Thank you for participating in the Verto Refer a Business Program which is governed by these Terms and Conditions (“Terms and Conditions”). Please read them carefully.
1. VERTO ‘REFER A BUSINESS’ PROGRAM
Verto may, from time to time, offer a Verto Payment Services Customer (“User”) the opportunity to earn rewards by referring other businesses or individuals that are sellers of goods and/or services and are not a Verto User (each a “Potential Customer”) to try the VertoFX Ltd and to receive an opportunity to earn a reward as well (the “Refer a Business Program” or “Program”). Verto reserves the right to terminate the Program at any time for any reason.
These Terms and Conditions shall apply to Participants’ (as defined below) participation in the Program. These Terms and Conditions are supplementary to and should be read in conjunction with any applicable Verto Terms and Conditions which govern the availability and use of Verto’s payment services.
Participant(s) may elect to participate or not participate in the Program at Participant’s discretion. By participating in the Program, Participant(s) agrees to use the Program in the manner specified in these Terms and Conditions. If a User or Potential Customer does not agree to these Terms and Conditions in their entirety they will not be authorized to register as a Referrer or Referred Customer or to participate in the Program. Participants may not participate in the Program where doing so would be prohibited by any applicable law or regulations.
2. ABOUT VERTO
VertoFX Ltd (No. 10973066) designs and operates the VertoFX website and app. VertoFX is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 901073, for the issuing of electronic money.
Any reference in these Terms and Conditions to “Verto”, “us”, “our” or “we”, shall refer to VertoFX Ltd.. Any reference to “Verto Payment Services” shall refer to the products and services and any other features, and functionalities offered by us on our website at vertofx.com or through any other means.
3. PARTICIPATION IN THE PROGRAM
As used herein: “Referrer” means a User who refers Potential Customer(s); “Referred Customer” means a Potential Customer referred by Referrer under the Program; and “Participants” means “Referrers” and “Referred Customers” participating in the Program.
Users may participate in the Program by accessing “Refer a Business” at User’s “My Account” on our website at vertofx.com, or by using our Mobile Application, and following the on-screen instructions to refer as many Potential Customers as they want to Verto by entering each Potential Customer’s name and email addresses in the “Refer a Business” box. Referrers must be valid Verto Users that are not legally prohibited from providing the personal information (e.g., name and email address) of each Referred Customer.
Potential Customers may participate in the Program by completing the registration to the Verto Payment Services via the Referral Link (defined below) they receive from the Referrer. Potential Customers must be 18 years old or older and not legally prohibited from participating in the Program.
For every “Qualifying Referral” (defined below), a Participant may be eligible to receive a “Reward” (also defined below), provided the Participant is otherwise eligible under, and fully compliant with, these Terms and Conditions.
We reserve the right to disqualify any User or Referred Customer at any time from participation in the Program if such User or Referred Customer does not comply with any of these Terms and Conditions and/or with respect to a User, any other terms and conditions for other Verto Payment Services that apply to such User.
4. QUALIFYING REFERRALS
Referred Customers must be businesses or individuals engaging in commercial activity for the sale of goods and/or services. Referrers must only refer real third-party Potential Customers who meet the requirements of these Terms and Conditions. Referrers may not misuse or exploit the Program, and accordingly may not, for example, create multiple or fake accounts under his/her/its name or participate in the Program using multiple or fake email addresses or identities.
By following the on-screen instruction under “Refer a Friend” in “My Account” on our website at vertofx.com, Referrers will be provided with a unique referral link (“Referral Link”) to share with Potential Customers, via “Refer a Friend” in User’s “My Account” on our website at vertofx.com, or via e-mail, or by any other means of communication elected by the Referrer. Potential Customers may then use the Referral Link to register for the Verto Payment Services. Referral Links will be issued only to Users in good standing with Verto. A User must be registered with the Program to be issued a Referral Link but no purchase is required. It is the Referrer’s responsibility to communicate precisely the Referral Link as received, without any typos or other mistakes.
Rewards will only be awarded for Qualifying Referrals. A “Qualifying Referral” means that all of the following cumulative conditions are met:
The Referred Customer was not previously registered with Verto under any email address or alias;
The Referred Customer is 18 years or older and approved for registration by Verto to receive Verto Payment Services, subject to Verto’s Know Your Customer (“KYC”) process and Verto’s approval policies in place at the time of the Referred Customer’s application to register;
The Referred Customer completed the registration process with Verto using the Referrer’s Referral Link. If a Referred Customer registers with Verto using any other link or method, the registration will not count as a Qualifying Referral and neither the Referrer nor the Referred Customer will earn Reward with respect thereof;
The Referred Customer’s has completed a minimum of $20,000 in currency exchanges within 60-days of being approved for a Verto Account. Provided that such payments were not cancelled, charged back or disputed three months after their receipt by VertoFX Ltd.
The $20,000 minimum payment received and converted by the referred customer shall not include payments from any other registered Verto User(s).
Only one Qualifying Referral shall be deemed generated for each Referred Customer. Any additional or subsequent use of the Verto Payment Services made by a Referred Customer will not be treated as a Qualifying Referral.
Each Referrer can check the status of its/his/her Referred Customers and view the status of Referrer’s Qualifying Referrals by accessing “Referrals” in Referrer’s “My Account” at vertofx.com
5. EARNING REWARDS
A Reward valued at US $100 (one hundred US dollars) shall be awarded by Verto to each of the Referrer and the Referred Customer that are parties to a Qualified Referral. Verto reserves the right to set a maximum amount of Qualifying Referrals per month or calendar year with respect to aggregate Rewards that may be earned.
Rewards will be credited to Participants’ Verto account and may be viewed in “Transaction History” under “Wallets & Account” on our website at vertofx.com.
Rewards may be subject to verification by Verto in its sole discretion. Verto may withhold a Reward for investigation, or refuse to process any transaction it deems fraudulent, suspicious, or in violation of these Terms and Conditions, or if Verto believes it will impose an undue liability on it, its subsidiaries, affiliates or any of their respective officers, directors, employees, representatives and agents.
All of Verto’s decisions are final and binding, including decisions as to whether a Qualifying Referral Reward is valid. Rewards have no monetary value and may not be redeemed for cash. Rewards are not transferable and may not be auctioned, traded, bartered or sold.
We reserve the right to modify or amend at any time the methods through which Rewards are earned.
Additionally, Referrers must not use any paid advertisement to promote the Verto Payment Services or the Program, including but not limited to, paid search marketing, advertisements (banners), affiliate networks, paid email campaigns and other similar methods. Referrers may not use illegal or otherwise objectionable content in connection with any communications relating to the program and/or any referrals made under the Program. Referrer’s URL(s) cannot contain the Verto name or any variation, combination or misspelling of the Verto name.
Other than as specifically set forth in these Terms and Conditions, Referrers may not use the Verto name and/or any of Verto’s marks or logos at any time. Referrers may not use the MasterCard name or logo at any time.
Each Participant will be responsible for any tax reporting and/or payment obligations applicable in respect to any Reward received under the program.
6. PRIVACY; USE OF INFORMATION
Participant acknowledges that if it/he/she chooses to participate in the Program, it/he/she may be required to submit to Verto certain personal information about them such as name and e-mail address, and additional information reasonably requested by Verto.
A Participant’s participation in the Program constitutes permission to Verto to use any Participant’s first and last name, company or business name, profile information, email address, biographical information, and city and state address for any and all promotional or advertising purposes in connection with the Program, on a worldwide basis and in all forms of media without review, permission or further compensation of any amount or kind whatsoever, unless prohibited by law.
Referrers shall as part of the referral under the Program be providing Verto with the e-mail addresses of Referred Customers. Referrers may not provide the e-mail addresses of a Potential Customer where legally prohibited.
Referred Customers may notify Verto if they are not interested in receiving communications from Verto and/or do not wish to participate in the Program by clicking “unsubscribe” in the first communication they receive via the Refer a Friend Program.
Any Referred Customers participating in the Program acknowledge and agree that by registering to the Verto Payment Services via the Referral Link, he/she/it is, among other things, agreeing that (i) the Referrer will be notified when the Referred Customer completed the registration process with Verto using the Referrer’s Referral Link, and (ii) the Referrer will be notified when the Referred Customer made a minimum of $20,000 in currency exchanges through the Verto platform.
7. INDEMNIFICATION; LIABILITY
By participating in the Program, Participants agree to release and hold harmless Verto and its respective affiliates and subsidiaries from any claim, demand, damage, loss, liabilities, costs or expenses (including legal fees, fines or penalties) caused by, arising out of, in connection with, or related to their breach of any applicable law or regulation and/or participation in the Program. This provision shall survive termination of the relationship between Participants and Verto.
Verto and its respective affiliates and subsidiaries shall not be liable for:
i) late, lost, delayed, stolen, misdirected, incomplete unreadable, inaccurate, garbled or unintelligible entries, communications or affidavits, regardless of the method of transmission;
ii) telephone system, telephone or computer hardware, software or other technical or computer malfunctions, lost connections, disconnections, delays or transmission errors;
iii) data corruption, theft, destruction, unauthorized access to or alteration of entry or other materials;
iv) any injuries, losses or damages of any kind resulting from acceptance, possession or use of a Reward, or from participation in the Program; or
v) any printing, typographical, administrative or technological errors in any websites or materials associated with the Program. Verto disclaims any liability for damage to any computer system resulting from participating in, or accessing or downloading information in connection with this Program, and reserves the right, in its sole discretion, to cancel, modify or suspend the Program should a virus, bug, computer problem, unauthorized intervention or other causes beyond Verto’s control, corrupt the administration, security or proper administration of the Program.
Verto and its respective affiliates and subsidiaries shall not be liable to any Participant for failure to provide any Reward or any part thereof, by reason of any acts of God, any action(s), regulation(s), order(s) or request(s) by any governmental or quasi-governmental entity (whether or not the action(s), regulations(s), order(s) or request(s) prove(s) to be invalid), equipment failure, threatened terrorist acts, terrorist acts, air raid, blackout, act of public enemy, earthquake, tornado, tsunami, war (declared or undeclared), fire, flood, epidemic, explosion, unusually severe weather, hurricane, embargo, labor dispute or strike (whether legal or illegal), labor or material shortage, transportation interruption of any kind, work slow-down, civil disturbance, insurrection, riot, or any other similar or dissimilar cause beyond any of Verto’s and its respective affiliates’ and subsidiaries’ control.
Under no circumstances will Participants be entitled to any claim for any losses or damages, and Participants hereby waive all rights to claim punitive, incidental, consequential and any other damages, and waives any and all rights to have damages multiplied or otherwise increased.
8. INDEMNIFICATION; LIABILITY
Participants agree not to use the Program to:
Violate applicable law;
Infringe the intellectual property rights of Verto or any third parties;
Stalk, harass, or harm another individual or use the Program in any way that may be offensive to another individual or entity, including but not limited to using the Refer a Friend email function to send out any content that may be considered offensive to another individual or entity.
Collect or store personal data about other Participants, other than as set forth in these Terms and Conditions;
Impersonate any person, or otherwise misrepresent Participant’s identity;
Interfere with, disrupt or violate the Terms and Conditions or servers or networks connected to the Program; or disobey any requirements, procedures, policies, or regulations of such networks;
Attempt to gain unauthorized access to the Program, or to other accounts, computer systems, or networks connected to the Program;
Transmit any file that contains viruses, worms, Trojan horses, or any other contaminating or destructive features;
Interfere with another Participant’s use of the Program;
Use the Program to conduct any activity or solicit the performance of any illegal activity or other activity that infringes the rights of others; and
Resell, barter, trade, auction or otherwise generate income by providing access to the Program to others.
If a Referrer provides a Referral Link to a Referred Customer by email, the email must be created and distributed in a personal manner that is appropriate and customary for communications with friends, colleagues and business acquaintances.
Bulk email distribution, distribution to strangers, or any other promotion of a Referral Link in a manner that would constitute or appear to constitute unsolicited commercial email or “spam” in Verto’s sole discretion is expressly prohibited and may be grounds for immediate termination of the Referrer’s participation in the Program, the Referrer’s Verto account and Referrer’s eligibility for Verto Payment Services, including deactivation of the Referral Link.
Verto may prohibit a Participant from participating in the Program or receiving a Reward, in its sole discretion, if it determines that such Participant is attempting to undermine the fairness, integrity or legitimate operation of the Program in any way by cheating, hacking, deception, or any other unfair playing practices of intending to annoy, abuse, threaten or harass any other users or representatives of Verto. Use of any automated system to participate is strictly prohibited and will result in disqualification.
Participants may not enter with multiple or fake email addresses or accounts, use fictitious identities or use any system, bot or other device or artifice to participate in the Program or receive a Reward. Verto reserves the right to disqualify any Participant and/or cancel any Reward(s) it finds to be tampering with the entry process or the operation of the Program or violating these Terms and Conditions. Referrals generated by a script, macro or other automated means will be disqualified. If a solution cannot be found to restore the integrity of the Program, we reserve the right to cancel, change, or suspend the Program.
ANY ATTEMPT TO DELIBERATELY DAMAGE OR UNDERMINE THE LEGITIMATE OPERATION OF THE PROGRAM MAY BE IN VIOLATION OF CRIMINAL AND CIVIL LAWS AND WILL RESULT IN DISQUALIFICATION FROM PARTICIPATION IN THE PROGRAM. SHOULD SUCH AN ATTEMPT BE MADE, Verto RESERVES THE RIGHT TO SEEK REMEDIES AND DAMAGES (INCLUDING ATTORNEY FEES) TO THE FULLEST EXTENT OF THE LAW, INCLUDING CRIMINAL PROSECUTION.
9. CUSTOMER SUPPORT
Participants may contact Verto for any issue and/or for any additional information, at any time through “Contact Us” at vertofx..com, or by sending a message to Verto Customer Support via the “Live Chat” feature on our website at vertofx.com.
The Program is operated by Verto Ltd. from the United Kingdom. These Terms and Conditions shall be governed by and interpreted in accordance with the laws of the United Kingdom for the operation of the services by Verto Ltd..
Any disputes, controversies or claims arising out of or in connection with these Terms and Conditions or otherwise in connection with the program shall be brought exclusively in the courts of the United Kingdom.
If any part of these Terms and Conditions is found by a court of competent jurisdiction to be invalid, unlawful or unenforceable then such part shall be severed from the remainder of the Terms and Conditions, which shall continue to be valid and enforceable to the fullest extent permitted by law. Verto’s failure to enforce any term of these Terms and Conditions shall not constitute a waiver thereof.
Verto reserves the right to make changes or additions to these Terms and Conditions for any reason at any time. Verto reserves the right to cancel or suspend this Program should it determine, in its sole discretion, that the administration, security or fairness of this Program has been compromised in any way.