1. BASIC PROVISIONS

1.1 TimaxPay.  guarantees to any its Client the right for refund of money, in case if such Client is not satisfied with the quality of provided Services or due to technical obstacles.

1.2 TimaxPay declares that its Client has the right to change his/her mind in case if the Client’s Account was already charged and to request his/her money to be returned.

1.3 This Refund and Cancellation Policy concerns exclusively transaction fees and Clients’ money.This Refund and Cancellation Policy does covers only transactions made with credit and debit cards issued by Visa, MasterCard and UnionPay and it does not refer to any refunds for purchased intangible services delivered at once the money has been transferred from the Client to the Partner.

1.4 TimaxPay undertakes its best efforts to assist the Clients in case of any disputes related to refunds of purchased services and intangible products mentioned in provision

1.5 Refunds and cancellations in excess of the original amount are prohibited.

2. DEFINITIONS

1. Banking Day, business day, working day. Means every official working day of the week in the Czech Republic.

2 Chargeback. Means return of the Client’s money by the Client’s bank due to the disputed and/or fraudulent transaction.

3. Compliance criteria. Means the set of requirements that must be fulfilled for refund or cancellation.

4. Return and cancellation form: means the TimaxPay’s form to be completed by the Client, who has requested for his/her money to be returned.

5. Issuing bank. Мeans the bank that has issued payment card to the Client.

6. Refund original amount. Means the precise amount of transaction fee deducted from the amount of certain Client’s transaction.

7. Refund and Cancellation form. Means the TimaxPay’s form to be completed by the Client, who has requested the Refund or cancellation.

8. Refund or cancellation. Means charging back the amount of transaction fee paid by the Client with regard to certain Transaction or the precise amount of the Client’s Funds accumulated on his/her Client’s account.

All other terms and definitions in this Refund Policy are used in the same meaning as under the Terms of Use.

3. GENERAL CONDITIONS

3.1 The Client who has paid for the TimaxPay, i.e. paid a transaction fee, or has funded his account may request a refund or cancellation in accordance with the compliance criteria as further set out herein.

3.2 Refund or cancellation will only be considered where the Client complies with the compliance criteria in full. Where the Client fails to meet any of the compliance criteria, TimaxPay shall have the right, in its sole discretion, to decline the Client’s request for a refund or cancellation.

3.3 In order to apply for a refund or cancellation, the Client must request and complete a refund form or cancellation form and send it to the TimaxPay support address. You can obtain the refund/cancellation form under request sent to email.

3.4 All payments and information related to refund or cancellation may be verified by TimaxPay’ compliance officers. In such case, TimaxPay may request the Client to provide certain documents, including, but not limited to, identification documents, copy of the Client’s payment card and invoice or/and any other prove of the fact that disputed payment was made. In case if the Client fails to provide appropriate documents or information within three (3) days upon the TimaxPay request or in case of any doubts as to authenticity of provided documents, TimaxPay shall be entitled to decline the Client’s refund or cancellation request.

3.5 TimaxPay shall process the Client’s refund form / cancellation form as soon as is reasonably practicable. Response times will vary depending on stated reasons for the request. In any case, TimaxPay shall notify the Client on the result of the request in accordance with the timescales set out herein.

3.6 Refund or cancellation request will only be approved or declined after proper verification made by TimaxPay’ compliance officers. Submission of refund form / cancellation form gives no guarantees that the Client’s request will be satisfied.

4. REFUND, CANCELLATION COMPLIANCE CRITERIA

4.1 All requests for refund and cancellation will only be accepted where notice is received by TimaxPay no later than twenty four (24) hours after processing of transaction.

4.2 Notice mentioned in provision 4.1 should be provided to TimaxPay by completing refund form or cancellation form.

4.3 Completed refund form or cancellation form should be sent to the TimaxPay email with “Refund/cancellation request” in the subject line.

5. PROCESSING TIMELINE

5.1 TimaxPay shall contact the Client within fifteen (15) business days from refund or cancellation request to request further information (if required).

5.2 Client shall provide such information as soon as reasonably practicable, but in any case no later than fourteen (14) days following such request. TimaxPay shall notify the Client by e-mail on its final decision regarding refund or cancellation.

5.3 Refund or cancellation will be processed within twenty (20) business days from the date of notifying the Client on the TimaxPay’s decision.

5.4 The Client will have no refund or cancellation in case that:

• when requested by TimaxPay to do so, the Client fails to provide TimaxPay with information or/and document(s) within the terms set.

• If TimaxPay suspects that the Client has, or is, engaged in, or have in any way been involved in, fraudulent or illegal activity, including prohibited activities according to the AML policy.

• TimaxPay reserves the right to lock the Client’s money while refund or cancellation investigation is in process, which means that the money could be inaccessible during such investigation.

6. CHARGEBACKS

6.1 TimaxPay expects the Client to contact it using TimaxPay contact details to resolve any problem or issue related to his/her payments, before the Client makes any Chargeback request. This Section does not affect any rights and/or claims, which the Client may have against the bank/financial institution.

6.2 TimaxPay will investigate any Chargeback requests made by the Client and in response will inform the Client’s issuing bank whether any Service or Transaction has been cancelled.

6.3 TimaxPay reserves the right to suspend Client's account and lock Client's money during the chargeback investigation procedure.