GENERAL TERMS AND CONDITIONS

  1. GENERAL CONDITIONS AND DEFINITIONS

  1. In order to use POKLET APP you must agree to General Terms and Conditions, including WALLETTO Prepaid Card Terms and Conditions as they constitute an integral part of the General Terms and Conditions (the “General Terms and Conditions)”.
  2. These General Terms and Conditions will form part of the legal agreement between you (parent/guardian) and us – POKLET, UAB and WALLETTO, UAB. There is no legal agreement between POKLET, UAB or WALLETTO, UAB and any children you allow to use POKLET APP and Services.
  3. By registering as a user of POKLET APP you agree to be legally bound by General Terms and Conditions. By connecting your child’s account, as a parent or guardian, you allow and consent to your child’s use of the POKLET APP and POKLET Services, WALLETTO IBAN account and WALLETTO Prepaid Card, as children may use POKLET APP only under parent/guardian permission. A child’s account which is not connected to an account belonging to its parent or guardian within 90 days will be deleted.
  4. IF YOU DO NOT AGREE TO THESE TERMS, YOU OR ANY CHILD UNDER YOUR PARENTAL RESPONSIBILITY MAY NOT USE POKLET SERVICES.
  5. These General Terms and Conditions apply to your use of the POKLET APP, WALLETTO IBAN account and WALLETTO Prepaid Card. Please read them carefully and keep a copy for your records. You can ask WALLETO or UAB POKLET at any time for a copy of these General Terms and Conditions, our current rates of Fees and the current Usage Restrictions by contacting us using one of the Contact Methods. You can also obtain a statement of recent Transactions made by you using your WALLETTO Prepaid Card via UAB POKLET.  
  6. In these Terms and Conditions: (Kindly note that WALLETO Prepaid Card Terms and Conditions sometimes indicate different abbreviations):

"UAB POKLET” means UAB Poklet (company number) 305534915, a company incorporated under the laws of the Republic of Lithuania with its registered office address at Švitrigailos str. 11K-109, LT-03228 Vilnius. UAB POKLET in WALLETTO Prepaid Card Terms and Conditions is referred as AGENT.

"POKLET APP" means the software application for mobile devices “Poklet” owned and operated by UAB Poklet where you can access your UAB POKLET Wallet information. POKLET APP in WALLETTO Prepaid Card Terms and Conditions is referred as AGENT APP.

“POKLET Services" means services provided by UAB Poklet – i.e. digital online tool (POKLET APP) intended to be used by children and parents/guardians to collaboratively manage pocket money in a safe and educational environment. POKLET Services consist of a version free of charge (Beginner version of POKLET Services) and a version available upon payment of a subscription fee (Premium version of POKLET Services). Additional terms apply for the Premium version of POKLET Services.

"Contact Methods" means the methods by which you may contact UAB POKLET:

"WALLETTO" means UAB Walletto (Company number 304686884) a company registered in Lithuania with its registered office at A. Goštauto str. 8-107, Vilnius, Lithuania and which is licensed and regulated by the Bank of Lithuania as an Electronic Money Institution in Lithuania;

"WALLETTO Card" means either of the WALLETTO Prepaid Card or the WALLETTO Virtual Card and "WALLETTO Cards" shall be construed accordingly;

"WALLETTO Prepaid Card" means the VISA card issued by WALLETTO Limited in your name and which is linked to your WALLETTO IBAN account. The WALLETTO Prepaid Card is an electronic money product regulated by the Bank of Lithuania – it is a prepaid card and not a credit or debit card and it can be used by you to carry out Transactions. For more details about your WALLETTO Prepaid Card including how you can use it, please refer to WALLETO Prepaid Card Terms and Conditions;

"WALLETTO Virtual Card" means the VISA virtual card generated by you via POKLET APP and linked to your UAB POKLET Wallet to enable you to carry out E-Commerce Transactions;

"WALLETTO IBAN account" means the prepaid account operated by WALLETTO and which is linked to your WALLETTO Card in order to fund Transactions;

 “E-Commerce Transaction” means a transaction initiated by you to purchase goods or services over the internet and which, for the avoidance of doubt, includes any such transactions initiated through a mobile device.

"Fees" means the fees which UAB POKLET and WALLETTO may charge you from time to time for UAB POKLET and WALLETTO operating and you using your WALLETTO IBAN account and WALLETTO Cards. These may include:

WALLETTO may also charge you reasonable fees for undertaking investigations where you request that a Transaction is refunded and where the circumstances outlined in clause 9.3 of WALLETTO Prepaid Card Terms and Conditions apply.

The amount of Fees can change over time and the applicable Fees at any time can be found via POKLET APP.

"VISA" means Visa Europe Ltd.;

"POKLET Privacy Policy" means UAB POKLET privacy policy which describes the basis upon which any personal data we collect from you, or that you provide to us, will be processed, handled and shared by us, as may be amended from time to time in accordance with its terms. A copy of POKLET Privacy Policy can be found at ______________;

"General Terms and Conditions" means these General Terms and Conditions, including WALLETTO Prepaid Card Terms and Conditions as they constitute an integral part of the General Terms and Conditions.

“Transaction” means any transaction which can be executed using your WALLETTO IBAN account and WALLETTO Cards including a POS Transaction, an E-Commerce Transaction and/or an ATM Transaction;

"User", "you" or "your" means the person who is identified as having applied for the POKLET Services, WALLETTO IBAN account and WALLETTO Cards through the registration at POKLET APP.

  1. PARENTS’/GUARDIANS’ AND CHILDREN’S USE OF THE SERVICE

  1. ​​ In order to use POKLET APP and Services you must be at least 18 years old and legally capable of entering into binding contracts.
  2. If you are under 18 years old, you must have your parent’s or guardian's consent to use POKLET APP and Services. Consent, according to these General Terms and Conditions is: invitation sent from a parent’s or guardian's POKLET APP account to register to POKLET APP or permission to use the POKLET APP and Services by accepting child’s invitation and pressing “consent” button”.
  3. Children (persons younger than 18 years old) may start using all the functions of the POKLET APP only:
  1. after receiving an invitation to register from a parent or guardian (i.e. you download the POKLET AP and send an invitation for a child to join the POKLET APP); or
  2. after receiving parent’s or guardian’s permission to use the POKLET APP and Services (i.e. if the child first downloads the POKLET APP, then he must send an invitation to parent or guardian and only after receiving parent’s or guardian’s permission, he will be able to start using the POKLET APP).
  1. As the parent or guardian of a child to whom you give permission to use POKLET APP and Services, you:
  1. authorize and agree that this child will use POKLET APP and Services;
  2. should ensure that your child is aware of how to use POKLET APP and Services;
  3. will be responsible for child's use of POKLET APP and Services, including all taxes, expenses incurred and purchases made (you are responsible for everything child does using POKLET APP and Services) as if you had done it yourself);
  4. give us informed consent to the collection, use and sharing of your and your child personal data in accordance with the terms of POKLET Privacy Policy, which may be found at POKLET APP;
  5. agree to acquaint the child with these General Terms and Conditions, POKLET Privacy Policy and WALLETTO Privacy Policy;
  6. should frequently monitor how your child is using POKLET APP and Services.
  1. Only one of parents/legal guardians may sign up to the POKLET APP as primary supporter and connect accounts of the children under their parental responsibility.

  1. YOUR PERSONAL INFORMATION

  1. UAB POKLET protects your privacy. UAB POKLET Privacy Policy sets out how UAB POKLET will use your Personal Data. You have to read UAB POKLET Privacy Policy carefully.  

  1. YOUR RESPONSIBILITIES

  1. Using POKLET APP and Services, you are responsible for:
  1. using POKLET APP and Services in compliance with these General Terms and Conditions.
  2. explaining to your child how to use your POKLET APP, Services and WALLETO card in line with these General Terms and Conditions
  3. submitting true, accurate, current and complete information which is needed in order to receive POKLET services and for making sure that the information is kept up to date and you have a right to share this information with UAB POKLET.
  4. keeping your password secure and confidential at all times and restricting access to the device you are using to access POKLET APP and Services to prevent unauthorised access to your POKLET account as you are responsible for all use of POKLET Services that occurs under your username.
  5. notifying UAB POKLET (suing Contact methods) immediately if you have any reason to believe that there has been an unauthorized access to your POKLET account (for example, device you are using to access POKLET APP and Services is stolen) or you have any reason to believe that your username, password, phone-number or any other related information have become known to anyone else.;
  6. any other requirements listed in these General Terms and Conditions.
  1. You are responsible that your child follows all responsibilities set out in these General Terms and conditions as well.
  2. Using POKLET APP and Services, you may not:
  1. use POKLET APP and Services for any commercial purposes or for any other purposes not related to the purpose of the POKLET Services (i.e to be used by children and parents/guardians to collaboratively manage pocket money in a safe and educational environment).
  2. copy (except as expressly permitted by these General Terms and Conditions), decompile, reverse engineer, disassemble, attempt to derive the source code, modify, or create derivative works of POKELT Services, any updates, or any part thereof. Scraping of any information contained in POKLET APP and Services is strictly prohibited.
  3. Use POKLET APP and Services in any way, which is illegal, harmful or may be considered offensive by UAB POKLET, WALLETTO, other Users or third parties.
  1. If you break any of these General Terms and Conditions, or if liabilities are incurred as a result of your use of POKELT APP or Services, you will be responsible for the costs and expenses, including legal fees, that UAB POKLET incur as a result. This will include any costs that result if someone else uses your personal information, or your POKLET account, unless you can prove that it has been used fraudulently.

  1. TERMINATION OR SUSPENSION OF POKLET SERVICES

  1. UAB POKLET reserve the right to terminate the agreement with you and suspend or terminate your use of and access to POKLET APP and Services if:
  1. You breach General Terms and Conditions;
  2. You fail to make a payment to UAB POKLET that is due;
  3. You provide any personal information which is untrue, inaccurate or incomplete;
  4. UAB POKLET suspect you have been or are engaged in fraudulent or illegal activity when using POKLET APP and Services;
  5. Your POKLET Account is inactive for a consecutive period of 365 days or more;
  6. You engage in any conduct which UAB POKLET believes, in its sole discretion, to be harmful to its business or to other POKLET APP users.
  1. You have the right to cancel the contract with UAB POKLET, which is set out in these Terms and Conditions, at any time with 30 days prior notice by contacting us using one of the Contact Methods or by requesting the same via POKLET APP.
  2. Upon termination of your agreement with UAB POKLET, you must stop using POKLET APP and Services.
  3. If a termination is due to your breach of these General Terms and Conditions, you will not be refunded any fees paid, if any.
  4. UAB POKLET may also cancel the contract with you with immediate effect and/ or suspend your access to POKLET APP and WALLETTO IBAN account if UAB POKLET believes your POKLET APP, WALLETTO IBAN account and/or WALLETTO Cards are deliberately being used by you or anyone else to commit fraud or for other illegal purposes. If UAB POKLET does this, UAB POKLET will tell you by phone or e-mail only to the extent to which UAB POKLET is permitted to do so by law and you must stop using your POKLET APP, WALLETTO IBAN account and your WALLETTO Cards immediately.
  5. If UAB POKLET, WALLETTO or you cancel the contract between us, then as soon as UAB POKLET and WALLETTO are permitted to do so (and normally within 5 Business Days after you contacted us where you cancel this contract), WALLETOO will return any balance remaining on your WALLETTO IBAN account (after the deduction of all pending Transactions and applicable Fees) to you. Please note that in order to comply with applicable legal and regulatory requirements, including anti-money laundering and terrorist financing requirements, UAB POKLET and WALLETTO may need:
  1. to verify your identity; and
  2. to return that Balance to the same bank account which has previously been used to top up your WALLETTO IBAN account.
  1. Once the contract between you, UAB POKLET and WALLETTO  has been cancelled, you will not be entitled to a refund of money you have already spent on Transactions authorised or pending, or any Fees for the use of your WALLETTO IBAN account or WALLETTO Cards incurred before the contract between you, UAB POKLET and WALLETTO  was cancelled.  
  2. UAB POKLET also has the right to terminate the agreement with you without giving any reason thereto. Upon such termination by UAB POKLET without cause, you will receive back all funds held on your POKLET APP and WALLETO cards.

  1. OWNERSHIP OF INTELLECTUAL PROPERTY RIGHTS

  1. All intellectual property rights (including without limitation trademarks, trade names, database rights and patents) are owned by UAB POKLET and its licensors
  2. You are granted a license with only a limited right to use POKLET Service subject to these General Terms and Conditions. The license does not allow you to use UAB POKLET name, trademarks or other commercial symbols.

  1. PROTECTION OF PERSONAL DATA

  1. In order to effectively provide services under this Agreement UAB POKLET will be exchanging your personal data with WALLETTO and receive your information from WALLETTO to the extent necessary to perform UAB POKLET obligations under this Agreement. The processing of personal data is discussed in the POKLET Privacy Policy, which can be found at POKLET APP.
  2. By entering this contract with UAB POKLET (by accepting these General terms and conditions) you explicitly authorise UAB POKLET to share such information as stipulated in clause 1 with WALLETTO.

  1. LIMITATION OF LIABILITY

  1. UAB POKLET make no warranty that that POKLET Services will meet your requirements or your access to POKLET APP will be delivered uninterrupted or error-free. Furthermore, despite of the fact that steps have been taken to ensure that POKLET APP is free from viruses, UAB POKLET make no warranty that POKLET APP (or website www.poklet.lt) will be free from viruses or other harmful properties. It is your responsibility to put in place satisfactory safeguards and procedures to make sure that any material you obtain through POKLET APP (or website www.poklet.lt) is free from contaminations or other harmful properties.
  2. UAB POKLET will use reasonable efforts to make POKLET APP, your WALLETTO IBAN account and WALLETTO Cards available to you, but UAB POKLET will not be liable to you for any loss or damage arising if it is not available to use at any time, or if access is interrupted.  
  3. UAB POKLET will not be liable to you for any loss arising from:
  1. any unauthorised Transaction where you acted fraudulently or where, with intent or gross negligence, you failed to use your POKLET APP, WALLETTO IBAN account and WALLETTO Cards in accordance with these Terms and Conditions;
  2. any abnormal or unforeseeable circumstances outside of UAB POKLET control, where UAB POKLET could not have avoided those consequences even though UAB POKLET made all efforts to do so;
  3. any merchant or ATM refusing to accept your WALLETTO Cards;
  4. UAB POKLET compliance with applicable legal or regulatory requirements.
  1. Under no circumstances UAB POKLET will be held liable for any direct, indirect, incidental or other kind of loss or injury resulting from your use, or downloading of any content from the POKLET APP.
  2. UAB POKLET is not responsible or liable for the validity and correctness of the content provided through and in connection with use of POKLET APP and Services. Any use of the information obtained through the use of POKLET Services shall be done at your own risk.
  3. UAB POKLET has taken measures in order to prevent internet fraud and to ensure that any data collected from you is kept safe and secure. However, in the event of a breach in UAB POKLET secure computer servers, UAB POKLET cannot be held liable.
  4. UAB POKLET is not responsible for delays or loss due to circumstances that we have no control over and which significantly impedes the fulfilment of the obligation in question or that causes the fulfilment of the obligation not being economically justifiable.

  1. TRANSFER OR ASSIGNMENT

  1. UAB POKLET may assign and transfer the rights and duties under these General Terms and Conditions to any third party without notifying you, unless this affects your rights under these General Terms and Conditions.

  1. CHANGES TO POKLET SERVICES AND GENERAL TERMS AND CONDITIONS

  1. UAB POKLET reserve the right at any time with or without a separate notice:
  1. modify or withdraw POKLET Services (or any part of them) without notice to you and will not be liable to you for any such modification or withdrawal;
  2. change the General Terms and Conditions by posting new versions of the General Terms and Conditions and your continued use of POKLET Services (or any part of them) following such change will be deemed to be your acceptance of such change.
  1. UAB POKLET will take into account your interests affected by the intended changes and will only make changes that UAB POKLET consider to be reasonable.
  2. Unless another date is given, new versions of General Terms and Conditions become effective 2 months after their publication on POKLET APP or www.poklet.lt.
  3. You will always find the latest version of General Terms and Conditions on POKLET APP or www.poklet.lt.
  4. In case of substantial changes, you will be notified thereof via POKLET APP message or via notice on www.poklet.lt and will have a right to terminate POKLET Services prior to their entry into effect.
  5. If you do not agree with the proposed change you must tell UAB POKLET via one of the Contact Methods before that change takes effect, otherwise you will be deemed to have accepted the change to the Terms and Conditions.  

  1. FEES AND USAGE RESTRICTIONS  

  1. By accepting these General Terms and Conditions and by applying for your WALLETTO IBAN account and WALLETTO Cards, you agree to pay the applicable Fees relating to your use of the WALLETTO IBAN account and WALLETTO Cards.  

FEE TITLE

FEE

DESCRIPTION

Monthly subscription fee

3.99 EUR/month for a 3-month subscription (11.97 EUR in total);

3.59 EUR/month for a 6-month subscription (21.54 EUR in total);

3.19 EUR/month for a 12-month subscription (38.28 EUR in total).

Monthly fee for using POKLET APP. This fee is paid in advance for the selected number of months. When a subscription expires, it must be renewed on the same basis (e.g., 3, 6, or 12 months).

If not extended, WALLETTO card is blocked and you can only use the free version.

Discounts may apply for this fee.

Loading fee for non-subscribers

0.49 EUR

The fee for each replenishment of your WALLETTO Virtual card for non-subscribers.  

Loading fee for subscribers

0.19 EUR

The fee for each replenishment of your WALLETTO Virtual card for subscribers.

Card issuance and delivery

4.99 EUR

Fee for WALLETTO Card production, issuance and delivery.

The fee is paid when ordering WALLETTO Card.

Card replacement and delivery

4.99 EUR

The fee is paid when the User wants to order a new WALLETTO Card as the old one is lost, blocked or in other situations.

FX mark-up

2.00 %

Currency exchange commission.

ATM disbursement SEPA

1% (min. 2 EUR)

The fee for withdrawal of funds from an ATM in the SEPA area.

ATM disbursement non-SEPA

2% (min. 2.50 EUR)

The fee for withdrawal of funds from an ATM in the non-SEPA area.

Chargeback handling

30.00 EUR

The fee for covering the administrative costs associated with the chargeback process.

 

  1. MISCELLANEOUS

  1. If you have a complaint about POKLET APP you can contact UAB POKLET using Contact Methods and UAB POKLET will aim to deal quickly and fairly with any complaints you have within 4 weeks of receiving your complaint. We will keep you informed of any progress or steps taken with regard to the resolution of your complaint.
  2. If any court or competent authority finds that any provision in these Terms and Conditions (or any part of any provision) is invalid, illegal or unenforceable, that provision (or part) shall, to the extent required, be deemed to be deleted, and the validity and enforceability of the other provisions of these General Terms and Conditions shall not be affected.
  3. These General Terms and Conditions are governed by Lithuanian law and are subject to the exclusive jurisdiction of the Lithuanian Courts. These General Terms and Conditions are in English and Lithuanian and all communications with you will be in English and/or in Lithuanian. The English language version of these General Terms and Conditions shall be controlling in all respects and shall prevail in case of any inconsistencies with translated versions, if any.

  1. TERMS AND CONDITIONS APPLICABLE ONLY IF YOU USE PREMIUM VERSION OF POKLET SERVICES

  1. Premium version of POKLET Services allows parents and children to transfer, hold and spend real money within the boundaries of POKLET APP and WALLETTO Card.
  2. Premium version of POKLET Services is provided upon a charge of a subscription fee and is complemented by prepaid card solution (more information about WALLETTO Card in the section WALLETO Prepaid card Terms and Conditions).
  3. The use of Premium version of POKLET Services is subject to payment of a subscription fee to UAB POKLET. UAB POKLET offers 3-month, 6-month and annual subscription options.  You are responsible for paying your subscription fee.
  4. If the subscription expires and is not renewed, then the WALLETO Card is permanently blocked. If you want to start using Premium version of POKLET Services again, then you will be provided with the new WALLETTO Card.
  5. In the event that you decide to terminate your subscription for Premium version of POKLET Services, we will assist you in contacts with WALLETTO regarding potential refunding of funds still held on your virtual account or on a child’s savings account or onto the prepaid card connected to your parent virtual account.
  6. UAB POKLET is not responsible for the safety, legality, quality or any other aspect of goods and services that may be purchased with the WALLETTO card.
  7. The fees will be charged to WALLETTO card that has to be assigned by the user when signing up for Premium version of POKLET Services
  8. Our current Fees, are set out at POKLET APP.
  9. UAB POKLET reserves the right to change Fees and pricing models from time to time. This will be displayed on POKLET APP and you will also receive specific information on any changes to the fees for Premium version of POKLET Services.
  10. In the event that there is no balance on the assigned WALLETTO card to allow for the payment of the subscription fee UAB POKLET may – in its sole discretion – terminate your agreement with UAB POKLET and terminate your use of and access to POKLET  Services.
  11. Upon your cancellation of your subscription, your card and accounts at WALLETTO will be closed down. No paid subscriptions will be repaid.

If you want to ask anything about General Terms and Conditions or want to make a request regarding certain information or POKLET Services, please contact UAB POKLET using Contact Methods .

These Terms were last updated on 11/20/2020

WALLETTO Prepaid Card Terms and Conditions

These Terms and Conditions apply to your use of the WALLETTO IBAN account and WALLETTO Prepaid Card. Please read them carefully and keep a copy for your records. You can ask us at any time for a copy of these Terms and Conditions, our current rates of Fees and the current Usage Restrictions by contacting us using one of the Contact Methods. You can also obtain a statement of recent Transactions made by you using your WALLETTO Prepaid Card via AGENT.  

The WALLETTO Prepaid Card is issued by UAB Walletto, electronic money institution authorised and regulated by the Bank of Lithuania as an Electronic Money Institution in Lithuania and a member of Visa Europe Limited. WALLETTO issues the e-money on your WALLETTO Card.  

In these Terms and Conditions:

“ATM” means an automated teller machine or cash dispenser bearing the VISA acceptance mark;

ATM Transaction” means a transaction carried out at an ATM to withdraw cash;  

"Balance" means the electronic money loaded in your WALLETTO IBAN account using the topping up method set out in clause 2 of these Terms and Conditions;

"Business Day" means any day (other than a Saturday or Sunday) on which banks in Lithuania are open for normal banking business;

"AGENT” means UAB Poklet, a company incorporated under the laws of the Republic of Lithuania with its registered office address at Švitrigailos str. 11K-109, LT-03228 Vilnius ;

"AGENT APP" means the software application for mobile devices “Poklet” owned and operated by AGENT where you can access your AGENT Wallet information.

"Contact Methods" means the methods by which you may contact AGENT:

"WALLETTO", "we", "us" or "our" means UAB Walletto (Company number 304686884) a company registered in Lithuania with its registered office at A. Goštauto str. 8-107, Vilnius, Lithuania and which is licensed and regulated by the Bank of Lithuania as an Electronic Money Institution in Lithuania;

"WALLETTO Card" means either of the WALLETTO Prepaid Card or the WALLETTO Virtual Card and "WALLETTO Cards" shall be construed accordingly;

"WALLETTO Prepaid Card" means the VISA card issued by WALLETTO Limited in your name and which is linked to your WALLETTO IBAN account. The WALLETTO Prepaid Card is an electronic money product regulated by the Bank of Lithuania – it is a prepaid card and not a credit or debit card and it can be used by you to carry out Transactions. For more details about your WALLETTO Prepaid Card including how you can use it, please refer to clause 4 below;

"WALLETTO Virtual Card" means the VISA virtual card generated by you via AGENT APP and linked to your AGENT Wallet to enable you to carry out E-Commerce Transactions; "WALLETTO IBAN account" means the prepaid account operated by WALLETTO and which is linked to your WALLETTO Card in order to fund Transactions;

 “E-Commerce Transaction” means a transaction initiated by you to purchase goods or services over the internet and which, for the avoidance of doubt, includes any such transactions initiated through a mobile device.

"Fees" means the fees which we may charge you from time to time for us operating and you using your WALLETTO IBAN account and WALLETTO Cards which form part of these Terms and Conditions as set out in the Annex to these Terms and Conditions. These may include:

We may also charge you reasonable fees for undertaking investigations where you request that a Transaction is refunded and where the circumstances outlined in clause 9.3 apply.

The amount of Fees can change over time and the applicable Fees at any time can be found via AGENT APP.

"VISA" means Visa Europe Ltd.;

"PIN" means the unique personal 4-digit identification number which is associated with your WALLETTO Prepaid Card and which can be used to authorise POS Transactions;  

"POS Transaction" means a transaction initiated by you to purchase goods or services at a point of sale;

"Privacy Policy" means WALLETTO's privacy policy which, together with these Terms and Conditions, describes the basis upon which any personal data we collect from you, or that you provide to us, will be processed, handled and shared by us, as may be amended from time to time in accordance with its terms and as further explained and defined in clause 17 of these Terms and Conditions. A copy of our Privacy Policy can be found at www.walletto.eu;

"Redemption Request" means a request from you to redeem your Balance in accordance with clause 10 of these Terms and Conditions;

"Terms and Conditions" means these terms and conditions and includes the current Fees and Usage Restrictions set out in the Annex below. The Privacy Policy also applies to the relationship between us but does not form part of the Terms and Conditions;

“Transaction” means any transaction which can be executed using your WALLETTO IBAN account and

WALLETTO Cards including a POS Transaction, an E-Commerce Transaction and/or an ATM Transaction;

"Usage Restrictions" means the usage restrictions applicable to your WALLETTO IBAN account and

WALLETTO Cards from time to time which form part of these Terms and Conditions, as set out the

Annex.  The Usage Restrictions applying at any time can be found via AGENT APP, and

"User", "you" or "your" means the person who is identified as having applied for the WALLETTO IBAN account and WALLETTO Cards through the registration with us of your full name, date of birth, residential address, email address and mobile phone number.

        1.         Applying for WALLETTO Cards

1.1 To apply for a WALLETTO IBAN account and WALLETTO Cards, you must be of full legal age in your country of permanent residence and hold a valid national photo ID issued in that country.  

        1.2         As part of this process, you have to:

(a) provide personal details (including your full name, date of birth, residential address, email address and mobile phone number) so that we may verify your identity; and

(b) read and accept these Terms and Conditions and our Privacy Policy.

        (c)         To carry a valid identity document (passport or ID card).

1.3       Where we are not able to verify your identity in accordance with clause 1.2. (a) above, we may ask that you provide further supporting documentation including scanned copies or photos of identification documentation (either your passport or ID card) and proof of your residential address until we are able to verify your identity successfully. If we are unable to verify your identity based on the documentation you have provided, in certain circumstances we may ask you to provide certified copies of the supporting documentation to help us verify your identity.

1.4      If you have not completed any of the steps set out in clause 1.2. and 1.3. above, you cannot complete the WALLETTO IBAN account and WALLETTO Prepaid Card application process.

        2.         Topping up your WALLETTO IBAN account  

2.1        Subject to the satisfactory completion of any required identity and other checks, you can top up your WALLETTO IBAN account as described in this clause 2 of these Terms and Conditions with funds to be used for Transactions.

2.2      The Balance on your WALLETTO IBAN account must never exceed any limits specified in the Usage Restrictions.

2.3      You may top up your WALLETTO IBAN account by making SEPA transfer to your WALLETTO IBAN account.  You may also top up your WALLETTO IBAN account by addressing such request to AGENT. Funds topped up in this way will be credited to your WALLETTO IBAN account without delay after the receipt of valid funding instructions by us.

2.4     We reserve the right to refuse to accept any particular top up transaction or to disable any particular topping up method without notice in the interests of preventing fraud, money laundering or any other criminal activity.

        3.         Your WALLETTO Cards

Your WALLETTO Prepaid Card 

3.1        Your WALLETTO Prepaid Card will be sent to your address as provided to us by you in accordance with clause 1.2. (a) above.

3.2     Delivery of your WALLETTO Prepaid Card should occur within 5-10 Business Days of your successful application for a WALLETTO Prepaid Card. If you do not receive your WALLETTO Prepaid Card within 10 Business Days, you must contact us immediately using one of the Contact Methods.  

3.3     When you receive your WALLETTO Prepaid Card, you must sign the reverse immediately. To activate your WALLETTO Prepaid Card, you will be asked to provide certain details including your full name and date of birth. Once your WALLETTO Prepaid Card is activated, you can carry out Transactions using your WALLETTO Prepaid Card in accordance with clause 4.

Your WALLETTO Virtual Card  

3.4        Your WALLETTO Virtual Card will be automatically generated in AGENT APP. You will be able to open and request your WALLETTO Virtual Card by following the instructions in the relevant section of AGENT APP.  

3.5        Your WALLETTO Virtual Card will include all of the details you would expect to see on a plastic card, including the card number, expiry date and CVV number (i.e. the 3-digit code on the reverse of the card).  

3.6   Your WALLETTO Virtual Card will be stored in the password-protected section of AGENT APP and you will need to enter your password each time you would like to view it.

        4.         Using your WALLETTO Prepaid Card  

4.1       Once your WALLETTO Prepaid Card is activated and subject to these Terms and Conditions as well as Usage Restrictions in each case, you can use:

  1. your WALLETTO Prepaid Card to carry out POS Transactions and E-Commerce

Transactions or to execute an ATM Transaction; and

  1. your WALLETTO Virtual Card to carry out E-Commerce Transactions, provided VISA payments are accepted in each case.  
  1. We cannot guarantee that a particular retailer, ATM or online merchant will accept your WALLETTO Card - you must check with the relevant retailer, online merchant or check the ATM signage before attempting to make a Transaction.  
  2. You should make sure there are sufficient funds available in your WALLETTO IBAN account to cover the amount of a Transaction and any applicable Fees – you will only be able to carry out Transactions using your WALLETTO Card to the extent of your Balance. Any Transaction you make using your WALLETTO Card will be deducted from the funds held in your WALLETTO IBAN account.  
  3. The Fees and Usage Restrictions applying to your WALLETTO IBAN account and your WALLETTO Cards are set out in the Annex to these Terms and Conditions.

        5.         Authorising Transactions  

5.1      You will be asked to authorise each Transaction at the time it is initiated by you through the WALLETTO Prepaid Card or WALLETTO Virtual Card as applicable. A Transaction will be regarded as authorised by you where you:

  1. authorise a POS Transaction by following the instructions provided by the merchant or retailer to authorise the POS Transaction which might include: (i) entering your PIN; (ii) signing a sales voucher; (iii) inserting your WALLETTO Prepaid Card into a card reading device for the purpose of making a payment; (iv) swiping your WALLETTO Prepaid Card through a card reader;  
  2. authorise an E-Commerce Transaction by following the instructions provided by the merchant or retailer to authorise the E-Commerce Transaction and by providing the WALLETTO Prepaid Card or WALLETTO Virtual Card details and/or any other details as requested; or  
  3. authorise an ATM Transaction by inserting your WALLETTO Prepaid Card and entering your PIN to request a cash withdrawal.  
  1. Subject to clause 5.3 below, you can withdraw or revoke your authorization for a Transaction at any time until the authorization is received by us, using one of the Contact Methods. Authorization for a Transaction may not be withdrawn or revoked by you once it is received by us although in the case of a POS Transaction, the merchant may give you a refund.
  2. Your authorisation for a POS Transaction, an E-Commerce Transaction or for an ATM Transaction will be received by us at the time we receive the POS Transaction or E-Commerce

Transaction instruction from the merchant acquirer or at the time we receive the ATM Transaction instruction from the ATM acquirer, respectively.  All of these authorisations will be received by us almost instantaneously and it is unlikely that you will be able to withdraw your authorisation for a Transaction before this time.  

6.         Blocking your WALLETTO IBAN account and your WALLETTO Card and refusing Transactions made with your WALLETTO Card

6.1     We may at any time suspend, restrict or cancel your WALLETTO IBAN account and/or your WALLETTO Cards, or suspend or restrict access to AGENT APP or refuse to issue or replace the WALLETTO Cards for reasons relating to the following:

  1. we are concerned about the security of the WALLETTO IBAN account and/or of the WALLETTO Cards that we have issued to you;  
  2. we suspect your WALLETTO IBAN account and/or WALLETTO Cards are being used

in an unauthorised, illegal or fraudulent manner;

  1. we need to do so to comply with the law of any jurisdiction;  
  2. you tell us that your WALLETTO Prepaid Card is lost or stolen as further detailed in clause 9; or
  3. if the contract between us has been cancelled as further detailed in clause 7.
  1. Unless informing you would compromise reasonable security measures or otherwise be unlawful, where practicable we will inform you by phone or email, giving our reasons, before suspending, restricting or cancelling your WALLETTO IBAN account and/or your WALLETTO Cards or suspending or restricting access to AGENT APP or refusing to issue or replace the WALLETTO Cards. If it is not practicable to inform you in advance and unless doing so would compromise reasonable security measures or otherwise be unlawful, we will inform you immediately afterwards, giving our reasons.
  2. We will unblock your WALLETTO IBAN account and/or your WALLETTO Cards and allow you to regain access to AGENT APP as soon as practicable after the reasons for stopping its use cease to exist and will inform you by phone or email when we have unblocked your WALLETTO IBAN account and/or your WALLETTO Cards and allowed you to regain access to AGENT APP.
  3. We may refuse to carry out a Transaction:
  1. if we believe that you are acting in breach of these Terms and Conditions;
  2. if we believe that a Transaction is potentially suspicious or illegal;  
  3. if the value of the Transaction you are attempting to make plus any applicable Fees is in excess of your Balance; or  
  4. if we are unable to carry out the Transaction due to errors, failures (whether mechanical or otherwise) or refusals caused by merchants, ATM operators, payment processors, card networks or payment schemes who are processing Transactions.
  1. If we refuse to carry out a Transaction, unless informing you would compromise reasonable security measures or be otherwise unlawful, we will inform you at the earliest opportunity and in any event by the end of the Business Day following the day we have received the Transaction request.  Normally we will inform you with an error message on the merchant's or ATM operators’ terminal or website and if applicable, a receipt showing that the Transaction has not been successful, although in some instances we may inform you by phone or e-mail.  You can contact AGENT using any of the Contact Methods to ask for the reasons for refusing to carry out that Transaction and for an explanation of how you can correct any information we hold that led to our refusal to approve a Transaction.
  2. You may correct any information we hold and which may have caused us to refuse a Transaction by contacting us via any Contact Method.

        7.         Cancelling your contract with us

7.1     The contract between us which is set out in these Terms and Conditions will continue until cancelled in accordance with this clause 7. Your WALLETTO Card will be valid for the period ending on the last calendar day of month indicated on your WALLETTO Card, at which point we shall expect you to contact us and specifically request the renewal WALLETTO Card.

7.2     You have the right to cancel the contract between us, which is set out in these Terms and Conditions, at any time with 30 days prior notice by contacting us using one of the Contact Methods or by requesting the same via AGENT or AGENT APP.  

7.3        We may cancel the contract with you, with immediate effect, by giving written notice if you break an important part of these Terms and Conditions, including:  

  1. if you repeatedly break these Terms and Conditions and fail to resolve the matter to our satisfaction in a timely manner;  
  2. if you act in a manner that is threatening or abusive to our staff or anyone acting on our behalf;  
  3. if you fail to pay when due any Fees or charges that you have incurred; or                                     (d)         in the event of your death or incapacity.
  1. We may cancel the contract with you for any reason by giving you at least 2 months' written notice.
  2. We may also cancel the contract with you with immediate effect and/ or suspend your WALLETTO IBAN account (including access to it via AGENT APP) if we believe your WALLETTO IBAN account and/or WALLETTO Cards are deliberately being used by you or anyone else to commit fraud or for other illegal purposes. If we do this, we will tell you by phone or e-mail only to the extent to which we are permitted to do so by law and you must stop using your WALLETTO IBAN account (or attempting to access it via AGENT APP) and your WALLETTO Cards immediately.
  3. If we or you cancel the contract between us, then as soon as we are permitted to do so (and normally within 5 Business Days after you contacted us where you cancel this contract) we will return any Balance remaining on your WALLETTO IBAN account (after the deduction of all pending Transactions and applicable Fees) to you. Please note that in order to comply with applicable legal and regulatory requirements, including anti-money laundering and terrorist financing requirements, we may need:
  1. to verify your identity; and
  2. to return that Balance to the same bank account which has previously been used to top up your WALLETTO IBAN account.

7.7       Once the contract between us has been cancelled, you will not be entitled to a refund of money you have already spent on Transactions authorised or pending, or any Fees for the use of your WALLETTO IBAN account or WALLETTO Cards incurred before the contract between us was cancelled.  

        8.         Keeping your WALLETTO Prepaid Card secure  

8.1       It is important that you take all reasonable care and precautions to keep your WALLETTO IBAN account details and your WALLETTO Cards and details safe and you must not allow your WALLETTO Cards to be used by anyone else. You must also keep your PIN safe and you must not disclose it or allow it to be used by anyone else.  

8.2          If your WALLETTO Prepaid Card is lost or stolen, or if you suspect that someone else knows your PIN, please follow the instructions set out in clause 9 below. If someone else uses either of your WALLETTO Cards without your consent and you have not informed us in accordance with your obligations in clause 9, you may lose funds held in your WALLETTO IBAN account in the same way as if you lost cash in your wallet or purse.  

8.3        You must keep your PIN secret at all times. You should never disclose this security information to anyone. If you suspect that someone else knows your PIN, you should tell AGENT as soon as possible using one of the Contact Methods so that AGENT can give you information on how to change these details.  

8.4      We have the right to disable your WALLETTO Prepaid Card, at any time, if in our reasonable opinion you have failed to comply with any of the provisions of these Terms and Conditions.

8.5     We recommend that you check your Transaction history through AGENT APP on a regular basis to identify any potential unauthorised use of your WALLETTO Cards and to check for Transactions which you do not recognise. We will provide you with a statement of Transactions through AGENT APP on a monthly basis and you shall keep that statement for your records for at least 18 months. Your statement will show:

  1. information relating to each Transaction which will enable it to be identified;  
  2. the amount of each Transaction shown in the currency in which that Transaction was paid or debited to your WALLETTO Card;  
  3. the amount of Fees for each Transaction (where applicable);  
  4. the exchange rate (where applicable) which applied to each Transaction; and
  5. for each Transaction, the date on which your authorisation was received by us as described in clause 5.3. of these Terms and Conditions.

        9.         Reporting security breaches and unauthorised or incorrectly executed Transactions  

        9.1         If you know or suspect that:  

  1. your WALLETTO Card has been lost, stolen or misappropriated, or  
  2. your PIN or any other security information is misappropriated or known or used by someone who is not authorised to use it,  

you must tell AGENT immediately by calling on the Service Hotline.

  1. If you think a Transaction that was not authorised by you has been processed or that a Transaction has been incorrectly executed, you must contact AGENT immediately via Service Hotline. We may ask you, either directly or via AGENT, to complete a declaration form and return it to us promptly.
  2. We may investigate your claim that a Transaction has not been authorised by you and, where permitted by law, we may charge a fee for doing so.  

10. Refunding Transactions  

10.1   Provided that you notified us in accordance with clause 9.2. above of an unauthorised or incorrectly executed Transaction without delay and at the very latest within 13 months of the debit date of that Transaction you may be entitled to a refund of that Transaction.  

10.2     If the unauthorised Transaction arose from the loss, theft or misappropriation of your WALLETTO Prepaid Card details or of your WALLETTO Virtual Card details or of your user name and password applying to your access to AGENT  APP or of your PIN or any other security information, we will refund the amount involved, except the first 50 EUR, for which you may be liable.  

10.3      If the unauthorised Transaction arose from you acting fraudulently or where, with intent or gross negligence, you failed to use your WALLETTO Cards in accordance with these Terms and Conditions (including the obligations to keep safe your WALLETTO Prepaid Card and

WALLETTO Virtual Card details, your user name and password applying to your access to AGENT APP, your PIN and any other security information), we will not make any refund and you will be liable for the full amount of all losses incurred.

10.4     Where any refund is due to you, we shall make it immediately or, if that is not possible, as soon as practicable following receipt of your claim or of any further information we may request in

order to investigate your right to a refund. However, if, following investigation, we have reasonable grounds to believe that a refund was not in fact due to you for any reason, or that we have made too large a refund, we may reverse that previous refund and you may be liable for any loss we suffer from your use of your WALLETTO Cards.

11. Redeeming funds in your WALLETTO IBAN account

11.1     You have a general right to redeem funds held in your WALLETTO IBAN account at any time in whole or in part. To do so, please use any of the Contact Methods to request a redemption and indicate the amount to be redeemed (before the deduction of any applicable Fees).

11.2     In order to process your Redemption Request, we may ask you to provide us with documents, evidence and other information to verify your identity to enable us to comply with applicable legal and regulatory requirements.

        11.3         We may also charge a Redemption Fee if one of the following circumstances applies:

  1. you are requesting redemption before termination or expiry of these Terms and Conditions;
  2. you cancel these Terms and Conditions before any agreed termination or expiry date; or
  3. you request redemption more than one year after the date of termination or expiry of these Terms and Conditions.

The amount of this Redemption Fee may change over time. The current Fee rates are set out in the Annex to these Terms and Conditions.

11.4     We may redeem the funds in your WALLETTO IBAN account, at our discretion, by arranging a refund to the same bank account which has previously been used to top up your WALLETTO IBAN account.

12. Our liability  

        12.1         We will not be liable to you for any loss arising from:

  1. any unauthorised Transaction where you acted fraudulently or where, with intent or gross negligence, you failed to use your WALLETTO IBAN account and WALLETTO Cards in accordance with these Terms and Conditions (including the obligations to keep safe the WALLETTO Prepaid Card, your WALLETTO Virtual Card details, your username and password applying to your access to AGENT APP and/or your PIN or any other security information);
  2. any abnormal or unforeseeable circumstances outside of our control, where we could not have avoided those consequences even though we made all efforts to do so;         (c)         any merchant or ATM refusing to accept your WALLETTO Cards; or                      (d)         our compliance with applicable legal or regulatory requirements.

        12.2         We will also not be liable for:

  1. business interruption; or  
  2. loss of revenue, reputation, goodwill, opportunity or anticipated savings; or
  3. any loss or damage whatsoever which does not stem directly from our breach of these Terms and Conditions.
  1. We will use reasonable efforts to make your WALLETTO IBAN account and WALLETTO Cards available to you, but we will not be liable to you for any loss or damage arising if it is not available to use at any time, or if access is interrupted.  
  2. Other than the losses set out in the paragraphs above (for which we are not liable) and subject to the paragraphs below, our maximum aggregate liability under or in connection with these

Terms and Conditions whether in contract, tort (including negligence) or otherwise, shall in all circumstances be limited to a sum equal to 50 EUR in any 12-month period.

  1. WALLETTO does not warrant or promise that the WALLETTO IBAN account and/or WALLETTO Cards will meet your requirements and you shall use the WALLETTO IBAN account and WALLETTO Cards at your own risk.

13. Ownership and protection of information

13.1    In order to effectively provide services under this Agreement we will be exchanging your information with AGENT and receive your information from AGENT to the extent necessary to perform our obligations under this Agreement.

13.2    By entering this contract with us you acknowledge having been in contractual relations with AGENT and you explicitly authorise us to share such information as stipulated in clause 1 with AGENT.

14. Changes to these Terms and Conditions  

We reserve the right to change the Terms and Conditions at any time. We will take into account your interests affected by the intended changes and will only make changes that we consider to be reasonable. Changes to exchange rates will take effect immediately where they move in your favour or where they result from a change to the reference rate of VISA from time to time. For all other changes, we will give you at least two months' prior written notice via e-mail or via AGENT APP of any intended change to the Terms and Conditions and we will provide you with the new version of the Terms and Conditions. If you do not agree with the proposed change you must tell us via one of the Contact Methods before that change takes effect, otherwise you will be deemed to have accepted the change to the Terms and Conditions.  

15. Fees and Usage Restrictions  

15.1   Details of the Fees and Usage Restrictions applying to your WALLETTO IBAN account and WALLETTO Cards can be found in the Annex of these Terms and Conditions. The Fee rates and Usage Restrictions applying from time to time can be found at AGENT APP.

15.2     By accepting these Terms and Conditions and by applying for your WALLETTO IBAN account and WALLETTO Cards, you agree to pay the applicable Fees relating to your use of the WALLETTO IBAN account and WALLETTO Cards.  

16. Your details  

You confirm that any information you provide us with is true, accurate and up-to-date. You confirm that you will let us know immediately by contacting us via AGENT using one of the Contact Methods if you change your personal details. If we contact you in relation to your AGENT Wallet we will use the most recent contact details you have provided to us.

     17. Data Protection and how we use your information  

 

17.1      We are a data controller of the personal data that you provide to us (including, without limitation, an email address or other username and a password). We will process your personal data in accordance with these Terms and Conditions and our privacy policy ("Privacy Policy"). Please read the Privacy Policy carefully as it provides information about how we use, share, store and process your personal information. By using your WALLETTO Cards you acknowledge that WALLETTO will use your personal information in this way.  

17.2   AGENT also has a separate privacy policy which applies to your relationship with AGENT in addition to our Privacy Policy. You will be asked to accept AGENT' privacy policy when you become its client. Please ensure you read AGENT' privacy policy carefully.

17.3    If we suspect that we have been given false or inaccurate information, we may record our suspicion together with any other relevant information.

17.4    You must not give us personal information about someone else (such as alternative named contacts) without first getting his or her consent for it to be used or securing another legal basis for transferring it to us in accordance with applicable data protection legislation and disclosed for such use in accordance with these Terms and Conditions and our Privacy Policy.

18. Assignment  

We may assign our rights and obligations under these Terms and Conditions to another company (including to an affiliate of WALLETTO) at any time, on giving you 2 months' prior written notice of this. If we do this, your rights under these Terms and Conditions will not be affected.

19. Complaints  

19.1      If you have a complaint about your WALLETTO IBAN account and/or your WALLETTO Cards you can contact us directly by emailing cards@walletto.eu or calling +37060148437 and we will aim to deal quickly and fairly with any complaints you have about your WALLETTO IBAN account and WALLETTO Cards and in any event, within 8 weeks of receiving your complaint. We will keep you informed of any progress or steps taken with regard to the resolution of your complaint.

19.2       If we do not resolve your complaint about your WALLETTO services, you may be able to refer it to the Lithuanian authority’s – Bank of Lithuania.

19.3      You may also be able to refer your complaint about your WALLETTO Plastic Card to the European Commission Online Dispute Resolution platform at www.ec.europa.eu/odr. The platform is a web-based platform which is designed to help consumers who have bought goods, services or digital content online. It provides access to independent alternative dispute resolution services which are usually free for you to use.

20. Disputes with merchants  

If you have any disputes about purchases made using your WALLETTO Cards, you should settle these with the person from whom you bought the goods or services. We are not responsible for the quality, safety, legality or any other aspect of any goods or services purchased using your WALLETTO Cards. Remember that once you have used your WALLETTO Card to make a purchase or to withdraw cash we cannot stop that Transaction.

21. Severance

If any court or competent authority finds that any provision in these Terms and Conditions (or any part of any provision) is invalid, illegal or unenforceable, that provision (or part) shall, to the extent required, be deemed to be deleted, and the validity and enforceability of the other provisions of these Terms and Conditions shall not be affected.

22. Governing law and language  

These Terms and Conditions are governed by Lithuanian law and are subject to the exclusive jurisdiction of the Lithuanian Courts. These Terms and Conditions are in English and all communications with you will be in English and/or in Lithuanian.

 Annex: Fees and Usage Restrictions 

Fees 

Monthly subscription fee

3.99 EUR/month for a 3-month subscription (11.97 EUR in total);

3.59 EUR/month for a 6-month subscription (21.54 EUR in total);

3.19 EUR/month for a 12-month subscription (38.28 EUR in total).

Loading fee for non-subscribers

0.49 EUR

Loading fee for subscribers

0.19 EUR

Card issuance and delivery

4.99 EUR

Card replacement and delivery

4.99 EUR

FX mark-up

2.00%

ATM disbursement SEPA

1% (min. 2 EUR)

ATM disbursement non-SEPA

2% (min. 2.50 EUR)

Chargeback handling

30.00 EUR

 

Restrictions 

Subject to the Terms and Conditions, following are restrictions imposed on your WALLETTO Card:

ATM

EUR

Daily limit

500

ATM

EUR

Monthly limit

2,500

Other

EUR

Daily limit

2,500

Other

EUR

Monthly limit

5,000

ECOMM

EUR

Daily limit

2,500

ECOMM

EUR

Monthly limit

5,000

 

By signing this WALLETTO Prepaid Card Terms and Conditions: 

i) I confirm that I hereby acknowledge that I have read and understood the terms of this agreement and agree to be bound by them 

 

 

        __________________________________            __________________________________ 

        (name, surname)                                    (signature)