Terms of Service of Binding Credit Account to TrueMoney Wallet Account
These Terms of Service of Binding Credit Account to TrueMoney Wallet Account (the “Terms of Service”) is an agreement between True Money Company Limited (the “Company”) of the one part; and you as the customer (the “Customer”) of the other part; for providing the service of binding credit account to the Customer’s TrueMoney Wallet account (the “Service”) in order to facilitate the Customer on conducting financial transaction by money deduction from credit account through TrueMoney Wallet account (the “Account”). The use of the Service by the Customer shall be deemed that the Customer has read, understood, and accepted for these Terms of Service.
- The Customer must have the Account.
- The Customer shall be able to bind credit account to the Customer’s Account through TrueMoney Wallet Application or any other channel as stipulated by the Company, provided that the Customer’s Account information must correspond to credit account holder’s information
In this regard, the Company reserves the right to provide the Service only for available types of credit accounts as specified by the Company.
In addition, the Customer agrees and acknowledges that, to facilitate the use of Services by Customer, once the Customer has bound credit account to the Customer’s Account, the Company may access to the Customer’s credit account information in order to display such information on TrueMoney Wallet Application on the Customer’s device or any other channel as specified by the Company. - For using this Service, the Customer has no duty to pay any Service fees to the Company.
- Once the Customer has bound credit account to the Account, if the Customer makes any payment for the price of goods and/or services through the Account with the said credit account, the Customer agrees that the Company shall deduct money from such credit account to pay for price of goods and/or services to the sellers or service providers, and the Company shall be eligible for collecting money from credit provider immediately.
In this regard, the Company reserves the right to provide the aforesaid service of paying the price of goods and/or service with money deduction from credit account only for the limited transactions (excluding credit card bill payments), goods and/or services of some sellers and/or service providers as specified by the Company at the present and/or in the future, provided that the Company is entitled to change, with prior notice to the Customer, the said types of transaction, goods and/or services of the sellers and/or service providers payable with money deduction from credit account. - In the event that the Customer wishes to cancel any successful payment transaction for price of goods and/or services by money deduction from credit account, the Customer has to directly contact the seller and/or service provider so that such seller and/or service provider shall notify the Company. After receiving such notification regarding payment transaction cancellation, the Company shall cancel such payment transaction and notify the banks or financial institutions or credit providers of the Customer’s refund request within 7 (seven) business days upon the receipt of notification from such seller and/or service provider, provided that the banks or financial institutes or credit providers shall adjust the money in credit account bound to Customer’s Account within 7 (seven) to 15 (fifteen) business days. In this regard, the refund period of each bank or financial institution or credit provider may various. If the Customer’s credit account has not been adjusted within the aforesaid period, the Customer can contact such banks or financial institutions or credit providers by its own.
- The Customer agrees and acknowledges that the Company is merely the service provider facilitating the transaction conduction by money deduction from credit account bound to the Customer’s Account pursuant to the Customer’s instruction. In this regard, such performance of the Company shall not be deemed as the banks or the financial institutions or the service providers of credit account or the provision of such financial service.
- In providing the Service by the Company, it shall not be deemed that the Company acts as trustee, custodian or administrator for Customer’s money. In case of any problem arising due to the use of money in credit account bound to the Customer’s Account, then, the Customer shall contact the banks or the financial institutions or the credit providers and/or solve such problem by its own. The Company shall not involve in any case.
- The Customer agrees and acknowledges that the Company shall not be responsible for any damage or loss occurring to any used money in credit account bound to the Customer’s Account, due to the Customer’s mobile phone or any other equipment being lost or stolen, or the Customer being deceived, or by any other force majeure. In this regard, the Customer shall immediately notify a request for suspension of the Account to the Company, or to the banks or financial institutions or credit providers.
- The Customer agrees and acknowledges that the Company shall not be responsible for any damage or loss occurring to any used money in credit account bound to the Customer’s Account, due to Malware or Computer Virus or by any other electronic attack on the mobile phone or any other equipment of the Customer using the Service.
- If the Company intends to suspend or revoke the Service under these Terms of Service (whether wholly or partially), the Company shall inform the Customer in advance. In this regard, this Terms of Service shall be terminated immediately upon the specified timeframe as informed to the Customer is due. However, such suspension or revocation shall not affect any debt that the Customer owed to the Company and shall not prejudice any right or responsibility between the Company and the Customer which incurs or has incurred before the date of termination.
- The Customer agrees and acknowledges that the Company may collect, use, and disclose the Customer’s personal data in which the Customer has given to the Company for the purposes of providing the Service under these Terms of Service, to any other juristic persons acting as a data processor for the Company. In this regard, the Company shall ensure that such data processors shall process the Customer’s personal data in compliance with the Company’s privacy policy and the relevant laws. The Customer shall be able to examine and study the Company’s privacy policy of at https://www.truemoney.com/en/privacy-notice/
- The Customer agrees to comply and be bound by these Terms of Service whereby the Customer’s use of Service shall be deemed as the acceptance of these Terms of Service. The Company may make amendment or addition to these Terms of Service, at any time with notification to the Customer whereby the Customer’s use of Service after such amendment or addition shall be deemed as the acceptance of such amendment or addition.
- The Customer agrees and accepts that these Terms of Service is a part of the Company’s Terms of Services of TrueMoney Wallet and the Customer agrees to be bound and perform in compliance with these Terms of Service and the Company’s Terms of Services of TrueMoney Wallet in all aspects.
- In case any term or condition of these Terms of Service becomes null and void or incomplete by law, then the other enforceable term or condition of these Terms of Service shall be separated from the part that becomes null and void and shall have full force and effect.
- The failure by the Company to enforce any term or condition of these Terms of Service shall in no way affect the right of the Company to enforce the same, and no waiver of a breach of any term or condition of these Terms of Service by the Customer shall be construed as an agreement to waive any subsequent breach of the same or other term or condition.