Terms of Use
The following Account Agreement describes the terms and conditions in which you
have access to the services of Mexican Gold.
This agreement outlines your rights and responsibilities. You should read it
carefully.
By clicking on the "SIGN ME UP" button on the Registration page, you
accept the terms and conditions set forth below and assert that the information
you entered is truthful and correct.
I. Description of the Mexican Gold service:
Mexican Gold provides a platform that facilitates financial transactions
(“Payments”) for members of Mexican Gold (“Members”) in the following ways:
1. Mexican Gold will transfer a Payment from the Mexican Gold account of a
Payment sender (“Sender”) to the Mexican Gold account of a Payment recipient
(“Recipient”) upon electronic notification with a Payment Request. A member
initiates a Payment Request from his personal Mexican Gold Account pages on the
Mexican Gold web site by making a Payment Request to a Recipient.
2. Upon electronic notification of a Payment Request, and if the Sender’s Mexican
Gold Account Balance is greater than or equal to the amount of the Payment,
transfer of funds commences immediately.
3. Electronic notification of a Payment to both the Sender and the Recipient
occurs immediately when a Sender initiates a Payment and the Sender’s Mexican
Gold account balance is greater than or equal to the amount of a Payment.
4. Recipient will be able to spend any money received from a Sender when Mexican
Gold sends electronic notification of a Payment and transfers funds to the
Recipient.
5. The minimum transaction amount for payments between Members is 1 Mexican
peso or 1 US cent.
6. Requested transfers once completed are final and non-reversible.
7. A User may add funds to his Mexican Gold account by requesting an electronic
debit to the User’s bank account or by mailing a physical check to Mexican Gold
at its corporate offices.
Payments received by Mexican Gold in the form of electronic debits or checks
must clear before funds are made available to the User. Returned debits and
returned checks will be subject to a US $25.00 fee.
8. A Member may elect to withdraw all or part of the balance of his or her
Mexican Gold account by direct deposit into the Member’s bank account or by
physical check sent to the Member’s street address. Direct deposits to a Member’s
bank account will only be processed after proper authorization has been received
by Mexican Gold. Such authorization will require verification of the Member’s
email address, bank routing number and bank account number. Physical checks will
only be issued upon verification of the Member’s email address. Mexican Gold
will charge a commission of 5% of the value of the withdrawal. The first
withdrawal each month, and a second withdrawal each month for new accounts for
their first six months when the minimum account balance for the previous 30 days
is greater than US $1000, are FREE of commission.
II. Responsibilities of Users
In order to become a User of Mexican Gold, you must register online. You must
also read and agree to the terms and conditions of this agreement, including:
1. You must provide Mexican Gold with valid and accurate information. You must
be at least 18 years of age. Mexican Gold reserves the right to terminate
accounts or any account containing untruthful information.
2. You agree that you will not attempt to initiate any Payment for amounts above
your then-current Mexican Gold balance. If you breach the terms of this paragraph,
Mexican Gold will reject your Payment and you will be solely responsible for the
consequences of this rejection.
3. If you request an electronic debit from or direct deposit to your bank account,
you will provide an initial authorization in accordance with our instructions.
After an initial authorization is received, you agree that we may access your
bank account at any time you instruct us to make a transfer to or from your bank
account.
4. You are responsible for confirming the identity of the other party when making
a payment.
5. You consent to have your name and email address made available as
identification to anyone whom you have paid or who has paid you through Mexican
Gold.
6. If you are a Recipient, you assume all risks in accepting payments from
Senders.
7. You are fully responsible for any goods bought or sold or any services
provided by or to another Member and settled through the Mexican Gold system.
Any disputes that arise between Members relating to payments made, goods or
services purchased, or any other transactions between members are not the
responsibility of Mexican Gold.
8. All members warrant that they will not use Mexican Gold to engage in any
activity prohibited by applicable law. Violation of this provision will result
in immediate termination of Mexican Gold membership.
9. If you request that Mexican Gold transfer money to or from your bank account,
you will provide Mexican Gold with an authorization to access your bank account
in accordance with our instructions.
10. You acknowledge that the Mexican Gold service and Mexican Gold, are not a
bank, that Mexican Gold accounts are not insured by any government agency, that
interest earned on all funds will be the property of Mexican Gold.
11. You acknowledge that Mexican Gold is not an escrow service, and understand
that Mexican Gold does not make any endorsements, representations, or guarantees
regarding any product or service offered by the members of Mexican Gold. You
acknowledge that Mexican Gold does not ensure the quality, safety, or legality
of the goods or services received, nor that the seller will even ship the
merchandise.
12. You may not divulge your password to anyone else, nor may you use anyone
else’s password. Mexican Gold is not responsible for losses incurred by Members
as the result of misuse of passwords.
13. If you use, or attempt to use the Mexican Gold service for other purposes
including but not limited to tampering, hacking, modifying or otherwise
corrupting the security or functionality of Mexican Gold, your Mexican Gold
account will be terminated and you will be subject to damages and other
penalties, including criminal prosecution where available.
14. If you do not access your Mexican Gold account for a period of five years,
it will be terminated, in compliance with applicable laws regarding unclaimed
property.
15. You agree to indemnify and hold Mexican Gold, its affiliates, officers,
directors and employees harmless from any claim or demand whatsoever relating
to or arising out of the Mexican Gold service.
16. This Account Agreement is governed by the laws of Belize.
III. Responsibilities of Mexican Gold
1. Mexican Gold reserves the right to verify any of the information you provide.
2. Mexican Gold shall make reasonable efforts to ensure that requests for
electronic debits and credits involving bank accounts and check issuances are
processed in a timely manner. However, a number of factors, several of which are
outside of our control, will contribute to when the funds are received. We make
no representations or warranties regarding the amount of time needed to complete
processing, such as delays in the banking system or the mail service, nor shall
we be liable for any actual or consequential damages arising from any claim of
delay.
3. Mexican Gold shall not be responsible for payments made to unintended
Recipients due to the input of incorrect information by Senders, nor shall we be
responsible for the verification of the identity of Members.
4. Mexican Gold shall not be liable for any damages of any kind arising out of
or in connection with this account agreement, the Mexican Gold web site, or
Mexican Gold service.
5. Mexican Gold reserves the right to hold funds beyond the normal distribution
periods for transactions it deems suspicious.
6. Mexican Gold, in its sole discretion, may terminate this Agreement, access
to its web site, or access to the service without notice for any reason and at
any time.
7. Mexican Gold retains all right, title, and interest in and to trademarks.
Users shall only use Mexican Gold trademarks with the express permission of
Mexican Gold. Users shall not use the trademarks in any manner that is
disparaging to Mexican Gold. Under no circumstances may a User alter, modify, or
change Mexican Gold's trademarks.
This Agreement is subject to change at any time without notice.