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About Us
Learn how Aurica was founded, what inspires us, and how we ensure that your purchases are safe and profitable.
Terms and Conditions
General Summary:
The customer declares that, before operating on the AURICA Inc. platform, they have read and accepted the General Terms of Service. By doing so, they confirm that they have been clearly informed and have the ability to save or print the terms. These terms apply to any contract for the purchase and sale of physical assets or minted coins made of precious metals. By creating a profile, accessing the website, or conducting transactions, the CUSTOMER agrees to and is obligated to comply with these terms. Both parties warrant that they are duly authorized, possess the necessary rights and licenses to fulfill the contract, and are not subject to any claims that would prevent them from doing so.
If you would like to read the full document, download the PDF file.
Market Loss Policy
Once an order has been confirmed either via phone or through the site, a binding and legal contract has been formed. Any time after this should you decide to cancel an order, or default on your obligations, our Market Loss Policy will apply. Any/all cancellations are subject to a $50 (fifty) dollar fee. In addition to this fee any market loss is passed on to you as follows:
For purchase orders, if at time of cancellation the market price of your product has dropped, you will be liable for this price difference + the $50 (fifty) dollar fee. Should the price increase at the time of cancellation, you will only be liable for the $50 (fifty) dollar fee:
| Price booked | Price per Unit at time of cancellation | Quantity | Loss or Gain | Market Loss |
|---|---|---|---|---|
| $1,810 | $1,800 | 5 | ($1,800 - $1,810) x 5 = Loss of $50 | $50 |
| $1,810 | $1,850 | 5 | ($1,850 - $1,810) x 5 = gain of $200 | $0 |
In scenario 1 the total fee charged to your credit card would be $100 ($50 fee + $50 market loss.) In scenario 2 the total fee charged to your credit card would be $50 (only the $50 fee would be charged as there was no market loss.)
For orders in which you are selling to AURICA, if at time of cancellation the market price of your product has increased, you will be liable for this price difference + $50 (fifty) dollar fee. Should the price decrease at the time of cancellation, you will only be liable for the $50 (fifty) dollar fee:
| Price per unit | Price per Unit at time of cancellation | Quantity | Loss or Gain | Market Loss |
|---|---|---|---|---|
| $1,810 | $1,800 | 5 | ($1,810 - $1,800) x 5 = gain of $50 | $0 |
| $1,810 | $1,850 | 5 | ($1,810 - $1,850) x 5 = loss of $200 | $200 |
In scenario 1 the total fee charged to your credit card would be $50 (only the $50 fee would be charged as there was no market loss.) In scenario 2 the total fee charged to your credit card would be $250 ($50 fee + $200 market loss.)