Globra Group together with GAMB offers GLMall, a technical system and marketplace for online shops allowing for transactions in either fiat or crypto. For fiat payments, online shops can link their products back to their online shop (example: Gambio, Shopify, etc) for order payment and order processing. GLMall also allows crypto payments using GMB and its parallel coin GMBT. For this payment flow, the system uses GAMB wallets and swapping portals integrated into GLMall. All processes regarding crypto payments are under the sole responsibility of GAMB Power to the MERCHANTS.
The responsibility of Globra is limited to providing correct data from the GLMall system to allow all involved parties to execute these transactions.
All crypto payments on GLMall are under the sole responsibility of GAMB.
All further details on operating the related wallets and swapping portals are described in the associated tutorials.
GAMB is executing the orders on the GLMall Marketplace for all purchases placed in crypto by the related parties. All parties involved agree to have understood the terms and conditions and, by using the system, expressly accept such terms and conditions unconditionally.
MERCHANTSregistered on GLMall operate their online shop directly in GLMall or integrate an existing online shop portal. On a standard fiat transaction, clicking on the product offer links back to their online shop for order standard order execution. In addition to the standard fiat transactions, MERCHANTScan offer some or all of their products or services for payment in crypto.
By enablingcrypto payments, the MERCHANT accepts and unconditionally agrees to the Terms and Conditions of the order execution and deduction of fees as follows:
All transaction details such as the amount paid in GMBT and any applicable deductions will be listed and shared through the GAMB Admin Panel.
The MERCHANT accepts that the price for any given product or service if paid in GMBT, is calculated from the rate between the actual fiat price listedand the GMB,determining the current equivalent value in GMBT. This is the price the Merchant will receive for the transaction less the agreed transaction fee. As of time of sale, the MERCHANT carries all risk and benefit resulting from possible value fluctuations of the GMB / GMBT.
Before starting to sell in crypto through the GAMB System, a MERCHANT must be authorized by GAMB. This process is automated but IF GAMB feels that there are any irregularities or other reasons for concern, GAMB is free to reject or cancel this authorization at any time.
Using the GAMB Crypto payment services, a MERCHANT unconditionally agrees to the conditions and procedures outlined inSection2.
To receive funds, the MERCHANT must provide and maintain updated a GMBT wallet, data and address within their GLMall profile.
The MERCHANT declares that all information about them, their company such asaddress, e-mail address, businessdetails, financial information, taxation, wallet, and banking data is correct, and all changes will be updated in a timely manner to ensure accurate record keeping.
The MERCHANT will be solely liable for all tax-related issues and consequences resulting from and related to this data, including but not limited to his country's legal and tax authorities.
The MERCHANT is also responsible for providing a correct and complete invoice to the BUYER upon order execution.
Incorrect data and information as well as failure of payment of amounts due to GLMall, will lead to immediate suspension of the status as GAMB MERCHANT. As a result of suspension, a MERCHANT will no longer be receiving outstanding revenues as they will be kept in escrow until active status is reestablished.
All terms and conditions, including those of GLBrain in their original version and as accepted during registration, are part of these special conditions.
BUYERS need to register on GLBrain / GLMall if they want to use crypto as a form of payment.
By utilizing the crypto payment option and engaging with crypto offers of a MERCHANT, BUYER assumes and unconditionally agrees to the Terms and Conditions of the order execution and deduction of fees as follows:
BUYER accepts the purchasing price to be transferred to the MERCHANT after executing the business as defined under Section 2 of these terms.
If the business fails, the GMBT will be returned to him after deduction of the service fee.
BUYERS using the GAMB Crypto payment services unconditionally agree to the conditions and procedures as outlined in Section 2.
To receive funds, theBUYERmust give and maintain correct GMBT wallet data.
Any funds to be returned to the buyer because of an unsuccessful transaction will reflect the price in GMBT at the time of purchase not the price/value of GMBT at the time of refund.
The BUYER declares that all information about him, his address, the e-mail address, and the GAMB wallet are correct, and all changes shall be updated in a timely manner. Furthermore, the BUYERwill be solely liable for all tax-related issues and consequences resulting from and related to this data, including but not limited to his country's legal and tax authorities.
Incorrect data and information will lead to immediate suspension of the status as GAMB BUYER and will remove all privileges of using the crypto payment system.
The BUYER gets all order related information once the transaction is complete. Additionally, the MERCHANT is obliged to provide the BUYER with a formal and correct invoice according to the country's legal regulations in which the MERCHANT operates its business.
Also, suppose legal regulations outline certain rights to the BUYER, such as the right to cancel the order/transaction without any reason within a given time period after delivery, the MERCHANT must comply with such regulations. Failure to comply will lead to being suspended from the system.
These Special Terms and Conditions apply to all users registering as AGENTS / INFLUENCERS.
By accepting these Terms and Conditions, the AGENT /INFLUENCER agrees as follows:
The AGENT declares that all information about him, the company, business, address and e-mail, financial, taxation, and banking data is correct, and all changes will be updated in a timely manner. The AGENT will be solely liable for all tax-related issues and consequences resulting from and related to this data, including but not limited to his country's legal and tax authorities. Incorrect data and information will lead to a temporary or permanent suspension of the status as AGENT /Influencer. Inaccurate data will lead to non - payment of amounts due.
To receive funds, the AGENT must give and maintain up to date GMBT wallet data.
The AGENT will be entitled to receive the following commission on purchases generated on the three levels of his multi-level marketing (MLM) chain, which are all based on the prices paid in GMBT on the GAMB Marketplace.
The commission becomes due only once the transaction is fully executed. The system will deduct the applicable commission from the price during transfer of the funds to the MERCHANT.
GAMB reserves the right to change the “levels” and related percentages of commission at any time and its sole discretion and subject to a three-month notice to all AGENTS. The AGENT can monitor his commission levels, associated users, and the related income on their own administration page.
The AGENT status in principle is indefinite, but GAMB reserved the right to terminate this at any time at its sole discretion for any reason. A service charge will be deducted from every commission payment.
All order execution is done directly between the MERCHANT and the BUYER. GLMall does not charge any fees for order execution or bears any related responsibility. The GAMB MLM System only applies for crypto payments.
The GAMB MERCHANT needs to apply for and be accepted by GAMB in order to offer and accept crypto payments for products and services on GLMall. In addition, the MERCHANT can enable AGENTS/ INFLUENCERS to sell all or a selection of products to promote on GLMall.
AGENTS/INFLUENCERS can filter products and services by availability and can earn commission on sales as outlined in section 1.5.
For products and services offered to be paid in crypto or fiat, the BUYER can select to either pay in Fiat or GMBT. Upon selecting the crypto option, the system recalculates the fiat price into the current price of GMB / GMBT. Once the order has been placed, the GMBT funds are transferred into an escrow wallet of GAMB while the BUYER remains the legal owner of the GMBT funds until the transaction is fully executed.
If the deal is not successful, the system will return the paid GMBT funds to the BUYER less transactions fees of 6%. These fees will be the responsibility of the merchant who was not been able to deliver the service or product to be refunded to the buyer within 28 days.
The MERCHANT receives all information about the business, and the GMBT funds paid. The MERCHANT is obliged to ship the purchased goods and declare to the BUYER that the product or service was dispatched.
Once the BUYER receives the purchased item, he/she is obliged to declare receipt and simultaneously initiate the final GMBT transfer to the MERCHANT (and all other parties involved in the transaction) out of the escrow wallet.
If the BUYER does not receive the purchased item within four 28 days from the MERCHANT’s declaration of shipment, or the item is of inadequate quality, the BUYER must dispute the transaction within those 28 days.
If the BUYER does not dispute this transaction within 28 days, the transaction is automatically deemed successful and the related GMBT funds, minus applicable deductions, will be paid to the MERCHANT.
In case the BUYER disputes the execution of the business, the MERCHANT has the chance to settle the dispute with the BUYER through direct product related communication on the GLMall platform.
If the MERCHANT and the BUYER find a resolution for the transaction, the MERCHANT will receive the GMBT upon settlement.
If the MERCHANT fails to reach an agreement, the BUYER agrees with the refund of the GMBT after deduction of a service fee (GAMB Execution Fee) which will return the GMBT funds to the BUYER. From there, it is left to the MERCHANT and the BUYER to settle any dispute between themselves. There is no further responsibility of GAMB or the system provider GLOBRA.
Suppose legal regulations allow the BUYER special rights, such as the right to cancel the transaction without any reason within a given period after delivery. In that case, the MERCHANT must comply with such regulations and return the paid GMBT funds to the BUYER's GMBT Wallet without delay. Failure to comply may lead to being from the system.
These Terms and conditions cover the use of crypto payments service on GLMall. By registering as a Crypto BUYER, MERCHANT or AGENT you agree to the terms and Conditions set forth in this agreement. If you no longer wish to be bound by these Terms and Conditions you need to discontinue the use of this service.
By accepting these terms and conditions you also acknowledge you have read and accept all terms and conditions of each individual seller listed in any given order. Individual seller terms and conditions can be found on the seller’s official shop page under the “Info” section.
For frequent updates and offers please subscribe to our newsletter!
Powered by Google Translator
Copyright @2023. All rights reserved.