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The provision establishes the operational framework for Snap's virtual economy by clarifying the legal classification of purchased items as revocable licenses rather than property or stored value. This structure determines refund obligations, transferability restrictions, and the extent of user claims to purchased digital content.
Users who purchase virtual items receive a limited license that cannot be transferred, sold, or converted to monetary value, and such purchases are generally non-refundable. The terms establish that virtual currency balances represent no underlying financial claim against Snap.
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"Snap may offer you the ability to purchase a limited, personal, non-transferable, non-sublicensable, revocable license to use special features of the Services, such as Snap Tokens or other virtual items. Any balance of Snap Tokens or other virtual items does not reflect any stored value. Virtual items and other digital content are not redeemable for any sum of money or monetary value from Snap at any time. All sales of virtual items are final, and Snap does not offer refunds for any purchased virtual items or Snap Tokens, except where required by applicable law.— Excerpt from Snapchat's Snapchat Terms of Service
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The provision establishes the operational framework for Snap's virtual economy by clarifying the legal classification of purchased items as revocable licenses rather than property or stored value. This structure determines refund obligations, transferability restrictions, and the extent of user claims to purchased digital content.
Users who purchase virtual items receive a limited license that cannot be transferred, sold, or converted to monetary value, and such purchases are generally non-refundable. The terms establish that virtual currency balances represent no underlying financial claim against Snap.
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