User Agreement

Published on May 25, 2024 | Updated on May 29, 2024

Veracity Wealth Crypto Card Agreement

This Veracity Wealth Crypto Card Agreement is of utmost importance as it constitutes a legally binding agreement between you, the cardholder (the “Client”), and us, (“Veracity Wealth” or “We”), for the use of the Veracity Wealth Crypto Card. It also outlines other crucial details that you need to be aware of.

The Client acknowledges and agrees that by selecting the “Veracity Wealth Crypto Card” option during the application process, it expresses its intention to accept these terms and conditions, thereby executing the agreement between the Client and Veracity Wealth.

Purpose

The Veracity Wealth Crypto Card (digital format only) is a prepaid card that enables users to directly top up USD amounts using USDT, USDC, BTC, or ETH. It can be utilized for online platforms worldwide that accept Mastercard payments (e.g., Amazon, eBay) and can be linked to Apple Pay for offline payment scenarios.

Fees and Charges:

• Mastercard enabled.
• KYC requirements depend on the card type.
• Application fees vary based on the card type.
• No monthly fees.
• Recharge fees apply.
• Monthly and recharge limits are determined on a case-by-case basis.
• Minimum recharge amount applies.
• The Veracity Wealth Crypto Card does not function as a bank account, and funds topped up via crypto do not accrue interest.

Withdrawal Procedure

Users can withdraw any unused balances within the Crypto Card account using USDT or merchant platform tokens. There is a minimum redemption amount, and the shortest time interval allowed for redemption is 48 hours.

Use of Veracity Wealth Crypto Card

1. One user can apply for a maximum of three Veracity Wealth Crypto Cards.
2. Veracity Wealth reserves the right to establish and adjust, at its sole discretion, the maximum number of certain Crypto Cards, the Monthly Limit, and Card Limit for risk control and regulatory compliance purposes. Any payment exceeding such limits shall be rejected.
3. All Veracity Wealth Crypto Cards remain the property of the Service Provider and must be returned upon request. The Service Provider may cancel, revoke, repossess, or restrict the use of the Crypto Card at any time. Veracity Wealth may decline to authorize or reverse charges or suspend Crypto Cards for reasons including violation of this Agreement, suspected fraud, or creditworthiness. Veracity Wealth may also decline to authorize transactions at merchants characterized by the Service Provider. Veracity Wealth is not liable for losses resulting from declined or reversed transactions.
4. If Veracity Wealth determines that a Client’s Crypto Card receives, or is likely to receive, a disproportionately high number of declined transactions, reversals, refunds, disputes, fees, or other liabilities, the Client may be subject to certain handling fees upon notice via email. The Client agrees to terminate the use of the Services if it does not agree to such fees or charges.
5. The card account itself is protected by a sophisticated bank-level security system, ensuring full protection of funds. Every time a user initiates a CVV or address information request, it undergoes secure verification. Users can also easily cancel their Crypto Card and return the balance to their own encrypted wallet after security verification. We do not recommend that users share their CVV code under any circumstances.
6. The Client is responsible for securing account credentials, Veracity Wealth Crypto Card numbers, and security features (including the CVV and PIN, if any). The Client is responsible for charges, fees, and penalties resulting from any failure to exercise reasonable care in safeguarding Veracity Wealth Crypto Cards from loss or theft, or failure to promptly report loss or theft. If the Client uses or allows someone else to use the Crypto Card for any other purpose, the Client will be responsible for such use and may be required to reimburse Veracity Wealth and the Service Provider for all amounts or expenses paid by such entities as a result of such use. The Client understands that it is its responsibility to monitor any suspicious or unauthorized activities on the Veracity Wealth Crypto Card. The Client understands that it is liable for the unauthorized use of the Veracity Wealth Crypto Card to the fullest extent permitted by applicable law.