Buyer(s). Member(s) that are submitting an offer to buy Currencies through the Service.
Commission. Refers to the fee which is payable to Jump.AFRICA on each Transaction.
Member(s). Refers to Buyers and Sellers as well as any holder of an Account.
Personal Information. Information that identifies an individual, such as name, address, e-mail address, trading information, and banking details. “Personal Information” does not include anonymised and/or aggregated data that does not identify a specific user.
Price. The price for which Members are willing to purchase or sell Currencies, using the Service in a Purchase Transaction. The Price may be expressed in any of the currencies deposited by Members in their Account and supported by the Service. See our Site for a full list of currencies.
Seller(s). Member(s) that are submitting an offer to sell Currencies through the Service.
Service(s). The technological platform, functional rules and market managed by Jump.AFRICA. to permit Sellers and Buyers to perform purchase and sale transactions of Currencies.
Transaction. Includes the following:
- The agreement between the Buyer and the Seller to exchange Currency through the Service for another Currency at a commonly agreed rate;
- The conversion of currencies into alternative currencies deposited by Members on their Account ("Conversion Transaction");
- The transfer of currencies among Members ("Currency Transfer Transaction"); and
- The purchase of ancillary products ("Purchase Transactions").
Jump.AFRICA may not offer all of these types of transactions at this time or in all places.
Transaction Price. The total price paid by the Buyer in respect of each Transaction performed through the Service.