This Agreement is a contract between you and IMO RAPID TRANSFER and applies to your use of the IMO RAPID TRANSFER services (the "Services"). Where you are undertaking a transaction which involves IMO RAPID TRANSFER the terms below shall similarly apply for the use of IMO RAPID TRANSFER services. In such an instance, references to “IMO RAPID TRANSFER LIMITED”
By registering for the Services, you
must read, agree with and accept all of the terms and conditions contained in
this Agreement. This Agreement is provided to you and concluded in English. You
agree that any use by you of the Services shall constitute your acceptance of
the Agreement and we recommend that you store or print-off a copy of the
Agreement (including all policies) for your records.
Please read this Agreement carefully and make sure that you understand it fully before using the Services. Please note that if you do not accept this Agreement, you will not be able to use the Services.
Our Relationship with You
IMO RAPID TRANSFER
is only a Payment Service Provider and works with licensed Payment solutions,
in the respective markets(LPSs), When you provide your information to
IMO RAPID TRANSFER, such information will be shared
with the respective LPSs in the markets for which you are undertaking a
transaction utilizing the IMO RAPID TRANSFER
platform and such LPSs shall have an independent right to your personal
collection, disclosure and use of your information. also read details of
each LPSs on the website before your commence any transaction via IMO
The main business for IMO RAPID TRANSFER is money transfer and provision of services for making foreign currency payments in markets across the world and Bill payments
When you undertake a transaction which includes IMO RAPID TRANSFER the terms contained herein shall similarly apply for the use of the IMO RAPID TRANSFER.
1. YOUR PRIVACY
Protecting your privacy is very
important to IMO RAPID TRANSFER.
Your passwords are stored on IMO RAPID TRANSFER
servers in encrypted form. We do not disclose your account details, postal or
email addresses to anyone except when legally required to do so and as
Sensitive information between your browser and the IMO RAPID TRANSFER.co website is transferred in encrypted form using Secure Socket Layer (SSL). When transmitting sensitive information, you should always make sure that your browser can validate the IMO RAPID TRANSFER certificate.
In order to facilitate the opening of your account digitally, you authorize IMO RAPID TRANSFER to disclose your personal information such as ID documents to third parties for the purpose of conducting customer due diligence or KYC. Once your account has been opened, you authorize IMO RAPID TRANSFER to disclose your personal information as needed in investigations of fraud or other illegal activity where we believe it is reasonable and appropriate to do so.
2. TRANSACTION HISTORY
You can access your details of executed payment transactions and other information relating to your Account by logging into IMO RAPID TRANSFER and clicking on the "My Transactions" tab..
3. DUPLICATE ACCOUNTS
IMO RAPID TRANSFER may refuse to create duplicate accounts for the same user due to security and client identification requirements. IMO RAPID TRANSFER reserves the right to refuse the creation of duplicate accounts or accounts which are linked to bank accounts not belonging to you due to security and client identification requirements. In such cases, IMO RAPID TRANSFER reserves the right to close these accounts without notification.
To be eligible for our Services, you
must be at least at the minimum age under the laws of your country of
residence. You further represent and warrant to us that if you are an
individual and you open an Account with us that you are not acting on behalf of
an undisclosed principal or a third party beneficiary.
Before being able to use the Service we have to perform mandatory customer verification. For that we may require a physical verification and/or ask for photographic evidence of your identity such as a copy of your passport. It is possible to provide this evidence through scanning and uploading such information on the IMO RAPID TRANSFER site or through providing such information to our helpdesk.
IMO RAPID TRANSFER reserves the right to access various government and private databases so as to verify your information (so called “electronic ID”). If certain databases provide a match to the information you provide then we may not have to ask for photographic evidence of your identity
IMO RAPID TRANSFER reserves the right to refuse to accept any new user or any transaction at its discretion. If incomplete details are provided or if you do not provide information requested by IMO RAPID TRANSFER to complete its customer verification and meet the anti-money laundering requirements as required by relevant authorities, IMO RAPID TRANSFER reserves the right to refuse to proceed with the account opening and/or the transaction.
5. USING THE SERVICE
You are solely responsible for the
accuracy and validity of the information provided by you. IMO
RAPID TRANSFER will process transactions based on
the information provided by you and takes no liability whatsoever for erroneous
credits to receivers. If a transaction is returned back you can either:
(i) create a fresh transaction and instruct us to reprocess the transaction or
(ii) request a refund
If you wish to re-process the transaction, please note that IMO RAPID TRANSFER reserves the right to re-process the transaction at an exchange rate at which the transaction was originally done, or at current prevailing rates. You will also be liable to pay all additional bank charges and administration charges for reprocessing the transaction. Should you wish to get a refund instead, IMO RAPID TRANSFER will make a refund net off any IMO RAPID TRANSFER fees and third party charges and Foreign Exchange adjustments incurred in processing these transactions.
You should be aware that, each transaction you create has a specified validity based on the time you created this transaction on the IMO RAPID TRANSFER platform. The period of time for which the transaction is valid may change from time to time at our sole discretion, and will be confirmed to you at the time of completing the transaction on the IMO RAPID TRANSFER platform.
It is solely your responsibility to ensure that the funds reach the local bank /mobile money account specified by us before the validity of the transaction expires. If the funds reach us after the validity of the transaction expires, then the transfer will fail and we will need to refund your funds.
From time to time, we will identify on the Website the currencies and countries for which the Services is available. Available currencies and countries are subject to change at our sole discretion
You should note that while it is our obligation to ensure that funds arrive at the Receiver’s bank account or payment account within the stated timelines, we do not control the time it takes for the Receiver’s bank or payment provider to credit and make available funds to the Receiver.
You should further note that in the above timelines are subject to all necessary security and customer identification checks being conducted in line with our security and identification guidelines. If further investigation or the collection of additional information from you is necessary, we will let you know, but this may result in a cancellation of the transaction.. If required by a regulator, we may withhold your funds in any transaction through our website
6. EXCHANGE RATES
IMO RAPID TRANSFER
makes reasonable efforts to undertake transactions at exchange rates aligned to
the mid-market rate. IMO RAPID TRANSFER
relies on aggregated third party information sources and does not guarantee
that the rates match any particular benchmark source at any given time.
We reserve the right at our sole discretion to refuse a transaction (including but not limited to: restricting the creation of a new transaction as well as cancelling a transaction already in process). For transactions refused by us, we will notify you as promptly as we reasonably can, provide a reason where it is possible to, and arrange for a refund where applicable. More specifically, the exchange rate may change between the time of posting a transaction and when we receive your money. If the rate changes by more than a certain pre-determined percentage (indicated to you at the confirmation stage), we reserve the right to put the transaction on hold and email you; or refuse the transaction.
7. TRANSACTION LIMITS
The minimum and maximum transaction limits for transactions may vary depending on the market and we reserve the right to change these limits from time to time.
8. BANK TRANSFERS
All payments must originate from your bank account. You must be either the main account holder or the joint account holder of the bank account from which you send money to us. Transfers from accounts that do not belong to you (including those of your spouse or family members) are strictly prohibited and will lead to suspend your account. You are responsible for all charges, including your bank charges, in transferring the funds to us.
9. REFUSED TRANSACTIONS
IMO RAPID TRANSFER may refuse to proceed with the transaction if we cannot match the name registered with IMO RAPID TRANSFER with the name on your bank account from which you send the money. In this case you may be liable for an administration charge. Please refer to section 12 for details.
10. Cancellation of Transactions
You may cancel your transaction any time before sending the money to our bank account. You will not be able to cancel the transaction once it has been actioned by us. IMO RAPID TRANSFER reserves the right to allow/ disallow cancellations of a transaction. IMO RAPID TRANSFER Fee will not be charged on a cancelled transaction.
11. YOUR OBLIGATIONS
11.1. You are responsible for ensuring the
payment details you provide are accurate. Once payment instructions have been
executed by IMO RAPID TRANSFER,
transactions cannot be reversed and IMO
RAPID TRANSFER will not be liable in any way for
any loss you suffer as a result of a transaction being carried out in
accordance with your instructions.
11.2. In the unlikely event that you notice an error in either the payment sent or received as a result of using the Services, then you should immediately notify us at email@example.com
11.3. You agree not to use the Services for any unlawful activity and IMO RAPID TRANSFER reserves the right to investigate any suspicious activity or in response to any complaints or reported violations. When investigating any such activity, IMO RAPID TRANSFER reserves the right to report suspected unlawful activity to any appropriate person or body and to provide them with any relevant information, including personal data.
using IMO Rapid Transfer, you are agreeing to always use Mobile money or Visa or Master Credit /
Debit card that has been issued to you by an issuing bank, Mobile network, or financial
institution authorized by the Visa or Master or Network to do so. Any
attempt to breach this shall result in permanent suspension of your IMO Rapid
Transfer account, and your details shared with the relevant investigative
authorities Click here to Continue Reading