Editorial of 21.07.2025

Terms and conditions of www.ricofx.ge currency operations

The purpose of this document (hereinafter referred to as "Rules") is to describe in detail and Define binding terms and conditions, Rights and obligations of the parties to the client and microfinance organization "Rico Express" LLC (hereinafter "Mfo") only on the currency conversion platform www.ricofx.ge (hereinafter "Platform") for currency transactions from time to time.

In addition to the Rules, the relationship between the Client and MFO is governed by the applicable laws and regulations of Georgia.For the avoidance of doubt, the Rules do not govern relationships that including those related to currency conversions between the client and Mfo It is carried out in another space, on Mfo branches and other platforms.

Definition of terms

Mfo - Micro Financial organization;
Client - a natural person, a legal entity registered in Georgia or An individual entrepreneur who uses the platform to carry out currency transactions buying and selling operation;
Currency transaction/conversion - currency buying and selling operation;
Buying currency – buying foreign currency with GEL;
Sale of currency – sale of foreign currency for GEL;
Commission – a fee imposed on the currency purchase and sale operation;

Article 1

1.1 The customer acknowledges that he has the right to convert to convert currency on the platform www.ricofx.ge;
1.2 By agreeing to these rules, the client confirms that of his own free will On the basis of free expression, he wants to use the platform conversion under the conditions established by Mfo on the same platform;
1.3 Mfo is obliged to convert at the client's request Satisfaction only if the said request is received submission under the conditions established by these rules;

Article 2

Before performing the currency exchange, the client is obliged to agree to the rules, to register on the platform and pass authorization;

Article 3

3.1 After authorization, the client will go to the main interface, where it will appear Mfo currency exchange rates, mfo accounts in different banks and currency exchange calculator;
3.2 The client must choose the desired bank account in the desired currency;
3.3 The client must select the appropriate currency field of the calculator and must enter the desired amount;
3.4 The customer must agree to the terms and conditions;
3.5 Actions provided for in Articles 3.2, 3.3 and 3.4 of these Rules After execution, the client must press the "Convert" button and at this time Mfo will accept the client's request for currency exchange.
3.6 No later than 5 (five) minutes after pressing the "Conversion" button, the client It should be done from internet or mobile banking Transfer money to Mfo's account In exactly the same currency, in the same amount and in the same account as by him It was recorded while performing the actions described in Articles 3.2-3.4 of the Rules.
3.7 The client must indicate the following destination during the transfer: "Currency conversion";
3.8 Conversion will be carried out at the exchange rate fixed will be on the platform at the moment the client clicks the conversion button;
3.9 Mfo is obliged to transfer the converted amount to the client by the client for mfo no later than 20 minutes after the money transfer;
3.10 In the event that the Customer does not comply with the above requirements Procedures provided for in Articles 3.2-3.7 of the Rules, as well as if the client Any other type of non-conformity will be detected in the action, Mfo will not exchange the currency and the client will be refunded the same amount, the same currency and to the same bank account number from which the transfer was made. And if the amount transferred by the client is not exactly the same The transfer fee will be deducted from the user's amount made from the bank and it will be returned to the same account from which the money was deposited;

Article 4

4.1 Currency exchange is possible every Monday, Tuesday, Wednesday, Thursday and Friday from 10:00 to 19:00;
4.2 The customer confirms that he has familiarized himself with the Currency exchange conditions in detail, which it is acceptable to him and he agrees to these terms and conditions;
4.3 Mfo is obliged to provide services to the client after the client will carry out the transaction towards the company and for the purpose of conversion.
4.4 The client is obliged to carry out the transaction from a multi-currency account, so that Mfo can provide services and belongings without interruption entering into obligations;
4.5 Mfo will provide services only in the territory of Georgia;
4.6During the Currency exchange, the purchase and sale of currency by Mfo is carried out only at a predetermined rate;
4.7 The client is obliged to pay the Bank of Georgia service fee only if he/she buys US dollars or euros and uses the account of JSC “Bank of Georgia” to receive the purchased amount. The said fee shall be paid for each transaction in the following amount:
a) For purchases of up to and including 5000 USD – the Bank of Georgia commission fee is 2 USD,
For purchases over 5000 USD – the commission fee is 7 USD.
b) For purchases of up to and including 5,000 EUR – the Bank of Georgia commission fee is 2 EUR;
For purchases over 5000 EUR – the commission fee is 7 EUR.
4.8 The client is obliged not to enter into and execute a currency transaction use and/or misrepresent false, incorrect or misleading information information. The Customer shall indemnify Mfo against all losses and expenses incurred by Mfo occurs as a result of breach of this obligation by the client;
4.9 Mfo is entitled to refuse the Customer's request for conversion to satisfy, If this request is submitted in accordance with the present rules Violating the terms or complying with this requirement is contrary to applicable law legislation. Mfo will not be fined or sanctioned for this;
4.10 The parties are obliged to maintain confidentiality.