Buybacks Online Ltd
Terms & Conditions of Business - Prior to Confirming a Buyback Agreement
1. Buybacks online Ltds provisional offer is based on the original pledge description received from the customer. Buybacks online values the pledge in good faith, according to accepted industry standards and prevailing market rates, and on the assumption that the description provided by the customer is completely accurate.
2. On receiving the pledge from the customer, Buybacks online Ltd inspects the pledge, and compares the actual pledge to the original description supplied by the customer, in order to confirm that they match.
3. Should a pledge prove to vary from the original description in a manner which affects the valuation, Buybacks online Ltd reserves the right to adjust the loan offer either upwards (in the case of higher actual quality compared with original description) or downwards (in the case of lower actual quality compared with original description).
4. Confirmed offers are contracted between the customer and Buybacks online Ltd
5. In order to set up the loan, Buybacks online Ltd may require proof of the customer’s identity, which must be a copy of photo ID (e.g. passport, national identity card or driving licence), and documentation verifying the customer’s current mailing address (e.g. a utility bill, council tax bill or bank statement less than three months old).
6. Loan contracts between Buybacks online Ltd and the customer are not legally binding until after we inspects the pledge, makes a revised, and, if necessary adjusted offer, and the customer confirms via e-mail that they have read, understood and agreed the contract on offer.
7. All loans will run for Twenty Eight (28) days, with interest charged daily.
8. A redemption fee to cover postage will be charged at the end of the contract in addition to the loan value and any interest accrued. The redemption fee will be clearly stated in the loan balance. The redemption fee is a one-off charge, is not part of the loan and will not accrue interest.
9. To redeem a pledge, the customer pays off all outstanding charges – the redemption fee, the loan value plus all interest charges – at any point of thier loan term.
10. The customer can redeem their pledge before the end of the contract by paying off the redemption fee, the loan value and any interest accrued to the date of redemption. Interest owed is calculated on a daily basis; part days are charged as full days. No other charges will be due.
11. Should a loan not be extended or paid off with interest within the 28 day loan period, the customer will be informed in writing of the intention to sell. The goods will then become the full property of Buybacks online Ltd.
12. All loan costs are accompanied by an APR quote.
13. Should the customer decline the confirmed offer, Buybacks online reserves the right to request the customer to settle any shipping costs incurred by Buyback Online Ltd in shipping the pledge from and back to the customer.
