Terms & Conditions

1. General conditions

1.1. These Terms and Conditions (hereinafter "the Terms") determine the money lending and borrowing application procedures, other requirements, and conditions set forth by these Terms that are not part of the loan agreement.

1.2. These Terms are available to everyone for review and include the basic conditions for lending and borrowing. A copy of the Terms is located at the Social Credit Network and partner websites and is available for review by any interested party.

1.3. The terms and definitions used for these Terms are the following:

a) Social credit network is a network of individuals and entities that are members of Facebook, Twitter, Google+, VKontakte, Odnoklassniki, Renrenand Мой Мир@Mail.ru who are voluntarily willing to lend and borrow money to each other.

b) «A loan» is a debt provided by one member of the social credit network to another for a period of time at an interest rate.

c) «The members» are individuals and entities registered in the Webtransfer social credit network.

d) «A specialist» is a Social credit network employee operating through the Website.

e) «An Order for a loan» is a type of electronic document posted on the Website by a member for the purpose of borrowing money

f) «A lending Order» is a type of electronic document posted on the Website by a member for the purpose of lending money.

g) «The registered data» is the information listed in a member’s profile at the time of registration. It includes, but is not limited to identification information, payment details, and communication methods.

h) «The verified data» is information verified by one of the ways accepted in the Webtransfer social credit network. It includes, but is not limited to:

- verification of identification information by uploading copies of ID to the Website;

- verification of payment details by sending money from/to a certain payment account;

- verification of phone number by submitting a code received via SMS.

- подтверждение номера телефона путем ввода смс кода в специальное поле.

1.4. By accepting these Terms and Conditions, members agree that the Operator matches Orders to follow members’ Orders, keeps the records, and does not loan or borrow money from/to the members. The Operator cannot be held accountable for any loans (debt) issued between the members.

2. 2. Member requirements and regulations

2.1. Any existing member of Facebook, Twitter, Google+, VKontakte, Odnoklassniki, or Мой Мир@Mail.ru can be a member of the Webtransfer social credit network.
A person cannot use more than one profile in Webtransfer; members can add their accounts on other social networks to their existing profile. Registering a profile is allowed only using one’s own name; registration on behalf of someone else or using another person’s profile is not permitted.

2.2. Members must be at least 18 years of age.

2.3. Loans are issued directly between members through any payment system.

2.4. The maximum term of a loan is 30 days.

2.5. The minimum loan amount is $5USD, the maximum amount is $1,000 USD;

2.6. An unlimited number of loans can be issued, differing in amounts, terms, and interest rates.

2.7. One may issue two types of loans:

- Using his own funds – “Standard” and “Guarant”;

- Using bonuses. Bonuses can only be used to issue loans to other members of the social credit network that choose the "Guarant" option. Profit earned can be used in any way, in accordance with Clause 2.13.

2.8. Credit network members receive a Rating based on counter-party reviews and ratings.

2.9. Interest starts accumulating from the moment a member has issued a loan or reserved the funds on one of his/her accounts or payment cards. From that point on, the money becomes a part of the credit network fund.

2.10. In the case that a loan is granted other than through Social Credit Network, a copy of a payment or a deposit document should be uploaded to the special section of the Website as confirmation of transfer of funds.

2.11. Credit Certificates can be sold an unlimited number of times during the term of a loan. Anyone can be a buyer, including the borrower. Record-keeping and circulation of Credit Certificates are monitored and managed within the system of the Social credit network.

2.12. Validity of the Credit certificate is limited by the term of the loan;

2.13. Lenders using the "Guarant" option are obliged to make the following deductions from the amount of actually received income (interest) to the Security Fund of the network:

- 50% (fifty percent) of the income if the loan term is up to 10 (ten) days;

- 45% (forty-five percent) of the income if the loan term is up to 20 (twenty) days;

- 40% (forty percent) of the income if the loan term is up to 30 (thirty) days.

2.14. If a lender uses the “Guarant” option, then he or she agrees that the ownership of the loan can be transferred to the third party.

2.15. When requesting a loan, the member agrees that if he or she does not fulfill the obligations, his or her personal data, any information, and ownership of the loan can be transferred to a third party.

2.16. By accepting these Terms, members allows to set up Webtransfer Visa Card or any other card as default payment method to speed up processes in connection with “Credit on demand” service and process transactions without any additional consent or agreement from member owning the card.

2.17. Funds on the cards are reserved to issue “Credit on demand”. Member gets daily 0.1% Cash back on the reserved balances (3% a month). Funds of the member stay on the card and maybe used by the member at any given time (according to the “Credit on demand” terms). While your balances are in reserved status, Operator may combine your funds with the funds of other members (“Pooled Accounts”) and, if necessary, place those pooled accounts in one or more bank accounts in Operator's name or use a third-party service provider, designated by the Operator, for the purpose of processing of transactions. The Operator will hold your funds separate from its corporate funds, will not use your funds for its operating expenses or any other corporate purposes. Operator is not a bank or other chartered depository institution. Funds held by Operator or its service providers (including any bank service providers) in connection with the processing of transactions are not deposit obligations and are not insured for the benefit of the member by any Deposit Insurance Institution or any other governmental agency. Funds held in balance are an ancillary function of enabling money transmission.

2.18. As soon as “Credit on demand” is activated member starts getting 0.5% daily income* (at the market rate). “Credit on demand” is being activated automatically in case there is a matching credit order.

2.19. Member can access the funds he used to issue “Credit on demand” or select to change the terms at any given time by using “Stop” button in the “Wallet” page.

2.20. By accepting these Terms, members consent to the processing and storage of their personal data.

3. Requirements for the documents

3.1. It is necessary to upload a color copy of ID documents to the personal profile in order to lend and borrow.

4. Establishing legal relations between members

4.1. To apply for a loan, a member needs to read and accept the Terms and Conditions located at : https://webtransfer.com/en/page/about/terms.  

There is a credit calculator in the “My loans” section at https://webtransfer.com/en/account/my_credits:

  1. Choose the amount you want to borrow ($50 to $1000 USD).
  2. Choose the desired term (3 to 30 days).
  3. Choose the desired interest rate (0.5% to 3% a day).
  4. You have to agree with the Terms and Conditions in the pop-up window by pressing the “Confirm” button.

4.2. To issue a loan, members need to read and accept the Terms and Conditions located at: https://webtransfer.com/en/page/about/terms.  

There is a credit calculator in the “My investment” section at https://webtransfer.com/en/account/my_invest:

  1. Choose the amount you want to lend (50 to 1000 USD per loan).
  2. Choose the desired term (3 to 30 days).
  3. Choose the desired interest rate (0.5% to 3% per day).
  4. Choose the “Guarant” or “Standard” option.
  5. You have to agree with the Terms and Conditions in the pop-up window by pressing the “Confirm” button.


5.1. Using other users’ profiles;

5.2. Registration on behalf of another person;

5.3. Having two or more profiles;

5.4. Attempts to violate the Website operation and the use of possible system vulnerabilities;

5.5. Using software for operations on the account;

5.6. Registration of more than two users with the same IP address. The link between profiles will also be taken into account here;

5.7. Misleading members by creating fake pages on social networks;

5.8. Providing false information in the profile;

5.9. Attempts to mislead other members;

5.10. Member is less than 18 years old;

5.11. Insulting other members or employees of Webtransfer;

5.12. Attempts to breach the law;

5.13. Attempts to add money to an account from another person’s account, as well as using funds obtained by breaking the law;

5.14. Withdrawal of money to another person’s account;

5.15. Internal transfer for the exchange purposes;

5.16. Dissemination of false information about the credit network or members;

5.17. In cases when explanation of how the infringement was detected can compromise the infringement detection system, Webtransfer reserves the right to block any member's profile for any violation of these Terms and Conditions of Use, without giving reasons (Clause 6.6 of the Terms);

5.18. For any violation of these Terms and Conditions, members’ accounts will be blocked in accordance with Clause 6.5 of the Terms;

6. Validity of the regulations

6.1. These Terms come into full effect from the moment they are published by Social credit network and remain in force until the Social credit network changes them.

6.2. The Social credit network is not responsible for the consequences associated with:

a) Unwillingness of a member to issue an approved loan.

b) Provision of false information to the Social credit network or to another member.

с) Disabling the safety function of the member account by turning off the SMS transaction verification or two-stage verification application.

d) Cases when a malefactor accesses a user’s profile, in one way or another, thereby obtaining access to the user’s social network profile.

6.3. Social credit network does not control the actions or omissions of the members.

6.4. Members may use the services offered by the Social credit networkonly within the confines of the Acceptable Use policy.

7. Refund policy

7.1. Refunds are made after receiving a complaint from a member’s registered email address with the verified payment details in accordance with Clause 2.13 within seven days of the complaint date, but not more than 30 days from the date the service was rendered.

8. Confidentiality

8.1. The Webtransfer social credit network fully complies with the Privacy Policy.

9. Final regulations

9.1. If a member does not agree that the legal relationship between him and Social credit network is determined solely by the above Terms and Conditions, he must immediately contact the support team to close his profile and leave this website.

9.2. All disputes shall be resolved by means of negotiations in accordance with these Terms. If the parties fail to achieve agreement, they have the right to appeal to the London Court of International Arbitration.

9.3. In all other cases not regulated by these Terms and Conditions, members shall act according to the applicable laws of their countries.

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