In these Terms of Service, 'redemption' and 'payment of earnings' means any type of request for us to pay you or award to you any money in exchange for an amount of your accumulated earnings. This currently only applies to payment by PayPal.
As the Service is available globally, we will only make payments through the PayPal service by United States Currency (USD).
At the time you make a request for redemption of your earnings, we will review the details and transaction history of your membership account, and the details of any related membership accounts, to check for any evidence of fraud or deception by you. If we have evidence or reason to believe that you have acted fraudulently or deceptively in your dealings with us, we may choose to deny your request for redemption of earnings and take other action such as cancelling your membership account as permitted by these Terms of Service.
In clause 'related membership accounts' means any membership account that referred your membership account, or any membership accounts that were referred by your membership account, or any membership account that has provided the same residential address or postal address as your account.
At the time you make a request for redemption of your earnings, we reserve the right to request from you a copy of a proof of identification document, for account verification and security purposes, before approving your request for redemption or payment of earnings. If you are unable or elect not to provide a copy of a proof of identification document, we may deny your request for payment of earnings.
The rate at which you may redeem your earnings is at our discretion, and may vary from time to time without notice.
readbud has no obligation in respect of any tax due on the Funds given to a member and the member shall be responsible for declaring any income received from readbud under this Agreement.
You acknowledge that readbud owes you no funds until you reach the redemption threshold which is currently $50.
readbud will attempt to honour the funds owed once a redemption is made, however if readbud is experiencing financial or technical trouble or has defaulted in bankrupcy, readbud and readbud stakeholders will not be liable for any post redemption threshold funds owed.
All funds are in United States Currency (United States Dollar, USD)

Payment by PayPal

Payment of earnings by PayPal is only possible if you provide a valid PayPal account at time of redemption request.
You are solely responsible for ensuring the accuracy of the information provided for the purposes of a PayPal transfer.
We will only approve and process a PayPal payment of earnings where the nominated account is the same as or includes, the name under which your membership account was registered.
If a payment of earnings by PayPal that you request is processed to the wrong PayPal account, the funds are lost and we will not take any action to reverse the transaction, reprocess the transaction, or refund earnings to you.
We will store and maintain your PayPal account details securely and in accordance with the readbud Privacy Policy.
The United States Currency Funds may or may not be converted to your local currency during the PayPal transfer.

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