Master of Malt Gift Vouchers Terms of Business

References on this page to the Purchaser are to the individual who originally purchased the Master of Malt Voucher. References on this page to you or your, or any similar expression, are references to the Purchaser, any individual who has been given that Master of Malt Voucher by the Purchaser and/or any other individual who has acquired that Master of Malt Voucher by legitimate means, whether by way of gift or otherwise.

Master of Malt Vouchers are only available to consumers. They cannot be purchased in the course of any business or trade.

We use the expression a Product on this page to refer to all of the products which you buy from us in any given order, whether you are buying a single product or multiple products.

These terms were most recently updated on 22 July 2015, when the wording relating to our right to amend the terms was amended for the sake of clarity.

 

Master of Malt Gift Vouchers Terms of Business

 

1. Using your Master of Malt Vouchers

1.1 Master of Malt Vouchers are redeemable against any Product available for sale on www.masterofmalt.com. Master of Malt Vouchers cannot be redeemed elsewhere and (except where they are redeemed in accordance with this paragraph 1 or are refunded in accordance with paragraphs 3 or 4 below) have no cash value. Master of Malt Vouchers cannot be set off against a Product that has already been paid for using another payment method.

1.2 Subject to paragraph 1.9 below, a person other than the Purchaser can redeem a Master of Malt Voucher.

1.3 No matter how you place your order for a Product (whether on www.masterofmalt.com, over the telephone or otherwise), you can use your Master of Malt Vouchers to pay all or a part of the price of that Product. You will need to have access to the serial number of your Master of Malt Voucher(s) in order to redeem the Master of Malt Voucher(s).

1.4 Any order for a Product which is paid for (in whole or in part) using Master of Malt Vouchers is made on and subject to our Consumer Terms of Business.

1.5 In circumstances where the value of any Product ordered exceeds the value of your Master of Malt Voucher(s) (including any Voucher Discount which accrues in accordance with paragraph 2, below), you can pay the difference using any of the payment methods accepted on www.masterofmalt.com from time to time.

1.6 In circumstances where the value of any Product ordered is less than the value of your Master of Malt Voucher(s) (including any Voucher Discount which accrues in accordance with paragraph 2, below), we will issue you with a Master of Malt Voucher for the remainder.

1.7 Multiple Master of Malt Vouchers may be redeemed in the same transaction.

1.8 Master of Malt Vouchers do not expire and can be redeemed at any time after issue.

1.9 We reserve the right to refuse to accept a Master of Malt Voucher as payment in circumstances where we consider (acting reasonably, in our sole discretion) that the Voucher:

1.9.1 has been stolen;

1.9.2 is being used to commit fraud, or as part of a fraudulent transaction; or

1.9.3 is otherwise being used improperly.

1.10 Master of Malt Vouchers cannot be used to purchase Master of Malt Vouchers.

 

2. Voucher Discount

2.1 Your Master of Malt Voucher will entitle you to a discount on the price of any Product available for sale on www.masterofmalt.com (the Voucher Discount).

2.2 Subject to paragraphs 2.7 and 2.8 below, the amount of the Voucher Discount will increase over time, at the rate of 5% per year. The Voucher Discount will be calculated by reference to the balance standing to the credit of your Master of Malt Voucher from time to time.

2.3 For your ease of reference only, the Voucher Discount will be displayed and communicated to you as an increase in the value of your Master of Malt Voucher or as interest which accrues to your Master of Malt Voucher.

2.4 For the avoidance of doubt, a £100 Master of Malt Voucher which has been held without being redeemed (in whole or in part) for:

2.4.1 one calendar year, can be used as payment in full for a Product with a retail price of £105.00;

2.4.2 two calendar years, can be used as payment in full for a Product with a retail price of £110.25;

2.4.3 three calendar years, can be used as payment in full for a Product with a retail price of £115.76;

2.4.4 five calendar years, can be used as payment in full for a Product with a retail price of £127.63; and

2.4.5 ten calendar years, can be used as payment in full for a Product with a retail price of £162.90.

2.5 The Voucher Discount will start to increase immediately following purchase of a Master of Malt Voucher. The Voucher Discount shall increase on a day-to-day basis, will be calculated at least once per day and shall be calculated according to the number of actual days passed since the day of purchase and a year of 365 days.

2.6 The Voucher Discount will be calculated for you when you redeem your Master of Malt Voucher. The Voucher Discount will be rounded up to the nearest whole penny.

2.7 We reserve the right to change (including to reduce to zero) the rate at which the amount of the Voucher Discount increases over time. If we exercise this right, we will provide at least 12 months’ notice by updating this page. You should check this page from time to time to ascertain whether we have exercised this right.

2.8 The Voucher Discount will stop increasing as soon as the aggregate Voucher Discount equals the face value of the relevant Master of Malt Voucher. In calculating when the aggregate Voucher Discount has reached this limit:

2.8.1 Voucher Discount which has not been used to pay for any Product will be taken into account;

2.8.2 Voucher Discount which has been used to pay in part or in full for any Product will be taken into account; and

2.8.2 the relevant Master of Malt Voucher shall mean the relevant Master of Malt Voucher issued to the Purchaser, and not any Master of Malt Voucher issued in accordance with paragraph 1.6 above.

 

3. Refunds

3.1 Master of Malt Vouchers can be returned for a refund at any time.

3.2 Only the Purchaser can obtain a refund. Save in circumstances where we give our consent, we can only give refunds using the original method of payment, to the same payment account.

3.3 Except as set out in paragraph 3.4 below, we will refund the total balance standing to the credit of a Master of Malt Voucher from time to time.

3.4 Any Voucher Discount which is displayed and communicated to you as an increase in the value of a Master of Malt Voucher or as interest which accrues to your Master of Malt Voucher will not be refunded. For the avoidance of doubt, this does not affect any prior application of any Voucher Discount towards the price of a Product. For the purposes of calculating refunds, any Voucher Discount which has accrued on any given day will be treated as having been utilised in proportion to the face value of the relevant Master of Malt Voucher in paying for any Product on that day.

3.5 The Purchaser will be required to give the serial number of a Master of Malt Voucher to our Customer Services team in order to obtain a refund.

3.6 We reserve the right to refuse to refund all or any part of a Master of Malt Voucher in circumstances where we consider (acting reasonably, in our sole discretion) that the request for a refund:

3.6.1 is fraudulent, or is part of a fraudulent transaction; or

3.6.2 is otherwise being made improperly.

 

4. Lost, defaced or destroyed Master of Malt Vouchers

4.1 In circumstances where a Master of Malt Voucher is lost, stolen, defaced or destroyed, we will provide a refund to the Purchaser or send a replacement Master of Malt Voucher (in our absolute discretion), subject to:

4.1.1 the terms of paragraphs 3.2, 3.3 and 3.4 above;

4.1.2 the terms of paragraph 4.4 below; and

4.1.3 the Purchaser providing the serial number of the relevant Master of Malt Voucher).

4.2 In circumstances where we provide a refund in accordance with paragraph 4.1 above, any Voucher Discount which has been displayed and communicated to you as an increase in the value of the lost, defaced or destroyed Master of Malt Voucher or as interest which has accrued to that Master of Malt Voucher will not be refunded.

4.3 In circumstances where we provide a replacement Master of Malt Voucher in accordance with paragraph 4.1 above, that replacement voucher will be credited with any Voucher Discount which has been displayed and communicated to you as an increase in the value of the lost, defaced or destroyed Master of Malt Voucher or as interest which has accrued to that Master of Malt Voucher.

4.4 We reserve the right to refuse to refund all or any part of a Master of Malt Voucher or to send a replacement Master of Malt Voucher in circumstances where we consider (acting reasonably, in our sole discretion) that the request for a refund or replacement Master of Malt Voucher:

4.4.1 is fraudulent, or is part of a fraudulent transaction; or

4.4.2 is otherwise being made improperly.

 

5. Calculations

5.1 Any calculation by us of the:

5.1.1 balance standing to the credit of your Master of Malt Voucher;

5.1.2 amount to be credited to a Master of Malt Voucher following the redemption in part of a Master of Malt Voucher;

5.1.3 amount of any Voucher Discount;

5.1.4 amount to be refunded to the purchaser; or

5.1.5 amount to be credited to a replacement Master of Malt Voucher in circumstances where a Master of Malt Voucher is lost, stolen, defaced or destroyed,

(if any) shall in the absence of manifest error be final and binding on the purchaser and (if you are not the purchaser) you.

 

6. Amendments to these terms

6.1 We may revise these terms at any time by amending this page. Please look at the top of this page to see when these terms were last updated and which terms were changed.

6.2 You are expected to check this page from time to time to take notice of any changes we make, as they are legally binding on you.

6.3 We may revise these terms as they apply to any Master of Malt Voucher which has been issued but not redeemed (or to all Master of Malt Vouchers which have been issued but not redeemed) in order to reflect applicable law and regulatory requirements (including, without limitation, regulations relating to taxation) and/or changes to applicable law and regulatory requirements (including, without limitation, regulations relating to taxation).

 

Copyright in these terms belongs exclusively to ATOM Supplies Limited.

All rights (including moral rights) are asserted and reserved.