CNY, CHF, THB, MXN, SEK, DKK, COP, NOK, SAR, VND, SGD, TWD, AED, ZAR, PHP, PEN, EGP, HKD, KWD, JOD, PAB, MYR. 

 6) If the intended recipient of Coins or  Cwalletco  Balance Funds is not a User, the receiving person shall click on the link received from the sending User via SMS and will be redirected to  Cwalletco  website in order to complete their registration and create an account. 

 7) If after a period of seven (7) days any transferred Coins or  Cwalletco  Balance Funds remain unclaimed they shall be returned to the User who initiated the transfer of the unclaimed Coins or  Cwalletco  Balance Funds. 

 8) The availability of Coins or  Cwalletco  Balance Funds may be limited in your jurisdiction by local law or regulation. By using Coins or  Cwalletco  Balance Funds you agree that you are familiar with all laws and regulations in your jurisdiction and you shall indemnify and hold  Cwalletco  harmless for any breach, violation of law or legal action resulting from your use of Coins or  Cwalletco  Balance Funds. 

 9) The Company reserves the right to take any action it deems appropriate, including account suspension and/or termination, of any User who engages in conduct that the Company determines in its sole discretion is abusive, harmful, objectionable or violates any of the Terms and Conditions or applicable laws 

 10) Provision of  Cwalletco  Coins or  Cwalletco  Balance Funds does not envisage supply of any product by the Company to the Payer but is aimed at increasing the customer experience of the Payer. Any amounts which may be granted by the Company or the Payees to the Payers in a form of Promotional cashback are to be used by the Payer for the purchase of a product from a Payee. Therefore, any liabilities related to these products should remain with the Payee (including, but not limited to any taxes applicable for the products). 

 Final Provisions 

 1) Activities performed on the  Cwalletco  Service do not constitute any banking activities. Registration on the  Cwalletco   Service does not constitute the opening of a bank account. 

 2) The Company may from time-to-time or at any time revise, update or modify (collectively referred to as a "revision") as it deems appropriate the Table of Fees and  CwalletcoTerms and Conditions by giving 30 days’ notice ("notice period") of any revision with the revision taking effect once the notice period has passed. The notice period does not apply where a revision is required by law or relates to the addition of a new service, additional functionality or any other revision which neither reduces the User’s rights nor increases the User’s responsibilities. In such instances, the revision will be made without prior notice to the User and shall be effective immediately. If the User does not accept a revision, the User must close his/her account with  Cwalletco  Service. If the User does not object to a revision by closing the associated account within the notice period, the User shall be deemed to have accepted the revision and shall be bound to it. 

 3) It is not permitted to use the  Cwalletco  Service to process payments for any illegal goods or services, specifically ones that violate the property rights of third parties, or are not allowed for sale within the European Union, or to use it to process payments for access to pornographic materials. 

 4) Any person using the  Cwalletco  Service to process payments hereby gives the Company consent for the processing of their personal data, solely for the purposes of the operations of the  Cwalletco   Service. 

 5) The Company is the administrator of the personal data. The usage of  Cwalletco  Services is subject to the acceptance of  Cwalletco  Privacy Policy available. By using the Cwalletco  Services, you represent that you have read and agreed with the  Cwalletco  Privacy Policy available at the date of the Payment, as it may be amended from time to time. 

 6) All Users hereby give consent to receive Payment confirmations via email, the contents of which are left to the Website’s policy. 

 7) For avoidance of any doubt the Company does not supply the User with any products which may be offered by the Payee, but merely processes the payments for such Products. Any liabilities related to any transactions made via  Cwalletco  Services remain with the Payer and Payee respectively. 

 8) Without the prior written consent of  Cwalletco  , you shall have no power to assign, or otherwise transfer your rights, if any, hereunder, and any assignment attempted without such consent shall be void. Should any provision of these Terms and Conditions be held to be void, invalid, unenforceable or illegal by a court, the validity and enforceability of the other provisions shall not be affected thereby and you and  Cwalletco  consent to judicial modification of the affected provision to the least extent necessary to preserve its original intent. Failure of either party to enforce any provision hereof shall not constitute or be considered as a waiver of such provision or of the right to enforce that or any other provisions.