This analysis describes what Peloton's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
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Local Cash is not property, has no cash value, is not redeemable for cash, gift certificates or gift cards, may not be earned on the purchase of gift certificates or gift cards, and is purely promotional.
Points are awarded by Microsoft to individual Rewards Accounts and cannot be transferred to any other person or entity.
Such credits (i) are not legal tender or currency; (ii) are not redeemable, refundable, or exchangeable for any sum of money or monetary value; and (iii) have no equivalent value in fiat currency.
"Gift or promotional Peloton Memberships...cannot be assigned, transferred, purchased or sold, redeemed for cash or credit or any other monetary value or currency, or used to pay debts by the recipient.Excerpt from Peloton's Terms of Service
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The clause states: “Gift or promotional Peloton Memberships...cannot be assigned, transferred, purchased or sold, redeemed for cash or credit or any other monetary value or currency, or used to pay debts by the recipient.”
ConductAtlas has identified this type of provision across 124 platforms. See the full comparison.
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