. Stipulations
1.1. It is a condition of membership that the Customer agrees to these Terms of Use (the "Terms of Use" or "Agreement"), which form a legally binding contract, in order to become a Customer of Moneybookers. As Moneybookers’ business is constantly evolving and Moneybookers introduces new products and services over time, these Terms of Use may be amended from time to time. Moneybookers reserves the right to amend these Terms of Use at any time by posting the amended Terms of Use on the Moneybookers website. Amended Terms of Use shall become effective 30 days after they are posted on the Moneybookers website. Changes will be posted on the Terms of Use Updates page on the Moneybookers website. Customer may review changes at any time by clicking on the Terms of Use Update section on the Moneybookers website. Customer may review the current Terms of Use prior to initiating any transaction at any time by clicking on the Terms of Use section on the Moneybookers website. A revision will not affect any transaction that is outstanding as of the date of such revision.
1.2. The Parties to this Agreement and participants in each transaction are an individual person or legal entity (the 'Customer') and Moneybookers Ltd. (the 'Company' or 'Moneybookers'), a company registered in England and Wales under no 4260907 with registered office in Welken House, 10-11 Charterhouse Square, London, EC1M 6EH, United Kingdom which offers an electronic money service in accordance with the applicable legislation of the United Kingdom, Great Britain and Northern Ireland.
1.3. Moneybookers and the Customer are the only parties who may rely on or enforce these Conditions and for this reason the Contract (Rights of Third Parties) Act 1999 is excluded.