These Terms & Conditions ("Terms") govern the access and use of payout and wallet services
("Services") provided by SettlexPay, operating from Jaipur, Rajasthan, India.
By registering, accessing, or using the Services, the user ("Merchant / Client") agrees to be
legally bound by these Terms.
1 Charges & Fees
- Payout services shall be charged at 2.2% per successful transaction.
- A one-time, non-refundable onboarding fee of ₹1,000 is applicable at the time of activation.
- No charges other than those explicitly stated herein shall be levied.
2 Wallet Load Policy
- The minimum wallet load amount shall be ₹1,000 per transaction.
- Wallet loading is restricted to a maximum of two (2) loads per calendar day.
- Wallet funds must be loaded exclusively from a verified and authorized bank account belonging to the merchant.
- Third-party, unverified, or anonymous fund transfers are strictly prohibited.
3 Onboarding & Due Diligence
- Instant onboarding may be provided subject to successful payment of onboarding fees.
- While documentation may not be required at the initial stage, SettlexPay reserves the right to request KYC, business, or banking documents at any time to comply with applicable laws, regulatory requirements, or internal risk policies.
4 Payout & Beneficiary Controls
- Payouts shall be processed only to verified beneficiary bank accounts.
- SettlexPay may apply transaction-level, daily, or cumulative payout limits based on risk assessment, transaction behavior, or regulatory advisories.
- The merchant is solely responsible for ensuring accuracy of beneficiary details.
5 Transaction Monitoring & Risk Management
- All transactions are subject to continuous monitoring, logging, and audit.
- Transactions identified as suspicious, duplicate, or high-risk may be withheld, delayed, or subjected to manual review.
- Panel access may be restricted using IP address, device fingerprinting, or geographic controls.
6 Prohibited Activities
- The Services shall not be used for any unlawful, fraudulent, or unauthorized purposes.
- Activities involving money laundering, terrorism financing, or regulatory evasion are strictly prohibited.
- Violation of these provisions may result in immediate suspension or termination.
7 Account Suspension & Termination
- SettlexPay reserves the right to suspend or terminate access without prior notice in case of suspected policy breach, fraud, or regulatory non-compliance.
- Wallet balances, if any, shall be handled in accordance with internal compliance procedures and applicable laws.
8 Modification of Terms
- SettlexPay reserves the right to amend or update these Terms at its sole discretion.
- Continued use of Services after such modifications shall constitute acceptance of revised Terms.
9 Limitation of Liability
- SettlexPay shall not be liable for delays, failures, or losses arising from banking system downtime, technical issues, regulatory actions, or force majeure events.
10 Governing Law & Jurisdiction
- These Terms shall be governed by and construed in accordance with the laws of India.
- The courts of Jaipur, Rajasthan shall have exclusive jurisdiction over any disputes.