The Provider shall set up the Client's payment account (hereinafter referred to as "CPA" or in the payment system "Account Number" or "Account") after the conclusion of the Contract. The CPA shall be used to record funds entrusted by the Providers in connection with the execution and recording of payment transactions executed by the Providers for the Client on the basis of the Contract and orders to execute payment transactions.
CPA numbers of individual Clients are generated randomly by the Provider's online system.
The Client is entitled to request the Provider to set up another CPA. The Client is obliged to send the request electronically to the Provider's email or submit it via the Provider's online system. In such case, the Provider is entitled to request additional information and documents from the Client, on the basis of which the Provider will evaluate the Client's request. The Provider reserves the right to refuse the Client's request for the establishment of an additional CPA at its discretion and without giving any reason.
Funds held in the CPA are not interest bearing.
To ensure greater security, the Provider may require the Client to provide answers to control questions. The Client shall keep the answers to these questions confidential and prevent their disclosure to any third party. When contacted by telephone, an authorized employee of the Provider is entitled to ask the Client to provide the answer to any of the control questions at any time. If the Client refuses to provide an answer to a control question to the Provider's authorised employee or if such person provides an incorrect answer, the Provider's authorised employee is not obliged to provide any information by telephone and shall terminate the telephone call. If the Client forgets the answers to the control questions, he/she must contact the Provider via the Provider's online system. If the Client does not know the correct answers to the control questions and at the same time does not have his/her access data to the Provider's online system, the Client shall contact the Provider via email and agree with the Provider on the further procedure to process the new access data, so that the security of the Client's payment accounts is maintained to the maximum extent possible and their misuse is prevented. The control questions will be chosen by the Provider in such a way that, in conjunction with the Client's answers, they do not contradict the valid and effective legislation governing the protection of personal data.
In particular, CPA can be used for the following transactions:
Credit
Receiving payment on CPA
Conversion on Client's order (credit side)
Submission of the principal for an over-limit payment order
Debit
Deposit of payment in favour of the beneficiary according to the Client's order
Conversion on Client's order (debit side)
Settlement of principal for an over-limit payment order
Fees for services provided according to the current Prices and Tariffs
The fees that the Client is obliged to pay to the Providers for individual operations are specified in the currently valid Prices and Tariffs. The Prices and Tariffs is subject to change, and the Client will be informed of the change in the Prices and Tariffs by email to the email address provided in the Questionnaire at least two months before it takes effect. Correction of errors shall not be considered a change. The Client undertakes to familiarize himself with the new version of the Prices and Tariffs. Unless the Client notifies the Providers in writing of its disagreement with the proposed changes to the Prices and Tariffs no later than one day before the proposed change takes effect, then the changes so notified shall be binding on the Client from the effective date of the proposed changes.
If the Client rejects the Provider's proposal to amend the Prices and Tariffs, the Client shall have the right to terminate the Contract free of charge and with immediate effect before the date on which the new Prices and Tariffs is due to take effect. In such case, the Client shall, no later than the day following the day on which the termination of the Contract becomes effective, provide the Company with the Client's bank account number and the name and address of the bank for settlement of the funds deposited. The Company reserves the right to additionally request from the Client a certified statement from the bank to prove the Client's sole ownership of the relevant bank account to which the funds are to be sent.
If the Client fails to disclose how the deposited funds are to be settled in accordance with this section of the Terms and Conditions, the Company may remit the funds to the accounts from which they were deposited. In the event that the Client fails to do so, or the Client's funds are held in accounts with the Provider, the new wording of the Prices and Tariffs will apply to the Client, the funds entrusted to the Client and the payment accounts.
If the Client's funds are still held with CPA or on the Provider's account after the termination of the Contract or after the withdrawal from the Contract becomes effective, the Provider reserves the right to apply and automatically deduct from the Client's funds all Client's funds.
Only the User is authorised to perform any operations with the Client's funds on the CPA. This is without prejudice to the Provider's right to unilaterally collect any outstanding contractual penalties, fees and any other claims of the Provider against the Client related to the provision of services to the Client.
The Provider shall not be liable for any damage caused by the Client's carelessness or negligence when using the CPA.