OBLIG@TIONS can be purchased only after evaluating the quality of the service that the ISSUER provided.
USER will confirm assessment for ISSUER by payment on IITO ISSUERs subpage to receive the ISSUERs OBLIG@TIONS.
OBLIG@TIONS can be used as confirmation payment for ISSUERS SERVISES.
To reserve a service using the OBLIG@TIONS, have the USER name and digital validator ready and insert it during reserving on directly IITO ISSUERs subpage.
The OBLIG@TIONS are valid until fully redeemed within the expiry date.
OBLIG@TIONS are valid for 5 years from the issue date and can be useed direcltly on IITO ISSUERs subpage.
The ISSUERs ability to provide services using DEPOT OBLIG@TIONS is displayed in ISSUERs balance sheet (independent IITO blockchain based ledger) and visible on the IITO ISSUERs subpage.
OBLIG@TIONS are issued according to the denomination selected at the time of purchase. The denominations go from €10 to €2000 or local currency equivalent. The maximum purchasable amount per transaction is €2000 or local currency equivalent.
The IITO OBLIG@TIONS recipient must be aged 21 years or over. OBLIG@TIONS cannot be issued for children.
If you don't use all of your IITO OBLIG@TIONS balance at one time, you can use those for future transactions.
If USER is reserving ISSUER service with OBLIG@TIONS transactions for group, this person must be like group member.
The OBLIG@TIONS can not be redeemed in name's other than the recipients.
The OBLIGATIONS can not be resell for any privat or legal person.
There is an validate fee of 3*euro oblig@tions* on DEPOT OBLIG@TIONS.
Please be advised that any OBLIG@TIONS transactions are non-refundable.
Updated May 28th, 2022: INCREASE THE AMOUNT on the user's IITO account is possible to confirm by payment no earlier than 14 days before booking. The goal is to protect the rights of consumers and service providers in accordance with the requirements of The Omnibus Directive https://eur-lex.europa.eu/eli/dir/2019/2161/oj