Terms of Use

TERMS OF USE

These "Terms of Use" govern the terms under which you may access and use this website. By registering and using this service, you agree to the "Terms of Use". If you do not wish to be bound by the Terms of Use, then do not register or use the service. This Terms of Use is expressed in English language and the services rendered with this website are expressed in English Language.

Currenxbarter Inc is a Canadian registered corporation with its registered office at 146 Carleton Drive, Saskatoon, SK S7H3N6, Canada and FINTRAC no: M20596466.

Take note that these "Terms of Use" are effective from the date you register to use the service. The Terms of Use may change from time to time as set out in clause.

The service was created to ease the burden on people who want to exchange their CAD/USD/Naira with others as well as customers who wants to send money to family, friends and business partners. The exchange service works in the form of an escrow where the service ensures both parties get their desired currencies with a minimal trust. Currenxbarter Inc also helps keep funds in desired currencies in an interest-bearing vault accessible to users after 60 days and can be kept for a maximum of 180 days.

Currenxbarter Inc charges a fixed percentage service charge for transactions conducted through its website. This fixed percentage service charge can be changed at any time.

OUR OBLIGATIONS

  • Subject to these Terms of Use, we are not obliged to process any transaction. In sole discretion, we may accept not to process a transaction and we will inform you promptly and return your funds to you including the service charge our platform had automatically calculated. Should in case, you violate our Terms of Use, we can withhold your funds and report to appropriate authorities.

  • Currenxbarter Inc reserves the right to modify or discontinue the Service or any part of the Service without notice at any time and from time to time.

  • Currenxbarter Inc will attempt to process transactions promptly and if there will be any delay anticipated or not, we will rightly inform you by text message or through our chat interface on the website.

  • You agree that you will not access, attempt to use or use the Service to provide any Instructions unless you are at least 18 years old, and have the legal capacity to form a binding legal contract in any relevant jurisdiction;

  • You agree that for each Transaction Request that you submit, you will pay the stated Service charge in addition to the Transaction Amount. Payment becomes due at the time that you submit your Transaction Request. To the maximum extent permitted by law, the Service charge is non-refundable unless expressly stated in these Terms and Conditions.

  • You agree that you will not use any software or device to interfere or attempt to interfere with the proper working of the Service or any Instruction being conducted through the Service;

  • You agree that you will not submit illegal contents or submit any content in a way to infringe on the legal right of other users.

  • In connection with your registration and use of the Service, you will provide us with true, accurate, current and complete evidence of your identity, and promptly provide us with updates of your personal information if and when it changes;

  • In connection with your registration and use of the Service, you will provide us with any identity documentations as may be requested by us;

  • In connection with your registration and use of the Service, you will provide us with true, accurate, current and complete information as we indicate on the website is required to receive the Service and any other information which may be required in relation to the Recipient;

  • In connection with your registration and use of the Service, you will provide us with any other information that must be provided for a Transaction Request to be properly executed, as specified when you enter the details of the Transaction you are interested in on our website;

  • In connection with your registration and use of the Service, you will provide us with such information relating to the Transaction as detailed in clause.

  • When you are using the Service under these Terms and Conditions, it is your responsibility to make sure all the details are accurate before submission. Should in case, there was an error you spotted after making the transaction call or chat the customer service within 10 minutes to lodge your complaint because we give about 10 minutes time lag before processing the transaction.

  • The total amount (the Transaction Amount, Service Fee and other applicable fees and charges) that you will be required to pay and the relevant exchange rate will be displayed clearly before you are asked to confirm your Transaction and proceeding with the Transaction at this point is entirely optional.

  • When using our Service or interacting with Currenxbarter Inc, with another user or with a third party, you will not breach these Terms and Conditions, or any other agreement between you and Currenxbarter Inc;

  • When using our Service or interacting with Currenxbarter Inc, with another user or with a third party, you will create more than one registration without our prior written permission;

  • When using our Service or interacting with Currenxbarter Inc, with another user or with a third party, you will not provide false, inaccurate, or misleading information;

  • When using our Service or interacting with Currenxbarter Inc, with another user or with a third party, you will not allow anyone else access to your registration details, and you will keep those details safe and secure;

  • When using our Service or interacting with Currenxbarter Inc, with another user or with a third party, you will not refuse to provide confirmation of any information you provide to us, including proof of identity, or refuse to co-operate in any investigation;

  • When using our Service or interacting with Currenxbarter Inc, with another user or with a third party, you will not use an anonymising proxy or device (including without limitation any tool that attempts to make activity untraceable); or

  • When using our Service or interacting with Currenxbarter Inc, with another user or with a third party, you will not copy or monitor the Currenxbarter website any part of the Services using any robot, or automatic device or manual process, without our prior written permission.

  • You acknowledge that nothing in these Terms of Use or in any other information provided by Currenxbarter Inc as part of the Service should be construed to be, legal or other advice.

  • Currenxbarter may, in our absolute discretion, refuse or cancel Transaction Requests, Payment Requests or Transactions where we believe that the Service is being used, whether by you or the sending/receiving party, in furtherance of illegal, fraudulent or Prohibited activities.

  • Currenxbarter may, in our absolute discretion, refuse or cancel Transaction Requests, Payment Requests or Transactions to or from certain Senders or to or from certain recipients, including but not limited to entities and individuals on, or in jurisdictions on, restricted or prohibited lists issued from time to time by any government authorities, if we are required to do so by law, or where we have reason to believe processing the Transaction Requests would violate anti-money laundering or counter-terrorism financing laws and regulations. We may refuse to process a Transaction funded from certain Payment Instruments where we have reason to believe the security of the Payment Instrument has been compromised or where we suspect the unauthorised or fraudulent use of the Payment Instrument.

  • Currenxbarter may, in our absolute discretion, refuse or cancel Transaction Requests, Payment Requests or Transactions if we are unable to verify the identity of the Recipient.

  • Currenxbarter may, in our absolute discretion, refuse or cancel Transaction Requests, Payment Requests or Transactions if we reasonably believe you are using the Service, or allowing it to be used, in breach of these Terms and Conditions or any applicable laws, rules or regulations.

  • Currenxbarter may at its discretion temporarily or permanently suspend your registration in addition to having refused or cancelled a Transaction Request from you.

  • In order to comply with our obligations under relevant laws, Currenxbarter Inc reserves the right to ask for more information or evidence relating to the purpose of a Transaction, as well as your identity and that of the Recipient.

  • Customer Identification Program. Applicable Canadian federal and provincial law requires all financial institutions to assist in the fight against money laundering activities and the funding of terrorism by obtaining, verifying, and recording identifying information about all customers. We may therefore require you to supply us with personal identifying information relating to you and the Recipient and we may also legally consult other sources to obtain information about you and the Recipient.

  • Using all instrument or services available to us, we will verify your residential address and personal details in order to confirm your identity. We may also need to verify the identity of a Recipient in the same way. We will treat all information provided by you, securely and strictly in accordance with the applicable law. By accepting these Terms of Use, you authorise us to validate the information that you provide to us either by you providing more information or through third partty database that we can access.

  • You consent to our processing your personal information for the purposes of providing the Service, including for verification purposes. You also consent to the use of such data to enable us and our authorised third parties to communicate with you, and for statutory, accounting and archival purposes, in accordance with the terms of Currenxbarter Inc's Privacy Policy. You acknowledge that you have read and consented to Currenxbarter Inc's Privacy Policy. Read the Privacy Policy here.

  • You acknowledge and consent to us to provide information about you, your use of the Service and your Instructions to government or other competent authorities or as required by law, as described in our Data Privacy Policy.

  • Currenxbarter Inc may, as necessary in providing the Service, store all information required of a Recipient to prove his or her identity or associated with their specific Instruction.

  • You agree to keep any document, correspondence, information or other material that you receive from us and which may be of a confidential nature, whether in or hard copy or electronic format, strictly confidential, and not to disclose any such material without Currenxbarter Inc’s prior written consent, unless otherwise expressly provided in such material or unless you are expressly required to disclose such material under applicable law or regulation.

  • You may contact us, should in case you have questions about these Terms of Use:

  • Director,
    Currenxbarter Inc.
    146 Carleton Drive
    Saskatoon, SK
    Canada S7H3N6

    Email: contact@currenxbarter.com