Limsnet Exchange terms of service
THIS AGREEMENT SETS FORTH THE TERMS AND CONDITIONS
UNDER WHICH LIMSNET EXCHANGE WILL PROVIDE ITS
SERVICES. THIS AGREEMENT DESCRIBES USER'S RIGHTS AND
OBLIGATIONS WHEN USING THESE SERVICES. USER MUST
READ THE AGREEMENT CAREFULLY AND BE SURE USER
UNDERSTANDS THESE TERMS AND CONDITIONS.
CREATION OR USE OF LIMSNET EXCHANGE WEBSITE MEANS USER
UNCONDITIONALLY ACCEPTS ALL THE TERMS AND CONDITIONS
OF THIS AGREEMENT.
THE PARTIES TO THIS AGREEMENT ARE THE ISSUER AND THE
DEFINITION OF TERMS
User: means the person (individual or legal entity)
that creates account with limsnetexchange.com. User is
the owner of the account from the perspective of
-Issuer: means Limsnet Exchange, a subsidiary of
Limsnet Global Ventures, duly registered
Company with Nigeria Corporate Affairs Commission
that operates an electronic payment service which
allows Customer to us its platform for funding and
receive electronic payments (the "Service")."
-Account: means the electronic account created by
the user on Limsnet Exchange website to carry out
electronic payment service.
-Service: means an electronic payment service.
-Website: means the Internet website property of
Limsnet Exchange available at www.limsnetexchange.com
-National Money or Currency: means any money or
currency different to the dollar, currency of the
United Sates of America or Euros currency of the
CONDITIONS OF USE
"The condition of use", stated below explains the
rights and duties of the User as to the access and
using the services rendered by limsnetexchange.com
Payment center, and/or his assignees and/or his
representatives and/or Payment center partners".
1. Products and services.
- limsnetexchange.com renders the services of
funding of electronic payment systems units, both
between each other and into the international
monetary funds (international currencies) and visa
- limsnetexchange.com does not check the competence
and legal standing of the the User , the monetary
funds that are offered by the User for funding, and
does not carry our monitoring of the User operations
in any of the electronic payment systems or banking
structure (a bank, a credit or investment
- Electronic payment systems and/or Banks are
exclusively responsible for the monetary funds
entrusted to them by the Users. limsnetexchange.com is
not a party to the agreement between an Electronic
payment systems and its User is by no means
responsible for misuse or abuse of the corresponding
system and/or a Bank as well as for functionality
abuse of this system by the User. Mutual rights and
duties of the User and the electronic payment system
and/or a bank are regulated by the rules and
agreements accepted in the corresponding system
and/or a Bank.
- The services offered by limsnetexchange.com are not
intended for use and/or are not available in the
countries where it is illegal. The User is fully
responsible for the local law observance.
- limsnetexchange.com has a right to refuse rendering
the service without mentioning the reason to any
person which he/she will be informed of in the
- limsnetexchange.com has a right to terminate the
relations with the User in case of getting the
information inducing limsnetexchange.com to do so.
- limsnetexchange.com has a right to suspend service
rendering to the User if...
a) The User violates any of the conditions of the
present Agreement or any "Additional agreements ".
b) The user is involved in identity theft or has
used another persons Atm card,electronic payment
system information without their consent.
c) The User is
found to be involved in a fraudulent activities in
relation to the use of the services rendered by
2. Transactions and operations
- limsnetexchange is responsible for providing the
transaction fulfillment and/or the following
operations, access to the information about the
transaction in the system limsnetexchange.com and
carrying out the transactions or any of its parts by
the User 24 hours a day (7 days of the week).
- The payment for the services rendered by
limsnetexchange.com, is carried out by the User
according to the limsnetexchange.com services rates.
limsnetexchange.com has a right to change these rates
without additional notification.
- Apart from the established and/or agreed interest,
payments and commissions the User pays all the
telephone and postal expenses, done in the course of
business relations with limsnetexchange.com. These
additional expenses are written off by
limsnetexchange.com in non-acceptance manner from the
monetary funds of the User which are in the disposal
- User is responsible for the functionality and
usability of his computer and/or some other
facilities necessary for the access to the
transaction settlement system via limsnetexchange.com
interface. limsnetexchange.com is not responsible for
the losses or damage appearing as a result of
inability of the User to use his own facilities
and/or some of its elements and/or the absence of
the necessary full or partial functionality of the
facilities or its elements.
- Any claim on the part of the User of improper
fulfillment of User instructions by
limsnetexchange.com must be raised by the User of
limsnetexchange.com not later than within ten days
after the date limsnetexchange.com was given the
- limsnetexchange.com is not responsible for any loss
and/or damage (loss), resulting from a delay in bank
payments fulfillment or electronic money transfer of
the User where the day of sending or the days after
sending are not working days in the country of the
limsnetexchange.com partner-participant, that is the
- limsnetexchange.com is not responsible for mistakes,
omissions or delays of payments made by banks,
serving limsnetexchange.com partners-participants, by
a correspondent bank or e-payment system as well as
it is not responsible for the consequences caused by
their financial state.
- limsnetexhange.com has a right to suspend or limit
the access of the User to transaction system without
prior notification of the User, at the same time
limsnetexchange.com is not responsible for any
indirect, special, unpredictable or consequent loss
- limsnetexchange.com reserves a right to make any
amendments and changes to the rules of product
(services) usage , as well as service and access to
services , including the present Agreement and any
"Additional Agreements ", at any time.
4.Guarding, access and connection
- Any reference of the User to limsnetexchange.com, be
it electronic, written or oral, will come into force
and will be valid only after its full reception by
limsnetexchange.com and correct identification of the
User as the owner of the monetary funds, at the same
time the User as the Owner of monetary funds will be
responsible for all operations on his account up to
- Written messages of limsnetexchange.com to the User
are considered completed since the moment they were
sent to the last address of the User known to
Neither User nor limsnetexchange.com will be
responsible for the delays or default on an
obligation under the present Agreement or any
"Additional agreements ", contracts and/or
arrangements resulting from force-majeure, including
(unrestricted) acts of God, acts of government or
state, wars, fire, flood, explosion, terrorism, riot
or civil strife, or absence, malfunctioning of power
supply, internet providers or network connections or
other systems, networks or services.