The Payment Services Act is designed to prevent illegal and malicious acts and protect the interests of consumers by disclosing information and establishing rules for businesses that provide a “prepaid payment method”. When selling products or services that fall under the category of prepaid payment method online, businesses are required by law to display a page that provides basic information about their business and how it operates.
A "prepaid payment method" refers to a coin or wallet that can be used on a specific website or service, and in which the amount of money or the contents of goods or services are recorded in an electronic format.
On this page, you will need to include the following:
Item Type |
Explanation |
Example |
Issuer of prepaid payment method |
Corporation: Trade name on the registry |
ABC K.K. |
Address |
Address on the register |
2-11-1 Nagatacho, Chiyoda-ku, Tokyo-to 〒100-6178 |
Phone number |
A phone number your customers can use to contact you in Japanese |
03-1234-5678 (for Konbini, this must be a landline) |
Email address |
An email address your customers can use to contact you |
|
Name of prepaid payment method |
If there is more than one type, list them all |
Blue Coin |
Maximum value that the prepaid payment method can hold |
Age restrictions should also be included if relevant |
The maximum Blue Coins a user can hold is 1,000 coins |
Expiration policy of the prepaid payment method |
If there is no expiration date, note as such |
Coins do not expire, but if you are unable to log into your account for more than 10 years, your account may be deleted and therefore your coins may expire |
The scope of use of the prepaid payment methods |
The Blue Coins can be used in the Deep Ocean service application |
|
Notice on the use of the prepaid payment methods |
Include refund policies |
As a general rule, coins will not be refunded. Please refer to the Terms of Service for more details |
How to check the balance of the prepaid payment method |
Explain how customers can check their current balance |
You can check your balance on the "Purchase Information" page from the Settings button in the app |
Terms and Conditions for the Use of Prepaid Payment Method |
Please refer to the Terms of Service for details |
Most websites will place the notification in the footer of the page, along with the "Terms of Use" and the “Notification based on the Specified Commercial Transactions Act”. It is important to put the information in a place where it can be viewed by consumers at any time, both before and after purchase.