Terms and Conditions for Online Installment Payment of Goods and Services
(Effective from October 1, 2013 onwards)
In these Terms and Conditions for Online Installment Payment of Goods and Services, if not otherwise provided herein:
" Company " means AYUDHYA CAPITAL SERVICES COMPANY LIMITED
" Card " means A credit card or loan card issued by the Company to the Service User
" Service User " means A person approved by the Company for the service of online installment payment of goods and services
“ Terms and Conditions for Online Installment Payment of Goods and Services ” means The Company’s internet network service via systematic and technological equipment of several forms for the convenience of the Company’s customers in making online installment payment for goods/services.
General Terms and Conditions
The Service User agrees to make online installment payment for goods/services in accordance with the details of services specified by the Company and agrees to be bound and complies with the following terms and conditions.
The Service User agrees to comply with the following instructions and conditions stipulated by the Company for the use of the service as follows:
For the initial use of service, the Service User shall register according to the procedures and conditions specified by the Company. The Service User shall study the terms and conditions of the service and click “Accept”. The system will then send a security password, OTP (One Time Password), via SMS to the mobile phone number provided by the Service User upon registration.
For every use of service, the Service User shall fill in his/her credit card information or credit limit approved by the Company (as the case may be). The system will then send OTP via SMS to the mobile phone number, provided by the Service User upon registration, for each transaction. Such password is valid only for one transaction.
The Service User accepts that any transaction, made by the Service User or any other person via this service, by whichever manner, with the OTP sent via SMS to the mobile phone number provided earlier upon registration and the transaction is made in accordance with the instructions and conditions of such service stipulated by the Company, the Service User agrees and accepts that such transaction is valid and the Service User is not required to sign any document. In addition, the Service User shall be responsible for such service as if it was his/her own action whether such transaction was made by him/herself or other person or by fraud of outsiders. In this case, the Service User agrees that the Company shall not be liable for any mistake or error that may arise and the Service User shall not bring this up to claim and/or to use as evidence to confirm/object, demand and/or take legal action against the Company whatsoever.
The Service User agrees and acknowledges that the Company agrees to transact as ordered by the use of online installment payment for the goods/services of the Service User except that the Service User is withheld or does not have loan /credit line, or the value of the service transaction exceeds the loan/credit line approved by the Company, or the service is against any law, rule, regulation, order, provision or regulation of government agencies or against regulations or conditions regarding the Company’s operation, or any other inconvenience or necessity the Company deems appropriate. In this case, the Service User agrees to waive his/her right to claim any damage, directly or indirectly, caused by the Company’s refusal of the use of the service, or action or avoidance of action, whatsoever.
The Service User agrees that the application for the use of service or transaction of online installment payment for goods/services is reliable and enforceable between the Service User and relevant parties. The Service User certifies that any record, proof or document produced by the Company due to the use of the service by the Service User is accurate, without being verified or signed by the Service User. Such record shall be valid proof of debt, credit line usage and/or any service although it is stored and/or collected in electronic format or in any format. The Service User is entitled to request for supportive documents for the transaction made by him/herself.
The Service User agrees to be responsible for any damage arising from the use of the online installment payment of goods/service and agrees that the Company shall not be liable for any damage, whatsoever, to the Service User due to the use of the service.
The Service User agrees not to hold against the Company any inconvenience as to the damage, disorder, repair or temporary shut down for maintenance of the computer or communication system of the Company or the Service User or Internet Service Provider, including electricity or telecommunication system or any other system relating to the online installment payment for goods/services which results in the unavailability to use the service.
The Service User consents and well acknowledges that the Company is entitled to amend the terms and conditions for the online installment payment for goods/services by posting on the Company’s website, sending a notice to the Service User or by other methods the Company deems appropriate , of not less than 15 days in advance, except in the case of emergency or any reasonable cause, the conditions on advance notice and timing shall be exempted. If the Service User maintains the use of the service, the Service User shall be deemed to be bound by all the changes and amendments.
Any amendment to the terms and conditions of the online installment payment for goods/service made by the Company in the future shall constitute part of these terms and conditions and the Service User agrees to be bound and complies with such terms and conditions.
The Service User agrees that the Company discloses details and information on the use of service made by the Service User with the Company, subsidiaries, any person and/or juristic person as appropriate and necessary without obtaining permission or consent from the Service User. Such consent shall be in effect from the time the Service User continues to use the service and afterwards, although the Service User later discontinues to use the service or any other service of the Company.
Terms and Conditions for Online Installment Payment for Goods and Services
The Service User may use the card to purchase goods/services from participating shops and/or stores (“hereinafter called “shops”) by installment payment and the Service User agrees to comply with the following conditions:
The minimum price of goods/services shall not be less than the price specified by the Company and/or shops.
The Company will charge the processing fees for certain types of goods or services (if any) and/or credit usage fee to be determined in accordance with the agreed period and conditions. The price of goods plus the aforementioned fee and charge shall be the total amount to be paid.
The Service User agrees to make payment for goods/service in installment as agreed with the Company and/or shops, where the number of installments and/or the final installment amount may be changed based on the timing of payment and the actual amount of payment made by the Service User.
The Service User agrees that the Company shall pay for the price of the goods/services to the shops on behalf of the Service User, and upon such payment has been made, it shall be considered that the Service User has completely received such loan from the Company. The evidence of payment made to the shops shall be used as receipt evidencing the loan utilized by the Service User.
Subject to the Company’s regulations, in case the Service User wishes to prepay all remaining installment amount, the Service User shall inform the Company in advance of not less than one billing cycle and shall be responsible for all remaining principal and interest and/or credit usage fee accrued thereon.
The Service User acknowledges that the Company is not involved in any goods/service whatsoever. In case the Service User does not receive the goods within the specified time or receives goods incorrectly as agreed with the shops or receives defective goods, the Company shall not be responsible for any defect or damage. In case of change or refund of the goods, the Service User agrees to follow the instructions and/or conditions set forth by each shop.