ePayService Mastercard Cardholders Agreement

These terms and conditions apply to your Debit Card. You must read them carefully.

In these terms and conditions you means the named Debit Cardholder and any authorised user of the Debit Card. We , us or our means MTACC LTD. dba ePayService, Authorised and Regulated by the Malta Financial Services Authority as a Financial Institution, our successors, affiliates or assignees. In this Agreement, Debit Card means physical or virtual Debit Mastercard®.

  1. Your Debit Card
    1. You can use the Debit Card at any location that displays the Mastercard acceptance mark, including shops, restaurants, online, or on the telephone. You can also use your Debit Card overseas. Before using the Debit Card you need to make sure there are enough funds in your ePayService account to cover the transaction. You will not be able to use your Debit Card after its expiry date. However, we may issue you with a new Debit Card prior to expiry.
    2. Your Debit Card is not a credit card. It can only be used to access funds held within your ePayService account. You will not earn any interest on any funds associated with your Debit Card.
    3. If available, where you have requested additional Debit Cards, you authorise us to issue such Debit Cards and a PIN and you confirm that each additional Debit Cardholder is approved by you to authorise transactions on your behalf.
  2. Applying for and activating your Debit Card
    1. To apply for our Debit Card you must already be an ePayService account holder. To apply for an ePayService account you must be at least 18 years old. You will need to provide personal information to us, of who you are and your current address. We may ask you to provide documentary evidence to prove this and/or we may carry out checks on you electronically, in line with our legal and statutory obligations.
    2. You must sign the signature strip on the back of the Debit Card as soon as it is received. You will also need to activate your Debit Card before you will be able to use it. Details of the Card activation process can be found on the website and/or App.
  3. By using the Debit Card you are agreeing to these terms and conditions.

  4. Funding your Debit Card
    1. Your Debit Card can be in USD or EUR; always consider the exchange rates that may apply to transactions in a different currency to the one corresponding to your debit card.
    2. You can use your Debit Card to access funds held in your ePayService account. Other types on fund loading are not possible.
    3. Minimum and maximum transaction and balance values and volumes can be found at www.epayservices.com and section 12.5.1 of this document.
  5. Using your Debit Card
    1. Detailed instructions on how to use your Debit Card are found on the website www.epayservices.com. You will need to follow these instructions when using your Debit Card.
    2. We will deduct the value of your transactions from the balance on your account as soon as they are made. We will also deduct any applicable fees from your account as soon as they become payable by you. For the list of the applicable fees please see Cardholder Fee Table in section 12.5.1
    3. The Debit Card belongs to us. We may ask you to stop using your Debit Card and return it to us or destroy it any time. We may, at any time suspend, restrict or cancel your Debit Card or refuse to issue or replace a Debit Card because:
      i. we are concerned about security of your account or Debit Card(s) we have issued to you;
      ii. we suspect your account is being used in an unauthorised or fraudulent manner;
      iii. or we need to do so to comply with the law or request by a government authority.
      If we do this, we will tell you as soon as we can or are permitted to do so after we have taken these steps.
    4. Like other payment cards, we cannot guarantee that a retailer will accept your Debit Card. We may also refuse to pay a transaction:
      i. if we are concerned about security of your Debit Card or we suspect your Debit Card is being used in an unauthorised or fraudulent manner;
      ii. If insufficient cleared funds are available via your Debit Card at the time of a transaction to cover the amount of the transaction and any applicable fees;
      iii. if there is an outstanding Shortfall (defined in section 12 below) on the associated ePayService account;
      iv. if we have reasonable grounds to believe that you are acting in breach of this agreement;
      v. if we believe that a transaction is potentially suspicious or illegal (for example, if we believe that a transaction is being made fraudulently); or
      vi. because of errors, failures (whether mechanical or otherwise) or refusals by merchants, payment processors or payment schemes processing transactions.
    5. If we refuse to authorise a transaction, we will, if practicable, tell you why immediately unless it would be unlawful for us to do so. You may correct any information we hold and which may have caused us to refuse a transaction by contacting us, using the Website.
  6. Authorising Transactions
    1. Subject to the features of the particular Debit Card, the authorisation of a transaction can include authorising any single transaction, a series or recurring transactions (including transactions for an indefinite period) or pre-authorising future transactions of a certain or uncertain amount.
    2. A Debit Card transaction will be regarded as authorised by you where you;
      i. authorise the transaction at the point of sale by following the instructions provided by the merchant or retailer to authorise the transaction, which may include:
      (a) entering your PIN or providing any other security code;
      (b) providing the Debit Card details and/ or providing any other details as requested;
      (c) waving or swiping the Debit Card over a card reader
      ii. insert a Debit Card and enter your PIN to request a cash withdrawal at an ATM;
    3. Authorisation for a transaction may not be withdrawn (or revoked) by you after the transaction has been settled with the merchant.
    4. A transaction (the payment order) will be received as follows:
      i. for purchases and ATM transactions, at the time we receive the transaction instruction from the merchant acquirer or ATM operator;
      ii. for other transactions which are communicated directly to us, at the time you ask us to complete the transaction.
    5. It is your personal responsibility to ensure you do not spend more than the amount of the funds available in your ePayService account.
    6. When you carry out a transaction the company involved will take a ‘pre-authorisation’ to reserve the amount they intend to collect. Some merchants will pre-authorise a higher or lesser amount than the cost of the transaction. The funds are usually collected from your account when the merchants has requested a settlement for the transaction following completion of the transaction.
    7. Pre-authorisation reserves the funds from your available balance for a maximum of 10 days. After this time if the monies have not already been collected by the merchant they will be returned to your available balance.
    8. Although transactions are pre-authorised at the time an order is placed, for some purchases such as mail order, your account may not be debited until the goods are despatched, which may be longer than 30 days. Therefore you must make allowances for this in your spending to prevent your account falling into negative debit balance. The same would apply to car rental companies who will take a pre-authorisation upon your collection of the rental vehicle but will only debit your account at the end of the hire period.
  7. Cancellation and expiry of your Debit Card
    1. This agreement will continue indefinitely unless terminated. You have a legal right to cancel your Debit Card up to 14 days after you receive it. This 14 day period is known as the ‘Cooling Off’ Period. Under these terms and conditions, you also have the right to cancel your Debit Card at any time after the 14 day Cooling Off Period without notice.
    2. We may cancel this agreement forthwith:
      i. if this agreement or your card expires on a set date and we have not agreed to renew it;
      ii. if you break an important part of this agreement, or repeatedly break the agreement and fail to resolve the matter in a timely manner;
      iii. if you fail to pay fees or charges that you have incurred or fail to put right any Shortfall.
    3. We may also cancel this agreement or suspend your Card or account immediately if we believe your Debit Card is deliberately being used by you to commit fraud or for other illegal purposes. If we do this we will tell you as soon as we are permitted to do so.
    4. If your Debit Card is cancelled, we will immediately block it and any additional cards so that they cannot be used.
    5. You will not be entitled to a refund of money you have already spent on transactions authorised, or pending or on any fees for the use of the Debit Card before it is cancelled or expires. You can cancel your Debit Card by creating a ticket in your online account, and confirming that you have destroyed your Debit Card and any additional Cards.
    6. If you cancel your Debit Card (and the associated ePayService account) once all transactions and fees have been deducted, we will arrange for any unused funds to be refunded to you, see Your Right to a Refund section below for further information. A Refund Fee may be charged in certain circumstances.
    7. Your Debit Card will be valid for three years. When it expires, unless we are told otherwise, we may issue you with a replacement Debit card.
  8. Keeping your Debit Card secure
    1. You should treat your Debit Card like cash. If it is lost or stolen, you may lose some or all of your money accessible via your Debit Card, in the same way as if you lost cash. You must keep your Debit Card safe and not let anyone else use it. If you are issued with a PIN, you should memorise the PIN, then destroy the notification and keep your PIN secret at all times. You can change your PIN at Chip enabled ATM by following the screen instructions or by logging into your online ePayService account.
    2. We recommend that you check the balance on your ePayService regularly online at the website. We will provide you with your balance and a statement of recent transactions on our secure webpage at any time. Your statement will show:
      i. information relating to each Debit Card transaction which will enable it to be identified;
      ii. the amount of the Debit Card transaction shown in the currency in which the transaction was paid or debited to the account;
      iii. the amount of charges for the transaction;
      iv. the date the transaction is authorised or posted on to the account.
  9. Lost and stolen Debit Cards and unauthorised or incorrectly executed payments
    1. You must notify us by phone or email if your card has been lost or stolen; similarly you must notify if you know or suspect that the PIN or password is known to an unauthorised person or if you think a transaction has been incorrectly executed. If you believe a transaction on your card is fraudulent, you can report to us up to 13 months after the transaction is processed. The helpline number to report any issues related to your card is +44 (20) 81-3333-12.
    2. Provided you notify us promptly and you have not acted fraudulently or with gross negligence we will refund the amount of transaction which our investigations show are not authorised by you.
    3. However, if our investigations show that any disputed transaction was authorised by you, or you have acted fraudulently or with gross negligence (for example by failing to keep your Debit Card or PIN secure), you may be liable for any loss or misuse of the Card.
  10. Our liability
    1. We shall not be liable to you for any loss of profit or loss of revenue which in each case arises out of or in connection with: (i) this agreement or (ii) any breach or non-performance of this agreement, in each case no matter how fundamental (including by reason of Our negligence) or (iii) temporary or permanent inability to use your Debit Card for any reasons.
    2. We shall not be liable to you for:
      1. any loss of goodwill, reputation or opportunity; or
      2. any loss of or corruption of data; or
      3. any loss of anticipated savings in each of the foregoing whether direct or indirect; or
      4. any indirect or consequential loss, which in each case arises out of or in connection with this agreement or any breach or nonperformance of this agreement no matter how fundamental (including by reason of Our negligence).
    3. Our total liability arising under or in connection with this agreement or any breach or nonperformance of this agreement no matter how fundamental in contract, tort or otherwise shall be limited to the sums received by Us in aggregate under this agreement in the 12 months preceding the act or omission giving rise to the liability.
    4. We shall not guarantee 100% that your card will be accepted by every merchant. Your card acceptance will depend on each merchant’s own card acceptance rules and conditions. We will try to help cardholders with any card acceptance issues, however we will not be liable for any acceptance issues.
  11. Refunding Transactions
    1. You will be entitled to claim a refund in relation to transactions where:
      1. the transaction was not authorised under this agreement;
      2. we are responsible for a transaction which was incorrectly executed and you have notified us in accordance with section 8 above;
      3. a pre-authorised transaction did not specify the exact amount at the time of its authorisation and the amount charged by a supplier is more than you or an additional Debit Cardholder could reasonably have expected taking into account normal spending patterns on the Debit Card or the circumstances of the transaction;
  12. Changes to these Terms

    We may change these terms at any time by notifying you by e-mail or other methods agreed, with at least 60 days before the change is due to take effect. We reserve the right to change these terms and conditions at shorter notice, provided there is no material change to them or to ensure we accommodate new regulatory requirements or ensure service continuity. The up-to-date version of the Debit Card terms and conditions will always be available on our website. The change will automatically take effect and you will be taken to have accepted the notified change unless you tell us that you do not agree to the change. In that event, we will treat that notice as notification that you wish immediately to terminate.

  13. Fees & Limits
    1. We do not charge any fees to you for checking your on-line balance and transactions on our website https://online.epayservices.com or other mobile applications offered by us. However other fees may apply. For all transactions made in a foreign currency we will charge a currency conversion fee of 1.99%. The rate used for conversion will be based on the Mastercard conversion rate applicable at the time the transaction is processed. Details of Mastercard conversion rates can be found at https://www.mastercard.com/global/currencyconversion/index.html. For more fee details please see the cardholder fee table under 12.5.
    2. If we decide to increase or introduce any new fees, we will tell you by e-mail, text, at least 60 days before any changes take effect.
    3. Authorisation will be requested for all transactions at the time of each transaction. In the unlikely event, for any reason whatsoever, a transaction is completed when there are insufficient funds for that transaction on the ePayService account associated with the Debit Card (a Shortfall), the Shortfall shall be reimbursed by you unless it is due to an error on the part of the retailer where the Debit Card was presented, in this circumstance we may seek the Shortfall from the retailer.
    4. You agree that once we make this Shortfall known to you, we may charge you for the Shortfall amount. We may charge the amount of the shortfall from any other account that you hold with us, to any other payment method which you may designate at that time, or against any funds which you may subsequently load onto your account. Until we are reimbursed the Shortfall amount, we may suspend your Debit Card and any additional Debit Cards or accounts connected to you. In addition, we reserve the right to charge you an Administration Fee for each transaction that you make using your Debit Card that results in a Shortfall or increases the Shortfall amount on your account.
    5. Cardholder fee table

      EUR Card
      Transaction Type Fee
      ATM Withdrawal €2.50
      Non-EUR Transaction Fee 1.99%
      Declined Transaction €0.50


      USD Card
      Transaction Type Fee
      ATM Withdrawal $2.50
      Non-USD Transaction Fee 1.99%
      Declined Transaction $0.50
    6. Cardholder limits table

      EUR Card
      Transaction Type Limit
      Maximum ATM Withdrawal €400 per transaction
      Minimum ATM Withdrawal €20
      Maximum ATM Transactions 6 per day
      Maximum Transaction Amount €5,000 per transaction
      Maximum Daily Amount €5,000
      Maximum Daily Transactions 20 per day
      Maximum Contactless Transactions 10 before PIN required


      USD Card
      Transaction Type Limit
      Maximum ATM Withdrawal $400 per transaction
      Minimum ATM Withdrawal $20
      Maximum ATM Transactions 6 per day
      Maximum Transaction Amount $5,000 per transaction
      Maximum Daily Amount $5,000
      Maximum Daily Transactions 20 per day
      Maximum Contactless Transactions 10 before PIN required
  14. Your Details

    You must let us know as soon as possible if you change name, address, phone number or email address. If we contact you in relation to your Debit Card, for example, to notify you that we have cancelled your Debit Card or to send you a refund by cheque or other refund method, we will use the most recent contact details you have provided to us. Any email to you will be treated as being received as soon as it is sent by us. We will not be liable to you if your contact details have changed and you have not told us.

  15. Data Protection
    1. By ordering the Debit Card and using it, you agree that we can use your personal information in accordance with our Privacy Policy. Our Privacy Policy is set out on our Website, it includes details of the personal information that we collect, how it will be used, and who we pass it to. You can tell us if you don't want to receive any marketing materials from us.
    2. If we suspect that we have been given false or inaccurate information, we may record our suspicion together with any other relevant information. Personal data may also be transferred confidentially to other organisations involved in issuing or operating your Debit Card so that we can operate your Card correctly.
    3. We may obtain information about you to help us verify your identity for fraud prevention and/or money laundering. Scoring methods may be used in the verification process. A record of this process may be kept and used to help other companies to verify your identity. All personal information given by you may be checked with fraud prevention agencies and other organisations involved in crime prevention and may be used for the investigation of fraudulent activity and crime prevention to meet our obligations under the card scheme regulations, and if you have given false or inaccurate information and we suspect fraud we will record this.
    4. We may monitor and/or record telephone calls we have with you or your additional Cardholders to help us maintain and improve the quality of our customer service or as required by applicable law.
    5. The Debit Card is operated by MTACC LTD dba ePayService who are committed to preserving your right of privacy, which includes giving you control of how we contact you. Please note, you must agree to receive card account related emails, confirmation messages and other important announcements regarding your Debit card.
  16. Disputes with Retailers

    If you have any disputes about purchases made using your Debit Card, you should settle these with the person you bought the goods or services from. We are not responsible for the quality, safety, legality or any other aspect of any goods or services purchased with your Debit Card. Remember that once you have used your Debit Card to make a purchase we cannot stop that transaction.

  17. Communication

    If you have an enquiry relating to your Debit Card, you can use the Contact Us facility on the Card programme website or create ticket in your online account. Your enquiry will be dealt with promptly. The customer service number can also be found on the reverse of your card. Calls will be charged at standard rates. Call costs from other networks may vary.

  18. Complaints

    The Debit Card is issued by MTACC Ltd. trading as dba ePayService pursuant to license by Mastercard International. If you are unhappy in any way with your Debit Card or the way it is managed, you can contact us by using the email enquiry facility on the Website or by creating ticket in your online account so we can investigate the circumstances for you. You may be able to take unresolved complaints to the Office of the Arbiter for Financial Services (OAFS) in Malta which provides an independent and impartial mechanism of resolving disputes outside of the courts’ system, filed by customers against financial services providers authorised by the Maltese financial services regulator. More information and contact details at www.financialarbiter.org.mt

  19. Compensation

    The Debit Card is a payment instrument linked to a electronic money account or a payments account and although it is a product regulated by the Malta Financial Services Authority, it is not covered by the Depositor Compensation Scheme. No other compensation scheme exists to cover losses claimed in connection with the Debit Card. We ensure that any funds received by you are held in a segregated account so that in the unlikely event that we become insolvent your funds will be protected against claims made by creditors.

  20. Assignment

    We may assign the benefit and burden of these terms and conditions to another company at any time, on giving you 60 days prior notice of this. If we do this, your rights will not be affected.

  21. Governing Law

    This Agreement is concluded in English. All communications can be in English or other languages. These terms and conditions will be construed in accordance with laws of the Republic of Malta and subject to the jurisdiction of the Maltese Courts.

  22. Fund Protection

    As a responsible e-money issuer and payment services provide, licensed as a Financial Institution, MTACC Ltd ensures that once it has received your funds they are deposited in a secure account, specifically allocated for the purpose of redeeming transactions made by your Debit Card.

Debit Card Issuer

Debit Card is issued by MTACC Ltd, registered in Malta (C 71976) whose registered address is at 39 Triq Francis Zammit STJ3210, St. Julians Malta. MTACC Ltd is authorised and regulated by the Malta Financial Services Authority as a Financial Institution for the issuing of electronic money and the provision of payment services. Your Debit Card is the property of MTACC Ltd and is not transferable to anyone else.

Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.