OPTIMONEY is a licensed payment service provider authorized by The Autonomous Island of Anjouan with registration number L15912/OM
Last updated on 22 january 2025.
1.1 OPTIMONEY, a company registered in Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros, operates under an international financial license with registration number 15912 (hereinafter be referred to as the “OPTIMONEY”, “we,” “us,” or “our”, “Company”).
The Company operates the website/platform https://www.optimoney.com/ (hereinafter be referred to as the “Platform”, “Website/Site”).
These Terms of Use (collectively referred to as the “Terms”, “Agreement”) outline the rules governing your access to and use of the Platform. It is essential that you review these Terms carefully.
The terms “you,” “your,” and “user(s)” apply to anyone who accesses or utilizes the Platform in any capacity. If you access or use the Platform on behalf of a company or legal entity, you affirm and guarantee that you have the authority to bind that entity to these Terms. In such cases, references to “you,” “your,” or “user(s)” also pertain to that entity.
You confirm that you are at least the age of majority in your jurisdiction and possess the full legal capacity, authority, and ability to agree to and comply with these Terms on behalf of yourself or any company or entity for which you may use the Platform. If you are acting on behalf of an entity, you also confirm that you are legally authorized to bind that entity to these Terms.
By accessing or using the Platform, you represent and confirm that you are not listed on any Sanction Lists and are not a Restricted Person as defined herein. The term “Sanction Lists” refers to any sanctions designations on economic or trade embargo lists, or lists of specially designated or blocked persons issued by international organizations or governmental authorities, including but not limited to the sanctions lists of the United Nations, the European Union and its Member States, the United States, and the United Kingdom.
You also confirm that your use of the Platform will fully comply with all applicable laws and regulations and that you will not use the System to conduct, support, or facilitate any unlawful activities.
1.2 This Agreement sets forth the rights and responsibilities of registered users who wish to become users of the OPTIMONEY payment system (hereinafter referred to as the “Platform”).
1.3 By using the Site and/or the Platform, you indicate your agreement to these Terms, and such action constitutes your legally binding acceptance of these Terms, including any modifications that may be made by us from time to time. It is important to review these Terms periodically to stay informed about any updates or changes that might have been implemented. We will inform you about such changes by publishing the amended version of the Terms on the Website with updated “Updated” date. Your continued use of the Site and/or the Platform following any modifications signifies your acceptance of the revised Terms. If you do not agree with any part of these Terms, please refrain from using the Site and/or the Platform.
1.4 This Agreement is considered a bilateral contract, under which informational and financial services are provided to the user. However, it does not impose financial obligations on the user.
2.1 The Company enables its users to utilize virtual currency within an electronic environment. This virtual currency is equivalent to the real money deposited by the user into their account within the OPTIMONEY platform.
2.2 The Company facilitates financial operations across various formats, including Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Business (C2B), and Peer-to-Peer (P2P).
2.3 Users are provided with the ability to deposit and withdraw funds, transfer funds between accounts, and convert currencies using the internal exchange rates of the OPTIMONEY platform.
2.4 Users have the option to convert their funds into electronic equivalents of precious metals, with the corresponding amount of the metal registered in the user’s name.
2.5 Users can deposit funds into their Platform accounts and convert them into the equivalent value of precious metals at Perfect Money's internal rates.
2.6 The deposit and withdrawal of funds can be facilitated through international money transfer systems, bank transfers, or certified OPTIMONEY partners.
2.7 The Platform allows individuals engaged in e-commerce to accept payments for goods and services in OPTIMONEY currency by integrating merchant tools into their online trading platforms.
2.8 All commercial activities conducted by the company comply with the internal laws and regulations of the country in which the user operates.
3.1 Users are required to provide accurate and truthful information when using the OPTIMONEY platform. This data is used strictly for verification purposes and will not be disclosed to third parties except as mandated by the laws of the Union of Comoros. The collection and processing of this information are conducted in accordance with the Platform’s "Know Your Customer" (KYC) policy.
3.2 By accepting these Terms and completing the registration process within the Platform, users consent to the submission of their personal information and its use by the Platform for identification, notifications, and transaction-related purposes.
3.3 Users have the right to update or modify their personal information. In such cases, the System may request verification or supporting documentation to process these changes.
4.1 The account serves as the user’s personal space and is operated based on the user’s provided personal information.
4.2 Users are solely responsible for the security and management of their account, including maintaining access control. They must ensure the safe storage of their account login credentials (login and password), keep the computer used for accessing the account free of viruses or malware, and secure the email address associated with the account.
4.3 The Platform is not liable for any intentional or unintentional misuse of an account by the user, including any violations of the Platform’s Anti-Money Laundering (AML) policy or the laws of the countries in which the user operates.
4.4 By registering with the Platform system, users agree not to use the account for unlawful purposes or engage in activities that could harm the Platform.
5.1 Users bear full responsibility for all transactions conducted through their account.
5.2 By registering as a user of the Platform, you acknowledge and accept that the Platform may establish internal exchange rates for the currencies and metals in which your funds are stored as monetary units.
5.3 Only the user is accountable for any transfer or withdrawal of funds from their account, including instances of unauthorized access.
6.1 Users are not entitled to request the reversal or cancellation of any transaction they execute within the Platform.
6.2 Transactions can only be canceled by a valid court order.
6.3 Any transaction performed using an account registered in the user’s name is presumed to have been authorized by the account owner. Such transactions cannot be disputed on the grounds of non-participation by the user and are deemed to have been executed with the user’s consent.
6.4 Users are urged to exercise caution and precision in their actions, as certain operations within the OPTIMONEY system are executed with a single click.
7.1 The Platform and the company are not liable for any loss of funds incurred by the user due to system malfunctions, unauthorized access, theft, force majeure events, or any special, indirect, incidental, or consequential damages arising from the actions or inactions of third parties, including certified OPTIMONEY partners.
8.1 A user of the Platform may notify the OPTIMONEY administration at any time of their intent to close their account. Upon such notification, the account and all personal data provided during registration will be deleted following the completion of the identification process and verification that the account aligns with the user’s registered identity.
8.2 The Platform reserves the right to block or suspend an account, either temporarily or indefinitely, if there are suspicions requiring investigation until the circumstances are fully clarified.
9.1 Users agree to use the Platform solely for lawful purposes and refrain from any actions that may harm the Platform.
9.2 Users are responsible for ensuring the accuracy and currency of the information they provide.
9.3 Users commit to complying with all applicable laws and regulations governing their use of the OPTIMONEY platform.
10.1 In the event of disputes or disagreements between the user and the Platform, both parties agree to attempt resolution through negotiations.
10.2 If a dispute cannot be resolved through negotiations, it will be subject to legal proceedings in accordance with the laws of the Union of Comoros, specifically the island of Anjouan.
10.3 All notifications, requests, or communications sent by the Platform to the user are deemed valid if sent to the user’s most recently provided email address.
10.4 This Agreement takes effect upon the user’s acceptance and remains valid until terminated.
10.5 The Platform retains the right to amend this Agreement at any time. Users will be notified of such amendments through announcements on the OPTIMONEY Website or via email.
10.6 Continued use of the Platform following notification of changes indicates the user’s acceptance of the updated terms.
10.7 This Agreement is governed by and interpreted under the laws of the Union of Comoros, specifically the island of Anjouan.
10.8 If any provision of this Agreement is determined to be invalid or unenforceable, the remaining provisions will continue to be in effect.
11.1 Exchangers are third-party entities that offer exchange services to OPTIMONEY users. These services may include transactions to and from other payment systems, cryptocurrencies, or local payment methods. Exchangers typically provide a wide range of services tailored to the specific financial environments in which they operate.
11.2 OPTIMONEY operates as an exchanger-based system, meaning that the majority of deposits and withdrawals to and from OPTIMONEY accounts are processed by third-party exchangers.
11.3 OPTIMONEY does not guarantee the performance or reliability of exchangers. Since exchangers operate independently and are not under OPTIMONEY's control, the Platform is not liable for any damages or financial losses incurred while using third-party services, even if the exchanger is listed in the certified partner directory.
11.4 Any disputes between users and exchangers must be resolved directly through communication between the user and the respective exchanger.
12.1 The Credit Exchange operates as a peer-to-peer platform, enabling users to lend funds to other users. OPTIMONEY does not provide any guarantees regarding the repayment of loans issued through this Platform.
13.1 Investing in digital assets involves a high level of risk, which is not present when dealing with traditional financial instruments and other assets. The value of digital assets is prone to sudden and significant changes, and past performance is not a guarantee of future performance when compared to other digital assets or fiat currencies.
13.2 By accessing the Platform and using our services, you hereby acknowledge and agree that:You understand the risks associated with transacting in digital assets;You assume full responsibility for any risks involved in using our Platform; andOPTIMONEY shall not be held liable or responsible for any risks or negative outcomes arising from your use of our services.
14.1 OPTIMONEY provides the Site and Platform with reasonable care and skill. However, OPTIMONEY makes no representations or warranties, whether express or implied, and assumes no liability or responsibility for the proper performance of the Site and/or the Platform.
14.2 The user acknowledges and agrees that their use of the Site and/or the Platform is at their own risk, provided they have been provided using reasonable care and skill. To the extent permitted by law, OPTIMONEY disclaims all warranties, whether express or implied, including but not limited to: the availability or uninterrupted operation of the Site and/or the Platform;the absence of viruses or other harmful components from the Site and/or the servers that make them available;the provision of financial, investment, tax, or legal advice;the brokering of transactions on behalf of the user.
14.3 The user is solely responsible for determining the appropriateness of any transaction, considering their financial and investment resources, plans, and tolerances.
14.4 By accessing Platform and/or the Site, the users warrant and represent to OPTIMONEY that: they have the legal capacity to agree to and be bound by these Terms;these Terms constitute a valid, binding, and enforceable contract;their entering into and implementation of these Terms is in full compliance with applicable laws;you are at least the age of majority;they understand that dealing in digital currency is highly experimental and contains inherent risks;they are aware of and understand the risk of incurring losses in the course of, or as a result of, their use of the Platform.
14.5 Each of the user's warranties is separate, material, and continues and remains in force irrespective of the status of their account. The user's warranties are not limited or restricted by inference from the terms of any other warranty or by any other words in these Terms.
15.1 OPTIMONEY shall not be liable for any loss arising other than as a result of its own negligence, or willful default, if any, and, in any event, will not be liable for any direct or any indirect consequential loss (including loss or profit). OPTIMONEY shall have no liability for any market or trading losses you may incur.
15.2 To the maximum extent permitted by law, in no event shall OPTIMONEY, its affiliates, licensors, and business partners, be liable to the user for any losses, indirect or consequential losses, or for any loss of profit, revenue, contracts, data, goodwill or other similar losses arising out of or in any way connected with access to or use of the Site, the OPTIMONEY and/or Platform, even if we and/or affiliates, licensors, and business partners have been advised of the possibility of such damages. OPTIMONEY shall be under no obligation to inquire into, and shall not be liable for, any losses incurred by the user or any other person as a result of the maintenance, transfer, receipt or delivery of fraudulent, defective or otherwise impaired digital currency. OPTIMONEY does not provide, nor does OPTIMONEY accept responsibility for, legal, tax or accounting advice.
15.3 OPTIMONEY shall not be liable for any financial loss suffered by you unless this results from the negligence, fraud or willful default of OPTIMONEY or from breach by OPTIMONEY of applicable laws and regulations. We reserve the right to decline to execute any order/transaction for you, for any reason whatsoever. The value of your investments and the income arising therefrom may decrease as well as increase. We shall not be held liable for any loss incurred by you arising from changes in market conditions or market fluctuations. If any provision of these Terms is or becomes invalid or contravenes any rules or regulations, the remaining provisions shall not be invalidated.
15.4 The indemnity set out in these Terms is in addition to, and not in lieu of, any other remedies that may be available to OPTIMONEY under applicable law.
15.5 Without limiting the foregoing, in no case shall any liability OPTIMONEY does have for losses the user suffers arising under these Terms from any services shall not, in respect of any 6-month period (calculated from the date relevant services are provided), exceed the charges payable by the user for the relevant services in that 3-month period.
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