The 6DOT50 Merchant rules is an electronic contract that sets out the legally binding terms of the relationship between 6DOT50 and Merchants that have applied to and been approved by 6DOT50 as a Payment Facilitator. By registering to become a merchant or by accessing the solution, you accept and agree to be bound by these rules (terms and conditions), as well as any pricing policies and notices published on our website.
We reserve the right to amend these rules and to introduce additional terms at any time. You are therefore responsible for regularly reviewing this agreement. Continued access or use of the benefits offered by us after such changes are made, shall constitute your consent thereto.
The laws of the Seychelles shall in all respects govern the terms of this agreement.
The 6DOT50 Membership Programme is owned and controlled by 6DOT50 Limited, an International Business Company registered in the Seychelles under registration number 219119 (“6DOT50”, “6.50”, “us” or “we”). We facilitate the exchange of value between members and between members and business partners of 6DOT50 using voucher products sold by 6DOT50. 6DOT50 Vouchers may be linked to known and trusted values such as the United States dollar, for example, and in this case the 6DOT50 Voucher may be referred to as Digital Dollars (D$), We may also offer Digital Pounds (D£) and other digital representations of value so that you are able to easily determine the value of the voucher that you hold. The value of each Digital voucher is backed 100% by the equivalent fiat currency held on deposit in a bank account that is independently managed and controlled by professional organisations in accordance with these Member and the Benefit Rules. The value of 1 Digital Dollar is therefore equal to 1 US Dollar.
Unlike physical products that are subject to wear and tear, subject to loss and are costly to store and move, 6DOT50 vouchers are borderless and are not prone to wear and tear or loss thus retaining its representative value indefinitely. In addition, 6DOT50 Vouchers may be redeemed to acquire other products and services from 6DOT50 participating Payment Facilitators and business partners. A 6DOT50 Voucher is therefore a product with a common measure of value used in the exchange of products and services.
6DOT50 plays the limited role of Selling voucher products to members and managing them on behalf of members in accordance with these Member and the Benefit Rules.
|6.50, 6DOT50, we, us, our||Refers to 6DOT50 Limited (219119), a wholly-owned subsidiary of FFS Holdings Limited (registration number: GB19025003), and located at 1st Floor, Nr. 4 DEKK House, De Zippora Street, P.O. Box 505, Providence Industrial Estate, Mahé, Republic of Seychelles|
|Cash-out||Refers to a refund request from a merchant wanting to convert their 6DOT50 voucher value in exchange for a deposit into their bank account|
|Business Partners||Refers to Payment Facilitators that offer various products and Services to users from a network of retailers and eCommerce merchants and Payment Processors that facilitate the collection and payment of funds due by and to members.|
|Merchant, you, your||Refers to a Payment Facilitator of the 6DOT50 Membership Programme.|
|Payment Facilitator||Refers to a business partner registered with 6DOT50 or a business that accepts 6DOT50 vouchers in exchange for products and services.|
|Payment Processor||Refers to a business partner that facilitates the collection and payment of funds due by and to members on behalf of 6DOT50.|
These rules govern the relationship between 6DOT50 (us) and Payment Facilitators (you).
To be a merchant of 6DOT50, you must be:
Where a territory, in which a member resides, imposes restrictions on a member’s ability to acquire products and services from you, such restrictions may be implemented by 6DOT50. You are solely responsible to ensure that you comply with any and all local laws and requirements and or restrictions that may be applicable to you in your territory. We will take the necessary steps to comply with the applicable regulatory requirements in order for us to meet our obligations to you in your territory.
You specifically agree not to use the 6DOT50 solution or to claim any benefits from 6DOT50 in return for goods and or services rendered to any 6DOT50 member that:
You acknowledge that we have no obligation to monitor your – or anyone else’s – access to or use of the Services for violations of the Terms, or to review or edit any content. However, we have the right to do so for the purpose of operating and improving the 6DOT50 solution (including without limitation for fraud prevention, risk assessment, investigation and member support purposes), to ensure your compliance with the Terms and to comply with applicable law or the order or requirement of legal process, a court, consent decree, administrative agency or other governmental body.
You may terminate your account with us at any time by contacting us via the “Support” links on our website.
Approved merchants are entitled to receive 6DOT50 vouchers from 6DOT50 members in exchange for products and services and to request that 6DOT50 Cash-out their voucher value subject to the following:
You can start accessing the benefits offered from the time that your merchant account has been verified.
Merchants may not use 6DOT50 vouchers as security for any debt.
The Programme is designed to facilitate value transfers between members and between members and 6DOT50 Payment Facilitators using vouchers linked to a known currency as common measure of value. Your merchant account and benefits may be terminated if we find that you acted dishonestly or fraudulently in your engagement with the 6DOT50 Membership Programme.
You are encouraged to report any fraudulent or misuse of benefits by contacting 6DOT50 on INFO@6DOT50.com.
If your merchant status ends or is terminated for any reason:
To cancel your merchant status you must give 30 calendar days’ notice in order for us to formally close your Account.
There are no joining fees or monthly fees payable by merchants. Fees that may be applicable to benefits will be posted on our website and will be charged as applicable. The fees that are applicable are:
You have no legal relationship with 6DOT50 other than being bound by these rules and, when entitled to do so, receiving any Benefits you may be entitled to.
6DOT50’s total liability shall be limited to the value of the active 6DOT50 voucher held in your account less applicable fees. Under no circumstances, including as a result of its negligent acts or omissions or those of its staff, servicers, agents, members, contractors, partners or other persons for whom in law it may be liable, will 6DOT50 be liable for any loss, injury or damage of any nature which you may sustain as a result of engagement in the 6DOT50 Membership Programme. By agreeing to these Rules you indemnify 6DOT50 accordingly.
The Programme and underlying technology and processors have been designed and implemented to ensure that you have uninterrupted access to the programme but 6DOT50 cannot guarantee the availability, accessibility, accuracy, or proper functioning of the Programme or those benefits offered by 6DOT50 Business Partners nor that it will function error-free.
It is possible that submissions may not be successfully processed or executed because of errors or failures, whether caused by you, 6DOT50 or other factors related to our business partners, members or other third-party providers.
6DOT50 is not responsible for any unauthorised human or technical intervention nor is liable or otherwise responsible for any transaction that is not properly processed, executed, saved or transmitted, regardless of the cause of the problem.
No warranty is made that 6DOT50’s or 6DOT50’s business partners’ or 6DOT50’s members software’s functionality or services will be uninterrupted or error-free.
In the event of any conflict between the applicable software and the rules relating to any Benefit to which the software pertains, the rules governing such Benefit shall prevail.
Your privacy is very important to us and we will ensure that any information, including Personal Information, provided by, or collected from you, is stored in a secure manner. When you engage with us, you trust us with personal information about yourself.
You have the right to object to the processing of your personal information. It is voluntary to accept these terms and conditions. However, we require your acceptance of our minimum merchant requirements, being a mobile phone number and, where applicable, proof of identity in order to provide you with secure access to our services.
This means that if you do not accept, we cannot activate and service your merchant account.
The following expressions have the following meanings:
|Benefits||Refers to the benefits available to members through the 6DOT50 Membership Programme and the benefits available to you as outlined in these rules.|
|Benefit rules||Refers to the business practices that you agree to if you choose to use any benefit offered through the 6DOT50 Membership Programme.|
|Digital Voucher||Refers to 6DOT50 vouchers represented by or linked to a stipulated fiat currency such as Digital Dollars where 1 Digital Dollar has a value of 1 US Dollar.|
|Member||The person contracting with 6DOT50 and bound by these Rules. Member includes individuals and businesses.|
|Merchant activation date||The date when you have completed the minimum merchant requirements and been accepted as a Merchant by us.|
|Member Rules||Refers to the rules that are set out in the member rules published on our website as amended from time to time.|
|Programme||Refers to the 6DOT50 Membership Programme.|
|6DOT50 Membership Programme||Refers to the Membership Programme administered by 6DOT50 Limited.|