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TERMS OF SERVICE

Terms of Service for Merchants

1. INTRODUCTORY PROVISIONS

1.1 These Terms of Service (“TOS”) form an indivisible part of CRYPTOCURRENCY EXCHANGE CONTRACT (“Contract”) executed between FIMA Plus (“Exchanger”) and Merchant.

2. PROCESS OF CRYPTOCURRENCY EXCHANGE

2.1 The process of cryptocurrency exchange as determined herein pertains only to cryptocurrencies that are subject to the Contract. 
2.2 Merchant authorizes Exchanger to automatically transfer cryptocurrencies received via Software from Merchant's Wallets to Exchanger at any time during the billing period. 
2.3 Upon receipt of Merchant’s cryptocurrencies, Exchanger will execute the exchange and process the settlement by transferring a corresponding amount of Kuna/Euro currency to Merchant as determined by the Contract. 
2.4 The minimum amount of Merchant’s collected cryptocurrencies to be eligible for exchange is in the equivalent of 350.00 HRK/ 50.00 EUR.

3. BILLING PERIOD AND SETTLEMENTS

3.1 The regular billing period is set on a weekly/monthly basis.
3.2 Billing is not executed and settlement not processed until the value of the total cryptocurrencies in the Merchant's Wallets exceeds EUR 50.00. Settlements are processed no later than two (2) business days after sending the billing.
3.3 If the total value of a cryptocurrency in the Merchant's Wallets exceeds 7500.00 HRK/ 1,000.00 EUR before the end of a current billing period, the settlement is processed in two (2) business days after the day the total value of a cryptocurrency in the Merchant's Wallets exceeded 7500.00 HRK/ 1,000.00 EUR.

4. AMENDMENTS

4.1 Exchanger reserves the right to change any and all provisions of TOS at any time, with 10 day notice sent to Merchant’s email address. 
4.2 By continuing to use the Exchanger's services under this Contract, Merchant agrees with TOS as amended.

 

These Terms apply from 04 March 2019


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