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1. Definitions

• 1.1 “Agreement" shall mean these terms and conditions which govern the use of the Service, the V-Money Site and the Account.
• 1.2 "Merchant" shall mean any third party entity with which You contract to purchase goods and or services using the Service as the payment method.
• 1.3 "End user Account" shall mean a record maintained by V-Money which enables “End Users” to record their payment of credits and credits paid out on behalf of the relevant User's use of the Service.
• 1.4 " V-Money Site" shall mean the web site pages owned by V-Money.
• 1.5 "Service" shall mean the payment service and any other related products and/or services provided by V-Money.
• 1.6 "End User", "You" and "Your" shall mean the person, company or other legal entity entering into this Agreement with V-Money.

2. Service

• 2.1 Upon payment of the specified fee, V-Money agrees to provide you (the "End User") a secure on line service that enables the "End User" the right to use our service to send and receive credits via email if those said credits are available in your said account.
• 2.2 The V-Money service can also be used for buying and selling at online auctions and other sites where V-Money are accepted.

3. Agreement

• 3.1 Your completion of the V-Money Sign Up page and submission of Your details shall be construed to denote acceptance of the provisions of this Agreement.
• 3.2 V-Money may amend any provision of this Agreement (including provisions relating to charges relating to the use of the Service) at any time by posting the amended changes and/or Agreement on the V-Money Site. Your continued use of the Service will constitute acceptance of the amended Agreement and/or service charges.
• 3.3 V-Money shall have the right at any time to change or discontinue any aspect or feature of the Service, including, but not limited to, content, hours of availability, and any equipment needed to use the Service.
• 3.4 Effectiveness of Agreement - The End User's use of the Service shall not in any respect whatsoever modify any of the terms, conditions, or restrictions contained in this agreement or other agreement by which the End User initially acquired rights to use the Product or service (the "End User Agreement"), and the use of our Service shall in each and every instance remain subject to the terms, conditions, and restrictions contained in the End User Agreement which is subjected to change from time to time as deemed necessary.

4. End Users' responsibilities and eligibility

• 4.1 Applications for an End User Account may be rejected by V-Money in its absolute discretion without reason. You must be 18 years or older to use the Service. If you are under the age of 18, You hereby represent that You are using the Service with the express consent of a parent or Guardian. V-Money may, at any time including at the time of receiving an application, require You to provide documentary evidence of Your age or identity. Accepted forms of identity and/or age include birth certificates, passports, driving licenses, credit card statements, utility bills and bank statements. If You are under the age of 18 You hereby consent to V-Money contacting and obtaining approval from Your nominated parent or Guardian for You to be able to use the Service; You further agree to provide a valid email address for Your parent or Guardian in order that such approval may be sought.
• 4.2 The Service may only be used by Users who have completed the V-Money Sign Up Page. You agree that you will register for and maintain one User Account only. V-Money reserves the right to close, without notice, duplicate User Accounts.
• 4.3 When completing the V-Money Sign Up Page, You agree to provide true, accurate and complete information and to maintain and promptly update such information as and when necessary. Updated information will be required where the mailing address, email address, name, marital status or any other information in relation to You changes. You authorize V-Money to make any inquiries that it considers necessary to validate application and registration details.
• 4.4 If any information provided by You is untrue, inaccurate, not current, or incomplete, V-Money reserves the right to terminate Your use of the Service and/or Your User Account. Furthermore, V-Money shall have the right to recover from You any costs or losses incurred as a direct or indirect result of such inaccurate or incomplete information.
• 4.5 You warrant that any and all instructions provided by You to V-Money y in relation to Your use of the Service are full and accurate.
• 4.6 You will use the Service, the User Account and the V-Money Web Pages for lawful purposes only and not in a manner which may give rise to criminal or civil liability or that which is considered by V-Money as restricting or inhibiting other Users from using the Service.
• 4.7 You agree not to use unsolicited email, message board postings, or similar methods of mass messaging ("Spam") for any purpose with respect to V-Money .

5. Deposits, withdrawals and spending Limits

5.1 Subject to provision of the necessary details required by V-Money and payment of the necessary charges (details of which are shown below), You may elect to deposit or withdraw money from Your User Account. 5.3 V-Money shall not be obligated to process any transaction on Your behalf unless there are adequate cleared funds in Your User Account.

6. Charges

6.1 Charges for using the V-Money Service and the minimum and maximum transaction values are indicated below. Any charges applicable are debited to Your User Account at the same time as the transaction is made. V-Money reserves the right to amend its charges at any time.

6. Interest on deposits in to Your account

• 6.1 V-Money shall not provide any kind of interest on End User's account balance credits. It is understood that all funds are secured in our insured bank account.

7. Buying goods and/or services from affiliated Merchants

• 7.1 Despite using the Service to purchase goods and services from a Merchant, You acknowledge that V-Money do not become a party to any contract in relation to such purchases.
• 7.2 It is Your responsibility to ensure that the Purchase Terms that You agree with the Merchant are acceptable to You.
• 7.3 V-Money shall not be liable nor incur any liability in relation to any goods or services purchased from a Merchant using the Service, including late or non-delivery.
• 7.4 In the event that You have problems using a Merchant Web Site, You should contact the respective Merchant.

8. Electronic transfers, cash advances

• 8.1 You may request for withdrawal of funds or money held in Your User Account by means of check or any additional means provided by V-Money subject to applicable fees.
• 8.2 V-Money shall make reasonable efforts to ensure that any authorized requests for electronic debits and credits to and/or from Your User Account are processed in a timely manner. It normally takes 12 - 24 hours for funds to clear, however You should be aware that some financial institutions take longer to clear transactions. Accordingly, in view of the foregoing, V-Money makes no representations regarding the timeframe within which such processing will be completed
• 8.3 V-Money reserves the right to hold funds for any transaction that it deems suspicious to ensure integrity of the funds.
• 8.4 Any errors discovered by You in relation to Your User Account must be reported to V-Money immediately. V-Money will require You to provide a written description of the error prior to taking remedial action.

9. Disclaimer of Warranties and Limitation of Liability and exclusions

• 9.1 V-Money makes no representations or warranties of any kind of whatsoever with respect to the service and/or the performance of the service; including without limitation, any implied warranties of merchantability or fitness for a particular purpose. V-Money does not warrant, guarantee or make any representation regarding the use, or the results of the use, of the service and/or the product in terms of correctness, accuracy, reliability, currentness, or otherwise. The entire risk as to the results and performance of the service and the product is assumed by the end user. V-Money shall not be liable to end user for any consequential or incidental damages arising from the breach of any payments or contracts, the failure of delivery, delay in delivery, delivery in nonconforming condition, the use of the service and/or the product, or for any other breach of contract or duty between seller and the end user.
• 9.2 V-Money shall have no obligation to provide the Service, and shall have no liability to the End User in the event V-Money is unable, as may be determined in the sole discretion of V-Money to make payment and or changes in methods of payment or operation that can make our service unsuitable for the end user.
• 9.3 You agree to indemnify and hold V-Money, its Parent and all its affiliates and officers, employees and owners harmless from any claim, action, demand, loss, or damages (including legal fees) made by any third party against V-Money arising out of or relating to Your use of the Service; except where such claim is based upon the proven negligence or breach of this Agreement by V-Money. V-Money assumes absolutely no responsibility for any purchases made through the V-Money system. At any time You join an Income Opportunity or MLM program, or "matrix site" You are doing so at your own risk and that by signing up and joining V-Money You do hereby agree in FULL that you release V-Money, its Parent and all its affiliates and officers, employees and owners from ANY loss you may incur by signing up on one of the aforementioned type websites and or businesses, you completely indemnify us and agree that V-Money will not be named by you or anyone that represents you in any actions, in ANY capacity against any of the aforementioned types of websites or businesses, if you have a disagreement with one of the aforementioned type businesses then you agree that it is STRICTLY between YOU and THAT BUSINESS , and V-Money has no part of the dispute.. and that by signing up for your account you agree that this is a contract, and that you FULLY and WILLINGLY AGREE to ALL CONDITIONS mentioned EVERYWHERE in this End User agreement.. V-Money is a payment processor only, and have no control on what these sites do. Further You should be aware that voiding your credit card transaction you used to fund your V-Money account for any reason constitutes credit card fraud. It even violates many other laws, and will be prosecuted to the maximum extent allowable.
• 9.4 Further you agree that V-Money shall not be liable for:
• 9.4.1 any indirect or consequential losses, including but not limited to loss of profit, savings, goodwill, data or contracts.
• 9.4.2 any unauthorized interception or use of data relating to You or the Service.
• 9.4.3 any restriction or inability in relation to use of the Service or the V-Money Site including any problems attributable to computer hardware or software (including computer viruses), telephone or other communications, or Internet Service Providers;
• 9.4.4 any transactions or otherwise by any individual that uses Your email address and password to use the Service

10. Confidentiality

• 10.1 You shall be responsible for protecting the confidentiality of Your User Account; including but not limited to, V-Money Username and Password. You shall promptly notify V-Money if You believe that any third party has become aware of the same.
• 10.2 You agree and acknowledge that Your personal data, Your order details and delivery details have to be disclosed by V-Money to the Merchant with whom You are purchasing goods and/or services from.
• 10.3 V-Money reserves the right to disclose to third parties other general information, concerning the volume, nature and value of transactions undertaken using the Service that does not identify you personally.

11. Intellectual property rights and copyright

• 11.1 The V-Money name and the Service are either trademarks or registered trademarks of V-Money . All V-Money logos (or third party logos) may not be copied, imitated or used, in whole or in part, without the prior written permission of V-Money .
• 11.2 All custom graphics, button icons, page headers and other details appearing on the V-Money Site may not be copied, imitated, or used, in whole or in part, without the express written permission of V-Money .
• 11.3 The V-Money Site contains copyrighted material, including, but not limited to, photographs, software, video clips, sound and graphics (including the presentation and arrangement of the same). The contents of the V-Money Site are copyrighted.
• 11.4 You may only download copyrighted material for Your own personal use.

12. Termination and User Account closures

• 12.1 You may close Your User Account at any time by sending V-Money notification in a manner prescribed by V-Money. Provided always that all applicable charges have been paid in full, V-Money shall close the User Account. Upon closure of Your User Account, any credits remaining in the same, less any applicable charges will be repaid to You.

13. MLM and Income Opportunity Policies

• 13.1 While V-Money does accept MLM and Income Opportunity vendors, you should note that joining any MLM or Income Opportunity is done at your own risk. There are many legitimate opportunities on the Internet and each one should be carefully investigated before making any decision to join. V-Money will not offer refunds for these or any other purchases. These matters should be taken up with the vendor.

14. General

• 14.1 Any and all claims or disputes relating to the Service shall be governed by the laws of the Republic of Panama. V-Money may assign its rights and delegate its duties with respect to the Service without providing notice to, or receiving the consent of, the End User.
• 14.2 You acknowledge that the Service is not a banking service and is not subject to any Bank Regulations.
• 14.3 To the fullest extent permitted by applicable law, all notices ("Notices"), may be provided to You electronically and You agree to receive the same in an electronic form. Notices may be posted on the V-Money Site or delivered to Your email address (or by any other manner prescribed by V-Money).
• 14.4 You may not transfer any of Your rights and obligations under this Agreement without the prior written consent of V-Money. V-Money reserves the right to transfer any rights or obligations under this Agreement without Your consent.
• 14.5 If any part of this Agreement is found to be illegal or unenforceable, such findings will not affect the validity or enforceability of the remainder of the Agreement.
• 14.6 This Agreement constitutes the entire agreement between You and V-Money in relation to the Service

15. Restricted Activities

• 15.1 Your Information and your activities (including your payments and receipt of payments) through our Service shall not:
  (a) be false, inaccurate or misleading;
  (b) be fraudulent or involve the sale of counterfeit or stolen items;
  (c) consist of providing yourself a cash advance from your credit card (or helping others to do so);
  (d) be related in any way to gambling and/or gaming activities, including but not limited to payment or the acceptance of payments for wagers, gambling debts or gambling winnings, regardless of the location or type of gambling activity (including online and offline casinos, sports wagering and office pools), with the exception of payments for gaming transactions that are expressly authorized by law in the jurisdiction of both the sender and the recipient of the payment;
  (e) violate V-Money 's Acceptable Use Policy;
  (f) infringe on any third party's copyright, patent, trademark, trade secret or other property rights or rights of publicity or privacy;
  (g) violate any law, statute, ordinance, contract or regulation (including, but not limited to, those governing financial services, consumer protection, unfair competition, antidiscrimination, or false advertising);
  (h) be defamatory, trade libelous, unlawfully threatening or unlawfully harassing;
  (i) be obscene or contain child pornography;
  (j) contain any viruses, Trojan horses, worms, time bombs cancelbots, easter eggs or other computer programming routines that may damage, detrimentally interfere with, surreptitiously intercept or expropriate any system, data or other personal information;
  (k) create liability for us or cause us to lose (in whole or in part) the services of our ISP's or other suppliers. If you use, or attempt to use the Service for purposes other than sending and receiving payments and managing your account, including but not limited to tampering, hacking, modifying or otherwise corrupting the security or functionality of Service, your account will be terminated and you will be subject to damages and other penalties, including criminal prosecution where available.

16. Refund Policy

• 16.1 Funds deposited into a member's account using any method are converted to equivalent value of money and are reversible abiding with the user agreement. However refunds between two members is dealt between themselves. As stated in section 7.3, V-Money shall not be liable nor incur any liability in relation to any goods or services purchased from a Merchant using the Service, including late or non-delivery.