General conditions of Bitnovo Pay
1.- LEGAL INFORMATION.
Company Name: PRESSBROKERS, S.L. Commercial name: BITNOVO®. BITNOVO® is a trademark owned by PRESSBROKERS SL registered in Spain under number M3658597. BITNOVO® is registered with the Bank of Spain as a provider of virtual currency exchange services for fiduciary currency with code number D687. Address: C/ Isla de Sardeña 1, Bajo, 46023, Valencia. CIF: B-98346646 Registration: Mercantile Registry of Valencia, Volume 9,334, Page 18, Entry 1, Sheet V-143,975. Telephone: 34 960 661 265 and email: info@bitnovo.com
2.- PURPOSE.
BITNOVO® wants to be your technological partner to accept cryptocurrency payments through the Bitnovo Pay solution. The BITNOVO® entity is a provider of virtual currency exchange services for fiduciary currency with registration before the Bank of Spain with code number D687, which, among other activities, has developed a platform for managing payments through cryptocurrency, called Bitnovo. Pay, offering businesses the possibility of receiving payments from their customers through cryptocurrency. The purpose of this document is to establish the basic conditions of use of Bitnovo Pay.
3.- REGISTRATION PROCESS.
The client who wishes to contract this service will have to register on the platform, register their business and carry out the KYB (Know Your Business) verification process. Once this process has been satisfactorily completed, you will be registered and will be able to use the Bitnovo Pay cryptocurrency payment management service. Record. In this registration phase you will be asked for an email address, a password and a telephone number. Likewise, you must accept both the Privacy Policy and these general conditions. Add trade. Once registered, you can add your business by entering your business data. Verify trade. The next step will be to verify your business, for which we will require a series of documentation to comply with the regulations on the Prevention of Money Laundering and Terrorism Financing, within our regulatory compliance policies.
4.- OPERATIONAL.
Once the merchant has been registered and said merchant has been verified, you will be able to receive payments in cryptocurrencies, with the payment management operation being as follows: 1. The end customer chooses the payment option with cryptocurrencies as a method of payment and selects the type, beginning the payment with the communication of the following information: amount in FIAT currency, the chosen cryptocurrency, and a description of the payment. BITNOVO® will communicate the payment request through the same means, which will be displayed through a QR that will contain the payment information that the client must make: chosen cryptocurrency, conversion, destination wallet. Said information will also be available for manual entry, although it is recommended to avoid this last option as much as possible since, if it is sent through another network, or to a wrong address, the payment cannot be computed, all in order to avoid errors in the process of sending cryptocurrency, since operations with cryptocurrency are irreversible. 2. To complete the payment, the customer will scan the QR Code or enter the information manually by the consumer, proceeding to accept the payment with cryptocurrencies. 3. The consumer has, from the moment the QR is shown with the payment information, 15 minutes to complete the payment, during which BITNOVO® guarantees the price set in euros in consideration. 4. During the payment process, the merchant will be informed at all times of the status of the transaction.
5.- RETURNS
The returns that a consumer or end user intends to make must be processed with the business that has made the sale of the good or service provided and follow its return policy.
6.- PREVENTION OF MONEY LAUNDERING.
BITNOVO®, as a Cryptoactive Service Provider, is included within the typology of obligated subjects included in article 2.1. section z) of Law 10/2010 of April 28, on the Prevention of Money Laundering and the Financing of Terrorism. As an obligated subject, it must carry out due diligence measures, forcing the client to collaborate with BITNOVO® in the fulfillment of its obligations regarding the prevention of money laundering and financing of terrorism. To comply with said regulations, BITNOVO® and within the due diligence process, we must identify the users who register on the platform, for which we will ask for information.
7.- PROTECTION OF PERSONAL DATA
Within the framework of their contractual relations, the Parties have the obligation to respect the current regulations applicable to the processing of personal data and, especially, Regulation (EU) 2016/679 of the European Parliament and of the Council of April 27, 2016 applicable as of May 25, 2018 (hereinafter, the "RGPD"), as well as Organic Law 3/2018, of December 5, on the Protection of Personal Data and Guarantee of Digital Rights (LOPDGG). BITNOVO®, within the European legislative framework must comply with its obligations related to the Prevention of Money Laundering and Terrorism Financing, may request information about users, in order to comply with the aforementioned regulations. For more information, see our Bitnovo Pay Privacy Policy.
8.- INTELLECTUAL AND INDUSTRIAL PROPERTY.
The website www.bitnovo.com, the BITNOVO® mobile application, as well as the BitnovoPAY API and any other software owned by BITNOVO®, the source code and all their contents, including texts, photographs, music, graphics, icons and the design, configuration, structure, the combination of colors, trademarks, designs, domain names, links and any other element that is incorporated, are the property of BITNOVO®. BITNOVO® has all intellectual and industrial property rights over them, including, but not limited to, patent rights, copyrights, trade secrets, trademarks and knowledge (Know-how). This contract does not transfer the ownership of any of these rights, nor does it prevent BITNOVO® from selling, licensing, modifying, publishing or distributing and using the aforementioned technology and/or tools, in whole or in part, to a contracting third party.
9.- LEGISLATION AND JURISDICTION
The relationship between the User and BITNOVO® will be governed by the regulations in force and applicable in the Spanish territory. Should any controversy arise in relation to the interpretation and/or application of these Conditions, the parties will submit their conflicts to the ordinary jurisdiction, submitting to the corresponding judges and courts according to law.
10.- CONTACT
You can contact us either by phone: 34 960 661 265, or by email: info@bitnovo.com.