Please enable JS

MAIN RULES

06/05/2020

MEMBER RULES FOR THE 6DOT50 MEMBERSHIP PROGRAMME

The membership rules is an electronic contract that sets out the legally binding terms of the relationship between 6DOT50 and you. By registering to become a member or by accessing the solution, you accept and agree to be bound by these rules (terms and conditions), the benefit rules as well as any policies and notices published on our website.

We reserve the right to amend these rules and to introduce additional terms at any time. You are therefore responsible for regularly reviewing this agreement. Continued access or use of the benefits offered by us after such changes are made, shall constitute your consent thereto.

The laws of the Seychelles shall in all respects govern the terms of this agreement.

PURPOSE OF THE PROGRAMME

The 6DOT50 Membership Programme is owned and controlled by 6DOT50 Limited, an International Business Company registered in the Seychelles under registration number 219119 (“6DOT50”, “6.50”, “us” or “we”). We facilitate the exchange of value between members and between members and business partners of 6DOT50 using voucher products sold by 6DOT50. 6DOT50 Vouchers may be linked to known and trusted values such as the United States dollar, for example, and in this case the 6DOT50 Voucher may be referred to as Digital Dollars (D$), We may also offer Digital Pounds (D£) and other digital representations of value so that you are able to easily determine the value of the voucher that you hold. The value of each Digital voucher is backed 100% by the equivalent fiat currency held on deposit in a bank account that is independently managed and controlled by professional organisations in accordance with these Member and the Benefit Rules. The value of 1 Digital Dollar is therefore equal to 1 US Dollar.

Unlike physical products that are subject to wear and tear, subject to loss and are costly to store and move, 6DOT50 vouchers are borderless and are not prone to wear and tear or loss thus retaining its representative value indefinitely. In addition, 6DOT50 Vouchers may be redeemed to acquire other products and services from 6DOT50 participating Payment Facilitators and business partners. A 6DOT50 Voucher is therefore a product with a common measure of value used in the exchange of products and services.

6DOT50 plays the limited role of Selling voucher products to members and managing them on behalf of members in accordance with these Member and the Benefit Rules.

PARTIES

These rules govern the relationship between 6DOT50 (us) and the Member (you).

6.50, 6DOT50, we, us, our Refers to 6DOT50 Limited (219119), a wholly-owned subsidiary of FFS Holdings Limited (registration number: GB19025003), and located at 1st Floor, Nr. 4 DEKK House, De Zippora Street, P.O. Box 505, Providence Industrial Estate, Mahé, Republic of Seychelles
Member, you, your Refers to a member of the 6DOT50 Membership Programme
Payment Facilitator Refers to a business partner registered with 6DOT50 or a business that accepts 6DOT50 vouchers in exchange for products and services.
Payment Processor Refers to a business partner that facilitates the collection and payment of funds due by and to members on behalf of 6DOT50.

MEMBERS

To be a member of 6DOT50, you must be:

a)
An individual 13 years or older (or the minimum legal age in your country to use our products and services) and you must have a mobile phone number that will be used as your membership number. Members under the age of 18 years may participate with limited access to our services. Those members under the age of 18 years will need permission from their parent or guardian to participate in all the benefits offered by the 6DOT50 membership programme; or
b)
An approved business that registers for one of the approved Business Benefits offered by the 6DOT50 membership programme.

Where a territory, in which a member resides, imposes restrictions on that member’s ability to participate in the 6DOT50 membership programme, such restrictions may be implemented by 6DOT50. You are solely responsible to ensure that you comply with any and all local laws and requirements and or restrictions that may be applicable to you in your territory. We will take the necessary steps to comply with the applicable regulatory requirements in order for us to offer our products and services to you in your territory.

6DOT50 MEMBERSHIP BENEFITS

Members are entitled to access the Benefits offered by the Programme as detailed in the Benefit Rules including, but not limited to:

a)
The ability to BUY 6DOT50 vouchers using cash, bank cards or electronic funds transfer subject to availability in your territory. Fees apply.
b)
The ability to SEND 6DOT50 vouchers to other members anywhere for FREE.
c)
The ability to USE 6DOT50 vouchers in exchange for goods and services. Fees may apply.

You can start accessing the benefits offered from the time that your membership details have been verified.

Members may not use 6DOT50 vouchers as security for any debt. 6DOT50 vouchers may only be exchanged for goods and services offered by or through 6DOT50 and in limited circumstances we will refund you for unwanted 6DOT50 voucher products subject to our refund policy.

The Programme is designed to facilitate value transfers between members and between members and 6DOT50 Business Partners using vouchers linked to a known currency as common measure of value. Your membership and benefits may be terminated if we find that you acted dishonestly or fraudulently in your engagement with the 6DOT50 Membership Programme.

You are encouraged to report any fraudulent or misuse of benefits by contacting 6DOT50 on INFO@6DOT50.com.

If your membership ends or your membership is terminated for any reason:

a)
Your rights to benefits will cease; and
b)
We will refund you for the value of 6DOT50 vouchers held in your 6DOT50 Account less any fees that may be applicable.

To cancel a membership you must give 30 calendar days' notice in order for us to process any refund that may be due to you.

FEES

There are no joining fees or monthly fees payable by members. Fees that may be applicable to benefits will be posted on our website and will be charged as applicable. The fees that are applicable are:

a)
Transaction Fees on BUY – When members request to purchase 6DOT50 vouchers a transaction fee will be applied. The quantum of the fee is dependent on the fees charged by third party providers and will be quoted at the time you choose to purchase and before you commit to incurring these charges.
b)
Transaction Fees on USE – When redeeming vouchers for other products and services no transaction fees will be charged to members. Fees may be applicable when redeeming vouchers for alternative voucher options. Fees may also apply to Business Benefits available to Business members.
c)
Transaction Fees on SEND – When sending 6DOT50 vouchers to other members no transaction fees are applicable.

NO LEGAL RELATIONSHIP

You have no legal relationship with 6DOT50 other than being bound by these rules and, when entitled to do so, receiving any Benefits you may be entitled to.

LIMITATION OF LIABILITY

6DOT50’s total liability shall be limited to the value of the active 6DOT50 voucher held in your account less applicable fees. Under no circumstances, including as a result of its negligent acts or omissions or those of its staff, servicers, agents, contractors, partners or other persons for whom in law it may be liable, will 6DOT50 be liable for any loss, injury or damage of any nature which you may sustain as a result of engagement in the 6DOT50 Membership Programme. By agreeing to these Rules you indemnify 6DOT50 accordingly.

The programme and underlying technology and processors have been designed and implemented to ensure that you have uninterrupted access to the programme but 6DOT50 cannot guarantee the availability, accessibility, accuracy, or proper functioning of the Programme or those benefits offered by 6DOT50 Business Partners nor that it will function error-free.

It is possible that submissions may not be successfully processed or executed because of errors or failures, whether caused by you, 6DOT50 or other factors related to our business partners or other third-party providers. 6DOT50 is not responsible for any unauthorised human or technical intervention nor is liable or otherwise responsible for any transaction that is not properly processed, executed, saved or transmitted, regardless of the cause of the problem.

No warranty is made that 6DOT50’s or 6DOT50’s business partners’ software’s functionality or services will be uninterrupted or error-free.

In the event of any conflict between the applicable software and the rules relating to any benefit to which the software pertains, the rules governing such benefit shall prevail.

PERMISSION TO PROCESS AND DISCLOSE INFORMATION AND TO COMMUNICATE WITH YOU

Your privacy is very important to us and we will ensure that any information, including Personal Information, provided by, or collected from you, is stored in a secure manner. When you engage with us, you trust us with personal information about yourself.

The purpose of our Privacy Policy is to detail how we collect, use, share and otherwise process your Personal Information, in line with the Protection of Personal Information.

You have the right to object to the processing of your personal information. It is voluntary to accept these terms and conditions. However, we require your acceptance of our minimum membership requirements, being a mobile phone number and proof of identity in order to provide you with secure access to our services.

This means that if you do not accept, we cannot activate and service your membership.

We will keep your personal information confidential. You may have given us this information yourself or we may have collected it from other third parties such as service providers, partners or public sources. For details on our Privacy Policy visit www.6DOT50.com

DEFINITIONS AND INTERPRETATION

The following expressions have the following meanings:

Benefits Refers to the benefits available to members through the 6DOT50 Membership Programme.
Benefit rules Refers to the business practices that you agree to if you choose to use any benefit offered through the 6DOT50 Membership Programme.
Digital Voucher Refers to 6DOT50 vouchers represented by or linked to a stipulated fiat currency such as Digital Dollars where 1 Digital Dollar has a value of 1 US Dollar.
Member The person contracting with 6DOT50 and bound by these Rules. Member includes individuals and businesses.
Member activation date The date when a member has completed the minimum membership requirements.
Member Rules Refers to the rules that are set out in this document.
Programme Refers to the 6DOT50 Membership Programme.
6DOT50 Membership Programme Refers to the Membership Programme administered by 6DOT50 Limited.