User Agreement and Terms of Use

Introduction

1.1 STARTUP SMART DEVELOPMENT LTD, registered in Hamchaku, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros, operating under the international financial license with registration number 15559, acting under the brand name Perfect Money, hereinafter referred to as the “System” or “Perfect Money”.

These Terms of Use and User Agreement (collectively, the “Terms”) govern your access to and use of the System. You must read the Terms carefully.

To make these Terms easier to read:
- STARTUP SMART DEVELOPMENT LTD is referred to as “System”, “we”, “us” or “our”.
- “You”, “your” and “user(s)” refers to anybody who accesses or uses, in any way, the System. If you are accessing or using the System on behalf of a company or other legal entity, you represent and warrant that you have the authority to bind that entity to these Terms and, in that case, “you”, “your” or “user(s)” will refer to that entity.

You represent that you are at least the age of majority in your jurisdiction (18 years old) and have the full right, power, and authority to enter into and comply with the Terms on behalf of yourself and any company or legal entity for which you may access or use the System. If you are entering into this Terms on behalf of an entity, you represent to us that you have the legal authority to bind such entity.

By using or accessing the System, you represent to us that you are not subject to the Sanction Lists and you are not a Restricted Person, as defined below. “Sanction Lists” means any sanctions designations listed on economic/trade embargo lists and/or specially designated persons/blocked persons lists published by the international organizations, as well as any state and governmental authorities of any jurisdiction, including, but not limited to the lists of United Nations, European Union and its Member States, United States and United Kingdom sanctions lists.

You represent that your access and use of the System will fully comply with all applicable laws and regulations, and that you will not access or use the System to conduct, promote, or otherwise facilitate any illegal activity.

1.2 This Agreement defines the rights and obligations of a registered user who wishes to become a client of the Perfect Money payments system (hereinafter - the "System").
1.3 The user has the right to accept or reject the proposed terms, which will subsequently determine their participation or non-participation in the System.
1.4 The Agreement is considered bilateral and provides informational and financial services to the user, not creating financial obligations for the latter.

Company Activities

2.1 The company provides its clients with the opportunity to use virtual currency in an electronic environment, equivalent to real money deposited by the client into their account in the Perfect Money system (hereinafter - the "System").
2.2 The company conducts financial operations in the formats: B2B, B2C, C2B, P2P.
2.3 The company provides clients with the ability to deposit/withdraw funds, transfer funds from account to account, and convert currencies at Perfect Money's internal exchange rates.
2.4 User can convert funds into electronic equivalents of precious metals with the registration of a certain amount of metal in the user's name.
2.5 Deposits of funds into the system account is possible with conversion into the equivalent of precious metal at Perfect Money's internal rate.
2.6 Deposits and withdrawals of funds is possible through international money transfer systems and bank transfers, as well as through certified Perfect Money partners.
2.7 The system allows individuals engaged in e-commerce to accept payments for goods and services in Perfect Money currency by setting up merchants on their online trading platforms.
2.8 All commercial operations of the company are carried out in accordance with the internal laws of the country where user operates.

Provision of Personal Information by the User

3.1 The client must provide their real data to use the Perfect Money payment system. This information is used solely for verification purposes and will not be disclosed to third parties unless required by the laws of the Union of Comoros. The information will be obtained and processed in accordance with the System's "Know Your Customer" (KYC) policy.
3.2 By accepting this Agreement and completing the registration process in the System, the user confirms the transfer of their data to the System and its use for identification, notification, and transaction purposes.
3.3 The System's client has the right to change their personal data. If necessary, the System may request verification and documents for data changes.

Using the Perfect Money Account

4.1 The account is a personal zone of the user that operates based on the user's personal data.
4.2. The user is fully responsible for the state of their account, maintaining control access to it, and its management. The user is fully responsible for secure storage of account login information (login and password), keeping the computer used to access the account virus/malware free and email associated with the account fully secure.
4.3 The system is not responsible for the deliberate or unintentional use of the account by the user for illegal purposes, violating the system's AML policy and the laws of the countries where the user operates.
4.4 By registering in the Perfect Money system, the user agrees not to use it for illegal purposes and not to perform operations that could harm the System.

Transactions in the System

5.1 The client is fully responsible for all transactions performed at the client's account.
5.2 By registering as a System Client, you confirm that the System's may set internal exchange rates for currencies and metals in which your funds are stored in the form of monetary units.
5.3 Only the client, and no one else, is responsible for any transfer or withdrawal of their funds, including cases of unauthorized access.

Irreversibility of Transactions

6.1 The client does not have the right to demand the cancellation of a transaction made by them in the System.
6.2 Any transaction can only be canceled by a court decision.
6.3 A transaction made in the system on behalf of an account registered in the user's name is fully presumed to be executed by the owner of this account and cannot be disputed if the client claims non-participation in the transaction. Such a transaction is considered signed by the client.
6.4 The System's client must pay special attention to the accuracy of their actions, as some operations in Perfect Money are performed with a single click.

Limitation of Liability

7.1 The system and the company are not responsible for the loss of funds by the client due to system failures, unauthorized access, theft, force majeure circumstances, as well as for any special, indirect, incidental, or consequential damages that may arise in connection with the actions or inaction of third parties, such as certified Perfect Money partners.

Termination of the Agreement

8.1 The System's client has the right to notify the Perfect Money administration at any time of their desire to close the account. In this case, the account in the System and the deletion of all personal data specified by the user during registration occur after the identification procedure and verification of its compliance with the user's identity registered to this account.
8.2 The system reserves the right to block or suspend the account for a definite or indefinite period in case of suspicion until the circumstances are clarified.

Provision of Personal Information by the User

9.1 The client must provide their real data to use the Perfect Money payment system. This information is used solely for verification purposes and will not be disclosed to third parties without the client's consent, except as provided by the laws of the Union of Comoros. Failure to provide correct name, adders and a phone number may result in account closure, inability to restore an account if the user loses account access information or access to email associated with the account.
9.2 The system recommends clients undergo the verification process by providing identity documents and a mobile phone number. Verified accounts get access to full account functionality and reduced fees.
9.3 The client has the right to minimize the use of their personal data. The client must understand that minimizing the use of personal data will reduce the security level of their account. NB! Insufficient detail of personal data may result in the inability to restore account access.

Changing the Terms of Use

10.1 The system reserves the right to make changes to this Agreement. Notification of any changes will be published on the Perfect Money website and/or sent to the user via email. Continuing to use the System after changes means the user's acceptance of the updated terms.

Client Obligations and Rights

11.1 The client agrees to use the system only for legal purposes and not to take actions that could harm the System.
11.2 The client is responsible for the accuracy and relevance of the provided data.
11.3 The user agrees to comply with all applicable laws and regulations regarding the use of the Perfect Money system.

Other Terms

12.1 In the event of disputes or disagreements between the client and the system, the parties agree to resolve them through negotiations.
12.2 If the dispute cannot be resolved through negotiations, it is subject to court review in accordance with the laws of the Comoros Islands, the island of Anjouan.
12.3 All notifications, requests, and other messages sent by the system to the client are considered proper if sent to the last known email address of the client.
12.4 This Agreement enters into force upon acceptance by the user and is valid until terminated.
12.5 The system reserves the right to make changes to this Agreement at any time. Clients will be notified of such changes through publication on the Perfect Money website or via email.
12.6 Continuing to use the System after notification of changes means the client's acceptance of the updated terms.
12.7 This Agreement is governed by and interpreted in accordance with the laws of the Comoros Islands, the island of Anjouan.
12.8 If any provision of this Agreement is found invalid or unenforceable, the remaining provisions will remain in force.

Exchangers

13.1 Exchangers are 3rd party companies that provide exchange services to Perfect Money users such as transactions to/from other payment systems, cryptocurrencies or local payment means. Overall exchangers provide an extremely wide range of services that are specifically tuned to local financial environment where they operate.
13.2 Perfect Money is an exchanger based system. This means that most of deposits and withdrawals to/from Perfect Money accounts are process by 3rd party exchangers.
13.3 Perfect Money does not guarantee the performance of the exchangers. The exchangers are not under Perfect Money's control. The system is not responsible for any damages or monetary losses that result from use the services of 3rd parties even if the exchanger is listed in Certified Partner directory.
13.4 All disputed that may arise between user and exchanger have to be resolved by direct communication between the user and exchanger.

Credit Exchange

14.1 The credit exchange is a peer-to-peer system, meaning that user provides loans to fellow users. As such, Perfect Money does not provide any guarantees that the loan will be returned.

Restricted Countries

15.1 There are a number of countries where the use of the services provided by Perfect Money is strictly prohibited. Currently the list of countries includes USA, Canada, North Korea and Iran. Please note that the list maybe amended without prior notice.