1. Project Owners

1.1 Eligibility to accept donations of Loyalty Points

1.1.1 You may be eligible to apply for your Project to accept donations (but not Pledges for Rewards or prize draw entries) using your loyalty points through our Point Pledging Schemes. We do not guarantee that your Project will be eligible nor that any application you make will be successful.

1.1.2 You agree to provide us with such information as we may reasonably require to verify that you meet, and continue to meet for the duration of your Project, the eligibility criteria of the relevant Point Pledging Schemes.

1.1.3 You must inform us immediately if you cease to meet the eligibility criteria.

1.2 Administration of Point Pledging Schemes

1.2.1 We may at our sole discretion and without notice:

change the eligibility criteria of the relevant Point Pledging Scheme;
reject any application to a Point Pledging Scheme;
remove any live Project from a Point Pledging Scheme;
suspend or cancel the acceptance of new applications to a Point Pledging Scheme;
cancel any Loyalty Point Donation; and
amend, suspend or cancel any or all Point Pledging Schemes.
1.3 Fees payable by Project Owners and receiving funds

1.3.1 You will not be charged platform or transaction fees on Loyalty Point Donations.

1.3.2 Paragraphs 2.4.4 to 2.4.6 of Section B do not apply to Loyalty Point Donations. Instead the following will apply:

For Forever Funding projects the amounts due to Project Owners from Loyalty Point Donations will be transferred to the Project Owner’s bank account within approximately 10 weeks of the date of the Loyalty Point Donation.
For Keep What You Raise Projects the amounts due to Project Owners from Loyalty Point Donations will be transferred to Project Owners within approximately 10 weeks from the end of the Fundraising Period, or if the Project Owner chooses to close the Project before that period ends, within 10 weeks from that date.
For All Or Nothing Projects if the Total Pledges meet or exceed the Funding Target at the end of the Fundraising Period, the amounts due to Project Owners from Loyalty Point Donations will be transferred to Project Owners within approximately 10 weeks to the bank account specified by the Project Owner.
1.3.3 Amounts due to Project Owners from Loyalty Point Donations will only be transferred to Project Owners if the balance of Loyalty Point Donations donated but not already transferred to the Project Owner is greater than £25 (per Loyalty Partner).