iGolder Account Agreement
By opening an account at iGolder means that you (the
"User") accepts all the terms and conditions of this agreement. You understand that this is the entire agreement between you and
iGolder Ltd, and that the agreement does not need to be signed by
either party to be effective and binding on both parties. This
contract applies to your use of iGolder Ltd payment service and any related
product and services available through
www.iGolder.com (referred to collectively as the "Service"). By
registering for the Service, you appoint iGolder as your
agent to process
transactions on your behalf in accordance with your instructions, subject to
the terms and restrictions of this Agreement.
iGolder reserves the right, at its sole discretion, to change, modify, add, or
remove portions of these terms at any time and without notice.
Executive Summary
- You agree to open only one iGolder account.
If you need multiple accounts, you have to contact
us, and we will be happy to open you another account provided you
qualify for multiple accounts.
Learn more...
- You agree to provide genuine information about yourself, such as
your photo ID and your address. Any false information may result
in your account termination.
- You agree to not use iGolder for
criminal activities, including any
kind of theft, fraud or extortion.
- You agree to not use iGolder for high-yield
investment programs (HYIP),
pyramid schemes, multi-level marketing (MLM),
Autosurf or
get-rich-quick programs.
- You agree to not use iGolder for gambling or for receiving gambling remittance.
- You agree to contact us and seek our
approval before promoting any
investment program. At iGolder, we do not want to be involved in
any investment scam.
- You agree you are responsible of keeping the confidentiality of your
login and password, and you are as well entirely responsible of any
activity done under your account.
Acceptable Use
The iGolder platform is designed for individuals living in
third-world countries where it is extremely difficult to obtain a
merchant account. We welcome all kind of businesses, as long
as those businesses are not engaging in criminal activities. As a rule of thumb, if a business activity is
legal in your country, then you have our blessing. Certain type of businesses, although legal, are
excluded because they do not correlate with our mission of expanding the division of
labor. iGolder does not endorse any type of
zero-sum game, such as
gambling, multi-level marketing (MLM) or get-rich-quick programs.
We strongly believe all MLMs are pyramid schemes exploiting
people's relationships and selling broken promises.
As an iGolder member, you also agree to not engage
in any of the following activity:
- Selling stolen material, stolen information or counterfeit items.
- Selling broken promises, misleading or false advertising.
- Selling spamming services, directly or indirectly.
- Sending unsolicited email (aka spam) to sell your products and services through iGolder.
Account Termination Warning
iGolder is not in the business of terminating accounts without
cause or without warning. We won't put our
nose in your business, however if we receive a high ratio of
complaints from other members who purchased your product, we will
give you a warning. A warning is usually associated with a
Demerit Point which increases
the transfer fees. If the ratio of complaints remains high
and you make no effort to address the issue, then we will
terminate your account (see below for details).
We want to have as many members as possible, so it is not in our
interest to terminate any account. We also promise to
investigate the soundness and legitimacy of the complaints before
issuing a warning. We take pride in offering a secure and reliable
platform to our members, and want our members to know they can rely on iGolder as a pillar
for their business.
Account Termination
Ultimately, iGolder reserves the right to reassess your membership
eligibility if you fail to comply with our Account Agreement.
If you receive a notice of account termination, your gold will
remain in your ownership for as long as you wish, however your
account will no longer be allowed to receive any gold from other
members. You will retain the full right to exchange (sell) your
gold with any other members until you have no more gold in your
account.
We are personally against rewarding offenders for their
criminal activities, and if we terminate an account regarding a
criminal activity, we will not allow the criminal to keep his
gold. Instead, iGolder will dispose the stolen gold to
compensate the victims of the crime.
iGolder considers all high-yield investment
programs as outright fraud, and iGolder will terminate any such account
without a warning. We do not want to touch any HYIP with a
ten-foot pole, and we are serious about it. If we discover
an HYIP, we will consider all participants as a violators of the
account agreement with the intent to defraud iGolder. The owner of the HYIP account will not be
allowed to keep any gold, and the gold will not be returned to
other members who colluded in the pyramid scheme. Instead,
iGolder will use the gold to hire more staff to track down
high-yield investment programs and will issue a
Demerit Point to all members
who "invested" in the HYIP. You are
responsible of educating yourself about the
definition of a
High-Yield
Investment Program, and if in doubt, feel free to
contact us before participating in it.
Agency Relationship
You acknowledge that iGolder is not a bank and the website is a payment
processing service rather than a banking service. iGolder acts as a
facilitator helping you to accept payments from, and making payments to
third parties. We simply act as your agent, based upon your directions
made via our website, performing tasks on your behalf.
- By receiving payments through the Service, you appoint iGolder as
your agent to have the gold kept on your behalf in the pooled accounts
until you further instruct iGolder regarding the disposal of your gold.
iGolder will at all times hold your gold separate from its corporate
gold, will not use your gold for its operating expenses, or for any
other corporate purposes, and will not voluntarily make gold available
to its creditors in the event of bankruptcy, or for any other purpose.
- If you received a notice that a payment has been sent to you
through iGolder, but you have not registered for the Service, then
iGolder will not become your agent and you will have no claim to the
gold unless and until you register for the Service and acknowledge your
acceptance of the payment.
- By initiating a payment through the Service, you appoint iGolder to
transfer the requested amount of gold from your account to the recipient
that you designate. During the transfer period, iGolder will hold the
gold and you will not be able to transfer this gold to another recipient
unless the transaction is rejected by the recipient.
- Through the Service, you may provide instructions to
redeem your
gold in physical bullion. The minimum bar size is 1,000 grams (1
Kg) and the maximum redemption fee is 5% of the weight of the bar.
- Through the Service, you may also bring your physical gold for a
gold bailment.
Knowing Our Customers
We believe knowing our customers is a good business policy to keep fraud
at bay. iGolder requires a scan of your picture ID and proof of
address such as a utility bill. We strongly encourage you to read our entire
Know Your Customers policy to learn our stance on the
issue.
Money Laundering
iGolder is against any kind of money laundering. Our
Anti Money Laundering policy clearly states we will not
assist our members doing any money laundering.
Criminal Activities
If iGolder reasonably suspects that a member is using iGolder to conceal
the proceeds of crime or for any other criminal purpose, then iGolder
reserves the right to freeze the account until the investigation is complete.
Therefore, you acknowledge iGolder may freeze your account and ask you a
proof of legitimacy, such as providing invoices and the name of customers.
We have no desire to freeze any account nor investigating any business;
however, we are determined to combat criminal activities. Criminality
impoverishes the whole population, and when criminals earn a comfortable
living, it invites others to join. iGolder is strongly against rewarding crime.
iGolder
will also freeze an account, if ordered to do so by an order from a court or
arbitration body of acceptable jurisdiction.
Right of Association
iGolder reserves the right to refuse service to particular
individuals, at its sole discretion, with or without cause.
Your Privacy
Privacy is a hot topic these days, and we want you to feel totally
comfortable using iGolder.
All your transactions at iGolder are private and confidential, however, in order to combat fraud, we
have to record everything, from your IP address to complete transactions history. We retain such information for five years in case of a criminal
investigation. We do not disclose any particulars or details unless
compelled to do so by a court order of competent jurisdiction regarding a
criminal activity, or we believe in good faith that the disclosure of
personal information is necessary to prevent a criminal activity or to
investigate violations of our Account
Agreement. In the case of a criminal investigation, the law enforcement
agency must strictly abide by our criminal
procedure rules.
We take great care of storing your private information. We enforce
physical access to our servers and files, encrypt all the data, and we
authorize access to personal information only for those employees who
require it to fulfill their job responsibilities. For more details
about how we protect your private information, feel free to read our
Privacy Policy.
Account Security
iGolder implements various security measures to protect your account from
unauthorized access. Please remain vigilant; email spoofing and phishing
attacks are the fastest growing form of consumer theft. We do our
best protecting your account, however you also have
to do your part keeping your password private and confidential.
Fees
You agree to pay the
transaction
fee when receiving a gold payment from another
member. Your fee varies according to your
overall reputation at iGolder, which ranges from 4%
down to 0.1%. The fee is always rounded up to
the nearest milligram of gold. Therefore the
minimum fee for any transaction is
0.001 gr of
gold.
iGolder reserves the right to assess and collect the following fees from your
account:
- Agio Fee: A monthly storage fee collected based on the average of your
daily balance.
- Administrative Fee: A fee collected for providing you a service such as
resolving a dispute,
mediation,
address verification, identity
verification for password recovery, etc.
Escheat
iGolder will not escheat inactive accounts. An inactive account with a balance shall
remain dormant forever, other than continued
assessment of fees, unless and until an heir
presents valid documentation entitling the heir
to inherit the account.
Exchange Rates and Gold Charts
iGolder provides free
gold
charts and an exchange rate calculator (
gr
) to convert the value of a national currency into a
weight of gold. You agree such services are
strictly for your convenience making a gold
payment. You also agree the exchange rates
fluctuate continuously, and by definition,
cannot be accurate.
Alias Spoofing
You agree to not
create an alias for
collecting fraudulent payments. iGolder reserves the right to remove your
alias if deemed too similar to another business alias name.
Member Reputation
You authorize iGolder to compute a
reputation score from the feedback of your trading partners. You
also authorize iGolder to always display your
Karma value next to your
nickname / alias.
Member Reputation Transfer
You agree to never transfer nor sell your iGolder account to anyone.
iGolder has this policy to ensure the integrity of our reputation feedback
system. This is because your reputation belongs to you, and only you.
Someone purchasing your business must earn his reputation at iGolder like
everyone else. Any change in business ownership
or management represents a different business to our members, as the
performance of the new owner may be completely different from yours.
Reputation and Litigation
You agree to never sue another member regarding a negative feedback
rating or a feedback comment. iGolder provides a civilized mechanism to
request the
removal of a feedback rating.
Liability
- Identity Theft. You agree iGolder is not liable for any activity done by a person
who uses your login and password without your proper authorization, or
from any unauthorized person accessing your iGolder account through a
computer left unattended.
- System Availability. The website iGolder.com,
which is accessed by you across the Internet, might become inaccessible
for periods of time. This could prevent you from executing a transaction
which you would otherwise have made. This risk is not the responsibility
of iGolder.
- Force Majeure. iGolder shall not be liable to
you for any delay or failure by it to perform its obligations if such
delay or failure arises from any unforeseeable causes beyond its
reasonable control including, but not limited to, acts of God, floods,
lightning, earthquakes, labor disputes, shortages, rationing, utility
failures, war, terrorism, riot, embargoes, and actions of any government
agency or subdivision thereof.
- Insurance Exclusions. As your property, your gold
is subject to insurance exclusions imposed by insurance underwriters in
line with established insurance practice regarding the physical
protection of your gold. These excluded risks are written on the
insurance contract and include events like a nuclear war. Such risks
are not the responsibility of iGolder; they are risks you undertake with
respect to your gold, except that no exclusion absolves iGolder in
undertaking its correct duties of care in arranging the security of your
property to levels considered commercially acceptable.
- iGolder is liable only for losses caused by its negligence and/or willful
misconduct.
Jurisdiction
This Account Agreement is governed by the laws of
Belize as such laws are applied to agreements
entered into and to be performed entirely within
Belize by Belize residents.
Disclaimer
iGolder acts as a third party collector of feedback comments and ratings on its
members. While we believe feedback comments present an accurate view of
previous customer experience, past performance is not a
guarantee of a similar result. Reputation feedback and ratings on iGolder
should be used only as part of a comprehensive due diligence program
before purchasing goods and services
All information provided at iGolder.com are opinions only. It is not
intended to serve as legal advice nor is it meant to be a substitute for the
advice of a private attorney selected by you.