Virtual Wallet Clause Samples
The Virtual Wallet clause establishes the terms and conditions governing the use of a digital wallet service provided by a company. It typically outlines how users can deposit, store, and use funds electronically within the platform, including any limitations on transactions, fees, or security measures. By defining these rules, the clause ensures both parties understand their rights and responsibilities, thereby facilitating secure and efficient electronic transactions while minimizing the risk of disputes or unauthorized use.
Virtual Wallet. We may give you the opportunity to use a virtual Debit Card through a third-party wallet service. If we do, you may be required to accept additional terms and conditions regarding your use of the virtual Debit Card. We are not responsible for any third-party wallet service.
Virtual Wallet. 1. The Lender may opt for a Virtual Wallet where he may park his money for the purpose of investing his funds. Money may be added in the Virtual Wallet by depositing funds in the RupeeCircle Escrow account / nodal bank account. The Virtual Wallet may also be used;
0. to park the amount repaid by the borrower for it to be re- invested in any other Listings on the Website, or;
1. to transfer the repayment amount in his own bank account from the Virtual Wallet.