WebitPay SERVICES TERMS & CONDITIONS

Webit Card Issuer General Terms and Conditions

Last Updated: March 2025

Please read these Terms and Conditions ("Agreement") carefully. This Agreement governs the issuance and use of card products offered by Webit Information Technology Limited ("Webit", "we", "us", "our"), in collaboration with our issuing partner Reap Technologies Limited ("Reap").

By applying for, receiving, activating, or using a Webit card (physical or digital), you ("User", "you") agree to comply with these terms, our Privacy Policy, and any other agreements or policies applicable to our services.

1. Definitions
   “Card” refers to the physical or digital payment card issued by Reap through Webit, which may be used for legitimate payment transactions online or offline, where accepted. “Account” means the electronic money account associated with your card. “User” refers to the individual or legal entity authorized to use the Card.
2. Scope and Acceptance
   These terms apply to all users of the Webit card. By accessing or using our services, you agree to be legally bound by these Terms and Conditions, which may be amended from time to time. Continued use of the card following changes constitutes acceptance.
3. Eligibility
   To be eligible for a Webit card, you must:

• Be at least 18 years of age or the age of majority in your jurisdiction.
• Complete Know Your Customer (KYC) and any verification procedures as required.
• Not be subject to any sanctions or prohibited from accessing financial services.

1. Card Description
   The Webit card is a non-credit, reloadable payment product issued by Reap. It allows you to perform purchases where supported, both online and offline. The card does not provide overdraft or credit features.
2. Account Funding
   You must ensure your account holds sufficient funds before initiating any transactions. All top-ups must originate from legitimate sources and may be subject to compliance checks.
3. Prohibited Uses
   You may not use the card for:

• Gambling, betting, or lottery-related transactions
• Adult entertainment services
• High-risk financial services
• Cryptocurrency exchanges (unless specifically permitted)
• Illegal goods or services
• Transactions in jurisdictions under trade sanctions

Webit and Reap reserve the right to block, reverse, or investigate any suspicious transaction.

7. Fees and Charges
   A schedule of fees, if applicable, will be made available on our website. Third-party service fees (e.g., ATM, FX conversion) may apply. Webit may revise its fees with prior notice.
8. Cardholder Responsibilities
   You agree to:

• Use the card in accordance with this Agreement
• Safeguard your card credentials and access information
• Report lost, stolen, or compromised cards immediately
• Ensure all personal information on file remains accurate and up to date

You are fully responsible for any activity under your account unless otherwise protected by law.

9. Security and Fraud Prevention
   Webit uses commercially reasonable measures to protect your account. However, you are responsible for maintaining the confidentiality of your access details. You must notify Webit immediately in case of unauthorized access or suspicious activity.
10. Transaction Disputes and Refunds
    For unauthorized or erroneous transactions, please contact the merchant first. If unresolved, you may raise a claim with Webit for further assistance. Webit will liaise with Reap and applicable networks on your behalf, subject to eligibility and timelines.
11. Suspension and Termination
    We may suspend or terminate your account with or without notice in the event of:

• Regulatory or compliance violations
• Fraudulent, abusive, or prohibited use
• Refusal to complete KYC or verification steps
• Inactivity over a defined period

Remaining funds may be returned in accordance with applicable law.

12. Limitation of Liability
    Webit shall not be liable for:

• Indirect, incidental, or consequential damages
• Merchant-related disputes
• Delays or failures caused by external networks or payment platforms
• Actions taken in compliance with applicable law or regulator requests

12. Communications and Notices
    By using our services, you consent to receive electronic communications from us. Notices may be delivered via email or via the Webit platform.
13. Data Protection
    Your data will be processed according to Webit’s Privacy Policy, available at: https://www.webitpay.net/privacy. By using our services, you agree to our data collection and handling practices.
14. Amendments
    Webit may update this Agreement at any time. Updated versions will be published on our website, and we recommend checking regularly for changes.
15. Governing Law
    These Terms shall be governed by the laws of Hong Kong SAR. Any dispute arising from these Terms shall be resolved in the courts of Hong Kong.
16. Contact Information
    Webit Information Technology Limited
    Email: support@webitpay.net
    Website: https://www.webitpay.net

Card Issuer: Reap Technologies Limited
Website: https://reap.global/

Webit Google Pay Terms and Conditions

These Terms and Conditions (“TnCs”) govern the use of Webit digital cards issued by Reap Technologies Limited (“Reap”), when added to and used via Google Pay. By activating and using your Webit digital card in Google Pay, you agree to be bound by these TnCs, as well as the general terms of service and privacy policies of both Webit Information Technology Limited (“Webit”) and Reap.

1. Card Eligibility and Activation
   The Webit digital card may be eligible for Google Pay depending on your device compatibility, regional availability, and your agreement with Webit. To activate the card, you may be required to verify your identity and/or complete a one-time password (OTP) authentication. Webit reserves the right to approve or deny any card activation request without obligation to provide a reason.
2. Use of Google Pay
   Once added to Google Pay, the Webit digital card can be used at merchants that accept Google Pay for contactless and online transactions. Availability may vary by merchant, location, and transaction amount limits. Google Pay functionality is dependent on Google’s software and services, and Webit shall not be liable for any Google system downtime or service interruption.
3. Fees and Charges
   Webit does not charge any additional fees for using the digital card through Google Pay. However, standard network fees, third-party charges, or charges imposed by Reap may apply. Any such fees will be disclosed in accordance with applicable regulations or Reap’s terms.
4. Device Security and User Responsibility
   You are solely responsible for maintaining the security of your Android device and ensuring biometric or passcode authentication is enabled. Do not share your device with unauthorized users. If your device is lost, stolen, or compromised, you must notify Webit immediately to suspend or revoke access to your card.

Webit and Reap are not responsible for unauthorized transactions made through your Android device unless otherwise stated by applicable laws or card network rules.

5. Prohibited Activities
   You agree not to use the Webit digital card through Google Pay for any unlawful, fraudulent, or prohibited purposes. This includes but is not limited to:

• Online or physical gambling
• Darknet or restricted content purchases
• Money laundering or terrorist financing
• Use in jurisdictions under sanctions or legal restrictions

Webit reserves the right to suspend or terminate your card usage if such violations are suspected.

6. Refunds, Disputes, and Liability
   All disputes regarding purchases made through Google Pay must be directed to the merchant first. In cases where resolution is not achieved, you may contact Webit for support. Webit will coordinate with Reap as the card issuer, but does not guarantee dispute reversal unless required by law or network policy.

Please note that transaction values shown within Google Pay may not reflect the exact final charged amount due to currency conversion, processing lags, or merchant adjustments. The final amount posted to your transaction history or account statement shall be considered accurate and binding.

7. Privacy and Data Use
   By using Google Pay, you acknowledge and agree that Webit and Reap may collect, store, and process your data in accordance with their respective privacy policies. Google may also collect data as outlined in its own policies. Webit’s Privacy Policy is available at: https://www.webitpay.net/privacy-policy/
8. Termination
   Webit reserves the right to revoke Google Pay functionality for your card at any time, with or without notice, in accordance with its compliance and risk obligations. If your Webit account is closed or restricted, access to Google Pay may be automatically removed.
9. Contact Information
   If you have questions, encounter issues, or need assistance, please contact us at:
   Email: support@webitpay.net
   Website: https://www.webitpay.net
10. Card Issuer Information
    The Webit digital card is issued by Reap Technologies Limited, a licensed financial services provider.

Last updated: April 2025