Exchange
Blockchain and crypto asset exchange
Academy
Blockchain and crypto education
Broker
Trading terminal solutions
Charity
Charity
Cloud
Enterprise exchange solutions
DEX
Fast and secure decentralized digital asset exchange
Labs
Incubator for top blockchain projects
Launchpad
Token Launch Platform
Research
Institutional-grade analysis and reports
Trust Wallet
Binance's official crypto wallet
Buy Crypto
Markets
Scan to Download App IOS & Android
Download
English
USD

Binance Swipe Card Terms of Use

Last updated: December 22, 2020
Effective date: January 1st, 2021

1. Legal Relationship

1.1 This Binance Swipe Card Terms of Use (the "Terms") are concluded between the Client (referred to as "you") and the respective Binance Operator(s) (as defined in the Binance Terms, referred to jointly as "we", or "us").

1.2 The Terms regulate your use of the Digital Wallet (as defined below). All crypto-fiat exchange, payment, and other financial services attached to the Digital Wallet are governed by the terms and agreements between you and the respective service providers designated by us.

1.3 The services of Binance Swipe Card are only provided in specific countries currently and will be expanded to other territories at our discretion.

1.4 The Terms, as amended from time to time, are available to you on the website for the service (https://swipe.io, the "Website") and relevant mobile apps. If you do not agree to the Terms as well as the amendments, please do not sign up for or use our services. Users in certain regions may have different Terms applicable to them, which to be enacted and updated by us from time to time.

1.5 The Terms will become effective after the date of its acceptance by you, but not before we have deemed you acceptable for the service. By clicking "Accept" or "Agree" where this option is made available to you by us via the Platform for the service and which you hereby adopt as your electronic signature, you consent and agree to the terms and conditions of the present Terms and therefore the electronic document of the aforesaid materials are deemed as duly signed by you.

2. Definitions

2.1 Unless otherwise provided herein, the capitalized terms herein shall have the same meaning set forth in the Binance Terms of Use (https://www.binance.com/en/terms, the “Binance Terms”) of Binance Group.

2.2 "Binance Swipe Card Platform" or "Platform" represents the Website and/or fintech mobile apps for Android or iOS or other platforms, integrating the following services provided by our cooperative service providers or us:

2.2.1 Digital Wallet functionalities as set forth in Section 4.1 hereof, which are governed by the present Terms;
2.2.2 Crypto-fiat exchange services provided by the respective service provider(s) designated by us; and
2.2.3 Payment and other financial services provided by the respective service provider(s)designated by us.

2.3 "Digital Wallet" or "Binance Swipe Card Digital Wallet" means a product containing a set of digital wallet functionalities, which consists of the possibility to create and maintain a client profile (the "Client Profile") in the Binance Swipe Card Platform. The Client Profile provides you the possibility to:

2.3.1 Register one or more acceptable prepaid and/or debit cards and any other acceptable card linked to a card fiat account (the “Fiat Account”) in the manners we may accept, manage and make payments through such specific Fiat Account (each a "Card");
2.3.2 Open, maintain and use a virtual account under your Client Profile (the "Card Account"), through which you can top up, manage and save BTC/BNB and other types of Cryptocurrencies to be accepted by us from time to time (the "Cryptocurrencies") and other assets (under certain situations accepted by us);
2.3.3 Transfer the Cryptocurrencies from your spot trading account under Binance Account or other crypto accounts to be acceptable by us from time to time to the Card Account;
2.3.4 Exchange your Cryptocurrencies in the Card Account into specific types of fiat currencies through the service provider(s) designated by us;
2.3.5 Apply for any Card issued by the service providers approved by us through our Platform in accordance with the Financial Service Agreements to be entered into between you and those service providers, and in case you are successfully granted any Card – access to relevant payment and financial functionalities, including but not limited to (1) obtaining a Fiat Account and respective virtual or plastic cards linked to that Fiat Account, (2) connecting your Card Account with your Fiat Account, (3) purchasing goods and services from those merchants who accept payment via your Card, (4) withdrawal of cash from ATMs where withdrawal with using your Card is allowed, (5) tracking and checking balance and trading information of your Card Account and Fiat Account, and so on; and
2.3.6 Access to other services our approved partners or we provide you with from time to time.

3. Registration and Verification

3.1 You acknowledge and agree that a condition for becoming a Binance Swipe Card Digital Wallet user and register a Client Profile is to fulfill the following steps:

3.1.1 First applying for a Binance Account;
3.1.2 Navigating to the Binance Swipe Card Platform located on the Binance Platform;
3.1.3 Agreeing with these Terms, as well as other legal documents if applicable;
3.1.4 Reading and confirming your receipt of our Privacy Policy, to better understand our commitment to maintaining your privacy, as well as our use and disclosure of your information;
3.1.5 Agreeing with terms, agreements, privacy policies, rules and policies (if any) provided by third-party service providers which are necessary for you to enjoy certain services they provide in the Digital Wallet;
3.1.6 Entering valid and accurate data, such as your Binance Account, your name, country of residence, mobile phone number and other, as required by us; and
3.1.7 Verifying your mobile phone number and/or additional identification information as indicated by our appointed processor or us.

3.2 You hereby declare that you are registering for Binance Swipe Card Digital Wallet on your behalf only and that you are not acting on behalf or account of a third party.

3.3 Eligibility for the Digital Wallet

3.3.1 To be eligible to use any functionalities of the Digital Wallet, you must (i) be at least 18 years and have the full right, power, and legal authority to enter into the Terms; (ii) be a resident of specific countries listed in the Platform; (iii) has a valid and active Binance Account and/or other cryptocurrency accounts acceptable to us; and (iv) comply with other qualification requirements set forth in the Binance Terms.
3.3.2 Upon registration for the Digital Wallet and during the validity period hereof, you must provide current, complete, and accurate information by personalizing your Client Profile, as requested by us, and maintain that information as current and accurate during your use of the Digital Wallet.

3.4 You acknowledge and agree that we and/or our appointed processors shall be entitled to, and you shall cooperate with and assist us and/or our appointed processor to, undertake identification, credit, anti-money laundering, counter-terrorism financing, KYC and other necessary checks and screenings required to comply with our internal compliance policies and applicable laws, at any time during your registration and use of service when our appointed processors or we deem necessary in our or their sole discretion.

4. Functionalities in Digital Wallet

4.1 Digital Wallet functionalities

After completion of registration and verification, you can use the following Digital Wallet functionalities:

4.1.1 To add and save your Card via your Client Profile;
4.1.2 To open and maintain your Card Account as well as top up and save BTC/BNB or other Cryptocurrencies to be accepted by us from time to time into the Card Account, via transferring from your Binance Account or any other method acceptable by us;
4.1.3 To withdraw Cryptocurrencies from the Card Account to your Binance Account or any other cryptocurrency accounts acceptable by us;
4.1.4 To track and check the crypto balance and trading information of the Card Account; and
4.1.5 Other Digital Wallet functionalities we provide from time to time as set forth and updated in the publications on the Website and/or the Mobile App.

4.2 Payment and financial functionalities

After completion of registration and verification, as well as activation of any Card, you can use those payment and financial functionalities as set forth in Section 2.3.5. For the avoidance of any doubt, we are not engaged in the management of any kind of services directly linked to the Card and Fiat Account –issuance, activation, management and use of the Card and Fiat Account, for instance– in case of any concerns or problems related to the Card and Fiat Account, you can refer to relevant descriptions, announcements, and FAQs published in the Platform or contact the respective issuer of the Card. We do not bear any liability for any claim which you might have for application, activation, or use of the Card; and you should address any such claim to the respective issuer of the Card.

4.3 Crypto-fiat exchange functionalities

After completion of registration and verification, as well as activation of any Card, you may sell Cryptocurrencies in exchange for certain fiat currencies. You hereby authorize us or respective service providers designated by us to debit Cryptocurrencies from your Card Wallet and to credit your Fiat Amount or make payments to any third party.

In case of any concerns or problems related to the crypto-fiat exchange services, you can refer to relevant descriptions, announcements, and FAQs published in the Platform or contact us at support@binance.com.

4.4 Receipt of Instructions

If we receive instructions from you to use payment and financial functionalities, such as purchase goods or services from certain merchants using fiat currencies, on a non-business day or after 6:00 pm (London time) on a business day, we may treat those instructions as if they were received by us on the following business day.

4.5 Fiat Balance in Card Account

4.5.1 In case of any refunds and returns that are made in your use of the Card(s), such refunds and returns will be paid back directly to the fiat balance of your Card Account instead of your Fiat Accounts linked to the Card(s).
4.5.2 Unless otherwise provided herein or permitted by us, you may not (i) withdraw funds from any part of the fiat balance held in your Card Account into your Fiat Account or any other account, or (ii) exchange any part of fiat balance held in your Card Account into Cryptocurrencies. You may use the fiat balance held in your Card Account in your sequent consumption via the Card(s).

4.6 Negative Balance

4.6.1 If there are any negative balance in the Card Account due to merchant settlements being higher than the available balance in the Card Account, we reserve the right to (i) deduct the negative amount from any associated accounts under your Binance Account, and/or (ii) take other necessary measures at our sole discretion to satisfy the negative balance and compensate for our losses (if any);
4.6.2 You agree that if any negative balance in the Card Account is uncollectible from any of your associated accounts under Binance Account or other those provided by other service providers, (i) your Card Account, your use of all functions provided in the Digital Wallet and/or other services provided by Binance Operators may be suspended until the negative balance is satisfied and your Card Account is brought into good standing, and (ii) we reserve the right to relief our losses in all reasonable manners to the maximum extent permitted by law.

4.7 Cashback

4.7.1 You may participate in our cashback program and get cashback for a purchase in your use of the Service. The cashback percentage will depend on your card level, which is based on the amount of BNB staked at your Digital Wallet. Cashback is calculated on a daily basis for each settled purchase from the previous date.
4.7.2 You agree that we may adjust participation in the cashback project and the cashback percentage at our own discretion from time to time without prior notice.
4.7.3 We reserve the right to, at our own discretion, stop or suspend providing cashback to you or provide no cashback to you for any specific purchase.

5. Fees

5.1 In consideration of the use of the Services we provide you through Digital Wallet, you agree to pay us the fees for completed trades, as set forth in our fee schedule attached hereto (“Fee Schedule”), which we may revise or update at our sole discretion from time to time. Changes to the Fee Schedule are effective as of the date set forth in any revision and will apply prospectively from that date forward.

5.2 You authorize us to deduct any applicable fees from your Card Account at the time set forth in the Fee Schedule, and in the event of insufficient funds in your Card Account, we are entitled to collect funds from other accounts under your Binance Account.

5.3 Unless otherwise provided by us, the fees set forth in the Fee Schedule don’t cover any additional fees to be charged by the third-party service providers or governmental authorities, including but not limited to network charges (Visa network for example), taxes and foreign exchange costs, which may be declared by such third-party service providers or governmental authorities via separate legal documents and may be different when applied for different Clients, different regions, and different types of Cards. You further authorize us to deduct any of the foregoing third-party or compulsory charges from your Card Account (and other accounts under your Binance Account, provided there is a negative balance in your Card Account) at the proper time at our sole discretion.

6. Usage Specification and Permissible Actions

6.1 You may only use the Digital Wallet in bona fide and accordance with the functionalities of the Digital Wallet. You agree to use the Digital Wallet only as permitted by:

6.1.1 The Terms and the Binance Terms;
6.1.2 Characteristics, settings and limits of the Digital Wallet, including the setting of limits and options by you as allowed by the Digital Wallet, as published and updated by us from time to time on the Platform;
6.1.3 Any applicable rules and policies stipulated by other service providers to the Digital Wallet; and
6.1.4 Any applicable law, regulation, or generally accepted practices or guidelines in the relevant jurisdictions.

6.2 It is strictly forbidden to use the Digital Wallet in violation of the Terms and/or the Binance Terms, or for any illegal purposes. In particular, you shall under no circumstances use the Digital Wallet for activities which involve or may involve any of the following:

6.2.1 Breach of the Terms (including, without limitation, providing false identifying data, such as false names, email address, multiple mobile numbers or other data, with attempting or resulting in the opening of multiple Client Profiles or Card Accounts for a single user or avoiding any restrictions imposed by us in another way);
6.2.2 Breach or risk of breach by you of any law, statute, contract, or regulation applicable (including without limitation, IP laws, or those governing payment and financial services including anti-money laundering or terrorist financing, or similar regulatory requirements, including where we cannot verify the identity or other data about you according to our internal regulatory requirements of, consumer protections, unfair competition, anti-discrimination, gambling, false advertising, illegal sale or purchase or exchange of any goods or services according to all applicable laws);
6.2.3 Abuse of any service in the Digital Wallet on your side;
6.2.4 Use of the Digital Wallet in a manner that results in or may result in complaints, disputes, claims, fees, fines, penalties and other liability to us or any of our branches or agents, affiliates and other similar;
6.2.5 Intercepting or monitoring, damaging or modifying any communication that is not intended for you or use any type of spider, virus, worm, trojan-horse or any other codes or instructions that are designed to distort, delete, damage, emulate or disassemble the Digital Wallet;
6.2.6 Use of any third party’s copyright, patent, trademark, trade secret or other intellectual property rights, or rights of publicity or privacy for which you do not have license or permission from the owner of such rights;
6.2.7 Use the Digital Wallet in connection with any other underlying illegal operation such as but not limited to collection or harvesting any personally identifiable information;
6.2.8 Engaging in any activity that interferes with or disrupts the Digital Wallet (or the servers and networks which are connected to the Digital Wallet, or impacting or attempting to impact the availability of the Digital Wallet, with a denial of service (DOS) or distributed denial of service (DDoS) attack;
6.2.9 Reproducing, duplicating, copying, selling, trading or reselling the Digital Wallet for any purpose; or
6.2.10 Use of the Digital Wallet for any sale or purchase of goods and/or services, which are not acceptable to us as published in the Website or Mobile App or as instructed in writing by us.

6.3 You shall not use the Digital Wallet and/or shall not accept the Terms, and we are entitled but not obliged to temporarily stop or terminate the Digital Wallet and/or the Terms immediately and without prior notice to you, if:

6.3.1 You are not of legal age to form a binding contract with us and operate the payment instrument or funding instrument for use with the Digital Wallet; or
6.3.2 You are a person barred from receiving the Digital Wallet under any applicable laws or regulations, with the requirements of any service provider which provides the crypto-fiat exchange, e-money, payment or other financial services, the Binance Terms, or our rules or policies;
6.3.3 You have not been duly identified or verified by us, upon our single discretion; or
6.3.4 Other important reasons, upon our discretion, such as risk and compliance.

6.4 We shall be entitled to notify you at any time for the termination of your use of the Digital Wallet via email or the Platform, in case you have become a non-acceptable client for us. The decision for the refusal is strictly in our discretion, and we shall not be liable for whatsoever compensations.

6.5 Non-satisfaction of the conditions in the Terms may result in:

6.5.1 Immediate suspension of any functionality or service provided in the Digital Wallet set forth in Section 2.3, if applicable,
6.5.2 The right of us or the respective service provider to withhold funds in your Card Account and/or Binance Account for the satisfaction of damages incurred by the respective service providers or us, because of your breach,
6.5.3 Claim by us against you via initiation of procedures before competent regulatory bodies or card organizations, and/or
6.5.4 Termination of the Terms without prior notice to you.

7. Personal Data Protection

For information about our data protection practices, you are obliged to read our Privacy Policy, which forms an integral part of the Terms available on the Platform.

8. Termination of the Terms

8.1 The Terms will continue to apply until terminated by either party hereof, as set out below unless otherwise stipulated in applicable laws.

8.2 You may stop using the functionalities of the Digital Wallet and terminate the Terms subject to the following conditions and provisions.

8.2.1 If you wish to terminate the Terms with us, you may do so immediately and without charge for termination at any time by notifying us in accordance with Section 13 below.
8.2.2 In case of any risk of damages for us, resulting from claims, fees, fines, penalties, your non-compliance with regulations, contractual obligations or other similar liabilities arising from your use of the Digital Wallet, you hereby agree that we may withhold your Cryptocurrencies and/or fiat currencies in your Card Account and Binance Account (when there is a negative balance in your Card Account, the same below), or instruct the entities, which providing services to your Card Account and Binance Account to withhold your funds therein, for a period allowed by law even after termination of the Terms. You shall remain liable for all obligations arising under the Terms even after termination of the Terms and/or close of your Card Account.

8.3 You acknowledge and agree that we may stop providing service to you in the situations and ways as set forth herein.

8.3.1 We may, at any time, terminate the Terms with you without notice if:
a. You have breached any material provision of the Terms or law (or have acted in a manner which clearly shows that you do not intend to or you are unable to comply with the material provisions of the Terms); or
b. We are required to do so by applicable law or regulations (including, without limitation, where the provision of the Digital Wallet to you becomes non-compliant with the regulations).
8.3.2 Unless a shorter period is provided in the Terms, as permitted by law, we may, at any time, terminate the Terms by giving you written notice.

8.4 When the Terms terminate, all of the legal rights exercised, and all the obligations and liabilities assumed by either party hereof in accordance with the Terms, or which have accrued over the period while the Terms have been in force, or which are expressed to continue indefinitely, shall be unaffected by the termination. You agree that Section 8, 10 and 13, as well as any other terms which by their nature should survive, shall survive the termination of these Terms.

8.5 Subject to Section 8.4 above and applicable laws and unless otherwise provided herein, where the Terms are terminated by either party hereof, you will be entitled to a refund of any available balance in your Card Account in accordance with these Terms.

9. Limitation of Warranties

9.1 We make no express warranties or representations with respect to the provision of the Digital Wallet. In particular, we do not warrant to you that:

9.1.1 Your use of the Digital Wallet and any service provided therein will meet your requirements or expectations;
9.1.2 Your use of the Digital Wallet and any service provided therein will be uninterrupted, timely, secure or free from error; and
9.1.3 Any information obtained by you as a result of registration or use of the Digital Wallet and any service provided therein will be accurate or reliable.

9.2 No conditions, warranties or other terms (including any implied terms as to the satisfactory quality, fitness for purpose or conformance with description) apply to the Digital Wallet, except to the extent that they are expressly set out in the Terms.

9.3 Subject to other provisions hereof, nothing in the Terms will affect those mandatory or statutory rights to which you are entitled as a consumer and that you cannot contractually agree to alter or waive.

10. Liabilities and Limitation

10.1 To the greatest extent permitted by law, we will not be liable to you for:

10.1.1 Any indirect or consequential losses which may be incurred by you, including without limitation, any loss of profit (whether incurred directly or indirectly), any loss of goodwill or business reputation, or any loss of data suffered by you;
10.1.2 Unless caused by our intent or gross negligence, any loss or damage which may be incurred by you as a result of:
a. any reliance placed by you on the completeness, accuracy or existence of any advertising, or as a result of any relationship or transaction between you and any third party (including without limitation any service provider approved by us) on or through the Digital Wallet;
b. any change which we may make to the Digital Wallet or any permanent or temporary cessation in the provision of the Digital Wallet (or any features within the Digital Wallet);
c. use of any service provided by us in the Digital Wallet;
d. malfunction of the Digital Wallet;
e. your failure to provide us with accurate information; and
f. any fraudulent use of the Digital Wallet or attempt for fraudulent use by you or third parties related to you.

10.2 We do not assume any responsibility for the information provided by you or other persons to any third parties upon which we cannot influence or control in any way. You acknowledge and agree that we are not liable for any damages or claims resulting from your use or visit on third parties’ websites.

10.3 You agree that you are fully responsible for (and that we have no liability to you or any third party for) any breach of your obligations under the Terms and for the consequences (including any loss or damage which we may suffer) of any such breach.

10.4 The mobile application for Binance Swipe Card for smart devices is available for downloading only for certain smart devices as described in the Terms and we are not liable for lack of availability of the service on mobile or smart devices, or inability to download or use the services via a particular smart device, or lack of the service or part of the service, because of lack of Internet, mobile operator services (such as SMS or other) or hardware specifics or problems.

11. Indemnification and Release

11.1 You agree to indemnify and hold us, our affiliates, and service providers, and each of our or their officers, directors, agents, joint venturers, employees, and representatives harmless from any claim or demand (including attorneys’ fees and any losses, fines, fees, or penalties imposed by any regulatory authority) arising out of your breach of these Terms, or your violation of any law or regulation.

11.2 For the purpose of this Section 11, the term “losses” means all net costs reasonably incurred by us or the other persons referred to in this Section 11 which are the result of the matters set out in this Section 11 and which may relate to any claims, demands, causes of action, debt, cost, expense or other liability, including reasonable legal fees (without duplication).

11.3 “Indemnify” means to compensate someone for the harm or loss they may suffer. If you breach these Terms or violate the law and it results in us facing claims or expenses, you agree to cover those losses.

11.4 If you have a dispute with one or more users or third parties, you release us (and our affiliates and service providers, and each of our and their officers, directors, agents, joint ventures, employees, and representatives) from any and all claims, demands, and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes. If you have a dispute with anyone other than us, you release us from liability associated with that dispute.

12. Amendments and Revisions

12.1 You agree that we may amend or revise the Terms from time to time by publishing them on the Platform.

12.2 You understand and agree that you will be deemed to have accepted the amendments and revision unless you terminate the Terms as set forth in Section 8.2.

12.3 Nothing in this Section 12 will limit our right to update and revise the Terms and our policies from time to time or to add new features to the Digital Wallet from time to time without prior notice, which may be accepted by you by using the new feature. Such revisions may take place using a method chosen at our discretion, and such a method may also include email communication or publication on the Platform.

12.4 We may introduce innovations, improvements, developments, new functionalities to be provided by us or other service providers to the Digital Wallet, or amend the names, logo or features of Digital Wallet unilaterally and without your consent, for which we shall inform you via email, or the Platform.

13. Communications and Notices

13.1 All information will be made available or provided to you in an easily accessible manner, in English and other languages supported by us.

13.2 You agree that we may send notices and other communications to you via the Platform, email or other reasonable means to any matter relating to your use of the Digital Wallet, including the Terms (and revisions or amendments to the Terms), notices or disclosures regarding the Digital Wallet.

13.3 You agree that all communications in connection with your using the Digital Wallet shall only be sent to us via the designated email address

(support@binance.com)
.

13.4 In the following urgent cases, you have to notify us immediately without delay:

13.4.1 Notification of loss, theft, unauthorized use or security breach;
13.4.2 Notification of your disagreement with the amendment or revision of the Terms and wish to terminate the Terms.

14. Miscellaneous

14.1 Force Majeure. We shall not be liable for any failure or delay in the performance of our obligations under these Terms or any unavailability thereof that is due, in whole or in part, directly or indirectly to any Force Majeure events, which is beyond our reasonable control.

14.2 You and we agree to resolve any claims relating to this Agreement (including any question regarding its existence, validity, termination, or any services or products provided and any representations made by us) through final and binding arbitration. You agree first to allow us to resolve any claims by contacting us at:

Email:

card.disputes@binance.com


Mail:

Swipe Wallet Ltd

1 Burwood Place, London

United Kingdom W2 2UT

If we are not able to resolve your claims within 60 days of receiving the notice, you may seek relief through arbitration or in the Small Claims Tribunals of Singapore (“SCT”). Either you or we may submit a dispute for final, binding resolution by arbitration under the arbitration rules of the Singapore International Arbitration Centre (“SIAC”), which are deemed to be incorporated by reference. The arbitration tribunal shall consist of a sole arbitrator to be appointed by the President of SIAC. The language of the arbitration hearings shall be English, and the seat, or legal place, of arbitration, shall be Singapore.

14.3 This Agreement shall supersede any provisions in the Cardholder Agreement to the contrary or inconsistent.

Fees Schedule

We are entitled to charge you the following fee(s) in accordance with provisions of the Terms:

CARD FEE

Item
Rate
Base
Deducting Time
1
Transaction fee (for each transaction between the Client and the respective merchant) *
0.9%
finally settled transaction amount
when you make a given transaction with the respective merchant
2
European & International purchases (non Euro)
0% of the transaction value
finally settled transaction amount
when you make a given transaction with the respective merchant or ATM
3
Card Replacement Fee (to replace your physical card and postage to your residence)
€25
one-time charge to replace card
when your replacement card is ordered

* The Transaction fee is deducted when you make a given transaction with the merchant and shall be non-refundable under any circumstances whatsoever, including but not limited to chargeback and reversals.