PREPAID CARD TERMS & CONDITIONS

Last updated on April 3rd, 2019

Global DLT Exchange S.R.O ("us" or "we" or "our" or "Jubiter") is a company incorporated under the laws of Estonia, with a registered office at Konventna 7, Bratislava, 81103, Slovak Republic.

PLEASE READ THE PREPAID CARD TERMS & CONDITIONS SET OUT HEREIN (THESE “TERMS & CONDITIONS”) CAREFULLY BEFORE USING THE SERVICES PROVIDED BY US.

1. INTRODUCTION AND YOUR ACCEPTANCE OF THESE TERMS & CONDITIONS

1.1. Jubiter has partnered with various issuers of stored-value prepaid debit-type cards (the “Card”) or programme managers thereof, which administer processing programmes for such Cards (each, the “Partner”).

1.2. If you want to apply for and start using the Card, and are not already registered, you must register on www.jubiter.com (the “Website”). After you complete the registration process, Jubiter will establish an account for you (the “Account”) and provide you with a unique login ID and password. Jubiter reserves the right to refuse to register a new user without further explanation.

1.3. The Card, which you have applied for via the Website, can be used by you to withdraw cash from ATM machines and to make purchases from merchants who accept the Card.

1.4. These Terms & Conditions apply to your Card and sets out general terms and conditions for using Jubiter services related to your Card.

1.5. In addition to these Terms & Conditions, you should also read carefully our Privacy Policy, which sets out how we collect and use your personal information.

1.6. By registering to and using the Card, you agree to be bound by and accept these Terms & Conditions and all the policies and guidelines that are incorporated by reference (for example, the Privacy Policy). If you do not agree with these Terms & Conditions and/or individual provisions of these Terms & Conditions, you cannot use the Card.

1.7. These Terms & Conditions come into effect at the moment you apply for the use of the Card.

2. YOUR CARD

2.1. Your Prepaid Card is denominated in EUR.

2.2. Subject to the restrictions set out in these Terms & Conditions, you can use your Card at physical, brick and mortar store, as well as at most online locations, or any other places that require plastic cards for payments and display the Mastercard Acceptance Mark or Visa Acceptance Mark, as the case may be.

2.3. Before using the Card, you need to make sure there are enough funds available in it.

2.4. You will not be able and should not attempt to use your Card after its expiry date. The expiry date is indicated on the physical card.

2.5. Your Card is not a credit card or debit card and is not in any way connected to your bank account.

2.6. Your Card will not earn any interest on, or any other benefit from, any funds loaded thereon.

2.7. Your Card is issued and operated by the Partner under a licence from Visa or Mastercard, as the case may be.

3. APPLICATION FOR AND ACTIVATION OF CARD

3.1. To apply for our Card, you must be at least 18 years old and have an ability to lawfully enter into and form contracts under the applicable law.

3.2. Application form for the Card is available on the Website.

3.3. We will require evidence of your identity and your residential address. We may ask you to provide some documentary evidence to prove this and/or we may carry out checks on you (including your personal data) electronically. Checks with credit reference agencies, banks or similar service providers will be undertaken for identity verification purposes only. By accepting these Terms & Conditions at the time of application and by your ongoing possession and use of your Card (once it is approved and issued to you), you expressly consent to us making such checks at our discretion.

3.4. If your identity is verified and application for the Card is approved, your Card should be delivered to you, directly by the Partner, within 14 (fourteen) business days from the receipt of your application unless otherwise notified.

3.5. We will not be able to send you the Card if the address you provide us with is incorrect or otherwise misleading. We will ask you to confirm your contact information so that we can send you your Card. You will not be entitled to a refund.

3.6. If you ordered a Card and have not received it due to our or our Partner's fault, you may request a refund.

3.7. It remains at our sole discretion whether we issue the Card to you and you acknowledge and agree that Jubiter shall be entitled to reject your application without further explanation.

3.8. You must activate your Card as soon as you receive it. In order to activate the Card, you need to follow the instructions for the activation process provided to you by email/paper letter sent together with your Card.

3.9. Jubiter, together with the Partner, shall have the absolute right to refuse to activate any new Cards or to provide top-ups (i.e. addition of monetary value to the Card) on existing Cards.

3.10. You can have and order no more than one physical card per supported currency. If you fail to comply with this term or it comes to our attention that you own multiple accounts, we reserve the right to suspend and freeze funds on your Cards and your Accounts.

4. USING YOUR CARD

4.1. Detailed instructions on how to use your Card can be found on the Website.

4.2. The value of your transactions will be deducted from your Card balance as soon as they are made. The same applies to any applicable fees (see the Fees section hereunder).

4.3. If there are no sufficient funds loaded on your Card at the time of the transaction to cover the amount of the transaction and the fees, the transaction will be declined.

4.4. Jubiter or the Partner may, at their own discretion and without your consent, impose limits on your Card. You can check limits imposed to you on the Website.

4.5. Jubiter, together with the Partner, reserve the right to suspend, restrict or block the usage of your Card and/or to cancel it, as well as refuse to issue or replace the Card at any time, if:

4.5.1. Jubiter determines you violate these Terms & Conditions, other policies, anti-money laundering laws or other applicable laws;
4.5.2. We suspect that the Card or the Account may be used illegally or in an unauthorised or fraudulent manner;
4.5.3. Security of your Account or of any Card we have issued to you is compromised; or
4.5.4. We need to do so to comply with applicable laws or legal request by authorities.

4.6. In such cases your funds in the Card are held temporarily until the investigation of such circumstances is complete. Jubiter may hold your funds for up to 6 (six) months, however such suspension may not be lifted indefinitely if we fail to contact you or if you refuse to cooperate. All Card cancellations exercised by Jubiter cannot be reverted.

4.7. Information on your Card restrictions is provided on the Website in advance or, if this is not possible, immediately after any of the restrictions are applied (unless this would compromise security measures or to do so would be unlawful). We will lift the restrictions as soon as the reasons for the restriction cease to exist.

4.8. Jubiter utilizes various security measures to protect your personal data related to your Account and Card and is committed to high standards of data security. However, Jubiter shall not be liable for any loss, direct or indirect, that you may incur as a result of the Website's malfunctions, errors, security breaches, hacks or any other reason.

4.9. Jubiter will not compensate for any losses, direct or indirect, arising out of the use of your Card.

4.10. Jubiter reserves the right to change, supplement or discontinue the services offered in relation to your Card at any time without your consent.

4.11. We cannot guarantee a merchant will accept your Card. The Partner may also refuse to conclude a transaction with your Card:

4.11.1. If the Partner is concerned about security of your Card or suspects your Card is being used in an unauthorised or fraudulent manner;
4.11.2. If the Partner has reasonable grounds to believe that you have breached these Terms & Conditions;
4.11.3. If the Partner suspects that a transaction is illegal; or
4.11.4. Due to errors, failures (whether technical or otherwise) or refusals by merchants, payment processors or payment schemes to process transactions.

4.12. If the Partner refuses to authorise a transaction, we or the Partner will, if possible, tell you the reason immediately unless it would be unlawful for us to do so. You may correct any information we and/or the Partner hold and which may have caused the Partner to deny a transaction by contacting us via the Website.

4.13. You can view your transaction history by logging into your Account or through the portal made available to you by the Partner. You will not receive a separate account statement (neither paper nor digital) for your Card.

4.14. By accepting these Terms & Conditions, you agree that we may, at any time, move your unused balance to a new Card provided by a different Partner than the then-current Partner.

5. FUNDS AVAILABLE ON YOUR CARD

5.1. Your Card contains only funds you load on it and does not offer a credit line of any sort.

5.2. You may not spend or withdraw more funds than you currently hold on your Card or are allowed by the upload, payment and withdrawal limits of your Card.

5.3. The limits of your Card depend on a variety of factors such as your country of residence, the verification status of your identity and other factors used by us, at our sole discretion, to determine such limits. Information on limits imposed on your Card is available on the Website.

5.4. If, for any reason, a transaction you make with your Card causes the balance on your Card to become negative, you must immediately upload funds into your Card to cover the negative balance. We reserve the right to take additional steps such as demanding and enforcing payments in order to cover any negative balance you incur.

5.5. We, together with the Partner, are entitled, at our own discretion, to recover funds from you as we deem necessary in any event, including but not limited to circumstances when a transaction exceeds the limit applicable to your Card, in accordance with the rules of Visa or Mastercard, as the case may be.

6. LOADING YOUR CARD

6.1. Funds can be loaded to your Card by using your Account on the Website. For loading the Card follow the instructions on the Website. Other loading options may be added in the future.

6.2. You cannot load funds to your Card from another person's bank, payment institutions or electronic money institutions account.

6.3. Funds will appear on your Card as soon as it is technically possible according to the selected loading option.

6.4. Card loading and unloading limits are set out on the Website. We, together with the Partner, reserve the right to refuse to accept any particular loading transaction.

6.5. If any load takes the maximum card balance above the permitted limit, the excess amount loaded above the maximum limit will have to be refunded to your Account and we, together with the Partner, may charge the associated fee specified in the Fees section.

6.6. A load/reload fee may apply for each load/reload that you make. Please see the Fees section for details of such fees.

7. AUTHORISATION OF TRANSACTIONS

7.1. Subject to the features of the particular Card, the authorisation of a transaction can include authorising any single transaction, a series or recurring transactions (including transactions for an indefinite period) or pre-authorising future transactions of a certain or uncertain amount.

7.2. Online transactions must be authorised by you by entering your Card details as requested by the merchant. This usually means providing your Card number, the name on your Card, the expiry date of your Card and in many cases the Card Verification Value (CVV) or similar security number provided on your Card.

7.3. The Card transaction will be considered as authorised when you confirm the transaction at the point of sale by following the instructions provided by the merchant to authorise the transaction, which may include entering your PIN or providing any other security code, signing a sales voucher, providing the Card details and/or providing any other requested details. You cannot revoke your authorisation after having completed the transaction.

7.4. Cash withdrawal transactions will be regarded as authorised by you once you insert the Card and enter your PIN to request a cash withdrawal at an ATM and when you make a request for a cash advance at any bank counter or at any retail store offering cashback facility.

7.5. You must ensure that you have enough funds on your Card to cover both the value of your transaction and the applicable fees.

7.6. If, in the unlikely event, for any reason whatsoever, a transaction is completed when there are insufficient funds on the Card for that transaction (a “Shortfall”), the Shortfall shall be reimbursed by you unless it is due to an error on the part of the merchant where the Card was presented, in which case we, together with the Partner, may seek the Shortfall from the merchant. Otherwise, you agree that once we make this Shortfall known to you, we may charge you for the Shortfall amount. We may charge the amount of the Shortfall from any other Cards that you hold with us, to any other payment method which you may designate at that time, or against any funds which you may subsequently load into your Card or on any additional Card ordered by you. Until we are reimbursed the Shortfall amount, we, together with the Partner, may suspend your Card and any additional Cards connected to you. In addition, we, together with the Partner, reserve the right to charge you an administration fee of 2% for each transaction that you make using your Card which results in a Shortfall or increases the Shortfall amount on your Card.

7.7. After you authorise your transaction, the funds available on your Card will be reduced by the amount of the transaction plus any applicable fees. To check your available funds, please log into your Account.

8. REDEMPTION

8.1. You have the right to redeem the funds on your Card in whole or in part. To do so, you can either send us an email using the “Contact Us” facility on the Website requesting redemption and indicating the amount to be redeemed.

8.2. You may redeem your funds from your Card to your bank account via bank transfer. We, together with the Partner, may present an option to unload your funds into any other supported e-wallet/electronic money account or cryptocurrency wallet.

8.3. When we process your redemption request, we may require you to provide us with documents such as identification so we may process your request in accordance with legal requirements.

8.4. We may also charge a redemption fee of 2.9% if one of the following circumstances applies:

8.4.1. You are requesting redemption before termination or expiry of these Terms & Conditions;
8.4.2. You cancel these Terms & Conditions before any agreed termination date; or
8.4.3. You request redemption more than 1 (one) year after the date of termination or expiry of these Terms & Conditions.

8.5. Redemption will be processed only if Jubiter will have technical ability to do so. Jubiter also reserves the right not to unload the Card and provide no reason of doing so.

9. CANCELLATION AND EXPIRY

9.1. Your Card will be valid for a limited period, as shall be indicated on the card. You must not use the Card after its expiry date, and you will not be able to reload it.

9.2. There will be no automatic renewal or replacement of the expired Card. You will need to order a new Card not later than 1 (one) month prior to the expiration date of your Prepaid Card. This can be done either by email or via our Website.

9.3. If you order a new Card later than 1 (one) month prior to the expiration date of your old Card, we, together with the Partner, reserve the right not to reissue a new Card for you.

9.4. You will be charged for the replacement of your expired Card (see Fees section). You must have sufficient funds to cover any replacement card costs.

9.5. If your Card has expired and you ordered a new Card, which you have not received, please contact us.

9.6. Once your Card has been renewed, these Terms & Conditions continue to apply.

9.7. Funds on your current Card will not be automatically transferred to your renewed Card. You will need to request the transfer of funds when you order the new Card.

9.8. You have a legal right to cancel your Card up to 14 (fourteen) days following the date in which you have applied and paid for your Card (the “Cooling-Off Period”). You will not be entitled to a refund of money you paid for your Card and money you have already spent on transactions authorised or pending, or any fees incurred using the Card before it is cancelled.

9.9. Under these Terms & Conditions, you also have the right to cancel your Card at any time after the Cooling-Off Period. You will not be entitled to a refund of money you paid for your Card and money you have already spent on transactions authorised or pending, or any fees incurred using the Card before it is cancelled. You may be charged an additional fee for terminating these Terms & Conditions before expiration thereof.

9.10. You may cancel your Card by sending an email to us using the “Contact Us” facility on the Website. Once we have received the necessary information, the refund of the funds remaining on your Card will be processed. We may ask you to verify your identity to proceed with the request. Cancellation via our Website will not take immediate effect and we will not be responsible for any delay of the cancellation as a result.

9.11. If your Card is cancelled for any reason, we will immediately block your Card so it cannot be used.

9.12. If you cancel your Card, once all transactions and fees have been deducted, we, together with the Partner, will arrange for any unused funds to be refunded to you. An administration fee of 2.9% will be charged unless you have arranged to transfer any unused funds to another Card managed by us or you cancel your Card within 14 (fourteen) days of paying for it.

9.13. We may cancel your Card immediately, if:

9.13.1. We suspect fraud or misuse of your Card;
9.13.2. You violate terms set out in these Terms & Conditions;
9.13.3. You fail to pay fees or charges that you have incurred or fail to cover any Shortfall;
9.13.4. We have any other security concerns; or
9.13.5. We need to do so to comply with the applicable law.

9.14. If we cancel your Card, we will let you know as soon as we are legally allowed to do so after we have taken this step. You will have to inform us what you want to do with your unused funds within 3 (three) months following your Card cancellation notice.

9.15. Following the expiry or cancellation of your Card, you must take all reasonable steps to dispose of your Card securely.

10. PRICING AND FEES

10.1. Jubiter service fees are not fixed and can change. The current pricing schedule and fees are available on the Website. We may make immediate changes to the exchange rate used to convert transactions undertaken in a currency other than the currency of your Card.

10.2. Jubiter reserves the right to amend its fees set out in these Terms & Conditions at its own discretion.

10.3. Our fees are charged immediately and automatically once your transaction or other use of our service is completed. Fees will be deducted from your Card balance.

10.4. Jubiter, together with the Partner, reserve the right to suspend the use of the Card/Account or unilaterally charge/set-off overdue payments from your Card if you fail to pay for Jubiter services within the period agreed in these Terms & Conditions.

10.5. It is your responsibility to determine what, if any, taxes apply to your transactions that you engage in by using the Card, and it is your responsibility to collect, report and remit the correct tax to the appropriate tax authority. Jubiter is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting or remitting any taxes arising from any transaction.

10.6. Jubiter does not remunerate fees of banks or intermediaries, payment transfer and/or receipt charges or other applicable fees of third parties. Therefore, the amount of funds you add/redeem to/from your Card may be smaller.

10.7. You can access your fees history on your Account or the portal made available to you by the Partner. We do not charge any fees for checking your balance and transactions online. However, when you use your Card at an ATM for balance enquiries, you may be subject to applicable fees, surcharge rules and regulations of the relevant ATM, or other financial institution or association.

10.8. Jubiter reserves the right to demand a fee and/or remuneration from you for the provision of additional services provided by Jubiter or third parties acting on behalf of Jubiter.

11. REFUNDS

11.1. You may request a refund of the funds on your Account in relation to incorrectly executed transactions. To do so, please send us an email using the “Contact Us” facility on the Website requesting a refund.

11.2. Your funds will not be refunded, if

11.2.1. We have any reason to believe that the incident has been caused by a breach of these Terms & Conditions or gross negligence;
11.2.2. We have reasonable grounds to suspect fraudulent activity on your behalf;
11.2.3. An investigation shows that any disputed transaction was in fact authorised by you.

11.3. If you have acted fraudulently or with gross negligence (for example by failing to keep your Account secure), you may be liable for any loss we incur due to such use of the Account.

11.4. Due to legal requirements applicable to us, you might be required to provide us with additional information regarding your refund request. We aim to complete refund requests within 30 (thirty) days.

12. FUNDS PROTECTION

12.1. The Card is an electronic money product and although it is a product regulated by the relevant financial authorities, it is not covered by any insurance. No other compensation scheme exists to cover losses claimed in connection with the Card. This means that in the event that Partner becomes insolvent you may lose your money loaded into the Card.

12.2. As a responsible card issuer or programme manager thereof, Partner ensures that once it has received your funds they are deposited in a secure account, specifically for the purpose of redeeming transactions made by using your Card. Therefore, your funds are safeguarded against insolvency. In the unlikely event that Partner becomes insolvent, funds that you have loaded and have been successfully deposited by Partner are protected by law against the claims made by creditors.

12.3. Any funds received by Jubiter and/or Partner from you shall not constitute either a deposit or other repayable funds.

13. SECURITY

13.1. We are committed to encrypting your Account data and take other security measures such as the use of firewalls, antivirus software and SSL certificates to store your Account data safely.

13.2. In case the security of the Account is compromised, we reserve the right to suspend access to the Account so that we can ensure safe and comprehensive functioning of the Account. We are not responsible for any losses incurred due to such a suspension of access to the Account.

13.3. You must use reasonable and appropriate safety measures to keep your Card safe. You must not let anyone else use your Card. If it is lost or stolen, you may lose some or all of your funds loaded on your Card which will not be reimbursed by Jubiter.

13.4. Even if you do not actively use your card, we recommend to regularly check your Card balance via the Website so that you are able to identify any suspicious activity.

13.5. You must inform us without undue delay by calling us or via the Website, if:

13.5.1. You become aware or suspect that your Card is lost, stolen or unusable;
13.5.2. The password or other data used to access the Account/Card have been compromised;
13.5.3. You suspect a transaction has been executed incorrectly (including non-executed and defectively executed).

13.6. Any undue delay may result in you being liable for any consequent losses. If you suspect that your Card is being used by someone else, you should also contact the police and report the incident.

13.7. If you inform us about cases mentioned above, we, together with the Partner, will investigate any disputed transaction or misuse of your Card. We may need additional information and assistance from you in order to conduct such an investigation.

13.8. If, after reporting the loss of your Card, you subsequently find the Card details, you must not use it and you should destroy it.

14. LIABILITY AND INDEMNIFICATION

14.1. You are responsible for actions performed by using the Account/Card.

14.2. You must act in accordance with these Terms & Conditions and the applicable laws and refrain from any action that may cause damage to the Card and/or Jubiter.

14.3. Jubiter shall not be liable in case of loss due to the fact that you, regardless of Jubiter's recommendations, did not get familiar with these Terms & Conditions.

14.4. Jubiter shall not be liable for an insecure computer and/or Internet connection used by you.

14.5. You agree to defend and indemnify Jubiter and its employees, shareholders, officers and anyone on their behalf, from any claim or demand, including reasonable legal expenses (such as attorney's fees) arising from your failure to comply with these Terms & Conditions, your violation of any law, or the breach of rights of any third party.

14.6. Jubiter is not responsible for information provided in other websites, even if you follow links to those websites from the Website.

14.7. Jubiter does not have control over, and is not liable for, the products or services that are paid for with your Card or the risks associated with your business/transaction partners.

14.8. Jubiter takes no responsibility for, and will not be liable for, any financial loss arising from the use of your Account and/or Card, including but not limited to:

14.8.1. Loss due to technical faults, which result in a loss of ability to access your Account/Card;
14.8.2. System hacks;
14.8.3. Server failure or data corruption/loss;
14.8.4. Technical faults of Mastercard or Visa (as the case may be) systems;
14.8.5. Forgotten passwords;
14.8.6. Unauthorised access to your Account/Card.

14.9. In addition, Jubiter will not be liable for:

14.9.1. Business interruption, loss of revenue, goodwill, opportunity or anticipated savings;
14.9.2. Any loss arising from any cause, which results from abnormal or unforeseen circumstances beyond our control, consequences which would have been unavoidable despite all our efforts to the contrary;
14.9.3. any indirect or consequential loss; or
14.9.4. A merchant refusing to accept your Card.

14.10. We shall not be liable in any event, if:

14.10.1. The Partner does not authorise a transaction;
14.10.2. If we, together with the Partner, cancel or suspend the use of your Card.

14.11. Unless otherwise required by law, we shall not be liable for:

14.11.1. Any direct or indirect loss or damage you may incur as a result of your use or inability to use your Card; or
14.11.2. The use of your Card by any third party.

14.12. We, together with the Partner, may restrict or refuse to authorise any use of your Card in any jurisdiction if using the Card is causing or could cause a breach of these Terms & Conditions or if we suspect criminal or fraudulent use of the Card.

14.13. You are responsible for all authorised transactions on the Card. If we determine that you acted fraudulently or with gross negligence, you shall be liable for all losses and damages.

14.14.You are responsible for the security of your Card and computers or interfaces. Jubiter accepts no responsibility for any loss or damages if you provide Jubiter with wrong or false information, including but not limited to personal data. Jubiter is not responsible for payments made by you to an incorrect merchant or an incorrect bank account.

14.15. Jubiter shall not be liable in any event where a merchant refuses to accept your Card, or if your transaction is not authorised, or if we cancel or suspend use of your Card, to the extent permitted under these Terms & Conditions and the applicable laws. Unless otherwise required by law, we shall not be liable for any direct or indirect loss or damage you may incur as a result of your total or partial use or inability to use your Card, or the use of your Card by any third party.

14.16. Unauthorised transactions will be refunded if you notify us of such transaction, unless:

14.16.1. There is evidence that you acted fraudulently or have with intent or gross negligence failed to comply with these Terms & Conditions, in which case we will carry out a prompt investigation to determine whether the transaction was unauthorised; or
14.16.2. The Card was lost or stolen or you have failed to keep your Card details safe from misappropriation, in which case you will be liable for all relevant losses for each instance of loss, theft or misappropriation.

14.17. Jubiter, together with the Partner, reserve the right to investigate any disputed transaction or misuse of your Card before and after a refund. In the event that you do not use your Card in accordance with these Terms & Conditions or we find that you are using your Card fraudulently, we reserve the right to charge you for any reasonable costs that we incur in taking action to stop your use of your Card and to recover any amount owed as a result of your activities.

14.18. You will be liable for all losses, costs and expenses incurred by us or the Partner in respect of an unauthorised payment transaction where you have acted fraudulently or have with intent or gross negligence failed to comply with these Terms & Conditions, and will reimburse all such losses, costs and expenses on demand and on an indemnity basis.

14.19. You will be liable if and to the extent that a transaction made by you exceeds the limit applicable to your Card.

15. DISPUTES WITH MERCHANTS

15.1. If you have any disputes about purchases made using your Card, you should settle these with the person you bought the goods or services from.

15.2. We are not responsible for the quality, safety, legality or any other aspect of any goods or services purchased with your Card.

15.3. Jubiter has no responsibility to ensure that the person you bought the goods or services from completes a transaction with you or delivers the product/service to you.

15.4. Once you have used your Card to make a purchase, the transaction cannot be stopped or retrieved by us and cannot be revoked or withdrawn by you.

16. COMPLAINTS

16.1. Our aim is to provide the highest possible standard of service to all our customers. If, however, you are unhappy in any way with your Card or the way it is managed or have any other complaint in connection with your Card, please let us know by using the “Contact Us” facility on the Website.

16.2. We will endeavour to deal with any complaint you may have quickly and fairly, and will notify you of the outcome of our investigation.

17. PRIVACY AND DATA PROTECTION

17.1. In order to use the Card, you shall agree and comply with the procedures and conditions set out in Jubiter’s Privacy Policy (available on the Website).

17.2. By accepting these Terms & Conditions and using your Card, you agree for Jubiter to manage your personal data with an aim to provide services to you and execute other responsibilities under these Terms & Conditions. Personal data is used to the extent necessary to provide services to you and execute these Terms & Conditions. Personal data is used in accordance with regulatory requirements and Mastercard or Visa (as the case may be) rules.

17.3. By accepting these Terms & Conditions and using your Card, you confirm that you have provided correct data about yourself in every required form and that thereafter, when changing or adding any data on the Website or otherwise, you will provide only correct data. Jubiter will have zero tolerance for invalid, false or otherwise incorrect data and will pursue actions in accordance with its legal obligations. You shall bear any losses that occur with regard to the submission of invalid, false or otherwise incorrect data.

17.4. If we suspect that we have been given false or inaccurate information, we may record our suspicion together with any other relevant information. Personal data may also be transferred confidentially to other organisations involved in issuing or operating your Card so that we can administer your Card correctly.

17.5. You are responsible for maintaining adequate security and control of every identification number, password and/or any other code that you use to access the Account and/or the Card. If you have not complied with this obligation and/or could but have not prevented it and/or performed it on purpose or due to own negligence, you assume the loses and undertake to reimburse the losses of other persons incurred as a result of your (in)action.

17.6. We may obtain information about you to help us verify your identity for fraud prevention and/or money laundering. All personal information given by you may be checked with fraud prevention agencies and other organisations involved in crime prevention and may be used for the investigation of fraudulent activity and crime prevention to meet our obligations under the card scheme regulations, and if you have given false or inaccurate information and we suspect fraud we will record this.

17.7. We may monitor and/or record telephone calls we have with you to help us maintain and improve the quality of our customer service or as required by applicable law.

18. COPYRIGHT

The URLs representing the Website, the brand name “Jubiter”, and all related logos of our services described on our Website, are either copyrighted by Jubiter or are trademarks of Jubiter. In addition, all page headers, custom graphics, design, button icons, scripts, source codes and/or content are copyrighted by Jubiter. You may not copy, imitate, modify, alter, amend or use them without our prior written consent. All content on the Website is the exclusive property of Jubiter.

19. TERM AND TERMINATION

19.1. These Terms & Conditions are open-ended and will be binding from the time you successfully register for the Account and use the Card until these Terms & Conditions are terminated for whatever reason. You may close your Account and cancel your Card and terminate these Terms & Conditions at any time by logging in to your Account and follow the instructions there. Account closure shall mean the termination of these Terms & Conditions.

19.2. At any time and for any reason at its sole discretion, Jubiter, together with the Partner, may terminate these Terms & Conditions, your access to your Account and/or the Card and may halt any pending transactions. We might be required by law or there might be reasonable need (e.g. due to a fraudulent activity) for the termination to happen immediately and without notice. Jubiter shall have no liability or obligation due to the termination of these Terms & Conditions.

19.3. These Terms & Conditions will automatically terminate without notice to you upon cancellation of your Card (if it is not renewed).

19.4. You may not close your Account to evade an investigation on your fraudulent activities. If you attempt to close your Account while we are conducting an investigation, we may hold your funds to protect Jubiter or a third party against the risk of reversals, chargebacks, claims, fees, fines, penalties and other liabilities of whatever nature. You will remain liable for all obligations related to your Account and/or Card even after the Account and/or the Card is closed.

19.5. In case of termination of these Terms & Conditions, Jubiter will deduct from your Account money amounts payable for Jubiter services provided to you, as well as fines, forfeits, losses and other amounts paid to third parties, which Jubiter has incurred due to your fault. In case the amount of money on your Account is insufficient, you undertake to transfer indicated amounts to your Jubiter Account within 3 (three) business days. In case Jubiter regains all or part of the amounts paid to third parties, Jubiter undertakes to return the regained amounts to you immediately. Termination of these Terms & Conditions does not exempt you from any liabilities you incurred under these Terms & Conditions prior to their termination.

20. AMENDMENTS

20.1. We may from time to time, at our sole discretion, amend, modify, update and change any of the provisions of these Terms & Conditions or any of the terms and conditions contained in any policies or rules governing the Account and/or the Card, including without limitation as a result of legal and regulatory changes, security reasons or changes to our services.

20.2. Unless otherwise specified in these Terms & Conditions, we will notify you of any such amendment, modification, update or change by publishing a new version of these Terms & Conditions on the relevant page of the Website, or by notifying you by email, at our sole discretion. Unless otherwise specified in these Terms & Conditions or in any specific notification you receive from us, any new version of these Terms & Conditions will take effect 14 (fourteen) days after its publication on the Website (or earlier if required by any law, regulation or directive which applies to either us or you). Your continued use of the services hereunder after this period will be deemed to constitute your acceptance of such new version of these Terms & Conditions.

20.3. We advise that you check for updates to these Terms & Conditions on a regular basis.

20.4. If we change these Terms & Conditions in a way that reduces your rights or increases your responsibilities, we will provide you with 30 (thirty) days' prior notice by posting notice on our Website or notifying you by email.

20.5. Changes to these Terms & Conditions will be deemed to have been accepted by you where you do not, before the proposed date of the entry into force of the changes, notify us to the contrary. If you do notify us to the contrary, your notification will be deemed to be a notice that you wish to cancel your Card and terminate these Terms & Conditions on the date upon which the changes are to take effect.

20.6. Changes to the limits of your Card that are necessary in order for us to comply with legal requirements and other changes, which neither reduce your rights nor increase your responsibilities, will not be explicitly notified. You can always check your limits by logging into your Account.

21. GOVERNING LAW AND DISPUTE RESOLUTION

These Terms & Conditions and the relationship between you and us with respect to the subject matter herein shall be governed by, and interpreted in accordance with, the laws of Estonia. Any disagreements or disputes between you and Jubiter arising from these Terms & Conditions shall be settled by negotiations between you and Jubiter. In case of failure to reach an agreement in 14 (fourteen) days, you irrevocably agree for your and our benefit that the courts of Estonia shall have jurisdiction to settle any suit, action or other proceedings relating to the Terms & Conditions (“Proceedings”) and irrevocably submit to the jurisdiction of such courts (provided that this shall not prevent Jubiter from bringing an action in the courts of any other jurisdiction), and you irrevocably waive any objection which you may have at any time to the laying of venue of any Proceedings brought in any such court and agree not to claim that such Proceedings have been brought in an inconvenient forum or that such court does not have jurisdiction over it.

22. MISCELLANEOUS

22.1. By accepting these Terms & Conditions and using the Card, you confirm that you have read these Terms & Conditions, understood their terms, conditions and consequences.

22.2. If any section or portion(s) of these Terms & Conditions is declared invalid by any court of competent jurisdiction or a government agency with the power to do so, the remainder of these Terms & Conditions, and the application of such provision to persons or circumstances other than those to which it is held invalid by such court, shall not be affected thereby, and these Terms & Conditions shall remain in full force and effect. To the extent possible, the parties shall reform such invalidated section or portion(s) thereof in a manner that will render such provision valid without impairing the parties' original intent.

22.3. All notices, consents and other communication of the parties related to these Terms & Conditions shall be delivered via email or registered post/courier if Jubiter requests such type of delivery.

22.4. Jubiter has the right to revoke these Terms & Conditions if you do not comply therewith, act in a fraudulent or illegal way, and engage in unauthorised transmission or use of personal data.

22.5. We may assign, transfer or subcontract our rights and obligations under these Terms & Conditions to another company at any time, provided however that your rights will not be affected thereby.

22.6. These Terms & Conditions are personal to you and you may not assign or otherwise transfer your rights and obligations arising therefrom.