1. Description

This offer provides that a card issued by a commercial bank licensed by the CBA of RA can be bind to the account of the electronic payment system under the trademark «EasyWallet» (hereinafter also referred to as the account) in order to ensure the full registration of the account or to form a source of payment in the registered account. After binding the bank card, it is available in the domain of available sources of the payment in the account and is actually used every time a transaction is made with the given bank card from the account.

2. Bank card attachment condition

A bank card can be attached exclusively by the cardholder with authorization and confirmation by entering one-time passwords and other security measures. The cardholder must ensure that the process of attaching the bank card is carried out completely correctly and according to the specified conditions.

3. Execution of Transactions

After attaching the bank card, all transactions performed using the given card from the domain of the electronic wallet are considered performed by the client-cardholder. This means that all payments, transfers and other financial operations made from the registration account using a bind bank card are recognized as made by the cardholder himself.

4. Bank card attachment period

The bank card remains attached to the account until it is unbind or expires. In other words, the bank card will remain attached to the account during its validity period or will be removed from the account at the initiative of the customer-cardholder and taking appropriate actions. That is, the bank card is not deprived of the attached status until any of the aforementioned conditions appear.

5. Risks' distribution

All risks that may arise from the access of the account and/or card to third parties are fully born by the customer-cardholder. In other words, if any third party gets access to the data necessary to grant access to the account and/or perform actions, and transactions and actions are performed that are not in accordance with the will of the customer-cardholder, then in the context of point 3 of these terms and conditions, the responsibility of the the consequences of any type and volume of the given actions is beared by the customer-cardholder.

6. Other terms

6.1 These rules can be changed unilaterally by the Company by publishing the edited version.

6.2 These rules and all actions and relationships described are regulated by the current legislation of the Republic of Armenia. Disputes arising between the parties are resolved through negotiations, and in case of failure to reach an agreement through negotiations, the resolution of disputes can be submitted to the examination of a competent court in accordance with the procedure established by RA legislation or, in the presence of an appropriate agreement between the Parties, to the examination of a licensed conciliator or arbitration tribunal.

6.3 These rules apply unequivocally throughout the use of the account until its deactivation or removal from the system.

By approving these conditions, the customer-card holder certifies that he has read, understands, fully agrees and unconditionally accepts the stated conditions.