Mechhive B.V. Virtual Card Program
These Terms and Conditions (hereinafter referred to as "Terms") are legally binding and govern the relationship between you (the "Cardholder" or "you") and Mechhive B.V., a company incorporated under the laws of The Netherlands, with its registered office at Essenstraat 1, 5616 LG Eindhoven, The Netherlands (hereinafter referred to as "Mechhive", "we", "us", or "our"), regarding your participation in and use of any Virtual Card Program (the "Program").
The Rewarble Terms & Conditions Apply.
The Program provides eligible participants with virtual payment cards (the "Card") for conducting transactions online. These Cards are issued by partnering banks, subject to these Terms and any additional terms set forth by the issuing banks. Cards may be issued under various payment networks including, but not limited to, Visa, Mastercard, American Express, and UnionPay.
To participate in the Program, you must be at least 18 years of age and reside in a jurisdiction where the Program is available. Different card programs may have varying Know Your Customer (KYC) requirements:
Simplified KYC: Some card programs may offer basic functionality with simplified verification up to certain transaction and balance limits
Full KYC: Certain card programs or higher transaction limits may require complete identity verification and additional documentation
Enhanced Due Diligence: Some jurisdictions or usage patterns may require additional verification steps
Mechhive reserves the right to verify your eligibility at any time and to refuse participation at its discretion. The specific KYC requirements for each program will be clearly communicated during the application process.
Cards are issued by Mechhive's partner banks, which may vary by program and region. These banks are licensed for card issuance in their respective jurisdictions.
Upon issuance, Cards are activated for a specified period. Cardholders may extend this activation period under the conditions specified on the website.
Some cards may be reloadable, subject to program-specific terms
Daily, weekly, monthly, and annual loading limits may apply
Loading limits may vary based on KYC level and card program
All applicable limits will be displayed on the website during relevant transactions
Minimum and maximum transaction amounts apply
Limits may vary by card program and KYC level
Multiple declined transactions may result in temporary card suspension
After 10 consecutive declined transactions, your card may be frozen or suspended by the issuing bank due to regulatory requirements
Cards must not be used for transactions exceeding the loaded balance
Use of Cards in countries designated by the Financial Action Task Force (FATF) as non-cooperative in the fight against money laundering and terrorist financing is prohibited
Specific merchant category restrictions may apply based on the card program
In the event of:
A breach of these Terms
Fraudulent activities
Excessive declined transactions
Regulatory requirements
Request by our partner banks
Mechhive reserves the right to suspend your account and any associated Cards. Notification of such suspension will be communicated via email.
All applicable fees and charges are clearly displayed on the website at each relevant step of the customer journey. These fees may include but are not limited to activation fees, reload fees, and card generation fees. Please refer to the website for current fee information.
Mechhive reserves the right to modify these Terms at any time without prior notice. Such modifications will be effective immediately upon posting on our website or notification to you.
These Terms shall be governed by and construed in accordance with the laws of The Netherlands.
Any disputes arising out of or in connection with these Terms shall be submitted to the exclusive jurisdiction of the Rechtbank Oost-Brabant.
Mechhive and its partner banks shall not be liable for losses incurred due to unauthorized use of the Card, provided that the Cardholder has taken reasonable measures to protect the Card details.
The balance on any Card is not refundable and cannot be transferred back to the Mechhive account
Cardholders may assign nicknames to Cards for identification purposes within their Mechhive account
All Cards are subject to the terms and conditions of their respective issuing banks and payment networks
Transaction monitoring systems may automatically flag and temporarily suspend cards based on suspicious activity patterns
For inquiries or support, please refer to the contact details provided on our website.
By participating in the Program, you acknowledge that you have read, understood, and agreed to be bound by these Terms. If you do not agree to these Terms, you must not use or access the Program.
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