TERMS AND CONDITIONS
” WELCOME BONUS “
1.OKTO offers to the new users of the OKTO.WALLET (“Users”) a five GBP (£5) welcome bonus (“Welcome Bonus”).
2. These Welcome Bonus Terms and Conditions are subject to the OKTO Consumer Terms and Conditions, OKTO KYC/AML Levels and Limits and the OKTO Privacy Policy set forth on the OKTO Website www.oktowallet.com.
3. Taking part in the Welcome Bonus constitutes acceptance of these Welcome Bonus Terms and Conditions. If you do not agree to these terms and conditions, please do not participate in the Welcome Bonus in any manner.
4. The Welcome Bonus is offered by OKTOPAY UK LIMITED, a company incorporated in England (company number: 13003314) with registered office at 20 Ashfield Road, Leicester, England, LE2 1LA ( hereinafter referred to as “OKTO”), acting as an EMD Agent of PayrNet Limited, a company incorporated in England and Wales (company number: 09883437) with its registered office at “PayrNet, WeWork, 3 Waterhouse Square, 138 Holborn, London, EC1N 2SW, UK” authorized as an Electronic Money Institution (“EMI”) by the Financial Conduct Authority under the Electronic Money Regulations 2011 (“EMR 2011”) (register reference 900594) for the issuing of electronic money.
5. The participation in the Welcome Bonus is free.
6. Users may opt-out from the Welcome Bonus if they wish. Please send your request at the following email address: support@oktopay.eu and the relevant department will process your request and inform you accordingly.
7. Eligibility and Participation
The participation in the Welcome Bonus is allowed to natural persons over 18 years of age that reside in the United Kingdom.
The Welcome Bonus will be offered exclusively to new users of the OKTO App who will use their OKTO.Wallet in order to make their first deposit of funds to one of OKTO’s collaborating merchants.
To participate:
- Download the OKTO App;
- Complete the registration and verification process for opening an OKTO Account, in accordance with the OKTO KYC/AML Levels and Limits set forth on the OKTO Website;
- Top up your OKTO.Wallet;
- Make at least one deposit of funds to one of OKTO’s collaborating merchants in the United Kingdom.
Further information on OKTO’s collaborating merchants’ locations can be found at https://www.oktowallet.com/uk/store-locator/.
8. Duration
The Welcome Bonus will be available to the eligible Users from Thursday 10th of November 2022 (00.00h UTC +1) (“Start Date”) until terminated by OKTO at its sole discretion, at any time.
9. Restrictions
Users are permitted to hold only one (1) OKTO Account. Multiple registrations are not permitted nor multiple Welcome Bonus participations for the same OKTO Account.
OKTO reserves the right, at its sole discretion, to decline registration of any participation in the Welcome Bonus and/or disqualify any participant in the Welcome Bonus in case of tampering or attempt to tamper with the operation of the Welcome Bonus (“Welcome Bonus Abuse”).
Specifically, a Welcome Bonus Abuse includes, but is not limited to:
- breach of these Welcome Bonus Terms and Conditions and/or any of the OKTO Consumer Terms and Conditions set forth on the OKTO Website;
- the opening of multiple accounts to claim multiple Welcome Bonuses;
Where there is a reasonable suspicion that the User has committed or attempted to commit a Welcome Bonus Abuse, either on their own or as part of a group, OKTO reserves the right to (cumulatively or selectively):
- forfeit the Welcome Bonus allocated to the User’s OKTO Account;
- revoke, deny, or withdraw the Welcome Bonus from the User’s OKTO Account;
- exclude the User from any future promotional offer;
- terminate the User’s OKTO Account with immediate effect, according to the provisions of the OKTO Consumer Terms and Conditions.
Under no circumstances shall OKTO be liable for any consequences of the Welcome Bonus cancelation or decline.
The value of the Welcome Bonus may be considered taxable income. The recipient of the Welcome Bonus is responsible for any taxes resulting from the Bonus and should consult a tax advisor if he/she has questions about the tax treatment of the Welcome Bonus.
10. Receiving Welcome Bonus
The Welcome Bonus of five GBP (5£) will be credited to the User’s OKTO Account after the deposit to OKTO’s collaborating merchant if the User satisfies the eligibility and participation requirements under section 7 above.
The Welcome Bonus can be used as the User wishes, for any available transactions via the OKTO App, in accordance always with the OKTO KYC/AML Levels and Limits set forth on the OKTO Website. However, the Welcome Bonus will not be available and shall not be sent to other OKTO users via the OKTO App.
The Welcome Bonus is not transferable, and it is provided as is, no substitutions are permitted.
All of OKTO’s decisions regarding any aspect of the Welcome Bonus is final and binding, and no correspondence will be entered into about it.
11. Limitation of Liability
OKTO makes no representation or warranty in relation to the Welcome Bonus. OKTO does not accept, to the fullest extent permitted by law, any liability for any damage, loss, injury or disappointment (including without limitation any loss of profits, loss of revenue, loss of goodwill) suffered by any User that arises out of or in connection with the Welcome Bonus or as a result of either participating in the Welcome Bonus, receiving the Welcome Bonus or using the Welcome Bonus.
If an act, omission, event or circumstance occurs which is beyond the reasonable control of OKTO and which prevent OKTO from complying with these terms and conditions, OKTO will not be liable for any failure to perform or delay in performing its obligations.
12. General
OKTO reserves the right at its sole discretion to cancel, withdraw, terminate, or temporarily suspend this Welcome Bonus or amend these Terms and Conditions at any time. The Users will be notified via the registered e-mail address.
In the above cases, OKTO bears no responsibility towards the Users and the Users are not able to request the completion or continuation of the Welcome Bonus and/or to claim damages.
If any of the above cases occur, any User that wishes to withdraw its participation in the Welcome Bonus shall sent an e-mail to support@oktopay.eu, stating explicitly that it wishes to withdraw its participation. If the users do not withdraw their participation by following the above procedure, their participation in the Welcome Bonus will be considered valid, and it will imply that they tacitly and unconditionally accept the terms and conditions of the Welcome Bonus, as these are amended.
The Welcome Bonus and these Terms and Conditions shall be governed by the laws of England and any disputes will be subject to the exclusive jurisdiction of the Courts of England.
