Privacy Policy

1. Legal provision on aspects of functioning of Electronic Payment System Perfect Money

1.1 Present provision regulates the activity of Perfect Money Finance Corp. Company (hereinafter referred to as “Company”) in frames of existing international law.

1.2 Provision aims to determine the main aspects of Company activity and legal aspect used as the basis for activity of Perfect Money Payment System which acts in the market under “Perfect Money” trade mark.

2. License for Activity and Place of Registration of Company

2.1 PerfectMoney Inc Company possesses financial license of A-class for performance of operations with finances of third parties and precious metals.

2.2 Place of registration of PerfectMoney Inc is Republic of Panama.

3. Company Activity

3.1 Company provides its Customers with opportunity to use in electronic sphere some virtual money tokens equal to real money deposited by Company Customer into his account in Perfect Money (hereinafter referred to as “System”).

3.2 Company reserves a right to change cross-rate of real currency and its equivalent within System without notifying of customer. But on default it is necessary to correlate real currency and its e-equivalent in ratio 1:1. Initial correlation at depositing money into account rounds cross-rate down regarding volume of electronic equivalent in view of charging commission fees at depositing of funds.

3.3 Company deals with such transaction formats as: B2B, B2C, C2B, P2P.

3.4 Company functioning in the market under trademark Perfect Money provides its customers with opportunities to deposit/withdraw money, transfer money from one account into another in formats specified in item 2.3., convert one electronic currency to another at the internal rates of System.

3.5 There is an opportunity to convert money into electronic equivalents of precious metals within System. Such operation implies the registration of definite quantity of precious metal to the name of the user. Bank serving Company will proportionally evaluate all funds deposited into the System in precious metal.

3.6 Company provides an opportunity to enter money into System account by converting them at depositing stage into electronic equivalent of precious metal at internal rate at System internal rate.

3.7. Depositing and withdrawal of money can be performed by means of international money transfer Systems and via bank transfer.

3.8 System provides an opportunity for the persons involved in electronic commerce to receive payments for goods and services in Perfect Money currency (hereinafter referred to as “PM”), by installing System Merchants on their electronic trade sites.

3.9 At conduction of on-site transactions on site the whole activity of Company is based on accordance with home laws of the country where the commercial organization operates.

4. Safety of the user, confidentiality of his personal data and performed transactions

4.1 Use of the System begins from filling of registration fields where user should specify his personal data. For reducing of time loss at use of the System customer is strongly recommended to enter real data of user.

4.2 Personal data entered by the user are necessary for his identification in System, increasing of security level of System use and allow connecting with him for rendering services or conduction of transactions.

4.3 With the purposes listed in item 4.2 System asks Internet user who has expressed his willingness to register in Perfect Money, to enter the following data: Name, resident city, address, country, state (if present), ZIP code, e-mail address, and telephone/fax.

4.4 Personal data of the user are available only for a loop of Company personnel and are not provided for the third parties.

4.5 Personal data of the user can be provided for the third parties – national security agencies only at court decision.

4.6 Blocking of System customer’s account on the initiative of third parties is possible only at court decision.

4.7 Use of some security tools in System implies indication of a number of personal data (telephone in SMS-authentication service). As a result the customer has a right to determine security level for himself individually by regulating the scope of personal data provided for System.

5. Legality of Transactions performed in System

5.1 All financial transactions performed in System are done in accordance with financial license of A-class and do not breach international laws in the fields of financial activity, electronic commerce or digital signature.

5.2 All transactions in the System are checked for non-participation in terrorist activity of residents of any country, the IP of which was registered in the System.

6. Transactions

6.1 Company does not conduct investment business with the funds received into the System from the customers. Such policy is conducted to increase level of security and safety of money of Perfect Money customers.

7. Legitimateness of Provision

7.1 Legitimateness of present Provision is determined by norms of international law.

7.2 The present provision can be changed, supplemented or shortened as a result of international law change in fields of bank services, financial transactions, electronic commerce or digital signature.