Please note that your card is not a credit card and is not issued by a bank. Regardless of the type of Card(s) you have, you will own only one account where your available balance is located.

Your Payment Services may not be activated unless we have been provided with the required information so that we may identify you and can comply with all applicable Customer Due Diligence requirements. We shall keep records of such information and documents in accordance with all applicable legal and regulatory requirements.

Reference to a currency (e.g. Euros € or Sterling £) shall mean that amount or the local currency equivalent in which your Card is denominated.

Any Transaction on your Card in a currency other than the currency in which your Card is denominated will require a currency conversion using an Applicable Exchange Rate.

The Available Balance on your Card and/or Account will not earn any interest.

The Payment Services are prepaid payment services and not credit or bank

product, you must therefore ensure that you have a sufficient Available Balance from time to time to pay for your Transactions and applicable Fees. If for any reason a Transaction is processed, and the Transaction amount exceeds the Available Balance, you must repay us the amount of such excess immediately and we shall be entitled to stop any existing or subsequent Transactions from proceeding.

Only persons over 18 years of age are entitled to register for the Payment Services.

Each time you seek to access the Account we will ask for your Access Codes (as defined in Clause 8). As long as the correct Access Codes are entered, we will assume that you are the person giving instructions and making Transactions and you will be liable for them, except to the extent provided for in Clause 8. We can refuse to act on any instruction that we believe: (i) was unclear; (ii) was not given by you; or (iii) might cause us to breach a legal or other duty; or if we believe the Payment Service is being used for illegal purpose.

We will do all that we reasonably can to prevent unauthorized access to the Account. As long as you have not breached the other terms contained in this Clause 3 or Clause 8, we will accept liability for any loss or damage to you resulting directly from any unauthorized access to the Account pursuant to Clauses 14 and 15 of this Agreement.

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