General Provisions
This Payment Policy is an integral part of the Terms and Conditions governing the acceptance and processing of payments and bets on 7i777. The Company may modify this Policy without prior notice where justified by agreements with financial institutions, payment solution providers, partners, and processors. By continuing to use the Platform, Users acknowledge and consent to this Policy.
- The Policy forms part of the Terms and Conditions for 7i777 and applies to all payment methods used on the Platform.
- The Company may update payment procedures, verification requirements, and limits in accordance with applicable law and partner arrangements.
- Users must comply with all applicable laws and the Platform’s liquidity and AML controls when handling funds.
Deposits
Deposits are governed by the following rules and conditions. The Company reserves the right to adjust these parameters, which will be reflected on the Platform.
- Minimum Deposit: A User must make a minimum deposit to begin playing, with demo accounts excluded from wagering requirements.
- Deposit Limits: The platform will specify minimum and maximum deposit levels for each method; users should refer to the current limits displayed on the site.
- Cleared Funds: Users may only wager and play with funds that have cleared and are available in the account.
- Accepted Methods: Deposits may be made online using debit or credit cards and supported e-wallets. Cash or cheques are not accepted.
- Method Availability: Some payment methods may be restricted by jurisdiction or currency.
- Means of Deposit: All deposits must be processed through a Financial Institution or Payment Solution Provider via the methods listed on the Platform.
- Account Verification: In order to participate in play, users must have sufficient funds available in their account.
- Credit Verification: Deposits below the applicable minimum may not be credited to a user’s account.
- Currency Handling: The Company accepts multiple fiat currencies; if a user’s account uses a different base currency, the provider or bank will perform the currency conversion prior to crediting the account.
- Minimum Deposit Amount: The minimum per-deposit amount is 20 USD or the equivalent in other currencies, subject to change by the Company.
- Per-Transaction Limits: The maximum deposit amount per transaction depends on the chosen method, with limits published on the Platform.
- Personal Payment Method: Users must use their own payment method, and the name on the payment method must match the name registered on the User’s account.
- Illicit Funds: It is unlawful to fund an account with proceeds of crime; the Company reserves the right to verify origin of funds and to process withdrawals via the same method used for deposits where appropriate.
- Deposit Confirmation: Deposited funds become available after deposit confirmation, subject to additional verification if required.
- KYC on Deposits: The Company may require additional Know-Your-Customer procedures when deposits are made.
- Bonuses: The Company may credit bonuses under terms determined by the Company and applicable to the User’s account.
Withdrawals
Withdrawal rights and procedures are described below. The Company may impose additional verification as part of AML/KYC controls.
- Withdrawal Options: The Company clearly states available withdrawal options, which may vary by jurisdiction or market.
- KYC for Withdrawals: Users must complete identity verification before withdrawals are processed.
- Minimum and Maximum Withdrawals: The minimum fiat withdrawal is 40 USD or equivalent; maximums depend on the selected method.
- Funds with Different Deposit Types: Fiat withdrawals are not permitted if the corresponding deposit was made in virtual currency, and vice versa.
- Virtual Currency Withdrawals: Withdrawals involving virtual currency are transferred to the user’s linked virtual currency wallet on the Platform.
- Per-Transaction Limits: The maximum withdrawal per transaction varies by payment method and is published on the Platform.
- Monthly/Weekly/Daily Limits: Non-jackpot winnings are subject to withdrawal limits up to 20,000 USD per month; weekly and daily limits are published on the Platform. Crypto withdrawals have separate daily, weekly, and monthly caps.
- Additional Verification: The Company may perform further KYC checks for any withdrawal requests.
- Timing of Decisions: Withdrawal requests should be approved or denied within two (2) days. Users may cancel a withdrawal request before it is finalized.
- Play-Through Requirement: A withdrawal is eligible only after the user has played through active deposited funds at least one time (x1) in accordance with AML practices.
Refunds and Chargebacks
Refund and chargeback handling is set out as follows. The Company reserves the right to determine the outcome of such requests in accordance with policy and applicable law.
- Chargebacks: A chargeback reverses funds to the user if evidence demonstrates the transaction was void or fraudulent.
- Impact of Chargebacks: The Company bears the financial impact of chargebacks, including any associated fees or exchange losses.
- Account Blocking: The Company may block the user’s account if a chargeback request is received or if suspected fraud is detected.
- Refunds Initiation: Refunds are initiated and executed by the Company, independent of bank or processing institutions.
- Refund Timing: The Company will decide on refund requests within two (2) days and notify the user by electronic communication.
- Service Consumption: Refunds are not issued for services consumed instantly during gameplay.
Additional Provisions
- Incorrect Credits: If winnings are credited in error, the erroneous amount remains the property of the Company and will be debited from the user’s account.
- Freeze and Set-Off: The Company may freeze funds or withhold winnings and may exercise set-off against subsequent winnings in cases of incorrect crediting or abuse.
- Proportionality of Deposits: Deposits should reflect gameplay activity; the Company may cancel deposits, withdrawals, or other transactions if abuse is suspected.
- Documentation: The Company may request additional documentation at any time during the account’s lifetime.
- Financial Institution Status: Users are not entitled to interest and are not considered financial institutions by the Company.
Fees and Taxes
- Tax and Fees: Users are solely responsible for all applicable fees and taxes on winnings in accordance with their jurisdiction.
- Reporting Obligations: Where legal requirements mandate reporting of winnings or losses, the User is responsible for compliance and reporting to the relevant authorities.
