The organiser of the “Community Bonus Invest” programme is Satispay Invest SA, an investment firm authorised and regulated by the Commission de Surveillance du Secteur Financier (no. P555). The promotion is linked to the specific Community Bonus promotion of Satispay Europe S.A. (“Community Bonus”) indicated from time to time, but is independent and separate from it. The promotion is valid during the period specified in the communication received by the Beneficiaries (e.g. by email or within the Satispay App).
The programme is open to all Satispay consumer users who have received a specific communication concerning, among other things, the Community Bonus promotion (the “Beneficiaries”). We choose Beneficiaries based on homogeneous, objective criteria predetermined by us, also through market analysis (including, for example, biographical and geographical information and use of the App).
Thanks to the programme, Beneficiaries will be entitled to a bonus (the “Extra Bonus”) for each friend invited or for accepting an invitation, under the terms and conditions described below.
The Extra Bonus is awarded, as specified in the promotional communication received (by email or in the App), in one of the following forms: (i) units or shares (whole or fractional) of the first investment fund in which the Beneficiary has invested, in chronological order, during the validity period of the promotion (the following funds are included: Satispay Obbligazionario, Satispay Bilanciato or Satispay Azionario Globale and the remunerated Money Box); (ii) shares (whole or fractional) of the first company in which the Beneficiary has invested, in chronological order, during the validity period of the promotion, or units or shares (whole or fractional) of the first ETF in which the Beneficiary has invested, in chronological order, during the validity period of the promotion through the “Trading Services” offered as part of the “Satispay Investment Services”. The value and form of the Extra Bonus to which the Beneficiary will be entitled may vary and will always be specified in the communication received by the Beneficiary (by email or in the App). The value of any units or shares of the investment fund, company or ETF awarded is subject to market changes and fluctuations, and these instruments are not equivalent to cash. The Extra Bonus, in whatever form it is awarded, is actually credited according to the technical timeframes applicable to the relevant instrument and, in any event, within 60 days of receipt of the first promotional communication.
The Beneficiaries entitled to receive the Extra Bonus are both (i) those who invite one or more friends and (ii) those who receive (and accept) an invitation, provided that each of them also meets all the conditions applicable to them for obtaining the “bonus” under the Community Bonus programme, as well as the conditions set out below in this section.
In particular, to receive the Extra Bonus, the inviter under the Community Bonus programme must, by the date specified in the promotional communication received: (i) have invited at least one friend and obtained the “bonus” provided for by the Community Bonus programme; and (ii) be registered or successfully register for the “Satispay Investment Services”, accepting the relevant general terms and conditions (the “Satispay Investment General Terms and Conditions”) and passing the checks required to use those services; and (iii) depending on what is specified in the promotional communication, meet one of the following conditions: (a) purchase shares (whole or fractional) of at least one of the Satispay funds available in the “Investments” section of the App (choosing from Satispay Obbligazionario, Satispay Bilanciato or Satispay Azionario Globale) for an amount at least equal to that specified in the promotional communication; or (b) purchase units (whole or fractional) of the money market fund invested in through the remunerated Money Box available in the “Savings” section of the App for an amount at least equal to that specified in the promotional communication; or (c) be registered or successfully register for the “Trading Services”, as defined in the Satispay Investment General Terms and Conditions, accepting the general terms and conditions of Upvest Securities GmbH and passing the checks required to use those services, and carry out a purchase transaction of company shares (whole or fractional) or ETF units or shares (whole or fractional) for an amount at least equal to that specified in the promotional communication.
To receive the Extra Bonus, the invitee under the Community Bonus programme must, by the date specified in the promotional communication received: (i) have accepted an invitation from an inviting friend and obtained the “bonus” provided for by the Community Bonus programme; (ii) be registered or successfully register for the “Satispay Investment Services”, accepting the Satispay Investment General Terms and Conditions and passing the checks required to use those services; and (iii) depending on what is specified in the promotional communication, meet one of the following conditions: (a) purchase shares (whole or fractional) of at least one of the Satispay funds available in the “Investments” section of the App (choosing from Satispay Obbligazionario, Satispay Bilanciato or Satispay Azionario Globale); or (b) purchase units (whole or fractional) of the money market fund invested in through the remunerated Money Box available in the “Savings” section of the App; or (c) be registered or successfully register for the “Trading Services”, as defined in the Satispay Investment General Terms and Conditions, and carry out a purchase transaction of company shares (whole or fractional) or ETF units or shares (whole or fractional) for an amount at least equal to that specified in the communication received.
For both the inviter and each invitee, the amount to be invested under condition (iii) above must be reached through a single purchase transaction, and cannot be reached by adding together several transactions of a smaller amount. Any purchases of shares or units made before receipt of the promotional communication do not count towards meeting this condition.
Please remember that investments involve risks, including the potential total loss of the capital invested. The value of units or shares received as an Extra Bonus is subject to market changes and fluctuations depending on the performance of financial markets, and past performance is not indicative of future results. This value may therefore increase or decrease compared with the value of the units or shares at the time they were awarded. Fractional shares and ETFs involve additional risks and do not confer voting rights.
Execution and custody services relating to company shares and ETF units or shares are provided by our partner Upvest Securities GmbH, authorised by and subject to the supervision of BaFin.
Company shares and ETF units or shares received as an Extra Bonus are subject to taxation under the tax rules in force. In this case, it is the Beneficiary’s responsibility to declare the income arising from the transactions and pay taxes in accordance with the applicable legislation.
We reserve the right to modify, suspend and/or cancel the programme at any time. In that case, we will give advance notice of our decision via notification on the App, by email or through the website www.satispay.com. The modification, suspension and/or cancellation of the programme will not affect enrolments already started or bonuses accrued before the effective date of the modification/suspension/cancellation.
We process the personal data of Beneficiaries as part of the programme in accordance with applicable personal data protection laws. For further information, please consult our privacy policy.
This programme and any dispute or claim arising out of or in connection with it shall be governed by and construed in accordance with Luxembourg law, provided that the law of the Beneficiary’s place of residence or domicile may also apply where mandatory provisions are more favourable to the consumer. For the resolution of any dispute or claim arising out of or in connection with this programme, the competent court shall be the court of the Beneficiary’s place of residence or domicile.
You can contact us using the “Contact us” function in the Satispay App, by email at support@satispay.com or by post at 53 Boulevard Royal, L-2449 Luxembourg.
