SPECIAL TERMS AND CONDITIONS OF USE FOR «BUY NOW, PAY LATER» (BNPL)

 

These Special Terms and Conditions of Use govern the use of the «Buy Now, Pay Later» («BNPL») feature by Users of one and apply in addition to the General Terms and Conditions for Payment Cards issued by Viseca Card Services SA (Retail) and the Terms and Conditions of Use for one Digital Service.

 

1. Eligibility and offer

After a transaction has been executed, Viseca will check whether it can be approved for BNPL. If this is the case, Viseca may point out in an appropriate manner that it is possible to offer Viseca a payment in three instalments for this transaction.

Users can submit an offer to that effect in the one App before the next card bill is issued.

There is no entitlement to the use of BNPL. Entitlement to payment by instalments only arise upon acceptance of the offer by Viseca.

 

2. Formation of the credit relationship

Prior to issuing the next card bill, Viseca will verify that all prerequisites for the use of BNPL are met. If Viseca accepts the offer, the transaction will be marked accordingly in the one App and shown in the form of a credit on the card bill.

If Viseca rejects the offer, it will inform the User thereof by e-mail. In this case, the transaction will be invoiced in full on the card bill.

 

3. Payment by instalments and term

Users are obliged to repay the BNPL amount in full, including interest, within a maximum of 90 days.

Repayment shall be made in three consecutive monthly instalments, which shall include the interest due for the instalment payment as stated in the offer, for 90 days from acceptance of the offer by Viseca.

Each instalment must be paid before the payment due date indicated on the card bill.

Open BNPL amounts reduce the available limit accordingly.

Except as otherwise provided in these Terms and Conditions, the provisions regarding fees, interest and payment apply in accordance with the General Terms and Conditions.

 

4. Revocation and termination

Viseca reserves the right to terminate BNPL early without stating reasons (e.g. in the event of payment default, misuse, collection) and to notify the User thereof by e-mail. In this case, the outstanding balance will be invoiced on the next card bill.

Users can revoke or terminate the use of BNPL at any time in the one App:

• if a revocation occurs before Viseca accepts the offer, the corresponding transaction will be billed in full on the next card bill;
• from acceptance of the offer by Viseca, Users may revoke BNPL in the one App within 14 days. In this case, the transaction will be invoiced on the subsequent card bill, without interest;
• in the event of termination after expiry of the 14-day revocation period, the entire outstanding balance will be invoiced on the next card bill. There will be no reimbursement of interest on instalments that have already been invoiced.

 

5. Default

If any instalment is not paid in full or is only partially paid by the due date indicated on the card bill, the entire outstanding billed amount (including interest) shall become due and the User is deemed to be in default without further notice.

In addition, Viseca will take further steps, such as claiming the BNPL amount for immediate payment and blocking the card.

In all other respects, the consequences of default shall apply in accordance with the General Terms and Conditions.

 

6. Terminating the card relationship

Termination of the card relationship also terminates any ongoing BNPL relationships; all outstanding amounts fall due immediately.