This document sets forth the term and conditions (hereinafter the “T&C”) governing the Referral Program (as defined below) entered into between, on the one hand, BYZANTINE FINANCE, a simplified joint stock company (SAS) registered under number 929 169 217 with the French Registry of Trade and Companies of Nanterre, having its registered office located at 120 rue Jean Jaures, 92300 Levallois‑Perret, duly authorized for the purposes hereof (“BYZANTINE” or the “Company”), and, on the other hand, a natural person or legal entity (hereinafter the “Referrer”).
The purpose of this Program is to reward (i) BYZANTINE Referrers for each new client (hereinafter the “Referred Client”) they introduce to BYZANTINE as well as (ii) Referred Clients.
Enrolment and participation in the Program are governed exclusively by these T&C, which form an integral part of the General Terms and Conditions of the BYZANTINE Application (the “GTC” available via the following URL: https://www.byzantine.fi/terms-and-conditions).
Participation in the Program entails any Participant’s unconditional acceptance of these T&C, as well as of any subsequent amendment or update. It is the Company’s responsibility to keep Participants informed of any amendments to the T&C, which are available on BYZANTINE’s official website and through the BYZANTINE Application.
The Program is available solely in the territories where the BYZANTINE Application is operational (hereinafter referred to as the “Eligible Countries”). The Company reserves the right, at its sole discretion, to amend, adjust or terminate the Program at any time, subject to notice to the participants.
In addition to those defined elsewhere in these T&C, capitalized terms shall have the meaning set out below, whether used in the singular or the plural.
• Active Account: means a user account on the BYZANTINE Application that has been created, verified, and is maintained as active in accordance with the criteria established by BYZANTINE, including, without limitation, the user’s regular engagement with the Application and compliance with the T&C.
• Application: means the application made available by BYZANTINE, through which users may access the services offered, via the Site.
• Eligible Country: means any country or territory in which the BYZANTINE Application is officially available and authorized to operate, as determined and announced by BYZANTINE.
• Levels: refer to the different benefit levels available under the Program. Levels are not inherently sequential and may be combined at the company's discretion. Access to a higher level does not automatically entitle any Participant to participation in previous Levels. The Levels are described below:
Level 1
At Level 1, both the Referrer and the Referred Client are eligible to receive a fixed cashback bonus of EUR 100 each.
The bonus is credited within thirty (30) days after all eligibility conditions have been met, including:
The bonus may be withheld or cancelled in cases of non-compliance with the Program rules or abusive practices.
Level 2
At Level 2, both the Referrer and the Referred Client may benefit from a 100% waiver (cashback equivalent) of the fees charged by the Company on eligible services for a period of three (3) months.
This benefit is granted provided that all of the following conditions are met:
The fee waiver is applied periodically or credited as cashback after the relevant period.
Level 2 is available only to users participating in a specific community or “select club”, as identified by the Company, at its discretion.
This benefit is subject to compliance with the Program terms. It may be refused or withdrawn in the event of self-referrals, circular referrals, coordinated schemes or any misuse of the Program, based on objective and verifiable criteria.
Level 3
Level 3 is a premium level available to selected users (including members of a specific community or “select club”).
It entitles the eligible Referred Client to a +1% APY bonus (cashback equivalent) applied to deposited funds for a period of thirty (30) days, starting from the date of sign-up (upon completion of KYC-KYB), up to a maximum of EUR 1,000,000.
The bonus is calculated over the 30-day period and credited as a lump-sum cashback at the end of that period, provided that:
Clear eligibility conditions and calculation methods are made available to users in advance.
Level 4
Level 4 is reserved for approved “introducers”, a specific partnership with the Company.
The financial terms and benefits applicable to such partnerships are determined by the Company and may be subject to confidentiality.
Where applicable, introducers may receive a recurring cashback reward based on the activity of referred clients, in accordance with the terms agreed with the Company.
Level 5
At Level 1, both the Referrer and the Referred Client are eligible to receive a fixed cashback bonus of EUR 100 each.
The bonus is credited within thirty (30) days after all eligibility conditions have been met, including:
The bonus may be withheld or cancelled in cases of non-compliance with the Program rules or abusive practices.
General Conditions Applicable to All Levels
All benefits are conditional upon compliance with the Program T&C and applicable regulations.
The Company will apply clear, objective and proportionate criteria when assessing eligibility or detecting misuse.
Any changes to thresholds, benefits or eligibility conditions will be communicated in advance where required by applicable consumer laws.
The Program is not intended to create any guaranteed income or financial return.
The Participants acknowledge and agree that eligibility for any referral level is assessed independently, and that referral levels are not cumulative under any circumstances.
In order to participate in the Referral Program, the following conditions must be fulfilled by the prospective Referrer:
The eligibility of the Referrer to participate in the Program shall be determined exclusively by BYZANTINE, in accordance with the criteria established above and with any other condition that BYZANTINE may deem necessary. BYZANTINE reserves the right, at its sole discretion, to refuse the participation of any person in the Program, without any obligation to provide a justification.
Pursuant to Law No. 2023-451 of June 9, 2023, influencers shall not be admitted under this Program if they engage in the direct or indirect promotion of the Company’s services. This exclusion applies irrespective of the nature or the channel of promotion used, including but not limited to social networks, blogs, videos, sponsored articles, or any other form of online or offline communication.
“Direct or indirect promotion” shall be understood as any act intended to encourage or induce the use of the Company’s services, whether in an explicit or implicit manner. Any breach of this clause shall result in the immediate exclusion of the influencer from the Program, without prejudice to any other rights or remedies that the Company may exercise.
The Referral process within the BYZANTINE Referral Program is structured as follows in order to ensure efficient and equitable management of referrals:
Referrers are encouraged to communicate in a transparent and ethical manner with potential Referred Clients, in compliance with the principles governing the protection of personal data and confidentiality. Any misuse of the Referral process, including misleading communications or the promise of rewards not authorized by BYZANTINE, may give rise to sanctions, up to and including exclusion from the Program.
Any Referred Client wishing to join the BYZANTINE Application must complete a formal registration process. This process entails the provision of personal information required to create a user account. At the time of acceptance of the T&C, the Referred Client must enter the Referral Code supplied by the Referrer or use an affiliate link supplied by the Referrer, thereby enabling the association of the new account with the respective Referrer.
Following registration, the Referred Client must undergo an account verification procedure. This step serves to confirm the identity of the user and to ensure compliance with applicable legal and regulatory requirements. Verification may include, without limitation, the validation of identity documents, confirmation of address, and other relevant security measures.
A Referral shall be deemed successful only when the Referred Client has duly and successfully completed the registration and verification process. Only verified and Active Accounts shall be taken into consideration in calculating the direct and indirect Referrals attributed to the Referrer.
BYZANTINE undertakes to preserve the confidentiality and security of the personal data collected during the registration and verification process. All information shall be processed in accordance with the Privacy Policy of BYZANTINE and with the applicable data protection legislation.
BYZANTINE retains full discretion to decide whether a new client referred by a Referrer shall be integrated as a Referred Client within the Program. This decision may take into account the verification of compliance with the eligibility conditions, the validity of the information provided, and the authenticity of the referral.
BYZANTINE has the right to validate or invalidate the referrals made under the Program. Such validation shall be based on the criteria set out in the T&C, including, without limitation, the authenticity and legitimacy of the registered accounts, as well as compliance with the referral procedures.
BYZANTINE reserves the right to amend, adjust, suspend or terminate the Program at any time, at its sole discretion. This may include adjustments to rewards, eligibility criteria, referral procedures or other aspects of the Program. Any material modification shall be communicated to participants within a reasonable period of time.
In order to protect the integrity of the Program, BYZANTINE reserves the right to take measures against participants who engage in abusive, fraudulent or otherwise Program‑abusing activities, or activities contrary to the spirit of the Program. Such measures may include disqualification from the Program, revocation of Referral Bonuses, and prohibition from participating in future programs.
Participants undertake not to engage in the following activities:
The consequences of participation in the prohibited activities may include disqualification from the Program, forfeiture of all accumulated Referral Bonuses, closure of the account on the BYZANTINE Application, and other legal measures if necessary.
BYZANTINE reserves the right to conduct investigations and to take appropriate measures in response to any proven or suspected breach of the present prohibited activities.
BYZANTINE reserves the right to adjust, amend, or replace the rewards and incentives offered, without prior notice. This may include changes to the value of Referral Bonuses, the T&C of rewards available, as well as the eligibility criteria for receiving them. Any material change made to the rewards and incentives shall be notified to the participants through the official channels used by BYZANTINE, such as the Application, the Site, and/or email communications.
The T&C limits for crediting rewards to participants’ accounts may vary depending on various factors, including but not limited to the process for verifying successful Referrals and BYZANTINE’s internal processing periods. Participants are requested to exercise patience and to understand that BYZANTINE strives to credit the rewards as promptly as possible.
Unless otherwise specified by BYZANTINE, the rewards granted under the Referral Program are personal and non-transferable and may not be sold or transferred to another person. The rewards may be subject to specific terms including eligibility conditions or restrictions relating to certain BYZANTINE offers or services. Participants are required to comply with these T&C when using or withdrawing their rewards.
The Referral Bonuses obtained by participants, shall be credited directly to the BYZANTINE Application account of the Referrer. The crediting process is designed to reflect the rewards due in a timely manner, following confirmation of the successful completion of eligible referrals.
Participants shall receive a notification via the BYZANTINE Application or by email when a Referral Bonus is credited to their account. Although BYZANTINE shall endeavour to credit Referral Bonuses as promptly as reasonably practicable, participants are requested to allow a reasonable period of time for the processing of such credits. This period may vary depending on internal checks and current transaction volumes.
Prior to the crediting of any Referral Bonus, BYZANTINE shall carry out the necessary checks to ensure that the eligibility conditions specified in the Program have been complied with. This includes, without limitation, verification of the success of referrals and compliance with the rules of the Program.
In the event that a Participant’s BYZANTINE account is closed, whether permanently or temporarily, for any reason whatsoever prior to the crediting of the Referral Bonus, BYZANTINE shall not be able to proceed with payment of the bonus. It is the Participants’ responsibility to keep their account active and in good standing in order to receive the rewards owed.
Except where otherwise provided by mandatory law, the Participants release BYZANTINE, its parent company, its subsidiaries, affiliates, suppliers, partners, as well as their directors, officers, employees, and agents (collectively referred to as “Released Parties”) from any and all liability for any loss or damage of whatever nature arising from their participation in the Program or from the use of any reward obtained through this Program. This release from liability includes, without limitation, direct, indirect, incidental, consequential, or punitive damages.
Except where otherwise provided by mandatory legal provisions, the Participants agree that the liability of the Released Parties towards each Participant, for all claims arising from or in connection with the Program, irrespective of the nature of the legal action, shall not exceed the T&C amount of the rewards received by the Participant under the Program.
THE PARTICIPANTS ACKNOWLEDGE THAT THEY TAKE PART IN THE PROGRAM AT THEIR OWN RISK.
The Participants are responsible for securing their account on the BYZANTINE Application and must take all necessary precautions to protect their personal and financial data. The Participants undertake to indemnify, defend and hold harmless the Released Parties against any and all claims, demands, losses, liabilities, costs or expenses arising from their participation in the Program, any breach of the Program, or any infringement of the rights of a third party.
In compliance with the obligations in the participant's country of residence, the rewards obtained through the Referral Program, may be deemed taxable.
It is the sole responsibility of the participants to obtain information about and to comply with all applicable tax obligations related to their participation in the Program. This includes, without limitation, the reporting of rewards received as income to the competent tax authorities and the payment of any taxes due. Participants are advised to retain detailed records of all rewards received under the Program, including the dates of receipt, the value of the rewards in local currency, and any other relevant details in order to facilitate compliance with tax obligations.
In the event of uncertainty, or in order to obtain specific advice relating to their tax situation, participants may consider consulting a tax professional or a qualified tax adviser. Such a step may help to ensure a complete understanding of, and compliance with, the T&C obligations in the participant’s country of residence.
The practices relating to the collection, use and protection of personal information are governed by BYZANTINE’s Privacy Policy, available on the BYZANTINE website and within the BYZANTINE Application.
BYZANTINE collects personal data necessary for the administration of the Referral Program, such as name, email address, details of the BYZANTINE Application account, and other relevant information. The collection of such data is carried out with the Participants' consent and is essential for their participation in the Program. The personal data collected are used exclusively within the framework of the Referral Program, in particular for managing Participants' accounts, crediting Referral Bonuses, communicating with Participants regarding the Program, and improving BYZANTINE's offerings. BYZANTINE undertakes not to share, sell, or disclose Participants' personal data to unaffiliated third parties without the Participants' explicit consent, except in cases provided for by law or where necessary for the performance of services related to the Program.
BYZANTINE implements appropriate technical and organizational security measures in order to protect personal data against unauthorized access, alteration, disclosure, or destruction. These measures are designed to ensure a level of security appropriate to the risk arising from the processing of personal data.
In accordance with the applicable data protection legislation, Participants have the right to access their personal data, to request its rectification or erasure, and to object to its processing in certain circumstances. To exercise these rights, Participants may contact BYZANTINE using the contact details provided.
Any material amendment to the T&C shall be communicated to the Participants in the Program through BYZANTINE’s official communication channels, such as the mobile application, the website, and/or email. Such communication shall include a description of the amendments made, as well as the effective date of their entry into force.
The most recent versions of the T&C shall at all times be available on the BYZANTINE Site and/or within the mobile Application. Participants are encouraged to consult these sources regularly in order to remain informed of the latest terms and conditions governing their participation in the Program.
The continued participation in the Referral Program after the entry into force of new amendments to the T&C shall constitute the Referrer’s acceptance of such changes. If a Referrer does not accept the amendments made to the T&C, the Referrer shall have the right to withdraw from the Program. The amendments made to the T&C shall have no retroactive effect and shall apply only to actions and transactions carried out after the date of entry into force of said amendments, unless otherwise specified in BYZANTINE’s communication.
In the event of a decision to terminate the Program, BYZANTINE undertakes to notify the participants at least 30 business days prior to the effective date of termination. Such notice shall be disseminated through BYZANTINE’s official communication channels, such as the Application, the Site, and/or emails.
Upon termination of the Program, BYZANTINE shall specify the procedures pursuant to which unclaimed or pending rewards may be processed. Participants shall have a defined period within which to claim eligible rewards, in accordance with the instructions provided by BYZANTINE.
The decision to terminate the Program may be based on various factors, including, without limitation, strategic changes within the Company, legal or regulatory considerations, or a reassessment of marketing and customer loyalty objectives. The obligations of the participants and of BYZANTINE, in particular those relating to confidentiality, liability and reporting obligations, shall remain in force after termination of the Program, to the extent that they are applicable.
The original version of these T&C is in the French language. In the event that they are translated into one or more foreign languages, only the French text shall prevail, in particular in the event of a dispute.
IN THE EVENT OF A DISPUTE REGARDING THE INTERPRETATION OR PERFORMANCE OF THE T&C, THE PARTIES SHALL USE THEIR BEST ENDEAVORS TO FIND AN AMICABLE SETTLEMENT.
THESE T&C AS WELL AS THE RELATIONSHIP BETWEEN BYZANTINE AND THE USER ARE LIKEWISE GOVERNED BY LITHUANIAN LAW. THIS APPLIES BOTH TO SUBSTANTIVE RULES AND PROCEDURAL RULES, NOTWITHSTANDING THE PLACES OF PERFORMANCE OF PRINCIPAL OR ANCILLARY OBLIGATIONS.
FAILING AN AMICABLE SETTLEMENT, THE LITHUANIAN COURTS SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR DISPUTES ARISING FROM THE APPLICATION OF THESE T&C OR RESULTING DIRECTLY OR INDIRECTLY FROM THE USE OF THE WEBSITE.
THE REFERENCE LANGUAGE FOR THE SETTLEMENT OF ANY POTENTIAL DISPUTES IS FRENCH.
THESE STIPULATIONS RELATING TO THE GOVERNING LAW AND TO THE COURTS HAVING JURISDICTION SHALL APPLY WITHOUT PREJUDICE TO ANY MANDATORY PROVISIONS WHICH ARE INTENDED TO APPLY TO THE USER IN HIS CAPACITY AS A CONSUMER.
Participants may send their requests or complaints to BYZANTINE's official email address, info@byzantine.fi. BYZANTINE undertakes to respond to emails as promptly as possible, providing accurate and useful information in response to the queries submitted.
