1. TERMS AND DEFINITIONS
1.1. LITEEXCHANGER.NET is a semi-automatic service located on the Internet at https://liteexchanger.net and offering its services through a special software interface for all Users (hereinafter referred to as the Service).
1.2. User is any natural or legal person who agrees with all the conditions offered by the Service and acceded to this agreement.
1.3. Electronic units (title units) are accounting units of the relevant electronic settlement systems, denoting a certain amount of rights of claim or other rights arising from the agreement of electronic settlement systems with their users.
1.4. An electronic settlement system (payment system) is a software and hardware product developed by a third party and is a system for the implementation of accounting for electronic units, as well as the organization of mutual settlements between its users.
1.5. Payment – transfer of electronic units from the payer to the recipient.
1.6. Operation (Application) – information submitted by the User using the means of the Service in electronic form, indicating his intentions to use the services of the Service on the terms proposed by the Service and specified in the parameters of the application.
2. GENERAL PROVISIONS
2.1. This agreement governs the relationship between the User and the Service regarding the services provided by the Service to the User and cancels all previous agreements between the Service and the User on this subject.
2.2. This agreement does not cancel the current legislation of the countries of registration and location of the Service and the User, as well as the contractual relationship between the User and the System (systems) of electronic settlements.
2.3. This agreement is considered to be accepted on the terms of a public offer, accepted by the User in the course of his submission of the Application, which is an integral part of this agreement.
2.3.1. A public offer is the information displayed by the Service about the parameters and conditions of the Application.
2.3.2. The acceptance of a public offer is recognized as the User’s actions to complete the formation of the Application, confirming his intention to conclude a transaction with the Service on the conditions proposed by the Service immediately before the completion of the formation of the Application.
2.3.3. The date and time of acceptance, as well as the parameters of the conditions of the Application, are fixed by the Service automatically at the time of completion of the formation of the Application.
2.3.4. The period for accepting the offer by the User to make a transaction with the Service on the terms described in the User’s Application is 40 minutes from the moment the Application is completed.
2.4. This agreement comes into effect from the moment the User completes the formation of the Application.
2.5. This agreement is terminated from the moment of receipt of the electronic units in the details provided by the User in the amount specified in the parameters of the User’s Application, or from the moment of cancellation of the application.
2.6. The parties acknowledge this electronic agreement to be equivalent in legal force to an agreement concluded in writing.
2.7. The Service reserves the right to unilaterally amend this agreement without notifying the User accordingly, but with the obligatory publication of the current version of the agreement on this page.
3. SUBJECT OF THE AGREEMENT
3.1. Using the technical means of the Service, by submitting an Application, the User instructs, and the Service, on its own behalf and at the expense of the User, takes actions for a fee to receive and further transfer the amount of Electronic Units declared by the User to a person or persons wishing to purchase such for a monetary equivalent in an amount not lower than provided in the parameters of the Application submitted by the User, as well as actions to transfer the cash equivalent in the amount specified in the application parameters to the details specified by the User.
3.2. Any positive difference arising from the actions described in clause 3.1 of this agreement, as an additional benefit received, is transferred to the Service as a bonus payment for commission services.
4. TERMS OF PROVISION OF SERVICES
4.2. Ordering the services of the Service, managing the transaction process and obtaining information about the progress of the transaction by the User are made exclusively using the corresponding user interface provided by the Service.
4.3. Accounting for transactions with electronic units is made by the Service in accordance with the regulations, rules and format of the relevant Electronic Settlement Systems.
4.4. Any completed operation carried out by the Service at the User’s request is considered non-cancellable, i.e. cannot be canceled by the User after its completion – after receivingthe User’s due to him under the previously accepted terms of the transaction.
4.5. If the User does not receive electronic units within 30 minutes from the moment the User accepts the details provided by the Service, the agreement under the conditions specified in the Application is considered unilaterally terminated by the Service as not effective, without notifying the User about it.
4.5.1. In case of termination of the agreement, Electronic units received after the above period are subject to return to the sender’s details within the next 24 hours. When making a return, all commission costs for the transfer of electronic units are made from the funds received at the expense of the User. The Service is not responsible for possible delays in the return, if they arose through no fault of the Service.
4.5.2. In case of confirmation of payment in transactions that are made in manual mode without the fact that the Service has received Electronic Units, the contractor has a reason to block the client’s details for repeated violation.
4.6. In case of receipt of Electronic Units from the User to the Service in an amount that differs from the one specified in the Application, the Service should consider this as an order of the User to recalculate the Application according to the actually received amount of Electronic Units.
4.6.1. In the event that the number of received Electronic Units differs from the one declared by the User by more than 10%, the Service can unilaterally terminate the agreement by refusing to execute the application and returning the funds received to the sender’s details within the next 24 hours. When making a return, all commission costs for the transfer of Electronic Units are made from the funds received at the expense of the User. The Service is not responsible for possible delays in the return, if they arose through no fault of the Service.
4.7. If the cash equivalent is not sent to the details specified by the User within 24 hours from the start of the contract, if there are no reasons for blocking the Electronic units received at the User’s request from the Service, the User may demand termination of the agreement by canceling his application and returning the electronic units in full volume.
4.7.1. The request to cancel the application must be fulfilled by the Service only if, at the time of receipt of such a request, the monetary equivalent was not sent to the details specified by the User.
4.7.2. In case of cancellation of the application, the return of Electronic Units is made by the Service to the sender’s details within 24 hours from the receipt of the request for cancellation. The Service is not responsible for possible delays in the return, if they arose through no fault of the Service.
4.8. The service has the right to engage third-party contractors to fulfill its obligations.
4.9. The Service has the right to cancel the operation in progress and return the Electronic Units and / or financial resources contributed by the User with reimbursement of the commissions of the Electronic Settlement Systems to the User without explanation.
4.10. The Service has the right to refuse to provide further services to the User if the User violates any of the clauses of this agreement.
4.10.1. In the event the Service refuses to further service the User, the Service notifies the User of its decision via e-mail or a phone call, after which it freezes the User’s account and all current User Applications. Further, the Service returns Electronic Units received by the User’s Application to the sender’s details within 24 hours from the moment of refusal. When making a return, all commission costs for the transfer of Electronic Units are made from the funds received at the expense of the User. The Service is not responsible for possible delays in the return, if they arose through no fault of the Service.
4.10.2. All subsequent Applications created by the User after the Service refuses to further service the User are automatically frozen. Accounts associated with these Applications are blocked.
5.1. To carry out operations, the Service accepts from the User his personal data, which the Service undertakes to store in an encrypted form, not to make it public, not to transfer to third parties, except for the cases described in clauses 5.4, 5.5 and 6.5 of this agreement.
5.2. All operations with Applications, as well as the transfer of personal data from the User to the Service, are carried out via an encrypted SSL channel with a key length of 256 bits.
5.3. The Service has the right, if necessary, to independently carry out activities to collect additional data about the User by any available means. All information collected as a result of such activity is not made public, is not transferred to third parties, except as described in clauses 5.4, 5.5 and 6.5 of this agreement.
5.4. The service has the right to transfer the personal data of the User and details and the operations performed by him, subject to the preservation of their confidential status upon an official written request / court decision / own initiative (in case of a need for an investigation) to law enforcement agencies, as well as the User to whom they belong.
5.5. The Service has the right to transfer the details of the operation and the personal data of the User related to the operation at the official request of the Electronic Settlement System for conducting internal investigations.
5.6. All collected data about the User, as well as the details of the operations performed by him, are stored in the Service’s database for five years from the moment the Service fulfills the last User’s Application.
5.7 All required fields in applications must be indicated with real data, otherwise the service has the right to cancel the application and screw in funds to the sender minus the commission of the payment system or bank.
6. ANTI-MONEY LAUNDERING AND ILLEGAL OPERATIONS POLICY
6.1. In accordance with international law, liteexchanger (Light-Exchanger) adheres to a number of rules and implements a number of procedures aimed at preventing the use of the Service for the purpose of conducting money laundering operations, that is, actions aimed at returning illegal money or other securities to the financial and economic market. origin, representing their acquisition and possession as completely legal and normal, as well as carrying out other operations that are illegal.
6.2. To prevent illegal operations, the Service establishes certain requirements for all Applications created by the User:
6.2.1. The sender and the recipient of the Payment under the Application must be the same person. Using the services of the Service, transfers in favor of third parties are strictly prohibited.
6.2.2. All contact information entered by the User in the Application, as well as other personal data transmitted by the User to the Service, must be up-to-date and completely reliable.
6.2.3. It is strictly forbidden to create Applications by the User using anonymous proxy servers or any other anonymous connections to the Internet.
6.3. To prevent illegal transactions, the Service:
– Uses an internal system for automated analysis of transactions and User behavior (fraud prevention system), which stops all suspicious transactions of the User.
– Sets limits on the User’s operations, depending on the level of identification of the User’s identity and his country of origin.
– Adheres to the “Know Your Client” policy.
– Carries out verification by all available means of all data provided by the User.
6.4. The Service reserves the right to freeze the User’s account and all current User Applications until it receives copies of the User’s identity documents from the User, as well as the source of origin of Electronic Units and other information necessary to verify the operation being performed in the following cases:
– If a violation of any of the requirements presented in clause 6.2 of this Agreement is detected.
– When the User’s Application is stopped by the fraud prevention system.
– If the amount of transactions on the Orders created by the User in the last 30 days has exceeded the equivalent of 10,000 USD.
– If the administration of the Service has reasonable suspicions that the user is trying to use the services of the Service for money laundering or for the purpose of carrying out any other illegal operations.
In turn, the User undertakes to provide the requested document within 7 working days from the receipt of a request for its provision, or to request cancellation of the application.
6.4.1. If the User refuses to provide the requested documents, the Service reserves the right to refuse the User further service and take the actions described in clause 4.10 of this agreement.
6.5. The Service reserves the right to refuse the User further service and take the actions described in clause 4.10 of this agreement, and then transfer all the User’s data available to the Service, as well as all available information about the User’s operations to law enforcement agencies in the following cases:
– Identification of transactions, the purpose of which is money laundering, financing of terrorist organizations, fraud of any kind, as well as transactions aimed at carrying out any other illegal and illegal operations.
– If the Service has a reasonable suspicion that the document provided by the User to identify the User’s identity is fake or invalid.
– Receipt of information from the authorized bodies on the ineligibility of the User’s possession of electronic units or financial resources and / or other information that makes it impossible for the Service to provide services to the User.
– Revealing any actions or attempts with actions by the User aimed at rendering any negative impact on the hardware and software complex of the Service.
– Revealing any actions or attempts to commit actions by the User aimed at stealing databases and other tangible and intangible property of the Service.
– Revealing any actions or attempts to perform actions by the User that can cause any physical, material and non-material harm to the Service.
6.6. The Service reserves the right to check personal and any other information received from the User in all available ways.
7. LIMITATION OF LIABILITY
7.1. The Service offers its services from 9:00 to 22:00 (Kiev time), seven days a week and will strive to ensure that the hardware and software complex and the Service operators perform their duties as quickly as possible, approaching automation.
7.2. The service provides its services on an “as is” basis, as they are described on the pages of the site, in particular in the exchange directions, for which unique conditions for transactions apply.
7.3. By using the Service, the User agrees that the scope of the Service’s liability is limited to the funds received from the User for the execution of the subject of this agreement, that the Service does not provide additional guarantees and does not bear any additional liability to the User, as well as the User does not bear additional liability to the Service, except for the cases specified in clause 7.9.
7.4. The Service will make every effort, but does not guarantee that its services will be available 24/7. The Service does not bear any responsibility for losses, unearned profits and other costs of the User resulting from the impossibility of gaining access to the website and services of the Service.
7.5. The Service does not bear any responsibility for losses, lost profits and other costs of the User resulting from delays, errors or failures in making bank payments or electronic transfers.
7.6. The Service does not bear any responsibility for losses, lost profits and other costs of the User resulting from erroneous expectations of the User in relation to the tariff rates of the Service, the profitability of transactions and other subjective factors.
7.7. If the User provides erroneous data in the information about the details of the sender or recipient of funds, the Service does not bear any responsibility for any adverse consequences or damage resulting from this error.
7.8. Using the services of the Service, the User is solely responsible for paying taxes in accordance with the tax legislation of the country at his place of residence. The Service is not a tax agent and will not notify the User about any possible tax costs when using the Service’s services.
7.9. The User guarantees compensation for losses of the Service (management company, managers and employees) in cases of claims or claims directly or indirectly related to the use of the Service by the User, with the exception of losses caused by the guilty (deliberate or careless) actions of the Service itself.
7.10. The User guarantees that he is the owner or has legal grounds for disposing of the amounts used in his transactions.
7.11. The User undertakes to refrain from using the Service’s services to conduct fraudulent and illegal transactions and agrees that any attempt to exchange fraudulent capital will be prosecuted to the fullest extent of the law. The actions of the User may be considered illegal in accordance with the legislation of the country of residence of the User and / or the country where the Service is registered.
7.12. The User undertakes not to falsify communication flows associated with the operation of the Service, not to interfere with its software and / or hardware, and not to exert any other influence that could disrupt the normal operation of the Service, realizing that such actions will be prosecuted throughout the severity of the law.
7.12.1. In the event that falsification of communication flows or any negative impact on the normal operation of the Service program code that is directly or indirectly related to the User’s request is detected, the execution of the request by the Service is suspended, after which the actions described in clause 6.5 of this agreement are taken.
7.13. The user acknowledges that the content of the Service website falls under the protection of legislation on the protection of property rights, intellectual property and copyright. Unauthorized use of this content is illegal.
7.14. Neither the User nor the Service will be liable to each other for delays or failure to fulfill their obligations arising from force majeure circumstances, including natural disasters, fires, floods, terrorist acts, change of government, civil unrest, as well as non-functioning Electronic Settlement Systems, power supply systems, communications networks and Internet service providers.
7.15. Electronic settlement systems and / or financial institutions are solely responsible for the funds entrusted to them by the User. The Service cannot be a party to the agreement between the Payment System and / or the financial institution and the User and is in no way responsible for the incorrect or unauthorized use of the capabilities of the Electronic Payment System by the User, as well as for the User’s abuse of the functionality of the Electronic Payment System. The mutual rights and obligations of the User and the Electronic Settlement System and / or the financial institution are regulated by the relevant agreements.
8. PROCEDURE FOR ACCEPTANCE OF CLAIMS AND RESOLUTION OF DISPUTES
8.1. Disputes and disagreements arising from the provision of services by the Service to the User are resolved through negotiations between the User and the Administration of the Service, based on the provisions of this agreement.
8.1.1. Any claims under this agreement can be accepted by the Service in electronic form by sending a message on the essence of the claim to the details (contact page) indicated on the Service website.
8.2. If it is impossible to resolve emerging issues through negotiations, the dispute is resolved in accordance with the current legislation at the place of registration of the Service.