Please carefully review these Terms and Conditions (“T&Cs”) before using any of the services provided by CFPS. These T&Cs constitute the legal agreement between you and CFPS.
By accessing or using CFPS products, including this website, application, and other services, you agree to be bound by these T&Cs and all terms incorporated by reference. If you do not agree to these T&Cs, do not use our platform, website, application, and/or services.
This Agreement is a contract between you (referred to as “Person” in paragraph 1 “Terms and Definitions” under this Agreement and also referred to as “You” or “User”) and СFP Technology FZCO, Kalimnou, 1 Q-MERITO, 6th floor, Flat/Office 601 6037, Larnaca, Cyprus (also referred to as “we”, “our”, “us” or “CFPS”). It applies to your use of this Site, Platform, our mobile applications, any associated application programming interface (API), and all services, products, websites, and content provided by CFPS (collectively referred to as “Services”).
СFP Technology FZCO which was formed in United Arab Emirates, and was recorded in Cyprus as an Oversea Company with registered number AE 3629.
The Service and Mastercard debit card are e-money services provided by Unlimint (www.unlimint.com). Your Account and Mastercard debit card are issued by Unlimint (Company number HE 328641) registered at 125 Griva Digeni, Limassol 3101, Cyprus. Unlimint may be contacted via its website www.unlimint.com. Unlimint is licensed and regulated by the Central bank of Cyprus as an Electronic Money Institution with licence number 22.214.171.124.
Additional terms and conditions may apply to certain CFPS services or products. Depending on your country of citizenship and/or residence, you may not be able to access all the features of the CFPS website or services. It is your responsibility to comply with the laws and regulations of your country of citizenship/residence and/or the country from which you access the application and services, as well as any other applicable laws and regulations.
CFPS services and any online materials provided or published through CFPS application and/or its website do not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.
The essential and integral parts of this agreement are as follows:
CFPS reserves the right to change or modify this agreement at any time in its discretion. CFPS will notify you of such changes by updating the terms on its website. All modifications or changes to this agreement become effective upon publication on the website or release to users. By continuing to use CFPS’s services, you accept the modified agreement. If you do not agree to any changes, you must stop using CFPS’s services immediately. We recommend that you review this agreement frequently to ensure your understanding of the current terms and conditions that apply to CFPS’s services.
By using our services, you acknowledge the risks involved and accept this agreement. You will not hold CFPS liable for any financial losses associated with our services, and you are not eligible for any known compensation schemes, such as the financial ombudsman service or the financial services compensation scheme, which do not apply to crypto asset activities carried out by CFPS.
This agreement contains various terms and definitions, as follows:
To use the Services, you must agree to the following representations and warranties:
Additionally, you may not access or use the Services if you are a citizen or resident, or located, incorporated or otherwise have connections to or intend to make Transactions in countries that are subject to the Law on the Prevention of Money Laundering and Terrorist Financing, Law on the Implementation of Economic and other International Sanctions, United Nations International Convention for the Suppression of the Financing of Terrorism, those considered as high-risk countries by the FATF, countries that are subjects to sanctions, embargoes or similar measures (e.g. the EU and the UN sanctions, HMT, OFAC), countries that provide funding or support of terrorist activities or countries that have designated terrorist organizations operating within their territory, countries listed by the OFSI and various international sanction regimes (hereinafter referred to as “Forbidden Jurisdictions”).
If CFPS determines that you or your Transactions are related to Forbidden Jurisdictions or that you have made false statements about your citizenship or residence, CFPS reserves the right to immediately suspend your Account, freeze or lock the Funds in your Account, suspend access to your Account without returning all paid Fees, with a right to charge your Account for all outstanding Fees payable to CFPS, and report to competent authorities.
Furthermore, you may not access or use the Services if you do not meet any User due diligence/compliance standards, requests, or requirements of CFPS compliance staff. Submitting misleading/untruthful/fraudulent information or false documents (including fraudulent identification documents) is prohibited. If CFPS doubts that the data is correct, up-to-date, or complete, CFPS is entitled to refuse your access to the Services (all or part) and/or suspend with the right to permanently terminate your Account.
Furthermore, as a user of CFPS’s Services, you agree to provide accurate and complete information about yourself and any relevant transactions, and to promptly update any such information to ensure its accuracy and completeness.
You also acknowledge and agree that CFPS reserves the right to monitor and review your account and transactions for compliance with this Agreement, applicable laws and regulations, and CFPS’s policies and procedures.
If CFPS determines that you have violated any provision of this Agreement, applicable laws and regulations, or CFPS’s policies and procedures, CFPS may take any action it deems necessary, including without limitation, suspending or terminating your account, freezing or locking the funds in your account, and reporting you to the appropriate authorities.
You further agree that CFPS shall have no liability or responsibility to you or any third party for any action taken in connection with such monitoring, review, or enforcement actions.
By using CFPS’s Services, you agree to comply with all applicable laws and regulations, including but not limited to those related to anti-money laundering, counter-terrorism financing, and economic sanctions.
CFPS may also request additional information or documentation from you in order to comply with these laws and regulations, and you agree to provide such information and documentation promptly upon request.
Failure to comply with these laws and regulations may result in CFPS taking any action it deems necessary, including without limitation, suspending or terminating your account, freezing or locking the funds in your account, and reporting you to the appropriate authorities.
Before we can open an Account for you and issue you with a card, we will require evidence of your identity and residential address. You may need to provide us with documents such as passport, driving licence, national identity documents, utility bills, bank statements or other documents to confirm this. We are also required by law to carry out checks on you electronically.
Agreement on provision of the service is concluded on the grounds of your application to us, and subject to our approval. You shall be subject to our effective procedures for the establishment of business relations and Account opening and enter into agreement with us under these terms.
By ticking the box to apply for the Service, you are agreeing to these Terms & Conditions, and hereby certify that:
We decide on Account opening within a timeframe determined at our absolute discretion and only upon receipt of duly completed application.
As soon as you receive your card you must sign the signature strip on the back. You will then need to activate your card. You can do this:
You also need to obtain your PIN to authorise chip-and-pin transactions and ATM withdrawals. We will generate a random PIN and send it to you via SMS. Any Virtual Cards that are issued are pre-activated.
You shall ensure the Account is sufficiently funded for the execution of a payment order. You shall ensure sufficient funds for payment of relevant fees and charges as stated in the applicable F&C and pursuant to these terms.
You shall ensure the amount of the payment in the correct payment currency. If necessary, you shall exchange the funds in another currency to the payment currency. In case of currency exchange, CFPS’s exchange rate applicable at the time of conversion shall apply. If you have submitted more than one payment order of a total amount exceeding your Account balance, we shall determine the sequence of execution of such payment orders at our discretion. You can check the status of payment orders (including any rejections) via the Client Interface.
3.1. Adding Funds
You may pay into your Account via the Client Interface, by transfer from a bank Account and any other method notified in your online Account portal and these terms from time to time. The time taken to credit funds to your Account will depend on the method of deposit used. You cannot pay into your Account by a balance transfer from a credit card. You may only pay in funds up to your maximum Account balance determined by the Client and approved by us.
Certain minimum and maximum limits and usage requirements may apply to your Account and card; such limits and requirements are detailed in the F&C. We reserve the right to refuse to accept any payment if we suspect any fraudulent activity or in the event of other exceptional circumstances.
As soon as we receive the funds paid in, they will be on your Account and ready to use. There may be occasions where transfers can get delayed up to three working days, this may happen when we need to confirm the payment with the bank originating the transaction.
In case an overpayment has been made to your Account in error, we reserve the right to debit the Account with the excess amount to correct the payment transaction.
3.2. Making a Transaction
To make a payment, you should submit a payment order, which will be transmitted to us in the manner and form and according to the effective procedure.
Payment order instructions transmitted to us in any of the following ways shall be deemed notification by you of authorisation for execution:
You can make the following transactions from your Account:
An Account transaction is authorised by you when you access your online Account using your personal security details and submit a transaction request. You must ensure that you input the correct bank Account details for any payment you request from your Account.
You can use your card to authorise the following transactions to merchants that accept Visa or Mastercard or UnionPay debit card payments:
Like other payment cards, we cannot guarantee a third party or ATM will accept your card.
You may, in addition, be required to enter a one-time passcode or other security information to authorise a transaction or make Account amendments. One-time passcodes will be sent to the mobile phone number registered to your Account.
As soon as a transaction is authorised, we will deduct the value of your transaction from the available balance on your Account. Fees may be deducted at the time of authorisation or when the transaction has been confirmed through the Visa or Mastercard or UnionPay system. A full breakdown of each transaction, including charges, will be available to view on your client Interface
Once we have received authorisation for a transaction we will transfer funds to the retailer within 3 days, or to a bank or financial institution on the day we receive the authorisation or the day you requested the payment to be made for future dated transactions. A transaction will be received as follows:
Some merchants may offer you cash back on payments you make to them. Any cash back offered is subject to specific terms imposed by the merchant.
3.3. Information required to make a payment
Where you are the Payer (originator), you are obliged to provide us with certain information to execute transactions. This includes:
You shall also provide additional information as may be stipulated in any Additional Terms.
Where you are the Payee (beneficiary), you shall inform the Payer of the following information:
We will make a payment based on the information provided. If information provided by, or in relation to you is incorrect/incomplete, we are entitled to refuse or delay execution, bear no liability in connection with non-execution, wrong or delayed execution of a payment. At your request, we shall make reasonable efforts to trace and recover funds and we are entitled to charge you for this.
Payments shall only be executed in currencies available to you from time to time, subject to CFPS’s internal limits and restrictions set forth at our sole discretion.
We shall be entitled without liability to refuse to act if, in our opinion there are potential inadequacies in your instructions, including any doubts as to content, validity or authenticity of any instructions received.
We may refuse to execute your notices/instructions if:
3.4. Information following a Payment
Following debiting from/crediting to the amount of a payment from your Account, CFPS makes available to you:
The information above shall be available to you in the form of statements via the Client Interface each month free of charge, in a way that allows for the storage and reproduction of the information.
The above information is provided to you in the form of statements through a request in the Client Interface of the application.
3.5. Cancelling a Transaction
Generally, authorisation for a transaction may not be withdrawn.
If you apply for cancellation of an executed payment order:
In case of payment cancellation, we shall not return fees and charges related to the payment execution. Customers shall settle relevant fees, charges and expenses related to operations hereunder.
Upon receipt of a successful application, which meets our effective requirements, we shall investigate funds transferred by, or addressed to you and not received by us and apply relevant fees and charges and expenses.
Where a specific date is agreed, you may not revoke a payment order after the end of the business day preceding the agreed date.
To withdraw your authorisation of a Mastercard debit card continuous payment authority, you must notify the retailer before the close of business on the business day before the day on which the transaction was due to take place and provide us with a copy of the notice if requested.
We may charge you an administration fee if a transaction is revoked by you under this paragraph (see the F&C Schedule for further information).
3.6. Foreign Currency Payment
Payment orders shall be submitted in currencies available to you. Information on CFPS’s exchange rates for currency conversions may be obtained by contacting Support.
Reference exchange rates applied during execution of payment transactions (where applicable) shall be valid immediately and without notice. You may be informed of these in the lists of F&C, alongside relevant transaction fees.
Your card is denominated in Euros. If you make a purchase or an ATM withdrawal in any other currency, we will convert the sum into euros using the exchange rate set by CFPS on the day they process the transaction, this may differ from the actual date of the transaction.
3.7. Card Restrictions
You may not use your card for illegal purposes. It cannot be used for a limited number of specified transactions. Please see our website.
3.8. Checking the Account
You can check your Account by accessing it securely through the CFPS application, your statement should show:
This information should be accessible via application, is available free of charge, and can be stored and reproduced as necessary. To access the account may be required:
3.9. Card Validity/Expiration
Your card will be valid for 2 years. You will not be able to use your card after its expiry date. This agreement shall terminate when your card is cancelled or expires and is not replaced.
3.10. Account Limits
You can only spend the money that is paid into your Account. Limits also apply to daily ATM withdrawals, and other limits may be applied to the amount of spend and the number of transactions you can perform. See the Fees and Limits Schedule for further details.
We are entitled to set internal security limits for transactions/access which may include non-exhaustively:
For AML/CTF and anti-fraud purposes we reserve the right to apply and change limits and restrictions without any notice.
We may also request at any point from You/Authorised Person to produce documents and information in relation to identity and relevant transaction(s) as well as request information on/from any counterparty or payment service provider. This may also be done for fraud and risk prevention purposes.
We may change security or other limits and restrictions unilaterally at our discretion and without notice and may also change or set limits/restrictions on the grounds of your application details.
If, for any reason, the transaction is completed when there are insufficient funds in your Account then you will have to reimburse the shortfall to us, unless it is due to an error by the retailer with whom you made the transaction.
We may collect this shortfall from any card you have with us or from any funds which you subsequently pay into your Account. We may suspend your cards until the negative balance is restored and charge you an Administration Fee (see F&C) for transactions that you make using your card that results in a negative balance or increases the negative balance on your Account.
3.11. Account Limits
You are responsible for monitoring transactions on the Account frequently. Do not share your Account or Card details with anyone. If you disclose your details to anyone, you are responsible and liable for any resulting access, use or misuse of the Account or Card.
You are entitled to request rectification of a payment if, as soon as you become aware of a payment which is unauthorised, incorrect, or erroneous, you notify us immediately without delay and in any event not later than 7 (seven) calendar days after the date on which the relevant transaction is recorded on the Account.
Failure to notify us within this period serves as evidence that you have accepted the transaction and Unlimint shall consider that you have no objections.
CFPS are not responsible for any unauthorised or erroneous transaction, if you have not undertaken to inform us without delay, in accordance with these terms, and at the latest within 7 (seven) days from an unauthorised or wrongly executed transaction becoming known to you.
Your consumer rights to refund and rectification are void in the absence of the relevant notification 13 (thirteen) months after the recording of the transaction on the Account. You shall bear the burden of proof to evidence that a transaction has been unauthorised or incorrectly executed.
If you dispute a transaction that has been processed on your card you should contact the merchant first as this may lead to the quickest resolution.
You may be entitled to claim a refund in relation to transactions where:
3.12. Account Limits
You must keep your card and security credentials safe and not let anyone else know or use them. You must keep your security information secret at all times; never disclose your PIN or security information to anyone and do not store details of your PIN with your card. Security information includes your login and password details used to access your Account or any other website where your card or Account details are stored. We also recommend that you check the balance on your Account regularly on the mobile app, or by contacting Client Customer services.
3.13. Card Safety and Security
You must keep your card and security credentials safe and not let anyone else know or use them. You must keep your security information secret at all times; never disclose your PIN or security information to anyone and do not store details of your PIN with your card. Security information includes your login and password details used to access your Account. We also recommend that you check the balance on your Account regularly on the mobile app, or by contacting CFPS Customer services.
3.14. Lost or Stolen Cards/Account Compromise
If you lose your card or it is stolen, or you suspect that someone else has found out your PIN or security information or accessed your
Account without your permission, in the first instance you must contact the CFPS without undue delay.
You shall immediately use the relevant SMS command to block the card. If this is not possible, you should immediately notify the Client and instruct them to block the card, providing the Card number and Customer name. If you are unable to undertake the above, you should contact us, and contact the relevant Card Association.
You shall provide the CFPS with all information available regarding the loss/theft/Account compromise and declare the theft/loss/Account compromise to the police.
Your card will be cancelled immediately, and your Account may be blocked. If, after reporting a lost card, you subsequently find the card you must immediately notify the CFPS. We may, at our sole discretion, unblock the card, but we shall not be obliged to. Otherwise, we shall cancel the card. We will issue a new card to you, subject to relevant fees and charges.
If you ask us to do so and provided that you provide information and assistance that we request from you, we will investigate any disputed transaction or misuse of your card or Account.
If our investigations show that any disputed transaction was authorised by you, or you have acted fraudulently or with gross negligence (for example by failing to keep your card, security information or PIN secure or by failing to notify us without delay on becoming aware of the loss, theft, misappropriation or unauthorised use of the card or Account), then we will not refund the transaction amount and you will be fully liable for all losses incurred because of the unauthorised use of the card or Account.
If the investigations show that you have not acted fraudulently or with gross negligence, your maximum loss or liability to us for any unauthorised transaction will be limited to 50 euro and we will process a refund as soon as practicable, and in any event no later than the end of the business day following the day after we receive your notification.
3.15. Blocking or Refusal of Transactions
We are entitled to postpone or reject execution of a payment order without being liable for any loss suffered by you if:
Where execution of the payment is postponed, such payment shall be valid for execution during 10 (ten) Business Days from the day of submitting the same and/or any period determined by us.
If you fail to provide all required details in a payment order or clearly state the nature of a payment, we are entitled to postpone execution until the receipt of additional information and/or documents requested (but not longer than for the above stated period of 10 (ten) Business days).
We are also entitled to suspend/deny execution of a payment on instances where other provisions stipulated in these terms and/or Additional Terms are not complied with, or where laws, regulations, requirements applicable to CFPS or Unlimint prohibit execution of the payment.
We shall inform you of the postponing/denial of a payment and provide reasons where possible, subject to applicable requirements, laws, regulations, or any obligations.
In addition to our rights under these or any Additional Terms, we may refuse at any time to execute any order/transaction/instruction and shall not be liable for any loss suffered by Customer in the following cases:
CFPS shall inform you of non-execution, and of the reasons for refusal where possible and if not contrary to applicable requirements, laws, regulations, or any obligations.
3.16. Cancelling Account and Card
You have a legal right to cancel your Account and card up to 14 days from the date your Account is opened without incurring any penalty charges and we will refund any card issue fees. We may charge you a Card Cancellation Fee if we have already incurred costs by ordering a card in your name. You can also cancel your card any time after the 14-day period subject to a Redemption Fee (see F&C) by contacting Client Customer services. If you do not receive a response from Client Customer services, please contact us. You should also cut your cancelled card in half through the signature box, magnetic strip, and chip.
All fees and charges will be apportioned up until the time of the termination of the contract, and any fees and charges paid in advance will be reimbursed proportionally. You will not be entitled to a refund of money you have already spent on transactions authorised or pending or any fees for use of the card or Account before the card or Account is cancelled or expires.
CFPS may cancel your Account and this agreement by giving you at least two months’ notice. Reasons for cancellation may include:
We may also cancel your Account immediately and without notice if we: ● suspect unauthorised or fraudulent use of your card or Account.
We may also deny access to your card and/ or Account where we consider it to be at risk of money laundering or terrorism financing, fraud, or other criminal activity. Should we need to take these actions and where possible, we will give reasons for doing so except where restricted by law.
In these circumstances, you must tell us what you want us to do with any unused funds. You must do this within 3 months of the date we tell you that your Account is cancelled.
You can clear the balance on your Account through spending, ATM withdrawals, or transfers to other bank Accounts. See F&C for the fees that would apply.
3.18. Protection of Funds
The Account and associated card is an electronic money product and although we are supervised by the Bank of Cyprus, it is not covered by the Deposit Insurance System of the Republic of Cyprus. No other compensation scheme exists to cover losses claimed in connection with the Account and associated card. We will however ensure that any funds received by you are held in a segregated Account so that should we become insolvent your funds will be protected against claims made by our creditors.
If you are unhappy in any way with your card or Account or the way it is managed by the Client, you can contact Client Customer services.
3.20. Changing Details
You must contact support to change your personal information. Support information is available on the website and/or in the CFPS App.
3.21. Personal Data
CFPS provides data processing to Unlimint, which is the controller of your personal information that we will use to open, administer and maintain your account and provide payment services to you. You hereby consent to us accessing, processing and storing any information you provide to us for the purpose of providing payment services to you or otherwise fulfilling this agreement. For more information about how we will process your personal information, see our Data Protection Policy available on the website.
3.22. Service Interruptions/Maintenance
From time to time, your ability to use your card or Account may be interrupted, e.g., when we or our partners carry out system maintenance.
If this happens, you may be unable
The CFPS will advise you in advance of planned system maintenance.
In addition, like other payment cards, we cannot guarantee a merchant will accept your card, or that we will necessarily authorise any particular transaction. This may be because of a systems problem, something outside our reasonable control, to comply with legal and regulatory requirements, or because we have suspended, restricted, or cancelled your Account or refused to replace it in accordance with these Terms & Conditions.
3.23. Our Responsibilities
If we incorrectly deduct funds from your Account, we will refund them. If we subsequently establish that the refunded amount had in fact been correctly deducted, we may deduct it from your available balance and may charge you a fee. If you do not have sufficient available balance, you must repay us the amount immediately on demand.
If unauthorised transactions occur after you have notified us of the loss, theft, compromise or unauthorised use of your card or Account, and you have not acted fraudulently or in breach of these Terms and Conditions, then we will be liable.
We will not be liable:
For the SMS services we offer, we are not responsible for lost, late or undelivered text messages, notifications, or communications. We accept no responsibility for any technical, computer, online, telephone, cable, electronic, software, hardware, transmission, connection, internet, website, or other access issue which may hinder your ability to access the SMS services.
Nothing in these Terms and Conditions shall operate to exclude liability for death or personal injury due to negligence or for fraud or fraudulent misrepresentation or for any statutory liability that cannot be excluded or amended by agreement between the parties.
3.24. Miscellaneous Charges
CFPS may charge you for any reasonable costs that we incur in taking action to stop you using your card or Account and to recover any monies owed as a result of your activities if you:
In these circumstances we will not refund transactions and we reserve the right to charge you for any reasonable costs that we incur in taking action to stop you using your Account and to recover any monies owed as a result of your activities.
If you have not been fraudulent, or grossly negligent, and have used your card and Account in accordance with these Terms & Conditions, your maximum liability for any unauthorised transaction resulting from the use of a lost or stolen card or details before you notify us will be 50 euro. Effective from February 2023 We may also charge you an Administration Fee if we have to manually intervene to complete a payment or rectify an error on the Account caused by an error or omission on your part.
3.25. Assigning Rights or Obligations
You may not transfer or assign any rights or obligations you may have under these Terms & Conditions to any other person without our prior written consent. CFPS may assign the benefit and burden of these Terms & Conditions to any other person at any time on giving you two months prior notice of this. If we do this, your rights will not be affected.
We have the right to amend, revise or supplement at any time, and at our discretion these terms, List(s) of F&C, any Additional Terms, as well as any supplementary document, terms, procedures, and guidelines as referenced or otherwise communicated by us, including by way of publishing on CFPSt’s website.
Such amendments, Additional Terms or any other document shall take effect on the date set forth by us.
Any amendments which concern relevant payment services shall be notified to you two months prior to the date of their entry into force, unless you are a Corporate Customer, where any amendments may take force without prior notice.
Amendments, revisions, supplements which do not concern relevant payment services may take immediate effect without prior notice. We reserve the right to inform you at the earliest opportunity following such amendments. These shall take effect immediately or at any date set forth by us.
Relevant amendments may include:
which the provision of services may be impacted, limited or impossible.
Subject to relevant requirements and procedures, we will notify you of amendments by making available the updated versions on our website or transmitting notifications to you by email via the Client with a reference to the location of the updated version on the website. Such means shall be considered an effective way of communicating our proposed amendments to Customers.
You shall be regarded as having read, understood, and agreed to any amended or updated document on the day when the document (including any supplements) is published on our website. We bear no responsibility for any loss or expenses if you fail to familiarise yourself with the relevant updated document.
The agreement entered by you for the services and related matters pursuant to these terms is concluded for an indefinite term and shall continue to be in force until it is terminated by you or CFPS.
Closing of Accounts constitutes termination of business relations. All unsettled obligations in connection with Account and arising out of business relationship shall survive termination and shall be discharged and governed in accordance with these terms, List(s) of F&C, and any Additional Terms until settled to CFPS.
You are entitled to terminate the agreement at any time by submitting a written notice to us using relevant communication channels. After receipt of the notice of termination, we will close the Account within 30 (thirty) days, or any period stated in any Additional Terms. In case of termination of relevant Account, it shall be closed simultaneously with any payment instrument/Security and Authentication Credentials/means/accesses.
We are entitled to terminate the Agreement at our absolute discretion with two (2) months’ notice.
Upon notice of termination from either party:
We are entitled at our initiative to close any instrument/Security and Authentication Credentials/means/access/Account and to terminate business relationship and Agreement unilaterally in the following cases:
You shall pay fees and charges for our services, which shall be charged at the effective rates set forth in the Schedule of Fees and Charges (F&C).
The Schedule of F&C will be made available to you during Account opening (via application/website/online resources publication where applicable). The schedule will also be made available via the Client’s app.
At our sole discretion, we may set forth additional fees and charges for services that are not included in the List(s) of F&C or other fees and charges lists approved by us, but which were requested by you in a particular case. Such fees and charges are binding on you.
Should taxes, duties or similar payments be levied on the fees and charges, we are entitled to withhold such payments from you, with the fees and charges being increased accordingly.
CFPS is hereby authorised to debits Customer’s Account(s) with fees and charges at such intervals as we may determine at our sole discretion
If your payment is subject to any mandatory deductions or withholding whatsoever, you shall cover/pay to CFPS such additional amount, ensuring full settlement takes place.
These terms and conditions and all communications will be available and provided for in English.
These Terms & Conditions will be construed in accordance with laws of the Republic of Cyprus and subject to the exclusive jurisdiction of the courts of the Republic of Cyprus.