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Globra Group developed the GLMalla Marketplace for online shops offering a complete e-commerce environment andmarketplace for online shops allowing integration of existing online shops or creating new online shops. Online shops can utilize GLMall as a sales channel, by linking their products back to any online shop (example:Gambio, WooCommerce, Shopify, etc.) for payment and order processing. GLMall also allows direct ecommerce on its marketplace using its blockchain based proprietary parallel chain technology and native parallel blockchain currency called the GMBT. For this payment flow, the system uses highly secureGMBT wallets and swapping portals directly integrated into GLMall.
MERCHANTS registered on GLMall operate their online shops directly in GLMall or integrate an existing online shop through one of GLMall's App integrations. During a standard integrated sales channel transaction, clicking “buy” on the product page links the buyer back to an external online shop for standard order execution on Shopify or WooCommerce. In addition to the standard fiat transactions, MERCHANTS can offer some or all of their products or services against payment in GMBT and order execution on GLMall.
By enabling GMBT payments, the MERCHANT accepts and unconditionally agrees to the Special Terms and Conditions of the order execution and deduction of fees as follows:
All transaction details such as the amount paid in GMBT and any applicable deductions will be listed and shared through the merchant's GMBT Admin Panel.
The MERCHANT accepts that the price for any given product or service if paid in GMBT, is calculated from the rate between the actual fiat price listed and the USDT, determining the current equivalent value in GMBT. This is the price the Merchant will receive for the transaction less the agreed transaction fees. As of the time of sale, the MERCHANT carries all risk and benefit resulting from possible value fluctuations of the USDT / GMBT. Before starting to sell in GMBT, a MERCHANT must be authorized. This process is automated but IF GLOBRA feels that there are any irregularities or other reasons for concern, GLOBRAis free to reject or cancel this authorization at any time.
Using the GMBT payment services, a MERCHANT unconditionally agrees to the conditions and procedures outlined in Section2.
To receive funds, the MERCHANT must provide and maintain updated a GMBT wallet, data and address within their GLMall profile.
The MERCHANT declares that all information about their person, their company such as address, e-mail address, business details, financial information, taxation, wallet, and banking data is correct, and all changes will be updated in a timely manner to ensure accurate record keeping.
The MERCHANT will be solely liable for all tax-related issues and consequences resulting from and related to this data, including but not limited to his country's legal and tax authorities.
The MERCHANT is also responsible for providing a correct and complete invoice to the BUYER upon order execution.
Incorrect data and information as well as failure of payment due to GLMall, will lead to immediate suspension of the status as MERCHANT. As a result of suspension, a MERCHANT will no longer be receiving outstanding revenues as they will be kept in escrow until active status is reestablished.
All terms and conditions, including the User Agreement of GLBrain/ GLMall as accepted during registrationin its actual version, are part of these special conditions.
BUYERS need to register on GLMall if they want to use GMBT as a form of payment. By utilizing this payment option and engaging with GMBT offers of a MERCHANT, the BUYER assumes and unconditionally agrees to the Terms and Conditions of the order execution and deduction of fees as follows:
BUYER accepts the purchasing price to be transferred to the MERCHANT after executing the business as defined under Section 2 of these terms. If the business fails, the GMBT will be returned to the BUYER after deduction of the service fee.
BUYERS using the GMBT payment services unconditionally agree to the conditions and procedures as outlined in Section 2.
To receive funds, the BUYER must have and maintain a GMBT wallet. Any funds to be returned to the BUYER because of an unsuccessful transaction will reflect the price in GMBT at the time of purchase not the price/value of GMBT at the time of refund.
The BUYER declares that all information about him, his address, the e-mail address, and the wallet are correct, and all changes shall be updated in a timely manner. Furthermore, the BUYER will be solely liable for all tax-related issues and consequences resulting from and related to this data, including but not limited to his country's legal and tax authorities.
Incorrect data and information will lead to immediate suspension of the status as BUYER and will remove all privileges of using the crypto payment system.
All terms and conditions, including the User Agreement of GLBrain / GLMall and as acceptedduring registrationin its actual version, are part of these special conditions.
All transaction details such as the amount paid in GMBT and any applicable deductions will be listed and shared through the GMBT Admin Panel.
The BUYER gets all order related information once the transaction is complete. Additionally, the MERCHANT is obliged to provide the BUYER with a formal and correct invoice according to the country's legal regulations in which the MERCHANT operates its business.
Also, suppose legal regulations outline certain rights to the BUYER, such as the right to cancel the order/transaction without any reason within a given time period after delivery, the MERCHANT must comply with such regulations. Failure to comply will lead to being suspended from the system.
These Special Terms and Conditions apply to all users registering as AGENTS / INFLUENCERS.
By accepting these Terms and Conditions, the AGENT /INFLUENCER agrees as follows:
The AGENT declares that all information about him, the company, business, address and e-mail, financial, taxation, and banking data is correct, and all changes will be updated in a timely manner. The AGENT /INFLUENCER will be solely liable for all tax-related issues and consequences resulting from and related to this data, including but not limited to his country's legal and tax authorities. Incorrect data and information will lead to a temporary or permanent suspension of the status as AGENT /INFLUENCER. Inaccurate data will lead to non - payment of amounts due.
To receive funds, the AGENT must give and maintain an up to date GMBT wallet.
The AGENT will be entitled to receive the following commission on purchases generated on the three levels of his multi-level marketing (MLM) chain, which are all based on the prices paid in GMBT on the GLMall Marketplace.
The commission becomes due only once the transaction is fully executed. The system will deduct the applicable commission from the order value during transfer of the funds to the MERCHANT.
GLMall reserves the right to change the commission "levels" and related percentages of commission at any time and its sole discretion and subject to a three-month notice to all AGENTS.
The AGENT can monitor current commission levels, associated users, and the related income on their Agent administration page located in their profile.
The AGENT status in principle is indefinite, but GLMall reserves the right to terminate this at any time at its sole discretion for any reason. A service charge as per 1.2. above will be deducted from every commission payment.
All terms and conditions, including those of GLBrain / GLMall in their actual version and as accepted during registration, are part of these special conditions.
All transaction details such as the amount paid in GMBT and any applicable deductions will be listed and shared through the Admin Panel.
All order execution is done directly between the MERCHANT and the BUYER. GLOBRA does not charge any fees for order execution or bears any related responsibility. For integrated online shops such as Shopify the agreed sales commission will be due to GLOBRA
The Agent / Influencer System only applies for GMBT payments.
2.2.1. The MERCHANT needs to be approved by GLMall in order to offer and accept crypto payments for products and services on GLMall. This process is automated but if GLOBRA feels that there are any irregularities or other reasons for concern, GLOBRA is free to reject or cancel this authorization at any time.
In addition, the MERCHANT can enable AGENTS/ INFLUENCERS to sell all or a selection of products to promote on GLMall.
AGENTS/INFLUENCERS can filter products and services by availability and can earn commission on sales as outlined in section 1.5.
2.2.2. For products and services offered to be paid in GMBT or fiat, the BUYER can select to either pay in Fiat or GMBT. Upon selecting the GMBT option, the system recalculates the fiat price into the current price of USDT / GMBT. Once the order has been placed, the GMBT funds are transferred on the blockchain into an escrowwallet while the BUYER remains the legal owner of the GMBT funds until the transaction is fullyexecuted.
If the deal is not successful, the system will return the paid GMBT funds to the BUYER less transactions fees of 8%. These fees will be the responsibility of the merchant who was not able to deliver the service or product to be refunded to the buyer within 28 days. GLOBRA will try to get this fee from the Merchant and reimburse the BUYER if successful but without a guarantee for success.
2.2.3. The MERCHANT receives all information about the business, and the GMBT funds paid. The MERCHANT is obliged to ship the purchased goods and declare to the BUYER that the product or service was dispatched along with tracking information.
2.2.4. Once the BUYER receives the purchased item, he/she is obliged to declare receipt and simultaneously initiate the final GMBT transfer to the MERCHANT (and all other parties involved in the transaction) out of the escrow wallet.
If the BUYER does not receive the purchased item within four 28 days from the MERCHANT's declaration of shipment, or the item is of inadequate quality, the BUYER must dispute the transaction within those 28 days.
If the BUYER does not dispute this transaction within 28 days, the transaction is automatically deemed successful and the related GMBT funds, minus applicable deductions, will be paid to the MERCHANT. In case the BUYER disputes the execution of the business, the MERCHANT has the chance to settle the dispute with the BUYER through direct product related communication on the GLMall platform. If the MERCHANT and the BUYER find a resolution for the transaction, the MERCHANT will receive the GMBT upon settlement.
If the MERCHANT fails to reach an agreement, the BUYER agrees with the refund of the GMBT after deduction of a service fee (Execution Fee) which will return the GMBT funds to the BUYER. From there, it is left to the MERCHANT and the BUYER to settle any dispute between themselves. There is no further responsibility of GLMall or the system provider GLOBRA.
Suppose legal regulations allow the BUYER special rights, such as the right to cancel the transaction without any reason within a given period after delivery. In that case, the MERCHANT must comply with such regulations and return the paid GMBT funds to the BUYER's GMBT Wallet without delay. Failure to comply may lead to being from the system.
These Terms and conditions cover the use of GMBT payments service on GLMall. By registering as a GMBT BUYER, MERCHANT or AGENT you agree to the terms and Conditions set forth in this agreement. If any party no longer wishes to be bound by these Terms and Conditions, said party needs to discontinue the use of this service. By accepting these terms and conditions all parties also acknowledge to have read and accept all terms and conditions of each individual seller listed in any given order.
GLMall FZ LLC offers its services in full compliance with the laws mentioned above and under the license for e-trading issued under the laws of Ras al Khaimah Number: 45001135
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