ToS;DR

There is a loophole to make critical changes to the terms without user involvement


Service: TransferWise
Status: DECLINED
Case: Critical changes to the terms are made without user involvement
Changes: 2
Source: link
Author: sustmi (570)


The Customer Agreement (EEA) states: "26.1 We may change this Agreement by giving you at least two (2) months’ prior written notice." However there is the following statement: "26.2 In some instances, we may change this Agreement immediately. Despite section 26.1, changes to this Agreement which are (1) more favourable to you; (2) required by law; or (3) related to the addition of a new service, extra functionality to the existing Service; or (4) changes which neither reduce your rights nor increase your responsibilities, will come into effect immediately if they are stated in the change notice." That keeps a loophole to make any changes without notifying users if they make it related to addition of a new service or extra functionality.


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We track editorial changes to analyses and updates to a point's status and display the previous versions here as part of an effort to promote transparency regarding our curation process.

Version 1: 2021-02-06 04:02:04 UTC by Deleted

Previous Title: No changes recorded

Updated Title: No changes recorded

Previous Analysis: No changes recorded

Updated Analysis: No changes recorded

Previous Status: DRAFT

Updated Status: DECLINED

Version 2: 2018-07-17 19:23:18 UTC by sustmi (570)

Previous Title:

Updated Title: There is a loophole to make critical changes to the terms without user involvement

Previous Analysis:

Updated Analysis: The Customer Agreement (EEA) states: "26.1 We may change this Agreement by giving you at least two (2) months’ prior written notice." However there is the following statement: "26.2 In some instances, we may change this Agreement immediately. Despite section 26.1, changes to this Agreement which are (1) more favourable to you; (2) required by law; or (3) related to the addition of a new service, extra functionality to the existing Service; or (4) changes which neither reduce your rights nor increase your responsibilities, will come into effect immediately if they are stated in the change notice." That keeps a loophole to make any changes without notifying users if they make it related to addition of a new service or extra functionality.

Previous Status:

Updated Status: DRAFT