Introduction

These Terms and Conditions ("Terms") govern your participation in the Airwallex for Startups Promotion ("Promotion") offered by Airwallex Pty Ltd AFSL 487221 ("Airwallex," "we," "us," or "our"). These Terms are incorporated into and form part of the Customer Agreements between you ("Participant") and us ("Customer Agreements") regarding the use of our services ("Services") and shall be interpreted as such. Capitalised terms not defined herein shall have the meanings assigned to them in the Customer Agreements.

1. Promoter Details

Airwallex Pty Ltd ABN 37 609 653 312, located at Level 7, 15 William Street, Melbourne, Victoria 3000, Australia, is the promoter of this Promotion.

2. Eligibility Criteria

To be eligible for the Promotion, Participants must:

• be a new Customer of Airwallex with less than 100 employees and an ABN;

• be actively applying for and/or participating in a pre-accelerator or accelerator program or raising funding from a venture capitalist;

• have signed up by 30 September 2024 as a new Customer of Airwallex and enrolled in the Promotion through a link sent via an Airwallex partner on Airwallex’s website;

• have been onboarded by Airwallex as a new Customer following satisfaction of all our requirements (including the onboarding know-your-customer requests); and

3. Promotion Details

Participants in this Promotion will benefit from:

• AUD$50k fee free FX for your next capital raise.

  • Eligible Participants will receive a waiver on standard customer mark-up/margin fees for the first A$50,000 equivalent of spot FX Conversions made using the Airwallex Account. This waiver does not apply to other transaction types, including Lock FX or Forward Contracts.

  • The FX Promotional Limit will be calculated based on the currency sold to Airwallex, and may adjust for refunds, reversals, cancellations, mistaken payments,  and other similar transactions.

• AUD$50k worth of payments acceptance gateway fee waiver to onboard your first customers.

• Free employee cards for your co-founders and access to reimbursement for your employees for 6 months.

4. Promotion Period and Expiration

The Promotion Period commences on 1 May 2024, 00:00 AEST, and ends on 30 September 2024, 23:59 AEST, unless otherwise extended or shortened as notified by Airwallex. Airwallex reserves the right to amend these Terms or cancel, suspend, or amend this Promotion at any time without prior notice.

5. Fee Waivers

During the Promotion, the following fee waiver conditions apply:

• The fee waiver for fees and margin on the first $50,000 AUD in FX conversions will be provided in the form of monthly cashbacks after you enrolled in the Promotion campaign through the link.

• The fee waiver for the first $50,000 AUD worth of payments acceptance applies to Gateway Fees for Cards and Local Payment Methods only (see our Fee Schedule for further details), and will be provided in the form of monthly cashbacks after you have enrolled in the Promotion campaign through the link.

• Employee card fees are rebated per calendar month for a maximum of three (6) calendar months after account activation. Each card must make one transaction per calendar month to qualify.

Please note that the fee waiver offer provided under this Promotion will expire 6 months following the approval of the Participant's Airwallex Account or when $100,000 AUD equivalent of FX currency conversions is reached, whichever comes first. To claim the fee waiver, Participants must complete a spot FX Conversion using their Airwallex Account within this 6-month period. Failure to claim the fee waiver within this timeframe will result in the forfeiture of the offer, and standard rates as shown on our Fee Schedule will apply to any transactions thereafter. 

6. Acceptance

By participating in the Promotion, Participants accept these Terms and agree to be bound by them, effective as of the earliest of their written acceptance or the Email Confirmation date.

7. Exclusivity

This Promotion cannot be used in conjunction with any other offers unless specified by Airwallex.

8. Rights Reserved

Airwallex reserves the right to modify, suspend, or cancel the Promotion as necessary.

9. Termination

This Promotion expires on 30 September 2024 unless extended or shortened by Airwallex. This Agreement automatically terminates if the Participant's Customer Agreement with Airwallex is terminated for any reason. Airwallex reserves the right to amend these Terms or cancel, suspend, or amend this Promotion at any time without prior notice.

10. Use of Personal Information

Any personal information provided to Airwallex in connection with this Promotion will be used in accordance with our Privacy Policy.

11. Transferability

Participants may not transfer their rights or obligations under these Terms without our written consent.

12. No Third-party Rights

These Terms create rights and obligations only between the Participant and Airwallex; no third party may enforce any terms herein.

13. Governing Law and Jurisdiction

These Terms are governed by the laws of Victoria, Australia, and Participants agree to submit to the exclusive jurisdiction of the courts in Victoria, Australia.

14. Contacting Airwallex

For inquiries, Participants may contact us via email at [email protected] or through our website at www.airwallex.com.

15. Additional General Terms

• Indemnification: Eligible Participants agree to indemnify, defend and hold harmless the Airwallex group and its officers, directors, employees, advisors, agents, and subcontractors from and against any loss, damage or expense (including reasonable attorneys’ fees) incurred in connection with any claims, actions, demands, suits or proceedings made against the Airwallex group by a third party or suffered by the Airwallex group in connection with or as a result of the Eligible Participants’ breach of these Terms, failure to comply with applicable law or the Eligible Participants’ use or misuse of the Promotion.

• Conflict Resolution: In the event of a conflict between these Terms and any Customer Agreement, these Terms shall prevail.