E-MONEY ACCOUNT an electronic record inside the System which allows to identify the Client, execute Transactions and contains information on the Transactions performed by the Client.
E-MONEY ACCOUNT. 11.1 E-money Account will be established automatically upon loading funds thereon. Following successful establishment of the Wallet, You will be able to load Your E-money Account. Depending on the method of loading, a Fee may be applied by Us, as detailed in the Product Information, and/or by other payment service provider involved in the completion of Your E-money Transaction. You are responsible to consider the other payment service providers’ additional charges before loading funds or initiating Your E-money Transaction.
E-MONEY ACCOUNT. 1. This chapter regulates the manner of functioning of the e-money account through which Aforti provides issuance of electronic money services and payment services for the Client “Account”.
2. The Client uploads e-money to his Account by login in the Platform and following the relevant uploading instructions.
3. Uploaded e-money will be credited to Client’s Account after the funds have been received by Aforti.
4. The Account does not bear interest and is not opened as an IBAN (International Bank Account Number Format);
5. The Account is opened as a multi-currency Account. Aforti may in its own discretion restrict the usage of certain currencies.
6. The Account provides following possibilities subject to restrictions specified in herein GTC:
a. inbound/outbound payment transactions (wire transfers) from/to Accounts with other service providers (payment institutions, electronic money institutions, banks) via payment settlement systems (such as SEPA, SWIFT, local clearing systems);
b. inbound/outbound transaction from/to other Accounts in Aforti;
c. transactions with Cards;
d. Other services as made available by Aforti subject to the provisions of this GTC.
E-MONEY ACCOUNT. 4.1.1. The E-money account can be opened to a natural person who :
4.1.1.1. a resident in one of the EEA countries; and
4.1.1.2. have the full legal capacity to enter into an agreement; and
4.1.1.3. is 18 years old or over.
4.1.2. When the Company accepts the Client as set forth in these T&C, the Company shall open the E- Money Account for the Client.
4.1.3. The Client’s rights in connection with E-Money Account are limited exclusively to execute Transactions to Client’s or other user’s accounts held with the Company, to receive and keep funds, transfer funds to Clients or other persons owned payment accounts opened with another legally licensed payment service provider, settling amounts due to the Company for the Services provided under these T&C, reviewing the balance and other financial information of the E-Money Account, withdraw funds from the E-Money Account in the manner established in these T&C. The Client agrees that the Client will not be able to control or manage the E-Money Account otherwise than stated in these T&C.
4.1.4. The Client by opening the E-Money Account undertakes:
4.1.4.1. to take all reasonable steps to keep the Security Credentials safe;
4.1.4.2. to contact the Company immediately without the undue delay when becoming aware of any loss, theft, misappropriation or unauthorised use of the E-Money Account or Security Credentials.
4.1.5. The Client agrees that access to and use of the E-Money Account may be interrupted and the Services may be limited or unavailable from time to time because of operational maintenance, update, upgrade, errors of the system or other reasons including those that are beyond the Company’s control.
4.1.6. The Client will be notified in advance, at least in 5 Business Days about any regular or possible operational maintenance, update or upgrade of the System that may limit access to or use the Services.
4.1.7. The Client can supplement E-Money Account following the means listed below:
4.1.7.1. by transferring funds to the Client (Payee) E-Money Account from Client’s (as Payer) or other Payer’s payment account, opened in the Company or another legally licensed payment service provider;
4.1.7.2. by transferring funds when using debit or credit card, issued in the name of the Client;
4.1.7.3. by using other methods allowed in the System.
4.1.8. If funds are kept in the E-Money Account in different currencies, then the currency exchange rates are published on the Company website or provided in the annex to thes...
E-MONEY ACCOUNT. 4.1.1. The E-money account can be opened to a natural person who:
4.1.1.1. is a resident in one of the EEA countries; and
4.1.1.2. has the full legal capacity to enter into an agreement; and
4.1.1.3. is 18 years old or over.
4.1.2. The Company will publish requirements for legal entity eligibility once and when the Company will open possibility to sign up for legal entities.
4.1.3. When the Company accepts the Client as set forth in these T&C, the Company shall open the E-Money Account for the Client.
4.1.4. The Client’s rights in connection with E-Money Account are limited exclusively to execute Transactions to Client’s or other user’s accounts held with the Company, to receive and keep funds, transfer funds to Clients or other persons owned payment accounts opened with another legally licensed payment service provider, settling amounts due to the Company for the Services provided under these T&C, reviewing the balance and other financial information of the E-Money Account, withdraw funds from the E-Money Account in the manner established in these T&C. The Client agrees that the Client will not be able to control or manage the E-Money Account otherwise than stated in these T&C.
4.1.5. The Client by opening the E-Money Account undertakes:
4.1.5.1. to take all reasonable steps to keep the Security Credentials safe;
4.1.5.2. to contact the Company immediately without the undue delay when becoming aware of any loss, theft, misappropriation or unauthorised use of the E-Money Account or Security Credentials.
4.1.6. The Client agrees that access to and use of the E-Money Account may be interrupted and the Services may be limited or unavailable from time to time because of operational maintenance, update, upgrade, errors of the system or other reasons including those that are beyond the Company’s control.
4.1.7. The Client will be notified in advance, at least in 5 Business Days about any regular or possible operational maintenance, update or upgrade of the System that may limit access to or use the Services.
4.1.8. The Client can supplement E-Money Account following the means listed below:
4.1.8.1. by transferring funds to the Client (Payee) E-Money Account from Client’s (as Payer) or other Payer’s payment account, opened in the Company or another legally licensed payment service provider;
4.1.8.2. by transferring funds when using a debit or credit card, issued in the name of the Client;
4.1.8.3. by using other methods allowed in the System (for example, using c...
E-MONEY ACCOUNT has sufficient and unrestricted Balance in the currency of the payment order (except cases when Transaction is executed from the credit line funds provided under separate agreement by the Company or a third party).
