Online Trading Service Rules

In order to improve the service quality of the online trading function on enterprise-china.com (hereinafter referred to as the "Platform") and maintain the trading rules, the Platform hereby establishes the online trading service rules.

Preface:

1. These Terms and Conditions apply to all users on the Platform, including buyers and sellers.

2. The platform has the right to update these terms and conditions when necessary, and the updated Online Trading Service Rules will be published to notify buyers and sellers, and the updated terms and conditions will take effect immediately.

3. If buyers and sellers refuse to accept the Online Transaction Service Rules, they are deemed to have immediately given up using the online payment service provided by the platform; if they continue to use the online payment service provided by the platform, they are deemed to have accepted these terms and conditions.

4、The various rules, service descriptions and user agreements, privacy policies, etc. (hereinafter referred to as "relevant rules") that have been published or may be published in the future in the form of announcements, notices, etc. are an integral part of these rules.

Article 1. Online Transaction Service Basic Requirements

1.1 The online trading service of enterprise-china.com is provided by the Platform to realize the functions of online trade negotiation, online order payment and online fund withdrawal between buyers and sellers. The platform is responsible for docking domestic and overseas third-party payment channels or commercial banks, and the actual third party provides services such as fund clearing and settlement, refunds and errors. Users can manage funds related to online trading services through the following fund accounts:

Platform escrow account: the payment arising from the order transaction is actually collected by Hangzhou Yuanheng Technology Co., Ltd. on behalf of the seller first, and after meeting the conditions of fund release and deducting the corresponding service fee, it is paid to the general account of the seller, who can also withdraw funds and other operations.

1.2 Users should know and agree that they need to provide relevant authentication information to the platform to apply for the opening of online trading-related services, and undertake and guarantee that all information provided is true, legal and valid. At the same time, the platform will provide online trading-related services to the user after completing the audit and verification of the relevant authentication information provided by the user according to the compliance, risk control and other internal rules as well as Chinese laws and regulations and regulatory requirements.

1.3 For the consideration of the financial security of both parties of the transaction, the user shall agree and authorize the platform to collect the payment of the order on behalf of the user before using the service. The platform will return the corresponding amount of money to the user on time according to the rules of the following release instructions.

Article 2. Explanation of Fees Related to Online Transaction Services

2.1 Description of service fees

(1) Transaction Service Fee: When a user completes an online transaction order on the platform, and the buyer chooses a credit card or savings card to pay and the payment is successful, the platform will charge (0.4%~3.8%) + (0.3~10) USD of the total amount paid for the order as the transaction service fee for each order, which will be deducted directly by the platform from the buyer's payment before releasing to the user's available funds account. The user agrees and confirms that The user agrees and confirms that the amount to be released in the release instructions below is the remaining amount of the purchase price after deducting the transaction service fee.

(2) Margin

In order to ensure the security of online transactions, the platform will charge users $0-500 as a security deposit (subject to the guaranteed amount confirmed by the actual opening of online trading privileges). Collection method: The first $0-500 of the cumulative order amount (subject to the guaranteed amount confirmed by the actual opening of online trading privileges) reached by the user using the service will be used as the security deposit. In any case, the user's account will not be able to withdraw the order payment until the full amount of the security deposit is deducted.

If the user commits illegal acts such as illegal arbitrage, money laundering, false transactions or violates the service commitment, these rules and Terms of Return and Refund for Online Transactions and other platform rules or if the use of the Service causes any loss to the platform (including but not limited to litigation compensation, litigation costs, attorney's fees, etc.) due to the aforementioned circumstances, we have the right to deduct a certain amount of penalty directly from the user's security deposit or use it to compensate the buyer or other right holders according to the application of the relevant right subjects and in accordance with the platform rules. If the amount of the user's security deposit is not sufficient for the deduction, the platform reserves the right to recover the relevant losses and will take other punitive measures.

The security deposit will be refunded to the user's designated account within 10 working days after the user applies to close the store service and all orders are completed 180 days after the platform's review and approval. For the user to pay the security deposit, the platform in return without paying any interest, yield or other payments.

2.2 Release Notes

Platform Escrow Account: If you use the platform escrow account to manage your funds, generally, the platform will release the payment for the goods received to the user's available funds account on the 16th day after the confirmation of receipt.

2.3 Withdrawal instructions

The User understands and acknowledges that the User will be responsible for any withdrawal fees incurred for withdrawals made during the use of the Service.

Article 3. Online Trading Service Business Norms

3.1 If the user uses the service in the process of violation of the dispute, the platform has the right to give a warning, freeze the withdrawal account, shelve the online trading goods, fines and other punitive measures; the circumstances are particularly serious, the platform has the right to immediately unilaterally terminate the service contract, the resulting losses shall be borne by the user.

3.2 Description of penalties

Users understand and agree that the platform has the right to impose penalties including, but not limited to, withdrawal restrictions, suspension or termination of services, account closure, etc. in the event of any of the following circumstances, and any resulting losses shall be borne by the user:

(1) Trading products that do not comply with laws, rules, policies, regulations and the "Prohibited and Restricted Products List" and other provisions;

(2) The seller fails to provide the goods as agreed with the buyer or to ship the goods in accordance with the agreed shipping standards and time;

(3) due to the laws and regulations, rules and policies of the importing country, resulting in the product can not enter the buyer's country, resulting in the detention of goods;

(4) Other platforms have reasonable grounds to believe that the user has committed a violation.

Article 4. Miscellaneous

These Terms of Service and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of Cyprus.