OKX Pay and Card - Legal Documents and Acknowledgements
OKX Card and OKX Pay - pre-access acknowledgement
Issued by Bano Pty Ltd (ABN 93 643 260 431) AFSL 536984.Distributed by OKX Australia Pty Ltd (ABN 22 636 269 040) as Corporate Authorised Representative No. 1318306.These products are offered consistent with the relevant Target Market Determination (TMD).
Before you continue
Please read the following documents.For OKX Card:
Product Disclosure Statement (PDS) (sets out fees and spreads; the Card Terms and Conditions form Section B of the PDS)
For OKX Pay:
Product Disclosure Statement (PDS) (the Pay Terms and Conditions form Section B of the PDS)
Key acknowledgements
You acknowledge that:
the Issuer is not a subscriber to the ePayments Code.
fees and conversion costs apply, including Mastercard's merchant-currency to USD rate.
OKX Card, OKX Pay and stablecoins are not bank deposits, do not have capital protection, do not have guaranteed returns, are not covered by the Financial Claims Scheme, and may lose value.
You understand stablecoins and digital wallets, and you can afford and tolerate the risk of loss of value of stablecoins held in Pay.
the products are available only to Australian residents and must be applied for via the OKX website or App, consistent with the Target Market Determination.
some merchant categories are restricted and transactions may be declined for risk or regulatory reasons, and that AML/CTF screening may delay, block or cancel transactions.
OKX, Bano and Mastercard will never ask you for your password, your Pay Passkey, your one-time codes or your full Card details, and you will not authorise a payment if you are unsure who you am paying or why; you understand that authorised payments cannot be reversed.
Stay safe from scams
Before you continue, please take a moment to understand how scams targeting payment accounts and stablecoins work.- Authorised push payment scams. Scammers may try to trick you into authorising a Card payment or sending stablecoins from your Pay Wallet to them. Common examples include: someone pretending to be a friend or family member in distress; an investment "opportunity" promising high or guaranteed returns; a delivery company asking for a small re-delivery fee; a romantic interest you have not met in person; a "government agency" demanding immediate payment; or a "tech support" call asking you to move funds for safekeeping. Once you authorise a payment, it cannot be reversed.- Never share your credentials. OKX, Bano and Mastercard will never ask you for your password, your Pay Passkey, your one-time codes (OTP, SMS or authenticator), or your full Card number, expiry or CVC. If anyone asks for these - even if they say they are from OKX, Bano, Mastercard, your bank, the police or a government agency - do not give them out, and report the contact to us via the OKX App.- Stop, check, report. Take time to verify any payment request through a separate, trusted channel before you authorise it. If you are unsure, do not pay. If you think you have been targeted by a scam, contact OKX customer service immediately on the OKX App.
General advice warning
Any information provided is general in nature and does not take account of my objectives, financial situation or needs. You should consider whether the products are appropriate for you and read the relevant PDS (including the Terms and Conditions in Section B) before deciding.