Terms of Use

These Terms of Use constitute a legally binding agreement made between you,  as an individual or sole trader ("you") and Flash Incorp. Limited, a company incorporated under the laws of United Kingdom, company number 12718767, registration address 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX  for the customers in United Kingdom and RedLeo B.V., a company incorporated under the laws of Kingdom of Netherlands, RSIN 865031605, registration address John M. Keynesplein 10, 1066EP Amsterdam, Netherlands  ("Company", "we", "us", or "our"), concerning your access to and use of the website as well as any other media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively, the "Site"). You agree that by accessing the Site, you have read, understood, and agreed to be bound by all of these Terms of Use. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS OF USE, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SITE AND YOU MUST DISCONTINUE USE IMMEDIATELY.

Supplemental terms and conditions or documents that may be posted on the Site from time to time are hereby expressly incorporated herein by reference. We reserve the right, in our sole discretion, to make changes or modifications to these Terms of Use at any time and for any reason. We will alert you about any changes by updating the "Last updated" date of these Terms of Use, and you waive any right to receive specific notice of each such change. It is your responsibility to periodically review these Terms of Use to stay informed of updates. You will be subject to, and will be deemed to have been made aware of and to have accepted, the changes in any revised Terms of Use by your continued use of the Site after the date such revised Terms of Use are posted.

The information provided on the Site is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. Accordingly, those persons who choose to access the Site from other locations do so on their own initiative and are solely responsible for compliance with local laws, if and to the extent local laws are applicable.

Your LeoSpot Finance Account - is a ‘virtual’ account that holds your e-money and also enables you to obtain access, via the LeoSpot Finance web application, to different services, including payments, open banking and the other services mentioned in these Terms and Conditions. We use the term “money” to refer to e-money. The currency of your LeoSpot Finance Account depends on the type of account you hold. For example, if you hold a LeoSpot Finance EUR Account, your currency will be euro.

Your LeoSpot Finance Account - is a ‘virtual’ account that holds your e-money and also enables you to obtain access, via the LeoSpot Finance web application, to different services, including payments, open banking and the other services mentioned in these Terms and Conditions. We use the term “money” to refer to e-money. The currency of your LeoSpot Finance Account depends on the type of account you hold. For example, if you hold a LeoSpot Finance EUR Account, your currency will be euro.

Your agreement for using your LeoSpit Card is with us and you have no rights against Mastercard or its affiliates. If you have any trouble using your LeoSpot Finance Card, you can contact our Customer Services.

You’re responsible for the use of your LeoSpot Finance Card and any related fees or charges.

Many merchants, particularly online retailers, won’t deduct payment from your LeoSpot Finance Card until goods are dispatched. To make sure that your available balance is enough to cover all your spending, you should be aware of any payments that are still to be deducted from your LeoSpot Finance Account when you buy something else.

You can use your virtual LeoSpot Finance Card in much the same way as you are using your regular physical card. For example, you can use it to buy things online using money in your LeoSpot Finance Account. The difference is that you can’t use it to pay for items at point of sale terminals unless you’ve linked your virtual LeoSpot Finance Card to either Apple Pay or Google Pay.

Your LeoSpot Finance Card can’t be used in all situations. If a merchant can’t confirm online that you have a sufficient available balance to make a payment, you won’t be able to pay with your LeoSpot Finance Card. This may be the case for payments on trains, ships, and some inflight purchases. If an offline transaction does go through for whatever reason, you’ll be responsible to repay us the amount of the transaction that goes over your available balance.

You must not use your LeoSpot Finance Card for any of these reasons:
•  as a form of identification;
•  for any illegal purpose or in any manner that is illegal; or
•  for illegal gambling, any adult entertainment, quasi-cash transactions (which include, but aren’t limited to, purchasing travelers cheque, lottery tickets, casino gaming chips, money orders, deposits and wire transfer money orders).

If we suspect you’re using your LeoSpot Finance Card in a way that doesn’t comply with the terms of your Agreement, we can terminate your LeoSpot Finance card at any time and suspend provision of our services to you.

It is important you understand how we use your personal data in order to provide you with your LeoSpot Finance Account and any associated services under your Agreement. Our Companies are what is known as data controllers of your personal data. Our Privacy Policy gives full details on the personal data that we hold, how we use it and how we keep it safe.

To make a payment, we may give your personal data to any payment service provider used to complete your payment instruction. This means that by making a payment instruction, you acknowledge this transfer of your personal data. We’ll contact you if we need any more information from you, and you can ask our Customer Services for information about the payment service providers we use.

If you give consent for an authorised third party provider to access your LeoSpot Finance Account, you should know that we have no control over how the provider uses your personal data, and we aren’t responsible for any loss of information after an authorised third party provider has access to your personal data.

To apply for a LeoSpot Finance Account, you must be an individual or sole trader.

To use your LeoSpot Finance Account, you’ll need to log in to our web application.

When setting up your LeoSpot Finance Account, you must give us accurate information about you. You’ll also need to tell us of any changes to your details as soon as possible, so that our records stay up-to-date.

We may confidentially check the information you give us or obtain information on you ourselves or through third parties from secure databases.

By entering into this Agreement, you consent to us or a third party on our behalf carrying out these checks and obtaining any more information we might need to set up your LeoSpot Finance Account. Our Privacy Policy explains more about how we use your personal data for these and other purposes. When we have the information we need, we can decide to either accept or reject your Application for a LeoSpot Finance Account.

When you first register for your LeoSpot Finance Account, the currency of your account will depend on which country you registered in.

If we find out that the information, we hold about you isn’t right, we may suspend your LeoSpot Finance Account until we can confirm the correct information.

The expiry date of your LeoSpot Finance Card is printed on the card itself. You won’t be able to use your LeoSpot Finance Card once it expires. You can request a replacement LeoSpot Finance Card from us.

Information on the exchange rate and any applicable fees for international payments from your LeoSpot Finance Card can be found on our web-site. We use the Mastercard wholesale exchange rate and pass this onto you without adjustment. You can check the exchange rate and information on supported currencies by using the Mastercard Currency Converter Calculator (https://www.mastercard.us/en-us/personal/get-support/convert-currency.html).

When you become aware of the loss, theft, fraud or unauthorised use of your LeoSpot Finance Card or LeoSpot Finance Account, you must let us know us as soon as possible, either through your LeoSpot Finance web application or by contacting our Customer Services. This is so that we can block your LeoSpot Finance Card and/or suspend your LeoSpot Finance Account.

You can temporarily lock or unlock your LeoSpot Finance Card in your LeoSpot Finance web application. Alternatively, you can report your LeoSpot Finance Card lost or stolen in your LeoSpot Finance web application, which will trigger our replacement card process. You can also link a new card to your LeoSpot Finance Account through the LeoSpot Finance web application, which will permanently block your existing LeoSpot Finance Card.

You can order a replacement LeoSpot Finance Card for your LeoSpot Finance Account through your LeoSpot Finance web application. If we replace your LeoSpot Finance Card, we’ll send it to your home address as shown in the LeoSpot web application.

We may refuse to issue a new LeoSpot Finance Card if you don’t have enough money in your LeoSpot Finance Account to pay us to issue or deliver the card.

Unlimint is required by applicable legislation to safeguard clients’ money and has implemented the relevant measures required by the Central Bank of Cyprus. In particular Unlimint:
- Accounts every client’s money separately and segregates clients’ funds;
- Funds in relation to e-money services and unrelated payment services are held/safeguarded separately;
- Places safeguarded funds on designated “clients’ funds accounts” with EU-regulated banks in EU Member States.

Unless otherwise indicated, the Site is our proprietary property and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the Site (collectively, the "Content") and the trademarks, service marks, and logos contained therein (the "Marks") are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws and various other intellectual property rights and unfair competition laws of the United States, international copyright laws, and international conventions. The Content and the Marks are provided on the Site "AS IS" for your information and personal use only. Except as expressly provided in these Terms of Use, no part of the Site and no Content or Marks may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose whatsoever, without our express prior written permission.

Provided that you are eligible to use the Site, you are granted a limited license to access and use the Site and to download or print a copy of any portion of the Content to which you have properly gained access solely for your personal, non-commercial use. We reserve all rights not expressly granted to you in and to the Site, the Content and the Marks.

By using the Site, you represent and warrant that: (1)you have the legal capacity and you agree to comply with these Terms of Use;(2) you are not a minor in the jurisdiction in which you reside; (3) you will not access the Site through automated or non-human means, whether through a bot, script, or otherwise; (4) you will not use the Site for any illegal or unauthorized purpose; and (5) your use of the Site will not violate any applicable law or regulation.

If you provide any information that is untrue, inaccurate, not current, or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the Site(or any portion thereof).

You may not access or use the Site for any purpose other than that for which we make the Site available. The Site may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us.

The Site does not offer users to submit or post content. We may provide you with the opportunity to create, submit, post, display, transmit, perform, publish, distribute, or broadcast content and materials to us or on the Site, including but not limited to text, writings, video, audio, photographs, graphics, comments, suggestions, or personal information or other material (collectively, "Contributions"). Contributions may be viewable by other users of the Site and through third-party websites. As such, any Contributions you transmit may be treated in accordance with the Site Privacy Policy. When you create or make available any Contributions, you thereby represent and warrant that:

1. The creation, distribution, transmission, public display, or performance, and the accessing, downloading, or copying of your Contributions do not and will not infringe the proprietary rights, including but not limited to the copyright, patent, trademark, trade secret, or moral rights of any third party.

2. You are the creator and owner of or have the necessary licenses, rights, consents, releases, and permissions to use and to authorize us, the Site, and other users of the Site to use your Contributions in any manner contemplated by the Site and these Terms of Use.

3. You have the written consent, release, and/or permission of each and every identifiable individual person in your Contributions to use the name or likeness of each and every such identifiable individual person to enable inclusion and use of your Contributions in any manner contemplated by the Site and these Terms of Use.

4. Your Contributions are not false, inaccurate, or misleading.

5. Your Contributions are not unsolicited or unauthorized advertising, promotional materials, pyramid schemes, chain letters, spam, mass mailings, or other forms of solicitation.

6. Your Contributions are not obscene, lewd, lascivious, filthy, violent, harassing, libelous, slanderous, or otherwise objectionable (as determined by us).

7. Your Contributions do not ridicule, mock, disparage, intimidate, or abuse anyone.

8. Your Contributions do not advocate the violent overthrow of any government or incite, encourage, or threaten physical harm against another.

9. Your Contributions do not violate any applicable law, regulation, or rule.

10. Your Contributions do not violate the privacy or publicity rights of any third party.

11. Your Contributions do not contain any material that solicits personal information from anyone under the age of 18 or exploits people under the age of 18 in a sexual or violent manner.

12. Your Contributions do not violate any applicable law concerning child pornography, or otherwise intended to protect the health or well-being of minors;

13. Your Contributions do not include any offensive comments that are connected to race, national origin, gender, sexual preference, or physical handicap.

14. Your Contributions do not otherwise violate, or link to material that violates, any provision of these Terms of Use, or any applicable law or regulation.

Any use of the Site in violation of the foregoing violates these Terms of Use and may result in, among other things, termination or suspension of your rights to use the Site.

You and the Site agree that we may access, store, process, and use any information and personal data that you provide following the terms of the Privacy Policy and your choices (including settings).

By submitting suggestions or other feedback regarding the Site, you agree that we can use and share such feedback for any purpose without compensation to you.

We do not assert any ownership over your Contributions. You retain full ownership of all of your Contributions and any intellectual property rights or other proprietary rights associated with your Contributions. We are not liable for any statements or representations in your Contributions provided by you in any area on the Site. You are solely responsible for your Contributions to the Site and you expressly agree to exonerate us from any and all responsibility and to refrain from any legal action against us regarding your Contributions.

The Parties agree that any arbitration shall be limited to the Dispute between the Parties individually. To the full extent permitted by law, (a) no arbitration shall be joined with any other proceeding; (b) there is no right or authority for any Dispute to be arbitrated on a class-action basis or to utilize class action procedures; and (c) there is no right or authority for any Dispute to be brought in a purported representative capacity on behalf of the general public or any other persons.