TERMS AND CONDITIONS

PROTECT YOURSELF. BE CAREFUL WHEN A STRANGER ASKS YOU TO SEND MONEY, BUY FINANCIAL PRODUCTS, INVEST IN DIGITAL CURRENCY ESPECIALLY FROM UNSOLICITED E-MAILS, FOR INTERNET AUCTIONS, NEWSPAPER OR TELEPHONE OFFERS.

Notify us immediately if you believe your RoyalCoins username and password have been lost or stolen or if someone may use them without your permission.

NOTES:

• The Terms & Conditions below are in effect for all RoyalCoins transactions, registered interest in its Services, and registrations affected as of 1 April 2018. The Terms and Conditions set forth below describe the Terms & Conditions that apply to and govern Your access of the RoyalCoins website and Services (as defined below). Do not use or access the RoyalCoins website or Services if You do not agree to be bound by such Terms & Conditions.
• The RBFC service is licensed in New Zealand by RBFC Global Limited, a registered company in New Zealand under NZ Company No: 6506052 and a Registered financial services provider under the Financial Services Providers (Registration & Dispute Resolution) Act 2008 FSP 579968. As the contractual supplier of the RBFC service, the service is arranged by RBFC Global Limited in conjunction with its associated and/or affiliated entities in New Zealand and overseas for the purpose of providing the RBFC Service.

1. CONTRACT FORMATION AND OVERVIEW 
   1. These Terms and Conditions govern the terms under which you may access and use this website and the services associated with it (together, the "Service"). By accessing, registering with and using the Service, you agree to be bound by the terms of the Terms and Conditions. If you do not wish to be bound by the Terms and Conditions do not access, register with or use the Service. The language of these Terms and Conditions is English and all Services, instructions and transactions carried out in connection with it shall be in English and in some cases in European languages like Spanish through any affiliates, agents, and/or associated entities of RBFC Global Limited.
   2. In these Terms and Conditions, the terms "RBFC", “RoyalCoins”, "we", "us", and "our" refer to RBFC Global Limited, together with its employees, directors, affiliated and/or associated entities including any successors, and assigns. RBFC Global Limited, a registered company in New Zealand under NZ Company No: 6506052 and a Registered financial services provider under the Financial Services Providers (Registration & Dispute Resolution) Act 2008 FSP 579968.
   3. The terms "you" and "your" refer to users of the Service, whether in their capacity as Senders, Recipients, or visitors to this website.
   4. These Terms and Conditions are effective from 31 December 2017. The Terms and Conditions may change from time to time, but changes will only be effective from the date they are made and will not change the terms on which you previously used the Service.
   5. The Service was created to assist customers of RBFC Global Limited or through its affiliates and/or associated entities, agents, independent contractors, advertisers, partners, and co-branders in New Zealand and overseas to send money to their family and friends, and to receive money from family and friends, around the world, to facilitate the ability to purchase cash travel cards for secure use in destinations where those cards are able to be used (if available) and to convert Digital Currency like Bitcoin into Fiat Currency (if available). For security reasons, we recommend that you only send money through the Service to people you know personally. You must not use the Service to send money to strangers for example sellers of goods and/or services, private or retail.
2. DEFINITIONS

   In this Terms and Conditions:

   "Destination Country" means the country in which the Recipient receives money through the Service.

   "Local Taxes" means any taxes or charges payable in the Destination Country.

   "Payment Instrument" means a valid instrument of payment such as a bank account, debit card or credit card.

   "Payout Amount" means the amount paid out to the Recipient, after any foreign exchange conversion and excluding Local Taxes.

   "Recipient" means someone who receives money through the Service.

   "Sender" means someone who uses the Service to send money.

   "Service Fee" means the fee plus any additional charges applicable to each Transaction.

   "Service Provider" means a local bank, money exchange house, or other third party service providers in the Destination Country with whom RBFC and its affiliates and/or associated entities works in providing the Service.

   "Transaction" means a specific instruction to send money through the Service.

   "Transaction Amount" means the amount of money that the Sender wishes to send to the Recipient, excluding any applicable fees and prior to any foreign exchange conversion.

3. OUR OBLIGATIONS
   1. Subject to these Terms and Conditions, we agree to provide the Service to you using reasonable care. The Service may not be available in whole or in part in certain regions, countries, or jurisdictions.
   2. We are not obliged to process any particular Transaction. When you submit a Transaction, you are requesting that we process the Transaction on your behalf. We may, in our sole discretion, choose whether or not to accept the offer to process that Transaction. However, if we decide not to process the Transaction, we will notify you promptly of that decision and repay the money paid to us.
   3. RBFC reserves the right to modify or discontinue the service or any part of the Service without notice, at any time and from time to time. We may, in our absolute discretion, refuse any Transaction or limit the amount to be transferred, either on a per transaction basis or on an aggregate basis, and either on individual accounts or on related accounts.
   4. We may, in our sole discretion, refuse Transactions from certain Senders or to certain Recipients, including but not limited to entities and individuals on restricted or prohibited lists issued from time to time by the UK Government, United States of America Government, Australian Government, Canadian Government and NZ Government. In addition, not all Payment Instruments are available to all customers at all times and we may, in our sole discretion, refuse Transactions funded from certain Payment Instruments.
   5. We will attempt to process Transactions promptly, but any Transaction may be delayed or cancelled for a number of reasons including but not limited to: our efforts to verify your identity; to validate your Transaction instructions; to contact you; or otherwise to comply with applicable law; or due to variations in business hours and currency availability.
   6. We will attempt to provide Senders and Recipients with up to date information regarding the location and opening hours of our Service Providers by means of information on our website. However, you agree that RBFC and its affiliates and/or associated entities, agents, independent contractors, advertisers, partners, and co-branders where the Service is or through whom may be offered shall not be held responsible for any inaccuracies that may appear in that information or any consequential loss which may result from incorrect or incomplete information.
4. YOUR OBLIGATIONS

   You agree that:

   1. you will not access, use or attempt to use the Service as a Sender unless you are at least 18 years old, and that you have the legal capacity to form a binding legal contract in the relevant jurisdiction;
   2. for each Transaction that you submit, you will pay us the Service Fee in addition to the Transaction Amount. Payment becomes due at the time that you submit your Transaction. If you submit a Transaction that results in RBFC becoming liable for charges including but not limited to chargeback or other fees, you agree to reimburse us for all such fees;
   3. in connection with your registration and use of the Service, you will:
      1. provide us with true, accurate, current and complete evidence of your identity, and promptly update your personal information if and when it changes;
      2. provide our merchant with details of one or more Payment Instruments; and
      3. provide us with true, accurate, current and complete information for all Transactions.
   4. Unsupported Countries
      RBFC does not offer services within the African economic area as well as in certain other jurisdictions such as the USA, Cambodia, Ecuador, Afghanistan, Former Liberian Regime of Charles Taylor, North Korea, FYR of Macedonia, Panama, Bahamas, Paraguay, Belarus, Haiti, Serbia, Iran, Iraq, Burma, Jamaica, Sri Lanka, Laos, Lebanon, Syria, Cuba, Mongolia, Venezuela, Yemen, Japan, Nicaragua and some other regions.
   5. We do not accept any liability for damages resulting from non-payment or delay in payment of a money transfer to a Recipient or failure to perform a transaction under the Service by reason of any of these matters.
   6. when you pay for a Transaction in one currency and the Recipient is paid in another currency, there will be a difference between the exchange rate at which we buy foreign currency and the exchange rate provided to you. RBFC and its Service Providers usually make a small profit in these circumstances. If such account is denominated in another currency the amount to be received by the Recipient will be reduced by the amount of extra charges incurred by reason of the incorrect information given by you and we will have no obligation to make good such reduction;
   7. when you are sending money under these Terms and Conditions, it is your responsibility to make sure all the Transaction details are accurate before submission. Once a Transaction has been submitted for processing it is not normally possible to change any of its details. You will be given the opportunity to confirm Transactions before submission and you must check the details carefully.
   8. RBFC will have no responsibility for any fees or charges you may incur by the use of a particular Payment Instrument to fund a Transaction. These may include but are not limited to unauthorised overdraft fees imposed by banks if there are insufficient funds in your bank account or "cash advance" fees and additional interest which may be imposed by credit card providers if they treat use of the Service as a cash transaction rather than a purchase transaction;
   9. you will only use the Service to send money to people that you know personally and not to pay for goods or services. If, in breach of this clause, you choose to pay third parties for goods and services using the Service, you acknowledge that RBFC has no control over, and is not responsible for, the quality, safety, legality, or delivery of such goods or services and that any such use of the Service is entirely at your own risk. If RBFC reasonably believes you are using the Service to purchase goods or services, we reserve the right to cancel your Transaction(s);
   10. both you and the Recipients will only act on your own behalf. You may not submit or receive a Transaction on behalf of a third person. If you intend to submit or receive a Transaction on behalf of a company, business or any entity other than a human individual, you must first inform RBFC of your desire to do so and provide us with any additional information about the entity we may request in order that we may decide whether to permit the Transaction;
   11. in using the Service you will comply with these Terms and Conditions as well as any applicable laws, rules or regulations. It is a breach of these Terms and Conditions to use the Service to send money (i) to a Recipient who has violated the Terms and Conditions, or (ii) in connection with illegal activity including without limitation money-laundering, fraud and the funding of terrorist organisations. If you use the Service in connection with illegal activity, RBFC may report you to the appropriate legal authorities;
   12. are not Politically Exposed Person (PEP) or family member or close associate of the PEP. PEPs (as well as family members or close associates of the PEPs) are not allowed to use RBFC GLOBAL LIMITED. In case RBFC GLOBAL LIMITED, will establish, that the User is PEP (as well as family member or close associate of the PEP), RBFC GLOBAL LIMITED reserves the right to terminate User Account of such User. For the purpose of this Agreement, the definitions "Politically Exposed Person", "family member" and "close associate" have the meaning, as it defines in (i) the FATF Recommendations (International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation) and (ii) FATF Guidance on Politically Exposed Persons.
   13. will not use our Services or will immediately cease using those if You are a resident or become a resident at any time of the state or region (in accordance with such state or region definition of residency), where the crypto assets transactions you are going to execute are prohibited or require special approval, permit and/or authorization of any kind, which RBFC GLOBAL LIMITED has not obtained in this state or region. Notwithstanding the above, you are not in any case allowed to access and use our Services if you are located, incorporated or otherwise established, or a citizen or resident of: the United States of America, as well as to legal entities in which the share of a US citizen and/or US resident is 10% or more; Japan, North Korea, Sudan, Crimea and Sevastopol; Cuba, Syria, or any state, country or other jurisdiction that is embargoed by the United States of America, a jurisdiction where the local Applicable Law prohibits or will prohibit you at any time (by reason of your nationality, domicile, citizenship, residence or otherwise) to access or use the Services of ROYALCOINS.IO.; or any state, country or other jurisdiction that falls under the sanctioned list of FATF, EU, OFAC, (hereinafter, together "The Restricted Jurisdictions");
   14. when using our website, or any online marketing platform from an affiliated or associated entity of RBFC or the Service or when interacting with RBFC, with another user or with a third party, you will not:
       1. breach this Terms and Conditions, or any other agreement between you and RBFC;
       2. open more than one account, without our prior written permission;
       3. provide false, inaccurate, or misleading information;
       4. allow anyone else access to your registration details, and will keep those details secure;
       5. refuse to provide confirmation of any information you provide to us, including proof of identity, or refuse to co-operate in any investigation;
       6. use an anonymising proxy (a tool that attempts to make activity untraceable); or
       7. copy or monitor our website using any robot, spider, or other automatic device or manual process, without our prior written permission.
   15. RBFC may, as necessary in providing the Service, store all information required of a Recipient to prove his or her identity or associated with their specific Transaction. Such proofs may include a suitable form of valid, unexpired identification from a list of acceptable papers provided by the Service Provider, and/or a Transaction tracking number, a personal identification number (PIN), a "password", a "secret word", or other similar identifiers.
5. CANCELLATION AND REFUNDS
   1. If you have any problems using the Service you should contact us through the channels listed at the end of this Terms and Conditions.
   2. You have the statutory right to cancel your agreement with us after you have submitted a Transaction. This right of cancellation continues until fourteen days after you have submitted the transaction, or until we have completed the contract by paying the Payout Amount to the Recipient, whichever is the earlier. If you exercise your right to cancel under this clause, we may make a cancellation charge.
   3. If you wish to exercise your right to cancel under this clause, you must submit a written request to one of the contact points listed at the bottom of this Terms and Conditions, giving the Sender's full name, address, and phone number, together with the Transaction tracking number, Transaction Amount, and the reason for your refund request.
   4. Any refunds will be credited back to the same Payment Instrument used to fund the Transaction and in the same currency. No adjustment will be made for any currency fluctuations which may have occurred in the meanwhile.
6. COLLECTION OF INFORMATION
   1. Customer Identification Program. NZ law requires all financial institutions to assist in the fight against money laundering activities and the funding of terrorism by obtaining, verifying, and recording identifying information about all customers. We may therefore require you to supply us with personal identifying information and we may also legally consult other sources to obtain information about you.
   2. Verification and Checks. We will verify your residential address and personal details in order to confirm your identity. We may also pass your personal information to a credit reference agency, which may keep a record of that information. You can be rest assured that this is done only to confirm your identity, that a credit check is not performed and that your credit rating will be unaffected. All information provided by you will be treated securely and strictly in accordance with the applicable AML/CFT laws and Privacy Act 1993.
   3. By accepting these Terms and Conditions you authorise us to make any inquiries we consider necessary to validate the information that you provide to us. We may do this directly, for example by asking you for additional information, requiring you to take steps to confirm ownership of your Payment Instruments or email address; or by verifying your information against third party databases; or through other sources.
   4. Data Privacy Policy. You consent to our processing your personal information for the purposes of providing the Service, including for verification purposes as set out in this clause. You also consent to the use of such data for communicating with you, and for statutory, accounting and archival purposes. You acknowledge that you have read and consented to RBFC's Data Privacy Policy. The Data Privacy Policy can be found by clicking here: Data Privacy Policy.
   5. Government Disclosures. We may be required by law to provide information about you and your Transactions to government or other competent authorities as described in our Data Privacy Policy. You acknowledge and consent to our doing this. In the event that you want to be notified about providing information about you under law, we will do so and will act according to your personal wishes in relation to the personal information to be disclosed about you and your transaction in order to meet the legal requirements.
7. INTELLECTUAL PROPERTY
   1. The RBFC website and the RBFC Service, the content, and all intellectual property relating to them and contained in them (including but not limited to copyrights, patents, database rights, trademarks and service marks) are owned by us, our affiliates, associated persons or third parties. All right, title and interest in and to the RBFC Online Site and the RBFC Online Service shall remain our property and/or the property of such other third parties.
   2. The RBFC website and the RBFC Service may be used only for the purposes permitted by these Terms and Conditions or described on this website. You are authorised solely to view and to retain a copy of the pages of the RBFC website for your own personal use. You may not duplicate, publish, modify, create derivative works from, participate in the transfer or sale of, post on the internet, or in any way distribute or exploit the RBFC website, the RBFC Service or any portion thereof for any public or commercial use without our express written permission. You may not: (a) use any robot, spider, scraper or other automated device to access the RBFC website or the RBFC Service; and/or (b) remove or alter any copyright, trademark or other proprietary notice or legend displayed on the RBFC website (or printed pages of the website). The name RBFC and other names and indicia of ownership of RBFC 's products and/or services referred to on the RBFC website are our exclusive marks or the exclusive marks of other third parties. Other product, service and company names appearing on the website may be trademarks of their respective owners.
8. WARRANTIES AND LIABILITY
   1. We will refund to you any benefit which we receive as a result of any breach of our agreement with you (this means that, for example, where a money transfer has failed in such circumstances we will refund to you the Transaction Amount and the Service Fee).
   2. If a money transfer is delayed or fails, you may have a right to receive a refund or compensation under laws relating to the provision of international money transfer services. We will provide you with the details of your rights to a refund or compensation if you contact us using the contact details at the end of this agreement.
   3. Any claim for compensation made by you and/or a Recipient (who is not registered with us) must be supported by any available relevant documentation.
   4. If any loss which you or a Recipient (who is not registered with us) suffers is not covered by a right to payment under the laws referred to in clause 8.2, we will only accept liability for that loss up to a limit which is the greater of: (a) the amount of any service charge; and (b) NZD$150, unless otherwise agreed by us in writing. Our cap on our liability only limits a claim for loss arising out of any single transaction or related transactions, or (if a loss does not arise out of a transaction or transactions) any single act, omission or event or related acts, omissions or events. This means that if, for example, you suffer loss by reason of our failure to perform our agreement with you under two unrelated transactions, you may be able to claim up to NZ$500.00
   5. We do not, in any event, accept responsibility for:
      1. any failure to perform your instructions as a result of circumstances which could reasonably be considered to be outside our control;
      2. Any malfunction in communications facilities which cannot reasonably be considered to be under our control and that may affect the accuracy or timeliness of messages you send to us;
      3. any losses or delays in transmission of messages arising out of the use of any internet service provider or caused by any browser or other software which is not under our control;
      4. errors on the website, or website of our affiliates or associated persons or third parties or with the Service caused by incomplete or incorrect information provided to us by you or a third party.
   6. Nothing in this clause 8 shall (a) exclude or limit liability on our part for death or personal injury resulting from our negligence; or (b) exclude liability for our fraud.
   7. Where you are sending a money transfer to a Recipient who is not registered with us, you agree to accept the provisions of this clause 11 not only for yourself, but also on behalf of the Recipient.
   8. Your relationship is with RBFC only if you choose to use the Service. You agree that no affiliate or agent of RBFC owes you any duty of care when performing a task which would otherwise have to be performed by RBFC under its agreement with you.
   9. You agree to indemnify and hold harmless RBFC, our subsidiaries, affiliates, officers, directors, employees, agents, independent contractors, advertisers, partners, and co-branders from all loss, damage, claims, actions or demands, including reasonable legal fees, arising out of your use or misuse of this website or Service, all activities that occur under your password or account e- mail login, your violation of this Terms and Conditions or any other violation of the rights of another person or party.
9. ELECTRONIC COMMUNICATIONS
   1. You acknowledge that this Terms and Conditions shall be entered into electronically, and that the following categories of information ("Communications") may be provided by electronic means:
      1. This Terms and Conditions and any amendments, modifications or supplements to it.
      2. Your records of transactions through the Service.
      3. Any initial, periodic or other disclosures or notices provided in connection with the Service, including without limitation those required by law.
      4. Any customer service communications, including without limitation communications with respect to claims of error or unauthorised use of the Service.
      5. Any other communication related to the Service or RBFC.
   2. The Service does not allow for Communications to be provided in paper format or through other non-electronic means. You may withdraw your consent to receive Communications electronically, but if you do, your use of the Service shall be terminated. In order to withdraw your consent, you must contact us using our contact information at the end of this Terms and Conditions.
   3. In order to access and retain Communications, you must have or have access to the following:
      1. An Internet browser that supports 128-bit encryption, such as Internet Explorer version 4.0 or above;
      2. An e-mail account and e-mail software capable of interfacing with RBFC's e-mail servers;
      3. A personal computer, operating system and telecommunications connections to the Internet capable of supporting the foregoing;
      4. Sufficient electronic storage capacity on your computer's hard drive or other data storage unit; and
      5. A printer that is capable of printing from your browser and e-mail software. In addition, you must promptly update us with any change in your email address by updating your profile at www.rbfc.com.
10. TERMINATION
    1. Either party may terminate this Terms and Conditions on one day's written notice.
    2. We may terminate this Terms and Conditions with immediate effect if you:
       1. become, or are likely to become, insolvent or are declared bankrupt;
       2. are in breach of any provision of this Terms and Conditions;
       3. your use of the Service or the website is disruptive to our other customers, or you do anything which in our opinion is likely to bring us into disrepute;
       4. breaches or attempts to breach the security of the website (including but not limited to: modifying or attempting to modify any information; unauthorised log-ins, unauthorised data access or deletion; interfering with the service, system, host or network; reverse engineering of any kind; spamming; hacking; falsifying data; introducing viruses, Trojan horses, worms or other destructive or damaging programs or engines; or testing security in any way);
11. COMPLAINTS
    1. If you wish to make a complaint about any aspect of the RBFC service, please send your complaint in writing to the address shown on the Contact Us page or by email: support@royalcoins.io. Please refer to the attached Privacy Policy for more information. We will do our very best to acknowledge receipt of your complaint within 2 business days of receipt. We will investigate your complaint and come back to you with the results of our investigation and conclusion no later than within 7 business days of receipt of your complaint. If you are not satisfied with the manner in which we have dealt with your complaint, or the outcome/resolution, then you may refer the matter to the Financial Dispute Resolution Scheme:

       Financial Services Complaints Limited

       PO Box 5967, Lambton Quay

       Wellington 6145

       By mail: Level 9, 109 Featherston Street Wellington 6011

       By phone: 0800 347 257

       By email: complaints@fscl.org.nz

       Online: http://www.fscl.org.nz/complaints/complaint-form

12. GENERAL
    1. Governing law: this Agreement will be governed with the laws in New Zealand and the parties submit to the exclusive jurisdiction of the New Zealand Courts.
    2. No Waiver: The failure of RBFC to exercise or enforce any right or provision of the Terms and Conditions shall not constitute a waiver of such right or provision.
    3. Modification: We may modify this Terms and Conditions from time to time without notice to you, except as may be required by law. You can review the most current version of the Terms and Conditions at any time by reviewing this website. You may terminate your use of the Service if you do not agree with any modification or amendment. If you use the Service after the effective date of an amendment or modification, you shall be deemed to have accepted that amendment or modification. You agree that you shall not modify this Terms and Conditions and acknowledge that any attempts by you to modify this Terms and Conditions shall be void.
    4. Entire Agreement: This agreement constitutes the entire agreement between the parties and supersedes all prior understandings or agreements relating to the subject matter of this agreement.
    5. Severability: If any provision of the Terms and Conditions is found by an arbitrator or court of competent jurisdiction to be invalid, the parties nevertheless agree that the arbitrator or court should endeavour to give appropriately valid effect to the intention of the Terms and Conditions as reflected in the provision, and the other provisions of the Terms and Conditions shall remain in full force and effect.
    6. Any external links to third-party websites on the website are provided as a convenience to you. These sites are not controlled by us in any way and we are not responsible for the accuracy, completeness, legality or any other aspect of these other sites including any content provided on them. You access such websites at your own risk.
13. Security

    We take security very seriously at RBFC, and we work hard, using state-of-the-art security measures, to make sure that your information remains secure. The RBFC Service is a safe and convenient way to send money to friends and family and to other people that you trust. However, we do advise you to consider very carefully before sending money to anyone that you do not know well. In particular, you should be very cautious of deals or offers that seem too good to be true - they may be scams. If you are aware of anyone or any entity that is using the Service inappropriately, please email us at support@royalcoins.io. Similarly, if you receive any emails, purporting to be from RBFC, which you suspect may be "phishing" (fake) emails, please forward them to us at support@royalcoins.io.

    
    

    Contact Information

    Questions, notices, and requests for refunds or further information should be sent to RBFC, as follows:

    Online: http://royalcoins.io;

    By email: support@royalcoins.io

    Or by mail at:

    Customer Service

    RBFC Global Limited

    Grafton, Auckland 1023

    New Zealand