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Auctionchex.com e-money agreement
E-money systems such as Paypal and Nochex charge the recipient a fee to receive a payment, thus for us to exchange and forward monies sent in this manner to the payment recipient we must take into account those fees, therefore: You agree that if an e-money payment method to Auctionchex.com is selected, that value will be reduced by an averaged *3.50% to take into account the fees charged by that e-money payment processor. You also agree that an e-money transaction with auctionchex.com is classed as a non tangible item. The payment type will be a 'service' and as such is not a transaction that a chargeback via your credit card provider and/or Paypal Buyer Complaint can be created upon, except in the normal course of business, where an unlikely non performance action by Auctionchex.com occurs, where we fail to forward or action a payment instruction. You also agree that Auctionchex.com is acting only as a trusted third party in respect of providing a service only in the sending of monies and the receiving of monies on behalf of its clients. You also agree that Auctionchex.com is not the Merchant of Service in relation to the intended use of the outgoing payment, you are purchasing a 'negotiable financial instrument' only.
*Calculated average cost to accept a payment via e-money (Paypal=3.4% + £0.20 GBP)
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