Terms of service

Terms


THIS AGREEMENT CONSTITUTES THE TERMS AND CONDITIONS UNDER WHICH THE ISSUER "INSTANTEXCHANGE" WILL PROVIDE ITS SERVICES TO USER. IT EXPLAINS THE RIGHTS AND OBLIGATIONS OF USER TO THE SERVICES PERFORMED BY INSTANTEXCHANGE.NET

IT IS IMPORTANT FOR USER TO REVIEW THE AGREEMENT STATED IN THIS TERMS AND CONDITIONS CAREFULLY. REGISTRATION OF ACCOUNT UNDER INSTANTEXCHANGE.NET WEBSITE MEANS USER HAS READ CAREFULLY, UNDERSTANDS AND FULLY ACCEPTS ALL TERMS AND CONDITIONS PROVIDED IN THIS AGREEMENT.

INSTANTEXCHANGE.NET RESERVES THE RIGHT TO AMEND PERIODICALLY THIS TERMS AND CONDITIONS. THE REVISED VERSION OF INSTANTEXCHANGE.NET TERMS AND CONDITIONS TAKES EFFECT IMMEDIATELY WE POST ON OUR WEBSITE. YOUR CONTINUED USE OF INSTANTEXCHANGE.NET SERVICE AND ACCOUNT CREATED WITH US SHALL ESTABLISHED YOUR PRIOR AGREEMENT TO USE OF OUR SERVICE.

1. DEFINITION OF TERMS

1.1. Issuer: Means InstantExchange, a company that is registered to provide e-commerce service and operates any form of e-business services. 

1.2. Us/We/Our:  company that is registered with Corporate Affairs Commission.

1.3. User: Means a person, whether individual or legal entity that creates an account with instantexchange and is consider as the sole owner of account created on our website.

1.4. Account: Means electronic account created by the user on www.instantexchange.net to perform electronic funding and electronic payment service.

1.5. Service: Means an electronic funding/payment service.

1.6. Website: Means the Internet website portal, available at www.instantexchange.net.

1.7. E-currency: It means electronic currency and is a means of exchange with which can be use to make and receive payments.

2. CONDITIONS OF USE.

2.1. In order to use InstantExchange e-currency exchange services User must first open a User Account by registering on www.instantexchange.net. As part of the signup process User needs to accept these Terms of Use, Issuers Privacy Policy and Anti-Money Laundry Policy.

2.2. User may only open one Account per valid e-mail address.

3. TRANSACTIONS AND OPERATIONS.

3.1. Instantexchange.net function is to provide the transaction fulfillment and/or the following operations, access to the information about the transaction in the instantexchange.net admin portal and to carry out the transactions or any of its parts by the User within 24 hours a day, 7 days a week and 365 days a year.

3.2. The payment made by the User is subject to current rate on the website at the time he/she place order on instantexchange.net system. The payment for the services is only carried out by the User according to the instantexchange.net services rates. However, we have the right to change the service rate without prior notification.

3.3. Aside from the established service rate, in an instance that fees and commissions are involved on the electronic payment system or banks, the User pays all the fees and commissions, done on the basis of business relation with instantexchange.net. These additional expenses are written off by Us in non-acceptance manner from the monetary funds of the User which are in the disposal of instantexchange.net.

3.4. User is responsible for the functionality and usability of the devices - Desktop, Laptop, Tablet PC, Smart Phones and/or some other facilities necessary for the access to the transaction settlement system through instantexchange.net. We will not be held responsible for the losses or damage that occured as a result of inability of the User to use his own facilities and/or some of its elements and/or the absence of the necessary full or partial functionality of the facilities or its elements.

3.5. Any claim on the part of the User of improper fulfillment of User instructions by instantexchange.net must be brought to Our notice by the User not later than seven (7) business days after the date instantexchange.net was given the corresponding instructions.

3.6. Instantexchange.net is not responsible for any loss and/or damage, resulting from a delay in bank payments fulfillment or electronic money transfer of the User where the day of sending or the days after sending are not working days in the country of the instantexchange.net partner-participant, that is the receiver.

3.7. Instantexchange.net is not responsible for mistakes, omissions or delays of payments made by banks, serving instantexchange.net partners-participants, by a correspondent bank or e-payment system as well as it is not responsible for the consequences caused by their financial state.

3.8. Instantexchange.net will not be held liable for any mistakes in an event where User mistakenly supplied wrong account details on our website.

3.9. Instantexchange.net has a right to limit the access of the User to Our website without prior notification of the User, at the same time instantexchange.net is not responsible for any indirect, special, unpredictable or consequent loss or damage.