Home » Virtual currency rules

Virtual currency rules

Virtual currency rules

Virtual currency rules - CashbackMalta  Wallet Provider

RULES OF VIRTUAL CURRENCY "Beep!" Beep !, the virtual currency is a medium of exchange accepted in payment, and it works as currency, in the circuit formed by affiliated businesses. Beep !, the virtual currency is not legal tender in any jurisdiction and thus acceptance as payment is voluntary; Beep !, the virtual currency is not regulated by government central agencies, but it is issued and controlled by the Company emitter, according to its own rules, in which members of the community agree to adhere. For these reasons, the virtual currency Beep !, does not fall in the currency category, but falls into the category of money, if accepted as a means of payment for goods and services in the real economy. At a time when a virtual currency is accepted by a business in payment of a fine, it becomes all the cash effects. One last clarification is a must not to confuse the concept of virtual currency with that of electronic money: the latter was founded as a digital representation of the currency which can then be circulated through the physical exchange of coins and banknotes, either through electronic transfers such bank transfers, cash payments, NFC (so-called electronic payment services). These payment services can also be applied to virtual coins (e-wallet).

VALUE OF VIRTUAL Beep! INSIDE THE CIRCUIT CASHBACK

VALUE equal EURO: 1 "Beep!" = 1 Euro;

VALUE OF EXCHANGE TO BE "Beep!" AD € URO OFF THE CIRCUIT CASHBACK: 1 "Beep!" EURO = € 0.50;

All goods and services purchased within the circuit, formed by merchants, from right to parity exchange, in other words 1 "Beep!" = 1 €uro;

The discounts offered by shops are credited exclusively on the electronic wallet of the customer in possession of the NFC card. It is not allowed to apply part of cash discounts;

Not part of the parity exchange (1 "Beep!" = 1 € uro) the following businesses:

  • Fuel distributors;
  • Tobacco;
  • Telephony;
  • Lotteries in general;
  • Payment Postal Bulletins;
  • Transport tickets;
  • Parking zones;
  • Betting;
  • Phone cards.

 The payment of such goods and services is paid with the exchange value (1 "Beep!" = Euro 0.70 Euro).

And 'it allowed the change from "Beep!" In € uro in one of any affiliated businesses as follows: (1 "Beep!" = € 0.50 Euro).

Member stores and customers / users in possession of the NFC Card, when they accept to be part of the CashBack circuit, are subject to compliance with the above rules.

In the event that certain businesses or customers do not respect the rules for using the cashback circuit, the same will be immediately expelled from the circuit resulting in repair of any damage caused to it.