SpendCredit Terms
Nature of SpendCredits
- Not a Cryptocurrency: SpendCredits (“SpendCredits”) are a form of prepayment for exclusive use on the SpendCrypto website (“the Site”). They are not a cryptocurrency, digital token, or blockchain-based asset.
- No Monetary or Ownership Rights: SpendCredits do not represent any ownership interest, equity, or security in the Site or its operator. They do not accrue interest or dividends and cannot be redeemed for cash, cryptocurrency, or any other form of monetary value.
- Non-Transferable, Non-Tradable: SpendCredits cannot be sold, traded, exchanged, or transferred to any individual or entity. They are strictly intended for making purchases on the Site.
- Value Determined by SpendCrypto: SpendCredits have a fixed value as determined solely by the SpendCrypto team. While SpendCredits are nominally set at a 1:1 rate with USD for internal calculations, they do not constitute a fiat currency, cryptocurrency, or legally recognized medium of exchange. Their value does not fluctuate with external exchange rates or market conditions but may be adjusted periodically at SpendCrypto’s discretion. SpendCredits are strictly non-transferable, non-tradable, and cannot be redeemed for cash or withdrawn into external accounts. SpendCrypto assumes no liability for any perceived gains or losses resulting from exchange rate fluctuations, currency conversions, or economic factors.
Purpose and Use
- Purchases on SpendCrypto: SpendCredits are intended solely for the purchase of goods or services listed on the Site.
- No Investment or Security: SpendCredits do not constitute an investment, security, or financial instrument. Users should not expect any profit, interest, or return from acquiring or holding SpendCredits.
SpendCredit Expiry
- One-Year Validity: SpendCredits expire one (1) year from the date of purchase unless otherwise clearly specified. Any remaining or unused SpendCredits after this period will be forfeited without notice or liability.
- No Liability for Expiration: SpendCrypto are not liable for any losses, damages, or claims resulting from expired SpendCredits.
No Financial, Legal, or Tax Advice
- Information Only: Any information, descriptions, or content provided on or in relation to SpendCredits and the Site is for informational purposes only. It does not constitute financial, legal, or tax advice.
- Consult Professionals: Users are advised to seek independent professional advice regarding any legal, financial, or tax implications associated with purchasing or using SpendCredits.
User Responsibilities
- Account Security: Users are responsible for maintaining the confidentiality and security of their user accounts. Any unauthorized access or use of SpendCredits due to user negligence is the user’s sole responsibility.
- Compliance with Law: Users must comply with all applicable laws, regulations, and rules when purchasing or using SpendCredits.
- Misuse or Fraud: Any suspected misuse, fraudulent activity, or violation of these terms may result in the suspension or termination of a user’s account and/or forfeiture of any remaining SpendCredits.
Liability and Warranties
- Site and Service Availability: We do not guarantee that the Site, or any features (including the purchase or redemption of SpendCredits), will be uninterrupted or error-free. Maintenance, upgrades, or technical issues may result in temporary unavailability.
- “As Is” Basis: SpendCredits, the Site, and all related services are provided on an “as is” and “as available” basis, without warranties of any kind, whether express or implied.
- Limitation of Liability: To the fullest extent permitted by law, We shall not be liable for any direct, indirect, incidental, consequential, special, or punitive damages (including, but not limited to, loss of data, revenue, or profits) arising out of or related to the purchase, use, misuse, or inability to use SpendCredits or the Site.
- Third-Party Services: Purchases made using SpendCredits may involve third-party vendors. We do not endorse or assume liability for any products, services, or content provided by third parties.
Indemnification
- User Indemnity: By purchasing or using SpendCredits, you agree to indemnify, defend, and hold harmless the Site, its owners, affiliates, employees, and agents from and against any and all claims, liabilities, damages, losses, or expenses (including reasonable attorneys’ fees and costs) arising out of or in any way connected with:
- Your breach or violation of this Disclaimer or any other applicable terms and policies.
- Your misuse of SpendCredits or the Site.
- Your violation of any law or the rights of a third party.
- User Indemnity: By purchasing or using SpendCredits, you agree to indemnify, defend, and hold harmless the Site, its owners, affiliates, employees, and agents from and against any and all claims, liabilities, damages, losses, or expenses (including reasonable attorneys’ fees and costs) arising out of or in any way connected with:
No Endorsement or Guarantee
- No Value Guarantee: We make no guarantee regarding the future availability, acceptance, or value of SpendCredits.
- No Endorsement: Any reference to third-party products or services via the Site does not constitute or imply endorsement by Us.
Changes to SpendCredits
- Policy Updates: We reserve the right to modify, suspend, or discontinue the SpendCredits program, or to revise the terms of this Disclaimer, at any time without prior notice.
- Effective Date of Changes: Any changes will be effective immediately upon posting the updated version of this Disclaimer on the Site.
Termination
- Program Discontinuation: We reserve the right to terminate the SpendCredits program at any time. In such an event, we will make reasonable efforts to notify users.
- No Refund: Unless otherwise required by applicable law, no refunds will be issued for any unused or unredeemed SpendCredits if the program is terminated.
Force Majeure
- No Liability for Events Beyond Control: We shall not be liable for any delay or failure to perform resulting from causes outside our reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, riots, embargoes, governmental actions, or Internet or telecommunications failures.
Governing Law
- Governing Law: This Disclaimer and any related disputes shall be governed by and construed in accordance with the laws of the jurisdiction in which We are established, without regard to conflict-of-law principles.
Contact Information
- Questions or Concerns: If you have any questions about SpendCredits or this Disclaimer, please contact us at support@spendcrypto.com
By purchasing or using SpendCredits, you acknowledge that you have read, understood, and agree to be bound by these Terms.
Last Updated: February 7th, 2025