Master of Malt Vouchers Terms of Business
1. About your Master of Malt Vouchers
1.1 References 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.
1.2 Except in respect of Master of Malt Vouchers which are awarded in the course of any competition which is open to trade customers, Master of Malt Vouchers are only available to consumers. They cannot be purchased in the course of any business or trade.
1.3 References to Product(s) 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.
1.4 Master of Malt Vouchers do not expire and can be redeemed at any time after issue.
1.5 Master of Malt Vouchers have no cash value and cannot be exchanged for any cash equivalent or cash alternative.
2. Using your Master of Malt Vouchers
2.1 Master of Malt Vouchers are redeemable against any Product available for sale on www.masterofmalt.com (save that Master of Malt Vouchers cannot be redeemed against more Master of Malt Vouchers) and in accordance with these terms. Master of Malt Vouchers cannot be set off against a Product that has already been paid for using another payment method.
2.2 Subject to paragraph 2.8, a person other than the Purchaser can redeem a Master of Malt Voucher.
2.3 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 Voucher(s) to pay all or a part of the price of that Product by using the unique voucher code.
2.4 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.
2.5 If the value of any Product ordered exceeds the value of your Master of Malt Voucher(s), you can pay the difference using any of the payment methods accepted on www.masterofmalt.com.
2.6 If the value of any Product ordered is less than the value of your Master of Malt Voucher(s), we will issue you with a Master of Malt Voucher for the remainder.
2.7 Multiple Master of Malt Vouchers may be redeemed in the same order.
2.8 We reserve the right to refuse to accept a Master of Malt Voucher as payment where we consider (acting reasonably, in our sole discretion) that the Master of Malt Voucher:
2.8.1 has been stolen;
2.8.2 is being used to commit fraud, or as part of a fraudulent transaction; or
2.8.3 is otherwise being used improperly.
3. Voucher Discount
3.1 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).
3.2 Subject to paragraphs 3.7 and 3.8, the amount of the Voucher Discount will increase over time, at the rate of 5% per year, compounding yearly. The Voucher Discount will be calculated by reference to the balance of your Master of Malt Voucher from time to time. No Voucher Discount will accrue in respect of any part of the face value of any Master of Malt Voucher (including any Master of Malt Voucher issued under paragraph 2.6) which has been redeemed or refunded.
3.3 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.
3.4 For the avoidance of doubt, a £100 Master of Malt Voucher which has been held without being redeemed (in whole or in part) for:
3.4.1 one calendar year, can be used as payment in full for a Product with a retail price of £105.00;
3.4.2 two calendar years, can be used as payment in full for a Product with a retail price of £110.25;
3.4.3 three calendar years, can be used as payment in full for a Product with a retail price of £115.76;
3.4.4 five calendar years, can be used as payment in full for a Product with a retail price of £127.63; and
3.4.5 ten calendar years, can be used as payment in full for a Product with a retail price of £162.90.
3.5 The Voucher Discount will start to increase immediately following purchase of a Master of Malt Voucher, except where the Purchaser has opted to schedule the Master of Malt Voucher to be sent to the recipient at a later date, in such case, the Voucher Discount will start to increase when the Master of Malt Voucher is being sent. 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.
3.6 The Voucher Discount will be calculated for you whenever you redeem your Master of Malt Voucher (in whole or in part). The Voucher Discount will be rounded up to the nearest whole penny.
3.7 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.
3.8 The maximum aggregate Voucher Discount which can accrue on any Master of Malt Voucher (including the Voucher Discount which accrues on all vouchers resulting from that voucher under paragraph 2.6) shall equal the face value of that Master of Malt Voucher.
4. Refunds
4.1 Master of Malt Vouchers can, at any time, be returned by the Purchaser for a refund to the original method of payment; you will need the unique voucher code.
4.2 Except as set out in paragraph 4.3, we will refund the remaining balance of a Master of Malt Voucher.
4.3 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 paying for any Product on that day.
4.4 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:
4.4.1 is fraudulent, or is part of a fraudulent transaction; or
4.4.2 is otherwise being made improperly.
5. Lost, defaced or destroyed Master of Malt Vouchers
5.1 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:
5.1.1 the terms of paragraphs 4.1, 4.2 and 4.3;
5.1.2 the terms of paragraph 5.4; and
5.1.3 the Purchaser providing the unique voucher code of the relevant Master of Malt Voucher).
5.2 Where we provide a refund under paragraph 5.1, 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.
5.3 Where we provide a replacement Master of Malt Voucher under paragraph 5.1, 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.
5.4 We reserve the right to refuse to refund all or any part of a Master of Malt Voucher or to send a replacement where we consider (acting reasonably, in our sole discretion) that the request for a refund or replacement Master of Malt Voucher:
5.4.1 is fraudulent, or is part of a fraudulent transaction; or
5.4.2 is otherwise being made improperly.
6. Calculations
6.1 Any calculation by us relating to the:
6.1.1 balance of your Master of Malt Voucher;
6.1.2 amount to be credited to a Master of Malt Voucher following the redemption in part of a Master of Malt Voucher;
6.1.3 amount of any Voucher Discount;
6.1.4 amount to be refunded to the Purchaser; or
6.1.5 amount to be credited to a replacement Master of Malt Voucher where a Master of Malt Voucher is lost, stolen, defaced or destroyed,
shall in the absence of manifest error (if any), be final and binding on the Purchaser and any person redeeming a gift voucher.
7. Amendments to these terms
7.1 We may revise these terms at any time by amending this page, please check this page for any changes we make, as they are legally binding on you.
7.3 We may revise these terms as they apply to any or all Master of Malt Voucher which has been issued but not redeemed in order to reflect applicable law and regulatory requirements (including, without limitation, regulations relating to taxation).
© 2024 Master of Malt. All rights reserved.
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