Terms of use

ABFPAY.COM LTD. (ABFPAY.COM) shall provide services to its Customer on the terms specified in this agreement.

The present Terms of Use is a general document governing relationship between the ABFPAY.COM LTD. and the Customer. This document stipulates the rights and obligations of the Parties arising from operations provided by ABFPAY.COM insofar as not provided for by individual (other) contracts between the Parties or the relevant provisions of other documents. The conditions shall be applicable where specific aspects are not stipulated in the contracts between the Parties or in the relevant provisions of other documents or they are ambiguous so that disputes or differences arise between the Parties regarding the contents, form and performance of transactions. The Terms of Use form an integral part of every legal transaction between the Parties and shall be binding on both Parties. Customer’s signature (also electronically signed) on any of the ABFPAY.COM documents (contract, agreement, duly executed forms, etc.) confirms that they have read the Terms of Use in their entirety, agree to them and admit them to be binding on them without a separate signature on these conditions. Along with the Terms of Use, the relationship between the Parties is governed by contracts existing between the Parties, the Price List, Risk Disclaimer, Privacy Note, Cookie Policy, Complaint Handling Procedure as well as generally accepted financial technology laws and practices.

Please familiarize yourself with the terms below as they contain all significant aspects of relations between ABFPAY.COM LTD. and its Customers as well as describe important issues and aspects of using our services.

Definitions

For the purposes of the Terms of Use the defined terms shall have the following meanings, unless the context expressly provides otherwise:

ABFPAY.COM LTD. shall mean the company incorporated and operating under the laws of Canada, Company number: BC1237659. LEI number: 98450066WA5576FEB573. DnB D-U-N-S #: 24-330-1333.having registered office at 777 Hornby Street, Suite 600, Vancouver, British Columbia, V6Z 1S4, Canada, hereinafter referred to as “we”, “us”, “our”, “ABFPAY.COM”, and “Company”).
Account shall mean the Customer’s electronic money and payment account to be opened, or opened, and operated and maintained within the Company’s System.
Agreement shall mean this Terms of Use and any other agreement between Company and the Customer regarding provision of Services and amendments to it.
Business Day shall mean a day other than a Saturday, Sunday or a public holiday in Canada.
Customer is a natural person or a legal entity with full legal capacity that uses, has used or has expressed a wish to use or is in any way connected with any Services provided by Company, or an association of such persons or entities, which are related to the Company (also referred to as “you”, “your”).
Electronic Money shall mean money transferred to and held on the Account for execution of the Payment Transactions.
Fees shall mean any charges and/or any commissions for Services payable to the Company by the Customer.
Partiesshall mean the Company and the Customer collectively.
Payment Transaction shall mean deposit, transfer or withdrawal of funds to or from the Account.
Payment Order shall mean an instruction requesting for execution of the Payment Transaction.
Services shall mean any and all of the services provided by the Company to the Customer within the scope of this agreement and/or other valid contracts, including execution of Payment Transactions, foreign exchange services, issuing payment instruments, as well as creating and maintaining User Account, creating and maintaining Account, other operations as may be required for the Account to function correctly.
System shall mean a software solution in the Internet network at Company, used to provide the Services of the Company.
User Account shall mean the Customer’s record created at Company via the registration form. The record contains a package of data enabling the Customer’s identification for provision of the Company’s Services. Account shall mean also the personal cabinet of a Customer for all necessary correspondence between Company and Customer.

Now, therefore, you (hereinafter, the Customer) and Company (hereinafter, the Company) enter into the Agreement on the following terms:

  1. You have carefully read and fully understood the Terms of Use of the Company and agree to comply with them;
  2. By visiting the Company website and continuing the use of the Company service/downloading the software, you confirm that you are a person of lawful age, capable, not disqualified and can be independently liable for your decisions and actions;
  3. Company software is provided to you for free under a personal, non-exclusive, free, non-transferable, non-sub licensable, revocable license for the purpose of access to and transfer of your assets;
  4. The Company shall preserve the right to modify the terms hereof at its own discretion at any moment. The Company shall send you the information on the changes or new terms on your Account via our Services. If after the modifications are made, you perform any actions clearly and directly signifying your consent to the new terms (by clicking the “I Agree” button or ticking the box next to the modified terms, or continuing to access or use the Company services), these actions shall express your consent to the new terms and confirm your readiness to use the Service’s potential and functionality on the new terms. We recommend regular review of this Agreement;
  5. By receiving further access to the Company services and functions, you agree to comply with these terms of the Agreement and all provisions we published at Company, including the Privacy Notice, the Cookie Policy. If you refuse to accept the terms, please stop using the Company service and all functions provided at Company.
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