5.1 The time that it takes for your card balance to be updated when you load your card depends on the method that you use and the time that it takes for the funds to be sent to the Issuer. If the Issuer receives the funds on a business day, your card will be updated with the amount on the same business day. If the Issuer receives the funds on a day that is not a business day, the Issuer will update your balance on the next business day. You can check the transfer time, for example, with your bank or credit card provider if paying from a bank account or credit card.
5.2 When funds are loaded onto your card, the payment is made in the same currency as that of your card. The currency you have used to load your card may be different to that of the card. The exchange will take place at the rate offered by the relevant FX provider, and FX conversion fees may be applied. You accept that the FX conversion rates may not be the best available in the market at the time. Your statement will show the exchange rate used which applied on the date that the card was loaded. Exchange rates may change and the exchange rate which applies when you check may not be the exchange rate that was used to convert your funds to load your card.6. Use of the card
6.1 The card is a prepaid product which can be used to pay for goods and services at retailers that display the Card Scheme symbol. To use the card, present it at the time of payment. Use it in full or part payment of your purchase.
6.2 When you receive your card, you must call +44 (0) 8447 744 502.
(standard rates apply) and input the personal information unless your other card has been lost or stolen and you have reported the loss or theft to us. Alternatively, you can login to your account at the Website and activate your card from there.
6.3 You must not make purchases that exceed the balance of funds available on the card. Your balance will be reduced by the amount of each purchase you make. If any purchase takes you over your available funds or the card limits in force from time to time and set out in condition ATM withdrawal limit the transaction will be declined.
6.4 You can use the card to make purchases in-store, via the internet or over the phone. Virtual cards can be used to make purchases via the internet or over the phone. The plastic card can be used to obtain cash through ATMs. There is no cash back facility. This is not a debit card supported by a bank account and is not in any way connected to a bank account. It is also not a guarantee card, charge card or credit card. You will not earn any interest on any funds loaded on to the card.
You must not use the card for:
6.4.1 transactions at self-service petrol pumps;
6.4.2 transactions for cash (other than ATM withdrawal) including for example cash back, cash from a bank, money orders, traveller’s cheques, foreign exchange, or bureau de change, or
6.4.3 any illegal purposes.
6.5 Your card cannot be used in situations where it is not possible for the supplier to obtain online authorisation that you have sufficient balance for the transaction. For example: transactions on trains, ships, and some in-flight purchases.
6.6 We may stop, suspend or restrict your card or PIN on reasonable grounds relating to:
6.6.1 the security of your card, card number or PIN, and
6.6.2 the suspected unauthorised or fraudulent use of your card or PIN. We will, if possible, inform you before stopping, suspending or restricting your card or PIN that we intend to do so and the reasons for doing this. If we are unable to do so then we will inform you immediately afterwards. The requirement to inform you does not apply where it would compromise reasonable security measures or it would be unlawful to do so.
6.7 We are not responsible for the quality, safety, legality, or any other aspect of any goods or services purchased with the card. We are not liable for the failure of any merchant to honour the card.
6.8 We will not issue the main card under these terms and conditions to anyone under the age of 18 years old.
6.9 We will perform screening of your name against sanctions lists and will verify your identity and your current residential address via documents that will be requested during the onboarding process.
6.10 Card is only available to eligible cardholders, who must be residents in EEA.7. Transactions
7.1 You agree that any use of your card, card number or PIN constitutes your authorisation and consent to a transaction.
7.2 The time of receipt of a transaction order is when it is received by us. If a transaction order is received after 6 pm on a business day then it will be deemed to have been received on the next business day. If receipt does not fall on a business day then it will be deemed to have been received on the next business day.
7.3 You cannot stop a transaction after it has been transmitted to us by giving your consent to the transaction, or once you have given your consent to the supplier for a pre-authorised payment.
7.4 We may refuse a transaction or suspend or terminate the right to top up your card. We may do this if the relevant phone or computer link is busy. We may also do this if:
7.4.1 a transaction might take you over your available funds on the card; or
7.4.2 a transaction might take you over any of your card limits; or
7.4.3 We reasonably believe that we need to do so to keep to the rules of the payment system under which your card is issued; or
7.4.4 We reasonably believe that there are needs to do so to comply with any law or as a matter of good practice.8. Foreign currency transactions
8.1 The card can be used for transactions which are not in the currency of the card although a fee will be applied for doing so.
8.2 If you make a transaction in a currency other than the currency of the card we will change the amount into the currency of the card at the rate offered by the relevant Card scheme, and FX conversion fees may be applied. You accept that the Card scheme rates may not be the best available in the market at the time. We will charge a service charge (commission), see Summary Box.
8.3 Exchange rates may change, and the exchange rate which applies on the date that you make your transaction may not be the same as the exchange rate we use on the date that we convert the transaction charge and deduct the service charge from your balance. The exchange rate applied will include this service charge. You can check the exchange rate used as described in condition 7. Your online statement will show the service charge.9. Payment Transaction for Unknown Amounts
For card-based payment transactions where you do not know the exact amount of the payment transaction at the time you authorise it, we will not block funds on your payment instrument unless you authorise the exact amount to be blocked. This could be the case for payments you make at hotels or at fuel stations for example.
We shall release any blocked funds without undue delay as soon as we are aware of the exact amount of the payment transaction and immediately after receipt of the relevant payment order.10. Late Execution of Payment Transactions
If you are able to make payments directly from your account to another person and if a payment you asked us to make within the EEA arrives later than it should have, you can ask us to contact the receiving bank and ask them to treat it as if it was made on time.11. Checking your balance
11.1 To check the available balance on your card or to review your transactions visit cryptopay.me
and follow the relevant instructions on the Website.
11.2 You can decide whether information about your payment instrument should be actively provided by us (e.g. we can send a notification to your email address) or instead made available for you to obtain (e.g. via your online account, without an accompanying email notification).12. When your card expires
12.1 The card’s expiry date is printed on the card. You must not use the card after its expiry date, and you will not be able to reload it. An additional cardholder’s card will expire on the same date as the main cardholder’s card. In the case of a virtual card, the card’s expiry date is available in your profile on the Website.
12.2 Your card will not be renewed unless you have requested renewal through the Website.
12.3 If you renew your card in circumstances under condition 12.2 this agreement will continue to apply.
12.4 If you request that your card is not renewed under condition 12.2 you will not be able to use it after its expiry date. You can redeem any outstanding balance on the card up to 6 years after the expiry date by following the process in condition 13. If any balance remains on the card for more than 6 years after the expiry date, it will not be refunded.13. Redemption
13.1 You can redeem all or part of your balance by writing to us at firstname.lastname@example.org
until the date that is 6 years after the expiry date shown on your card. We will transfer any redeemed funds into a GBP bank account via Faster Payments or EUR bank account via SEPA which is in your name and held with a bank in the United Kingdom or the Single Euro Payments Area. We may request proof from you of the account name.
13.2 You will be charged a fee (see Summary Box) to cover redemption costs on each occasion that you redeem if you redeem all or part of your balance at the following times:
13.2.1 where redemption is requested before termination of the contract;
13.2.2 where the e-money holder terminates the contract before any agreement termination date; or
13.2.3 where redemption is requested more than one year after the date of the termination of the contract.
13.3 You will be reminded of this fee before redemption. Please note that if your balance is equal to or less than the amount you want to redeem in the circumstances listed above, the fee will equal your balance which will be reduced to zero.
13.4 You will not be charged a fee for redemption if:
13.4.1 we terminate this agreement, or
13.4.2 if the request for redemption is at termination of the contract or up to one year after that date.14. Liability
14.1 If your card is physical, you must sign your card as soon as you receive it and keep it safe. You must always make sure that you:
14.1.1 do not allow anyone else to use your card;
14.1.2 do not reveal your PIN and never write down your password(s), PIN or any security information you have given us unless you do this in a way that would make it impossible for anyone else to recognise any of that information;
14.1.3 only release the card, card number or PIN to make (or try to make) a transaction, and
14.2 If your card is lost or stolen or someone else finds out the PIN or if you think your card, card number or PIN may be misused, you must:
14.2.1 Call us immediately on +44 (0) 8447 744 502.
(standard rates apply) - we have a 24-hour service so that we can stop your card and PIN or notify us by e-mail at email@example.com
(if we receive your email during our normal business hours, the notice will take effect immediately. If we receive your email outside of our normal business hours, the notice will not take effect until the start of our next working day) or block the card yourself in your personal profile on the Website, or;
14.2.2 if we ask, write to us within seven days to confirm the loss, theft or possible misuse (the address is 8 Devonshire Square, Spitalfields, London, EC2M 4PL, UK), and
14.2.3 stop using the card, card number or PIN immediately. If you find the card after you have reported it lost, stolen or misused, you must cut it up and tell us as soon as you can.
14.3 If your card, an additional cardholder card, or any replacement card, is lost or stolen, once you have reported it you can request a replacement by calling on +44 (0) 8447 744 502
(standard rates apply). This is set out in the Summary Box.
14.4 You may not be liable for any use of the card, card number or PIN by another person who does not have your permission to use it or if it is lost, stolen or destroyed, unless:
14.4.1 you agreed to that person having your card, card number or PIN, or through gross negligence or carelessness, failed to comply with condition 14.1, in which case you may be liable for any use that occurs before you tell us in accordance with these terms and conditions, or
14.4.2 you acted fraudulently then, to the extent permitted by law, you may be liable for misuse of the card, card number or PIN.
14.4.3 Unless you have acted fraudulently or with intent or gross negligence, you will only be liable for a maximum of £35 (or the equivalent in the currency of your payment instrument) up until the time you inform us that your payment instrument has been lost or stolen. You will not be liable for any losses which occur on your payment instrument after you have informed us that it has been lost or stolen. If you're due a refund for an unauthorised transaction, we'll make sure you receive this no later than the end of the next business day.
14.5 If your card is used without your permission, or is lost, stolen or if you think the card may be misused, we may disclose to law enforcement agencies, any information which we reasonably believe may be relevant.
14.6 We will not be liable for:
14.6.1 any abnormal or unforeseeable circumstances outside our reasonable control (for example, a failure of computer systems which happens for reasons outside our reasonable control or any industrial action which happens for reasons outside our reasonable control) if this prevents us from providing its usual service;
14.6.2 any unauthorised or incorrect transaction, unless and until you tell us about that transaction, in accordance with this section;
14.6.3 any person refusing to accept or honour (or delays in accepting or honouring) your card, card number or PIN, or
14.6.4 any cash dispenser failing to issue cash. We will not be liable for the way in which you are told about any refusal or delay.
14.7 In case of errors or disputes about transactions, write to us at firstname.lastname@example.org
.15. Altering these Terms and Conditions
15.1 We may change any of these terms and conditions, including fees and charges, or introduce new terms, by giving you at least two months’ notice. We may make all amendments to these Terms by posting the revised Terms on the Website or by emailing it to you, indicating when the revised Terms become effective.
15.2 If we change these terms and conditions, the new terms and conditions will be available at https://cryptopay.me/legal/card_terms/
from the date the change takes place.
15.3 You will be deemed to have accepted any change to these terms and conditions unless you notify us of any objection before the proposed date of the change.
15.4 Between the posting of the revised Terms or receipt of the notice and the proposed date of change, if you notify us that you do not accept the change, this agreement will terminate immediately and subject to condition 13.4.2 you can redeem your total balance at that time without charge.16. Cancellation rights
16.1 If you change your mind about having the card, you can cancel it within 14 days of the date you receive confirmation of your application being approved by writing us at email@example.com
. You will not be charged for cancelling the card during this period. We will refund any balance remaining on the card to you and any fees that you have paid.
16.2 We will reimburse you in EURO. If your card denominated in a supported currency other than EUR, we will convert an appropriate amount or value of the relevant non-EUR currency into EUR, before transferring a corresponding amount of EUR. If we do this, the exchange will take place at the rate offered by the relevant FX provider, and FX conversion fees may be applied. You accept that the FX conversion rates may not be the best available in the market at the time.17. Ending this agreement
17.1 We may terminate this agreement at any time. Unless there are exceptional circumstances, we will give you 2 months’ prior written notice.
17.2 You can terminate this agreement and close the card by emailing us at firstname.lastname@example.org
or by following the relevant instructions on the Website provided you have withdrawn any balance remaining on the card subject to conditions 15.4 and 16.
17.3 If you do not redeem your full balance within 6 years of your card’s expiry date, this agreement terminates.18. General
18.1 By entering into this agreement, you agree that we may use your information in accordance with the ‘Data Protection Act 2018 and GDPR Data protection’ section of these terms and conditions, as set out in condition 21.
18.2 We may monitor and/or record telephone calls between you and us or service providers.
18.3 You must provide us with an email and postal address and phone number and let us know of any changes.
18.4 We may need to contact you urgently if we suspect or find fraudulent activity has occurred on your account (provided we are not prohibited from doing so by law) or if we suffer a security threat. To do so, we may (for example) send you a text message instead of calling or emailing you, if we think this is the quickest way to contact you. When we contact you, we will also give you information on how you can minimise any risk to your payment instrument depending on the nature of the security threat.
18.5 We’ll use the same contact details which you have already provided us with when contacting you. You must inform us immediately if your personal details or contact information change.
18.6 We may transfer our rights or obligations under this agreement or arrange for any other person to carry out its rights or obligations under this agreement. You may not transfer any of your rights or obligations under this agreement.
18.7 We can delay enforcing its rights under this agreement without losing them.
18.8 If we cannot enforce any paragraph, condition or part of a paragraph or condition under this agreement, it will not affect any of the other paragraphs, conditions or the other part of the paragraph or condition in this agreement.
18.9 This agreement is governed by the law of England and Wales. The language of this agreement is English and all notices and information given under this agreement will be in English.19. Payment services information
19.1 This condition 19 only applies if the supplier’s bank is located within the European Economic Area (EEA) and the payment services being carried out are transacted in Euro, or another currency of an EEA member state.
19.2 We will ensure that a transaction you make is credited to the supplier’s bank, or that returned funds following redemption or cancellation are credited to your bank within these timescales: