Terms and Conditions for Riverty 14-day Invoice

Version [2.3], applicable as of 12.07.2022.

What is Riverty 14-day Invoice?

Riverty 14-day Invoice allows you to pay your order in our web shop by invoice ("Riverty 14-day Invoice").

We as the Merchant (hereinafter the "Merchant") offer you Riverty 14-day Invoice in our web shop in cooperation with a third party service provider, Riverty GmbH, G├╝tersloher Str. 123, DE-33415 Verl, Germany ("Riverty", for more information see https://my.riverty.com/en-ch/support/faq?type=contact). To be able to pay with Riverty 14-day Invoice you have to be at least 18 years old.

If you select to pay your order with Riverty 14-day Invoice, this means that

Scope of these Terms and Conditions

Please note that these terms and conditions apply once you select to pay via Riverty 14-day Invoice in the Merchant's web shop and constitute rights and obligations applicable between you and the Merchant (and between you and the Merchant's service provider Riverty, following the Transfer of Claim to Riverty). These terms and conditions become an integrated part of the purchase agreement concluded between you and the Merchant.

For the avoidance of doubt, these terms and conditions shall also apply if your order with the Merchant has been made by telephone.

1. Operation of Riverty 14-day Invoice and Notice of Transfer of Claim

1.1 Upon your selection to pay with Riverty 14-day Invoice, the Merchant will assess whether this payment solution is available for your order. For this purpose, Riverty will perform a Credit Check (as defined in Section 4.3 below) and an Address Check (as defined in Section 4.6 below) .

1.2 If Riverty 14-day Invoice is available for your order, the Merchant will confirm it to you upon completion of your order in the web shop. If you are not able to pay by Riverty 14-day Invoice, you may choose another payment option available in the checkout.

1.3 Notice of Transfer of Claim: Once a binding purchase agreement has been formed between you and the Merchant regarding your order, the Merchant will transfer and assign the claim for the purchase price arising from the purchase agreement with you to Riverty. Due to this Transfer of Claim you will receive an Invoice from Riverty setting forth the amount due, usually digitally via e-mail (or via regular mail where no e-mail address is available) and separately from the delivery of the order.

1.4 Following the Transfer of Claim, your payment has to be made to Riverty. Further, Riverty is entitled to exercise the same rights against you with respect to payment as the Merchant could exercise against you in accordance with the purchase agreement concluded between you and the Merchant.

1.5 In the event you pay someone else than Riverty following the Transfer of Claim, your payment obligation to Riverty remains. In such a case, you should then pay (again), this time to Riverty.

1.6 The claim against you can, at all times, unilaterally be transferred by Riverty to a third party, including a debt collection agency, in case of payment default.

2. Payment

Your payment must be made to Riverty within 14 days after the Invoice date. The bank account and all required details will be set out in the Invoice submitted to you by Riverty.

3. Payment Default

3.1 If you do not pay within the period specified in Section 2 above, you are automatically immediately in payment default without any prior notice being required. The amount owed by you to Riverty due to the Transfer of Claim is immediately claimable.

3.2 From the date you are in payment default pursuant to Section 3.1, you can be charged without any prior notice being required, (i) the statutory interest rate on the amount you owe from the due date until the date of full payment, as well as (ii) a reminder fee in the amount of 2,40 CHF per reminder. You have the right to prove that no damage was caused to the Merchant or Riverty by the respective reminder or that the damage is significantly lower than the reminder fee. The Merchant and Riverty reserve the right to prove that greater damage has been caused by processing the respective reminder or by handing it over to a debt collection agency. If the outstanding claim is handed over to a debt collection agency, additional costs will arise. You undertake to reimburse the effectively incurred collection costs to the extent permitted under applicable law (Art. 27 para. 2 SchKG).

3.3 Any payments made by you to Riverty will first be allocated to the amount originally owed by you and only after such amount has been fully paid will be allocated to any costs owed by you due to your payment default.

4. Protection of Personal Data and Use of Data

4.1 Your privacy is respected and your personal data is treated confidentially.

4.2 If you selected to pay with Riverty 14-day Invoice as a payment solution in the web shop, the Merchant will send Riverty your contact details (name, address, if applicable date of birth, e-mail address) as well as information on the items you ordered (e.g. order value, product group, value of goods, possibly order channel and delivery type). Based on this information, Riverty will perform a credit check to decide whether Riverty 14-day Invoice is available for your order.

4.3 Riverty will send your contact details as well as information about the goods / services you have ordered, via informa solutions GmbH, Rheinstrasse 99, 76532 Baden-Baden, Germany, as its processor, to CRIF AG, Hagenholzstrasse 81, 8050 Zurich ("CRIF"), for a credit check (the "Credit Check").

4.4 The processing of your data occurs in the context of concluding and carrying out the purchase agreement. In particular, the processing also serves the purpose of performing a credit check. CRIF creates a forecast, in particular on payment probabilities (score), taking into account address data and payment histories based on mathematical-statistical methods (especially logistic regression methods and comparisons with groups of persons that have a similar payment history in the past), and provides this score to Riverty. Based on the information on the goods / services you have ordered, the score provided by CRIF, your contact information and potentially payment data already stored at Riverty, a balanced decision will be taken whether Riverty 14-day Invoice is available for your order. In addition, informa Solutions GmbH uses Fraud.net Inc., 330 7th Avenue, New York City, NY 10001, USA, as another processor for fraud prevention and detection. The data is stored in the EU, but Fraud.net accesses this data from the USA. Standard contractual clauses as published by the EU Commission have been concluded with Fraud.net in order to ensure an adequate level of data protection in the EU.

4.5 Legal basis for this data processing will be Art. 6 para. 1 sentence 1 lit. b) and f) GDPR. The Merchant's legitimate interest is to be able to assess and decide whether it can offer you a high-risk payment solution such as payment by invoice. Riverty's legitimate interest is to assess if you will fulfil your payment obligations following the Transfer of Claim as Riverty takes over the credit risk upon the Transfer of Claim.

4.6 In addition, the Merchant will forward the address data (name and address) provided by you to Riverty pursuant to Art. 6 para. 1 sentence 1 lit. f) GDPR. Based on this address data, Afterpay will perform an address verification to avoid incorrect deliveries and bad debts (the "Address Check").

4.7 Riverty transmits this information to CRIF using informa solutions GmbH as a processor. CRIF uses this data to perform the address verification and prepares the result available for further review.

4.8 Any transmission of data required for the Address Check and the Credit Check will be via a secure interface. Any legitimate interests in relation to you and your personal data will, of course, be taken into account in accordance with the applicable laws.

4.9 In accordance with Art. 21 para. 1 of the GDPR, you have the right, for reasons of your own particular situation, to object at any time to the processing of your data for the above purposes with future effect. This also applies to a profiling carried out in the context of the aforementioned purposes. A message via e-mail or letter to the Merchant is sufficient to object. The current contact details can be found in the imprint of the Merchant's web shop. If you do object to the processing of your data hereunder, please note that the Merchant can no longer offer you any payment options with credit risk for your orders in the web shop. However, you will still be able to select other payment options (e.g. pre-payment).

4.10 We use your contact information to send you advertisements by post, email, MMS, SMS or via the Riverty app about other Riverty products, such as payment by instalments ("Riverty Flex") or monthly billing nd communication regarding customer satisfaction. You will then receive customer satisfaction communication by email as well as advertising by email, MMS or SMS even without your express consent if we have received your email address or telephone number in connection with the use of our services and the products/services advertised by us are similar to those you have already used with us in the past. You can object to this use of your contact information for customer satisfaction communication and advertising purposes at any time by sending an email to datenschutz@afterpay.de. This will not incur any additional costs for you, except for the transmission costs according to the base rates.

Furthermore, at the end of each e-mail, MMS or SMS, you will be given the opportunity to object to the further use of your e-mail address or telephone number by us for the aforementioned purpose (advertising of comparable goods and services) in the future.

More detailed information about Riverty in accordance with Art. 14 GDPR, in particular information on business purposes, data storage purposes, data recipients, the right of access to information about your data, the right to delete or rectify data, etc. can be found under the following link:http://documents.riverty.com/privacy_statement/checkout/ch_en/