Terms and conditions

Introduction

By accessing and using our website www.it2profit.com or any affiliated websites of IT To Profit, registered and incorporated in Belgium  or any associated entity (referred to as “we”, “us”,  “the website”, “www.it2profit.com”, “IT2Profit” or “the company”), you agree to be bound by and abide by the following terms and conditions. Your access to and use of the website is also subject to our Privacy Policy.

These terms and conditions (“T&C”) apply to all transactions carried out on this website and any other affiliated websites. Do not use the website or any services if you do not agree with any of these Terms and Conditions.

Prior to registering with us, you should review the terms and conditions as they may be updated from time to time. Continued use of this website and services means that you agree to our new and existing T&C.

This policy is applicable to all the present as well as prospective Users who use or wish to use our Services through proper registration. It lays down the procedure that IT2Profit follows to collect information and maintain a record of all Users. It is the duty of the User to comply with all Policies in order to ensure that it does not abuse the relationship with IT2Profit for any illegal purposes, including money laundering or other financial crimes. Any action, including those that might not have been foreseen and included in this policy, that has the effect of the abuse as contemplated above shall be restricted under this policy.

IT2Profit reserves the right to decline its services, at its discretion, with present as well as prospective Users at all times. It is the discretion of IT2Profit to suspend or terminate any action in favor of the User until a reasonable and satisfactory explanation with supporting documents is provided, on suspicion of the User abusing the relationship as contemplated above.

 

• Disclaimer

When purchasing any service through the website or an Authorised Representative the Buyer agrees that (a) he or she is over 18 years of age, have your parent or guardian’s consent to these Terms, (b) have the power to enter a binding contract with us and are not barred from doing so under any applicable laws, applicable upon you or IT2Profit.

You must check your local jurisdiction laws as might be applicable before buying any services and only enter into such transaction if you are allowed to do so! IT2Profit assumes that it is legal for you to enter into a transaction and you have reviewed the Terms and Conditions and agree to all applicable terms.

Any information or content that is/was posted, published and/or provided via any channel of communication (including but not limited to: on the Website, in the Panel, via the Support Service, via Email newsletter, in social media) is subject to change without notice.

The User must not buy, sell, exchange, hold, own or otherwise use or exploit assets in any way which is prohibited by the laws or regulations which apply to the User.

 

• Definitions

“IT2Profit’s computer systems” are the software and hardware operated and maintained by IT2Profit to provide the Services.

“KYC” or “Know Your Client/Customer” rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate.

“Support” or “Customer Support” is the technical support service of IT2Profit that is available where Users can find answers to general questions and request assistance by submitting a request; Customer support is also reachable at the following email address support@it2profit.com

“Transaction” is an agreement between the Buyer and IT2Profit to purchase a service at an agreed rate.

“Price” means the price for which the Buyer agrees to purchase the service.

“Transaction Price” is the total price comprising the Price payable to IT2Profit for a service.

Scope of Business Excluded

• Payout services – IT2Profit does NOT provide payout services.
• Transfer services – IT2Profit does NOT provide money transfer services for remittance purposes.
• Wallet App services – IT2Profit does NOT provide Wallet App services to payers or payees and/or services of a similar nature.
• Payment System services – IT2Profit does NOT provide payment system accounts to payers or payees and/or services of a similar nature.
• Escrow services – IT2Profit does NOT provide escrow services.
• IT2Profit shall not be responsible for any overpayment or loss of money through human error at user end.
• IT2Profit shall not be responsible for any restriction by the bank.
• IT2Profit shall not be responsible for any law that does not allow making purchases with us as per your local jurisdiction.

 

• Eligibility to enter into a Contract –

That all agreements entered into shall be in accordance the requirements of entering into a Contract in the respective Contracting States which generally state that all agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not expressly declared to be void. Nothing herein contained shall affect any law in force applicable to either Parties, by which any contract is required to be made in writing or in the presence of witnesses, or any law relating to the registration of documents.

 

• Personal Account

In order to purchase a service, the user will obtain or create a personal account with IT2Profit providing –

• his or her name,
• address,
• KYC information,
• email address,
• phone number,
• mail address,
• userID and
• any other information that may be requested from time to time

 

• Information We Collect –

IT2Profit collects the following basic information from its customers for its records:

1. First Name
2. Last Name
3. Residential Address
4. Copy of ID or passport
5. Proof of residence
6. Contact Number
7. Email Address
8. Picture of Permanent Account Number (PAN) Card as relevant
9. Bank Details
10. Company registration documents
11. Other documents as may be requested from time to time

By using our services you will need to identify yourself and IT2Profit shall ask you to confirm your identity or other personal details before we commence any services.

 

• Changes to KYC and AML Policy

IT2Profit appoints as it deems relevant a competent employee or contractor as an AML and KYC Policy Compliance Person who reviews and updates the KYC and AML Policy to ensure compliance with all relevant and applicable legislation, regulations and recommendations and monitor compliance of KYC and AML Policy. IT2Profit employees could be trained to identify and take action on suspicious transactions and make regular internal reports on such suspicious transactions, if any. IT2Profit regularly inspects the transactions done through its systems and would report them to relevant supervisory and/or law enforcement authorities. IT2Profit reserves the right to determine suspicious and unusual transactions that result into abuse of the relationship with IT2Profit.

IT2Profit reserves the right to change, amend, alter or delete some or all parts of this KYC and AML Policy, include new procedure and exclude existing procedures in this KYC and AML Policy. It is the duty of the User to keep updated and comply at all times with the KYC and AML Policy as and when updated.

 

• User Obligations

The User warrants that he or she will only use the website in accordance with the purpose of the offered service and solely based on the T&Cs. The User further agrees that he or she has the authority and means to enter a transaction. Furthermore, the User warrants that he or she is the legitimate owner of the monetary sums he or she intends to spend and that he or she does not infringe the rights of any third party or applicable law.

In addition, the User agrees not to use the website or the services, either directly or indirectly for any kind of illegal activity such as money laundering, terrorism financing or negatively affecting the performance. The User is prohibited to use or copy any of the information or contents of this or any other affiliated websites and use such information for any purpose whatsoever. The User is prohibited to send spam or distribute any other material through the website. The User is prohibited from distributing any illegal material through the website or use the website in any other way than as intended by IT2Profit.

The User must not collect any data from this website or its users without prior written permission by IT2Profit. The User must not use anonymous networks such as TOR and or any VPN clients to access our website.

Any misuse of our services based on these T&Cs will result in the seizure of the of the services and potential sanctions at the sole discretion of IT2Profit and or as stipulated in the contract or description of services and conditions.

 

• Security

Users are responsible for maintaining the confidentiality for and integrity of their information. The user must notify IT2Profit immediately if the user’s information has changed or if there is any other change, loss, fraud or suspicion about the user’s information. IT2Profit shall not be liable for any lost or abused or misused wallet information, hacked wallet accounts or any loss arising  as a result including by theft or fraud.

We closely observe any activities that might relate to money laundering or illegal activities. IT2Profit reserves the right to share users’ information with third parties to ensure intended operations of the website and its security.

IT2Profit is not liable for any damages incurred as a result of sending emails through the Internet. Emails should only be sent in encrypted format.

IT2Profit is attentive in maintaining the security of the site and its services. By registering with us, Users agree to provide IT2Profit with current, accurate, and complete information as prompted by the registration process, and to keep such information updated. Users further agree that they will not access or use any account type (and/or profile type) other than their own at any time, or assist others in obtaining unauthorized access.

IT2Profit is not responsible for losses suffered by users.

Any information related to Buy and Sell, or any advice should not be interpreted as such.

 

• Intellectual Property and Linking

IT2Profit owns all intellectual property rights on this and all its affiliated websites. IT2Profit has not reviewed all of the sites linked to the website and is not responsible for the contents of any such linked site. The inclusion of any third party links does not imply endorsement by our company of the site. Use of any such linked web site is at the user’s own risk.

 

• Due Diligence

IT2Profit applies our due diligence standards on every transaction we perform. The beneficial owners (Know-Your-Customer rules, KYC) are identified accordingly.

The User authorizes IT2Profit, directly or through third parties, to make any inquiries the IT2Profit considers necessary to verify the User’s identity and/or other information.

 

• Liability

IT2Profit does not offer any legal, financial, insurance, tax, investment or associated advice. All transactions made are the sole responsibility of the User considering his or her personal circumstances. We do not recommend anything available on the website.

IT2Profit is not responsible for any loss suffered by the user. Information such as spot prices, buy and sell prices, and the rate of production, whether on the website or at other, non affiliated platforms are for information only and is not investment advice in any form and should not be construed as such.

The service on our website is only offered informative to facilitate transaction relating to assets for use in international trade which is not regulated.

In no event shall IT2Profit or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the website or ur services, or any part of it, even if IT2Profit or an authorised representative or a Buyer has been notified orally or in writing of the possibility of such damage.

Since some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. In case the applicable law may not allow the limitation or exclusion of liability or incidental or consequential damages, our liability will be limited to the fullest extent permitted by applicable law.

Without limiting the previous paragraph and except as required by, we will not be liable (including in negligence) for any loss of profits, loss of revenue, or any direct, indirect or consequential loss or damage, incurred by or awarded against you or any other person arising directly or indirectly from your use of the website or purchase of a service; or any cost, loss, liability or expense arising from death, personal injury or damage to property resulting directly or indirectly from your use of our service including purchase of a service.

Furthermore, we cannot be held liable for any malfunction, breakdown, delay or interruption to the Internet connection, or if for any reason our website is unavailable at any time or for any period. We also cannot be held liable for any incorrect or altered information from third parties displayed on our website.

In the case of fraud, we will report all necessary information, including names, addresses and all other requested information, to the relevant authorities dealing with fraud and breaches of the law.

We give no other warranty in connection with the Website or the Service and we disclaim all liability for:

• the accuracy, currency or validity of information and material contained within and/or provided by the Website, the Panel, the Support Service, in email newsletters and social media or any other source of information;
• any changes in applicable law or regulation, or the acts of any legislator or regulator in any part of the world;
• any interruptions to or error of the Website or the Service or other communications network;
• the infringement by any other person of any copyright or other intellectual property rights of any third party through any User Content or use of the Website or the Service;
• the availability, quality, content or nature of External Sites;
• any amount or kind of loss or damage due to viruses or other malicious software that may infect a user’s computer equipment, software, data or other property caused by any other person accessing, using or downloading the Website, the Service or any User Content or wallets; and
• all representations, warranties, conditions and other terms and conditions which, but for this notice, would have effect.

We will not be liable in any amount for failure to perform any obligation under these terms of service if that failure is caused by the occurrence of an event beyond our reasonable control.

Except as provided above there are no other warranties, conditions or other terms and conditions, express or implied, statutory or otherwise, and all of those terms and conditions are hereby excluded to the maximum extent permitted by law.

To the maximum extent permitted by law, we exclude liability for any losses or damages which you may suffer, whether the same are suffered directly or indirectly or are immediate or consequential, which fall within any of the following categories:

• special damage even though that party was aware of the circumstances in which such special damage could arise;
• loss of anticipated savings;
• loss of business opportunity and management time;
• loss of goodwill;
• loss of assets arising as a result of any of your acts or omissions of those of any third party;

loss arising out of or in connection with:

• any defect or insecurity in any systems you use to store or transmit assets or to access or use the Website or the Service;
• any inaccurate or incomplete information you provide;
• any changes to the amount of assets awarded or earned or produced;
• any changes to the regulatory, legislative or technical environment applicable to assets;
• the acts or omissions of any bank or provider of banking services; or
• any change in the value of assets.

To the maximum extent permitted by law, our aggregate liability in respect of any claims made in connection with or arising out of the use of the Website or the Service (whether in contract, tort (including negligence), breach of statutory duty, or otherwise) for direct losses will be limited to the onboarding fees charged by IT2Profit if any.

You agree not to use the Website or the Service in any way which:

• is unlawful;
• may give rise to civil or criminal liability for IT2Profit ; or
• may bring IT2Profit into disrepute.

The User hereby agrees to indemnify, defend and hold us and our officers, directors, owners, agents, information providers, affiliates, licensors and licensees (collectively, the “Indemnified Parties”) harmless from and against any and all liability and costs (including reasonable legal fees) incurred by the Indemnified Parties in connection with any claim arising out of:

• any fraud or fraudulent misrepresentation you commit;
• any inaccuracy or defect of any of the information you have provided to us;
• any breach of applicable law or regulation you commit;
• any other person’s use of your Account;
• any breach by you of these terms of service; and
• third party claims arising from your use of the Website or the Service, any of Your Content or any use of your Account (whether or not such use was by you).

The User shall cooperate with us in the defence of any claim. We reserve the right, at our own expense, to assume the exclusive defence and control of any matter otherwise subject to indemnification by you.

 

• As Is As Available

The materials on our website and all other materials on any other channel or provided through an authorised representative are provided on an “as is” and “as available” basis. IT2Profit makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties and or promises including without limitation, implied warranties or conditions of merchantability, profitability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, we do not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on our website or otherwise relating to such materials or on any sites linked to this website. The materials appearing on IT2Profit could include technical, typographical, or photographic errors. We may make changes to the materials contained on the web site at any time without notice. We do not, however, make any commitment to update the materials.

 

• Termination or suspension

IT2Profit may immediately terminate any agreement if the user breaches any of the clauses mentioned in our terms and conditions.

In addition we reserve the right to take legal action against the user and suspend access to the website and our services and apply other additional sanctions as contractually agreed. Therefore, we may block computers using user’s IP address from accessing our website. We may contact your Internet service provider and take such measures to block you from accessing our website and services. In addition, we may take legal action against you and recover the costs of the same from you. If you try to use the website for illegal activities, violate any of these terms or fail to pay for your transaction or any fraud related to that, we also reserve the right to cancel transactions that are not paid for or not confirmed.

We can stop supplying our service at any time without notice to you, and we reserve the right to refuse to supply the service to any person for any reason, especially if the user registers or submits a purchase under false identity or with wrong personal information, including email address, interferes with any of the company’s operations or uses language that we consider is unacceptable including vulgar, racist, sexual or offensive language.

 

• Amendment, assignment, and governing law

We can assign our various rights under this agreement to any other person without asking your permission. Your rights are personal and not assignable.

The laws of the Dubai and International Commercial Law govern these terms and conditions, without regard to its conflict of law provisions, and you irrevocably and unconditionally submit to the non-exclusive jurisdiction of the courts to resolve any dispute that arises as a result of or in connection with this agreement.

These T&C are to be interpreted so that they comply with all applicable laws and if any provision does not comply then it must be read down so as to give it as much effect as possible however, if it is not possible to give that provision any effect at all then it is to be severed from this agreement in which case the remainder of this agreement will continue to have full force and effect.

 

• Dispute Resolution

Due to the nature of the services, any transaction conducted using IT2Profit services is final regardless of any defects in or non-delivery of any goods or services purchased in connection with such digital transaction, or any other aspect of the User’s transaction.

The Relevant User is advised to use adequate care because IT2Profit cannot reverse a transaction that has been communicated to and confirmed by the network.

If the User experiences a problem with any goods or services purchased from IT2Profit in connection with using IT2Profit ’s services, or if the User has a dispute with IT2Profit , the User must handle it directly with IT2Profit. IT2Profit has no control over, or liability for, the delivery, quality, safety, or any other aspect of any goods or services that User may purchase from IT2Profit .

 

• Contact us

Please contact us if you have questions or are not satisfied with anything.

E-Mail support@it2profit.com