WME EU License Notice
Important information regarding your WME Account, we’re moving you to a new European entity.
As you may probably know, the UK has left the EU on 31-01-2020, with the transition period ending on 31-12-2020, and as a UK company we've been looking at ways for you to keep receiving services currently provided to you by WebMoney Europe LTD, without any disruption.
Right now our services (“Services”) are provided to you through WebMoney Europe LTD, an FCA regulated entity in the UK. On 01-01-2021, your agreement with us will be terminated and, in order for you to keep receiving the same services, a new agreement will need to be agreed between yourself and a European legal entity called Nobel Financial Ltd (“Nobel”), which is licensed by the Malta Financial Services Authority (MFSA) as a financial institution in terms of the Financial Institutions Act, Chapter 376 of the Laws of Malta.
New terms and conditions
Prior to the said transfer all our customers will be required to accept the new Terms and Conditions (“Nobel T&Cs”) which will regulate the terms on which Nobel will provide you with the Services. The Nobel T&Cs will be provided before the transfer takes place.
If you accept the new Nobel T&Cs and/or if you do not close your WME Account held with WebMoney Europe LTD (“Account”) by the Cut Off Date (as defined below), the following will occur automatically:
1. On the 31-12-2020 at 23:59:59 GMT:
a. The agreement/terms and conditions in place between you and WebMoney Europe LTD will be terminated;
b. All balances in the Account(s) held by WebMoney Europe LTD will be transferred to Nobel which will hold the same in a bank account in the name of Nobel;
c. All customer/personal information held by WebMoney Europe LTD will be transferred to Nobel; and
2. All the Services will be provided to you by Nobel as from the 01-01-2021 in terms of the Nobel T&Cs.
Unhappy for any reason?
If for any reason you are not happy with the above changes, you can close your Account held with WebMoney Europe LTD any time before 31-12-2020 (“Cut Off Date”) and withdraw your funds (“Funds”) from your Account using one of the available withdrawal methods.
You may also close your Account held with Nobel at any time on or after 01-01-2021 and withdraw your Funds from your Account using one of the available withdrawal methods
WebMoney Europe LTD.