Mobilly payment service contract regulations (corporate) | Mobilly

Mobilly payment service contract regulations (corporate)

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Version 8 In force as of 8 May, 2022

 

1. Contract terms and definitions

1.1. Mobilly– Sabiedrība ar ierobežotu atbildību Mobilly (Limited Liability Company Mobilly), uniform registration No 40003654405, who acts as an authorised electronic money institution with trade mark Mobilly.

1.2. Merchant– a business operator that sells goods or provides services and receives funds via Mobilly for the sold goods or provided services.

1.3. Contract– Mobilly payment service contract and these Mobilly payment service contract regulations (or their amendments in force or new wording).

1.4. Regulations– these Mobilly payment service contract regulations.

1.5. Client– an entity, that has concluded a Contract with Mobilly and whose data have been indicated in Clause 2 of the Contract.

1.6. Credit limit – amount granted by Mobilly, in which the Client and its Users can make transactions without prepayments.

 1.7. Payment account – an account opened for the Client in Mobilly system that records the Client’s payments (transactions) when purchasing the Merchant’s products or services. 

1.8. User – the mobile phone number linked with the Client’s Payment account used for performance of transactions. The Client authorises the User to conclude transactions with Merchants on behalf of the Client.  

1.9. Mobilly System – system maintained by Mobilly that records mutual transactions of the Clients, Merchants and Mobilly. 

1.10. Overdraft – a service related to the Payment account, according to which Mobilly gives the Client the opportunity to use funds that exceed the balance of funds in the Client’s Payment account. 

1.11. Identity document – passport or identity card. 

1.12. Party, Parties – Mobilly and the Client together or each of them separately. 

1.13. VAT – value added tax. 

1.14. Mobilly Automatic – type of Mobilly car park where the payment starts automatically when camera read the vehicle registration number. This type of car park charges is activated when individual Users add the particular vehicle number to the Payment account for payment. 

1.15. Agent – a person acting in his own name, but in the interests of another person (undisclosed agent within the meaning of the Civil Law of Republic of Latvia). 

1.16. Website – http://www.mobilly.lv  

 

 

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