1. Introduction

1.1 This agreement describes the terms and conditions under which the service is made available for use by individuals. Before using this service the person must fully read and agree with the following. In case of refusal to read or disagree with the content - the service is not provided to the person.
1.2 The parties to this agreement are and the individual.

2. Subject of the agreement
1.1 This Agreement does not supersede the current legislation of the countries where the Service and the User are registered and located and/or the contractual relationship between the User and the Payment Systems. In case the User is not entitled to use the Service according to the acting legislation or other obligations, it is forbidden to use the Service;
1.2 The Service does not undertake to verify the legality of the User's holding of e-currencies, bitcoins and/or financial means and does not have control over the User's transactions in the Payment Systems;
1.3 The Payment Systems and/or financial institutions are solely responsible for the funds entrusted to them by the User. cannot be a party in the agreement between the Payment system and/or financial institution and the User and is not responsible for unlawful use of the Payment system by the User and also for misuse of the Payment system functionality by the User. Mutual rights and obligations of the User and the Payment system and/or financial institution are regulated by respective agreements;
1.4 Any completed transaction in electronic currency as well as any other transaction offered by the Service to the User is considered irrevocable, i.e. the one that cannot be canceled (the User receives the funds due according to the initially accepted conditions);
1.5 We have the right to suspend or terminate your account/service at any time, for any good reason and without warning or notice. If we decide to issue a warning, we will notify you by email. If you are caught cheating in any way, your account, service or payment will be suspended without notice. Please note that due to the closed nature of our monitoring system, we cannot disclose details or discuss the reason.
1.6 The Service has the right to suspend or cancel the operation in progress if the User violates the terms of this Agreement;
1.7 The Service reserves the right to cancel the operation in progress and return the electronic currencies and/or financial means deposited by the User without explaining the reason;
1.8 The User agrees:
- Exclude any actions or aiding and abetting actions in: illegal trading, conducting financial fraud, using to create and distribute financial pyramids, terrorist financing, committing other illegal activities;
- Not to perform actions, which can directly or indirectly harm the anti-money laundering and anti-money laundering;
1.9 The Service agrees to take all actions within the scope of the applicable law to prevent: illicit trade, financial fraud, money laundering, terrorist financing, other actions that violate the law. Also:
- Within the framework of the current legislation and the obligations assumed by this Agreement, assist law enforcement authorities in the search and capture of criminals who use the Service Features;
- To improve the Service to prevent the Service from being used for illegal activities;
1.10 PayPal: By using our Service, you agree that you will not disclose your PayPal account ID or any information to anyone, not even PayPal. We do not offer PayPal exchanges, it is mainly a withdrawal or deposit service. If you tell PayPal that you are participating in a PayPal exchange, your PayPal account will be suspended. We are not responsible for any PayPal disputes, payment cancellations, or account restriction issues. We do our best to provide security to avoid any problems, although we will always work with you to resolve as much as possible in the event of any problem. Regarding the PayPal verification service, you agree to our terms and conditions, and again, we are not responsible in the event of any problems or issues.
And we are not responsible for any disputes or refunds. Again, we will work with you to resolve the issue if it arises, and we will do our best to resolve it as soon as possible if it arises.

3. Financial Terms and Conditions
1.1 Other fees and terms are determined by the Service's management and are published on the Service's homepage and internal pages;
1.2 The management of the Service has the right to change the tariffs without any additional notice;
4. Taxation

1.1 The Service is not a tax agent for the User and does not notify the User of their tax obligations. The User pays any taxes required by the tax law at their place of residence on their own;
1.2 In cases where public authorities lawfully request the Service to pay taxes or settle debts resulting from the User's failure to pay taxes, the User agrees to reimburse the Service for all the expenses incurred in connection with this;

5. Warranties and Responsibilities of the Parties
1.1 We may verify the information you provide to us at any time, with or without notice.
We reserve the right to ask the user for information about the source of the funds in order to complete the exchange.
1.2 We may reject an order for valid but confidential reasons, which in some cases cannot be disclosed to the user.
 1.3 The user always makes a prepayment in order to proceed with the exchange order.
1.4 is not responsible if you provided incorrect bank or e-wallet information and we sent money to that account.
1.5 We will not accept third party transfer. Users must transfer funds to us in their name in order to complete the transaction.
1.6 The user must ensure that the funds transferred to us are his property and he has the right to dispose of them.
1.7 The User is always responsible for their funds in case of a refund or dispute.
1.8 We are only responsible for funds transferred to you as part of a given transaction. After the transaction, we are not responsible for your further transactions or use of funds.
1.9 The Service undertakes to maintain, but does not guarantee, its 24/7 availability. Service is not responsible for losses, lost profits and other costs of the User resulting from the inability to access;
1.10 The Magnetic Exchange assumes no responsibility for any damage, loss of profit, or any User's expenses caused by delays, errors, or failures in processing any bank transfers or electronic currency transfers;
1.11 The User guarantees that he/she is the owner or has the right to dispose of the funds he/she uses in his/her transactions;
1.12 The User undertakes not to falsify the communication flows related to the operation of the Service;
1.13The User acknowledges that the content of falls under the protection of intellectual property and copyright laws;
1.14The team or its owner shall not be held liable for any hacking attempts, delays or disruptions caused by a script or server error, war, terrorism, strike, labor dispute, work stoppage, fire, act of government, chargeback or withholding by a payment processor or any other cause, similar or dissimilar, beyond our control. reserves the right to limit, change, or modify fees, benefits, rules, regulations, special offers, membership terms, or discontinue services at any time and without notice.
1.15 By using our services, you agree to the disclaimer and limited liability of
By placing any order via cell phone, email, website or using any of our services, you automatically agree to our terms and conditions.
By using our services or visiting our website, you alone are responsible for all of your actions and resulting reactions.

6. PayPal exchange
1.1 Payment must be made by the account owner and not more than within 12 hours. Remember that only verified PayPal accounts can make deposits.
1.2 Replenishment of 7BIT24 account is possible in one way, you will receive an e-mail address to transfer funds directly. 
1.3 Due to the fact that this transfer is made for the orders of other users PayPal, the basis of payment are determined by different services such as translation, design, programming, etc.
1.4 Due to PayPal's refund policy and in order to prevent fraud and risk of refunds, a non-refund clause will be included in the invoice.
1.5 Due to the fact that some people can transfer money from users' accounts without the permission of the account owner, you need to send a confirmation of payment by e-mail with proof of identity.
1.6 After confirming the payment and sending a confirmation email, your request will be executed within up to 48 hours.
Your accounts must be verified (identified).
We tell you the exact term of the exchange immediately after you submit your request exclusively on our website.
Sometimes, for good reasons, we can significantly reduce the time of delay.
1.7 If you need a refund, it costs 10% of the amount of payment, but not less than 10 USD. The same applies to accepting a payment in the wrong (unspecified) currency, unspecified amount or the wrong type of payment.
1.8 If the exchange amount is increased or you need to send the payment in another currency, you should inform us about it and wait for our answer, because the details for payment can change in this case. Under no circumstances without our approval do not send the amount more.
1.9 If your account falls under any of the criteria listed on the page, the payment system holds the transfer for 21 days.
How to try to remove funds from the hold completely or reduce it, see this link.
We can, at your responsibility, fund the above accounts that do not have "Trusted Seller" status, but there is no guarantee that the hold will be withdrawn early 
or its reduction, we do not give, all at your own risk and time.
1.10 If necessary, including at our discretion, we may both accept and send funds in installments using multiple accounts.

7. Force Majeure
1.1 Neither User nor Service are liable to each other for delays or failure to fulfill their obligations as a result of force majeure, including natural disasters, fire, floods, terrorist acts, change of government, as well as failure of payment systems, power supply systems, communication networks, SMS delivery services or Internet service providers.
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