Common use of Your User Account Clause in Contracts

Your User Account. 5.1. If You wish to participate in the Services You are required to deposit money into Your User Account. By accepting these Terms and Conditions You warrant that You are the rightful owner of the money which You at any time deposit in Your User Account. Details of how to deposit funds can be found in the FAQ section of the Website. 5.2. If You use a payment option in respect of which You are not the account holder, we reserve the right to treat any deposit into Your User Account as being invalid (and any Winnings arising from such deposit as void) pending the satisfactory completion of all relevant ID Checks. 5.3. By depositing funds into Your User Account, You direct us, and We agree to hold them, along with any Winnings, for the sole and specific purpose of using them: 5.3.1. to participate in the Gaming Products and Services; 5.3.2. to settle any fees or charges that You might incur in connection with Your participation in the Gaming Products and Services. We shall be entitled to suspend or close Your User Account if we reasonably consider, or have reason to believe, that You are depositing funds without any intention to participate in the Gaming Products and Services. In such circumstances, we may also report this to the relevant authorities. 5.4. In accordance with the requirements of the Isle of Man Gambling Supervision Commission’s regulations on the protection of customer funds, we are obliged to inform You about what happens to funds we hold on account for You, and the extent to which such funds are protected in the event of our insolvency. We hold all customer funds or funds deposited by You to Your User Account wholly separate from other Company funds in a legally designated client account. This means that the monies in Your User Account are protected in the event of insolvency, and can be repatriated to You. 5.5. We do not offer credit. Any participation in the Gaming Products and Services must be supported by sufficient funds in Your User Account. We reserve the right to void participation in the Gaming Products and Services which may have inadvertently been accepted when Your User Account does not have sufficient funds to support such participation. 5.6. If we incur any charge-backs, reversals or other charges in respect of Your User Account, we reserve the right to charge You for the relevant amounts incurred. For the avoidance of doubt Your Account shall not be used by You as a bank account and, should we become aware of deposits into and withdrawals from Your User Account without participation in the Gaming Products and Services, we reserve the right to deduct an administration charge (whether or not we close or suspend Your Account). Funds deposited with Us in Your User Account shall not attract interest. 5.7. We may at any time set off any positive balance on Your User Account against any amount owing by You to Us for any reason, including but not limited to, re-settling of Bets / Stakes, payment errors or negative balances. 5.8. To the extent required by Your local law or tax or other authorities You are responsible for reporting Your Winnings and losses (where applicable) arising from Your activities on our Website. 5.9. All Winnings will be credited to the balance of Your User Account, subject to verification.

Appears in 3 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

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Your User Account. 5.1. If You wish to participate in the Services You are required to deposit money into Your User Account. By accepting these Terms and Conditions You warrant that You are the rightful owner of the money which You at any time deposit in Your User Account. Details of how to deposit funds can be found in the FAQ section of the Website. 5.2. If You use a payment option in respect of which You are not the account holder, we reserve the right to treat any deposit into Your User Account as being invalid (and any Winnings winnings arising from such deposit as void) pending the satisfactory completion of all relevant ID Checks. 5.3. By depositing funds into Your User Account, You direct us, and We we agree to hold them, along with any Winningswinnings, for the sole and specific purpose of using them: 5.3.1. to participate in the Gaming Products and Services; 5.3.2. to settle any fees or charges that You might incur in connection with Your participation in the Gaming Products and Services. We shall be entitled to suspend or close Your User Account if we reasonably consider, or have reason to believe, that You are depositing funds without any intention to participate in the Gaming Products and Services. In such circumstances, we may also report this to the relevant authorities. 5.4. In accordance with the requirements of the Isle of Man Gambling Supervision Commission’s regulations on the protection of customer funds, funds we are obliged to inform You about what happens to funds we hold on account for You, and the extent to which such funds are protected in the event of our insolvency. We hold all customer funds or funds deposited by You to Your User Account wholly separate from other Company company funds in a legally designated client account. This means that the monies in Your User Account are protected in the event of insolvency, and can be repatriated to You. 5.5. We do not offer credit. Any participation in the Gaming Products and Services must be supported by sufficient funds in Your User Account. We reserve the right to void participation in the Gaming Products and Services which may have inadvertently been accepted when Your User Account does not have sufficient funds to support such participation. 5.6. If we incur any charge-backs, reversals or other charges in respect of Your User Account, we reserve the right to charge You for the relevant amounts incurred. For the avoidance of doubt Your Account shall not be used by You as a bank account and, should we become aware of deposits into and withdrawals from Your User Account without participation in the Gaming Products and Servicescommensurate gaming activity, we reserve the right to deduct an administration charge (whether or not we close or suspend Your Account). Funds deposited with Us us in Your User Account shall not attract interest. 5.7. We may at any time set off any positive balance on Your User Account against any amount owing by You to Us us for any reason, including but not limited to, re-settling of Bets / Stakesbets, payment errors or negative balances. 5.8. To the extent required by Your local law or tax or other authorities You are responsible for reporting Your Winnings winnings and losses (where applicable) arising from Your activities on our Website. 5.9. All Winnings winnings will be credited to the balance of Your User Account, subject to verification.

Appears in 1 contract

Samples: Terms and Conditions

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