Terms of Usage of Website

Last Updated: 19-Feb-2025

This website is operated by XPaydite Group with headquarters in USA and its subsidiaries (jointly “XP”, “We”, “Us”, “Our”).

USA (Headquarter)

XPaydite Inc.

2101 Cedar Springs Road, Suite 900, Dallas, Texas - 75201

Using our website would mean acceptance to our Terms and in case of any disagreement, you should not be using our website. There is no charge applicable for using our website; however, we do not assure uninterrupted availability of website. We may suspend or restrict certain functionalities for business or legal reasons at our sole discretion. You will be separately informed regarding the same if you are our customer and if such action impacts services being provided or offered to you. Below are some of the key terms and conditions applicable to your access, use of our services but are not exhaustive. There may be additional terms applicable based on our association and you should write to us to find out more.

In case you are representing an organization, you represent and warrant that you are authorized to do so.

This document is divided into below five sections. Each section should be read carefully to understand the Terms mentioned here and their applicability. This document has been prepared considering applicability to an individual as well as a company. For detailed understanding of any clause, please write to info@xpaydite.com.

• GENERAL TERMS & CONDITIONS

• PRIVACY POLICY

• COOKIE POLICY

• OFAC & FEMA Declaration (for Indian buyers only)

• REFUNDS & RETURNS

We suggest that you go through all the sections of the document (collectively forms complete Terms & Conditions of Website usage) in order to understand what XPaydite Inc. and its subsidiaries or affiliates (“XPaydite”, “we”, “us”, “XP”, “Company”) do with your personal information. This document will help you understand the Terms applicable when using our website. Your use of our websites and services and any dispute over privacy, is subject to this Policy and other applicable Terms and Conditions for use of our services. This Policy applies to personal data in the possession or under the control of the Company, including any organization that the Company may engage to collect, use, disclose or process personal data for the purposes of the Company.

GENERAL TERMS & CONDITIONS Home

DEFINITIONS

The following definitions are applicable to the singular as well as the plural forms of such terms:

A. “Acquirer” includes a merchant acquirer, eCheck or ACH service provider/processor, PIN debit acquirer, and their respective designated sponsoring member bank(s).

B. “ACH Service” includes services that allow merchants to originate Automated Clearing House (“ACH”) credit and debit entries to a bank account (the “ACH Service”) and the ACH Service shall be deemed part of (and included in) the definition of Services under this Agreement.

C. “Affiliates” shall mean any entity that controls, is controlled by, or is under common control with a Party, including its parents and subsidiaries.

D. “Applicable Laws and Rules” any laws, rules and regulations applicable to a Parties’ business in the US or any of the Permitted Countries, including any rules established by Card scheme or Acquirer and any AML Laws for the purpose of protecting the financial system from the abuses of financial crime, including terrorist financing, money laundering, and other illicit activity activities, and of preventing, detecting, or reporting suspicious activities related thereto.

E. “Buyer” shall mean any person or entity that purchases or otherwise acquires the right to access to or use the Products and authorizes a payment to Merchant or authorizes Merchant to initiate a payment to the Merchant Account, and for purposes hereof, “Buyer” shall include a Cardholder.

F. “Buyer Data” shall mean any personal data about or relating to a Buyer that XPaydite collects via the Merchant Site or that XPaydite otherwise receives from Merchant.

G. “Buyer Invoice” shall mean a written invoice for Product provided by Merchant to Buyer for a completed sale.

H. “Cardholder” shall mean any person authorized to use a Card or the accounts established in connection with a Card.

I. “Cards” shall mean MasterCard, VISA, Discover and Other Network cards in Permitted Countries, account numbers assigned to a Cardholder or other forms of payment accepted by Processor, for which pricing is set forth in the account opening documentation.

J. “Chargeback” shall mean the right of the Cardholders to file a claim for a refund with their Card issuer, for example, as a result of fraud or dissatisfaction with a purchase.

K. “Confidential Information” shall mean any information disclosed by either Party to the other Party pursuant to the Agreement that is designated either in writing or orally as proprietary and/or confidential or that a reasonable person would consider to be proprietary and/or confidential under the circumstances. For the avoidance of doubt, all technology and proprietary information underlying the XPaydite Platform will be deemed Confidential Information of XPaydite, without any need for designating the same as confidential or proprietary. Furthermore, the terms and conditions set forth in the Agreement will be deemed XPaydite’s Confidential Information.

L. “Documentation” shall mean the technical and associated documentation concerning the Services that XPaydite makes available to Merchant, including any documentation made available digitally via the XPaydite CRM.

M. “EULA” shall mean any end user license agreement or other terms of use of Merchant that is applicable to the Product.

N. “Intellectual Property Rights” shall mean all (a) copyrights (including the right to reproduce, distribute copies of, display, and perform the copyrighted work and to prepare derivative works), copyright registrations and applications, trademark rights (including registrations and applications), patent rights, trade names, mask-work rights, trade secrets, moral rights, author’s rights, privacy rights, publicity rights, algorithms, rights in packaging, goodwill and other proprietary rights, and all renewals and extensions thereof, regardless of whether any of such rights arise under the laws of any state, country or jurisdiction; and (b) intangible legal rights or interests evidenced by or embodied in any idea, design, concept, technique, invention, discovery, enhancement, or improvement, regardless of patentability, but including patents, patent applications, trade secrets, and know-how.

O. “Launch Date” shall mean the date upon which all integration work has been completed and Products may be made available for sale via the Merchant Site.

P. “Merchant Account” shall mean an account provided by XP that enables Merchant’s use of the XPaydite CRM.

Q. “Merchant Site” shall mean the Merchant website or online service or mobile app or other property that includes the XPaydite APIs, and through which Products may be purchased by Buyers.

R. “Order Form” shall mean XPaydite’s services and pricing schedule form (the first of which is attached hereto as EXHIBIT A) which the Parties enter into from time to time as an addendum to this Agreement for the purchase of additional Services by Merchant, and which specifies at a minimum the Permitted Countries, Payment Methods available in Permitted Countries, applicable prices and fees for each Payment Method, and a Commencement Date, each such Order Form to be incorporated into and to become a part of this Agreement upon execution by the parties. In the event of a conflict between the terms of this Agreement and the terms of an Order Form, the terms of the Order Form shall prevail.

S. “Partner Bank” shall mean a bank in USA or Permitted Countries that provides sponsorship, depository, currency exchange or remittance services in connection with this Agreement.

T. “Payment Method” shall mean any payment method listed in the Agreement which is available to Buyers to pay for Products via the Merchant Site in each Permitted Country.

U. “PCI DSS” shall mean the then-currently accepted Payment Card Industry Data Security Standard.

V. “Permitted Countries” shall mean the countries or territories listed in the Merchant Services Agreement and its Schedules (“Agreement”) and in which XPaydite has enabled use of the Services by Merchant.

W. “Personal data” means any information relating to an identified or identifiable natural person.

X. “Product” shall mean any goods, software or services of Merchant that are sold (or for which the right to access or use is sold, as applicable) via the Merchant Site to Buyers and delivered to Buyer by the Merchant.

Y. “Product Information” shall mean any of the following information or materials provided by Merchant via the XPaydite CRM: (a) compatibility requirements and other information that describe the Product or any material usage terms or restrictions; (b) the name or description of the Product, any logos, images or other materials that identify or describe the Product or Merchant; (c) shipping, delivery and support instructions and (d) if applicable, the EULA or web address pursuant to which such EULA may be viewed.

Z. “Prohibited Businesses” shall mean any of the businesses, activities, practices, or items set forth under relevant section of the Agreement, as may be updated by XPaydite in its sole discretion.

AA. “Prohibited Materials” shall mean: (a) any material that violates or encourages the violation of any applicable laws or any third-party rights, including rights of publicity or privacy rights; (b) any material that infringes or misappropriates a third party's Intellectual Property Rights; (c) any defamatory material or any material that constitutes hate speech or advocates discrimination against individuals or groups; (d) any obscene or excessively profane material; (e) any misleading or deceptive material; (f) material advocating or providing instructions regarding computer hacking, cracking, or phishing; or (g) any virus, worm, Trojan Horse, security vulnerability, malicious code or other harmful materials that may damage or interfere with the normal operation of software, networks or devices or which is designed to permit unauthorized access to or use of software, networks or devices.

BB. “Reserve” shall mean a personal or company guaranty or other form of adequate security, including a separate reserve account held by XPaydite.

CC. “Reversal” shall mean the return of funds to a bank account at the bank account owner’s request (e.g., due to unauthorized use of the bank account).

DD. “Services” shall mean the services provided by XPaydite under the Agreement, including the collection of payment for Product sales occurring via the Merchant Site, the use of a local Affiliate (where applicable) to conduct the collection and remittance of applicable Buyer Sale Taxes due in connection with the Product purchase, and any currency conversion necessary to provide the Merchant Funds to Merchant in its local currency.

EE. “XPaydite APIs” shall mean application programming interfaces (the “APIs”), iframes, hosted pages, or other integration options developed by XPaydite, which will enable the Merchant Site to communicate with XPaydite to: (i) send certain transaction information from the Merchant Site to the XPaydite Platform; (ii) tokenize Buyer credit card information; and (iii) process refunds and Reversals. APIs include all improvements, updates, upgrades, and modifications to the aforementioned.

FF. “XPaydite CRM” shall mean the web portal provided by XPaydite that enables Merchant to manage and update: (a) the Products that may be sold via the Merchant Site, (b) transaction details, (c) the Buyer details and (d) Product Information.

GG. “XPaydite IP” shall mean the XPaydite Platform, and all alterations, enhancements, improvements, corrections, derivatives, or other modifications thereto and all Intellectual Property Rights related to any of the foregoing.

HH. “XPaydite Platform” shall mean the XPaydite CRM, XPaydite APIs, Documentation and any other software, services or technologies that are used or otherwise provided by XPaydite in connection with the provision of the Services to Merchant or any other Merchant.

Website Contents and Intellectual Property (IP)

• All content including logos, photos and texts published on our websites are owned by XPaydite. XP shall have all rights in all our trademarks, design, software code, domain names, logos, patents and any other intellectual property and/or proprietary rights. All materials published on our website is protected by copyright laws.

• You can keep a copy of any content from our site strictly for your personal use. Registering on our website in no way give you any IP rights on any content on our website. Use of any content beyond your personal use must be done only with our prior written permission for which you will have to send a separate email to us explaining the content that you want to use and the reason of such usage.

• We make reasonable efforts to keep our site updated with latest information; however, we make no representations, warranties or guarantees, whether express or implied, regarding completeness and correctness of the content on our site. Should you think that any information is not correct, you may inform us of such inaccuracies through email to us. We will work on your feedback and try to do the required correction(s) as applicable at the earliest possible.

• During the Term and subject to the terms of the Agreement, XPaydite hereby grants to Merchant a limited, non-exclusive, non-sublicensable, non-transferable (except as otherwise provided in Merchant agreement), and worldwide license to: (a) use the XPaydite CRM and Integration Option for the purpose of enabling the sale of Products to Buyers via the Merchant Site; (b) use, and create a reasonable number of reproductions of, the Documentation solely for the purpose of exercising the right as defined under relevant section of the agreement; and (c) use a logo, name or other trademark provided by XPaydite, provided that such use is (i) pre-approved in writing by XPaydite, and (ii) in accordance with written instructions or guidelines provided by XPaydite.

• We may have third party or partners websites’ links on our site where we do not have any control/influence on such websites and such linkage with our websites must not be considered as our approval on the contents of such websites. You will have to give separate consent while providing your data on all such websites. We suggest you to go through the terms of such website before providing your data and consent as applicable.

Registration & Login credentials

• For availing our services, you will be required to register with us by providing the information in the registration or onboarding form. Once registered, we will provide you with user ID and password for logging into your account.

• It is important that your password must be kept secured and must not be shared with anyone. If you are representing an organization, you should ensure that the user ID and Password are shared with a trustworthy person within the organization as per your internal policies. XP will not be liable for any misuse of your user ID and password. If you have suspicion of any misuse, you must report to us immediately as per the touchpoints mentioned in the “Contact Us” page on the website.

• Registration does not give you right to use services unless you have accepted to the appropriate agreement as applicable. In case you use the services offered by us, without any separate agreement, it would be deemed that you have expressly accepted our terms as described here in subsequent sections or as applicable on the services or products being used by you.

• Your onboarding will be as per our internal Merchant onboarding process and applicable regulatory guidelines. You will be required to provide details as listed in the onboarding form and submit all required documents including Organization KYC. Information and KYC of Directors/Key Management Person/Beneficial Owners will have to be provided to us. Onboarding process is primarily influenced by the KYC & other requirements as defined in regulations/circulars published by Central Banks and/or other governing Authority(ies) from time to time and also to perform risk assessment to protect our business interests while controlling fraudulent activities. Basis review of documents and information submitted, XP may ask for additional information. It must be noted that onboarding may also include requirements from our downstream partners including banks to comply with various guidelines based on services and products being used.

• Considering the global nature of business, XP is required to ensure compliance to regulatory framework of both origin and destination countries, hence, may ask for information not required for one country but may be required in the other country. Non-submission of information is not an option and XP may choose not to provide Services in such scenarios.

• Providing all information/documents does not make a merchant eligible for onboarding. XP will onboard a merchant only post assessment of all information/documents. In case of false/conflicting information, XP may choose not to onboard a customer/merchant. In addition, decision to onboard a merchant is XP’s discretion and may disapprove onboarding a Merchant basis certain internal procedures.

• If it is realized at a later stage that a merchant has provided incorrect information, this is considered a material breach of the Agreement and other terms, XP may terminate the Agreement with the merchant immediately and further settlement of any dues may not happen. In case of any breach against regulatory obligation(s), XP may decide to report the same to local law enforcement agencies as appropriate and subsequent action will be as per the instructions of the agency.

• For transaction processing to enable sale of products, a merchant can use APIs or other integration options provided by XP for integration. Any payment related data storage by a merchant must be strictly as per guidelines issued by Central bank and/or other governing bodies as applicable and industry standards like PCI DSS.

• Integration related API details and/or keys shared with a merchant must not be shared further with any third party or website which does not belong to the merchant. Such sharing by merchant group companies whose names are not mentioned in the contract must not be done without prior permission from us.

Payments, Reversals and Refunds (Under Agency Services)

• Under agency services, XP will act as Payment facilitator between the Payor and the Beneficiary. XP will not be liable for delivery or quality of goods or services even. It is the sole responsibility of the Merchant. Reseller terms can be referred in the Exhibit C of General Merchant Agreement Terms.

• XP will provide different modes of payments as per its arrangement with various partners. Merchant will have to process payment only as per the modes/channels provided by us.

• XP will deduct its fee or any other dues before settlement of funds. Taxes as applicable will also be adjusted before settlement and will be obligation of the Merchant. Local taxes in a country where XP is acting as Reseller, will be obligation of XP only.

• Merchant must clearly make available to its customers or buyers, its policies with regards to refunds and cancellations through its Website.

• Refunds or reversals cannot be initiated by XP. Payment once processed will be settled to the Merchant. Customer should approach the Merchant from which the goods or services were purchased for any refund/reversal related queries.

• In case of any dispute, Customer should raise concern/complaint with his/her bank or the Merchant. XP will work with Merchant to resolve any payment related issues. If customer approaches XP directly, the request will be routed to the concerned Merchant for further investigation/action. Status of payment transaction along with details as per our records will be shared with the Bank, Acquirer, and/or Merchant upon request.

• A transaction may be put on hold, not accepted for processing or cancelled by us if there is a red flag observed, suspected fraud or notice from a Regulatory body or any other Govt agencies.

Records management & Data Protection

• XP will store records for a minimum period of 5 years from the date when a transaction is complete. A higher period may be observed depending upon the regulatory provisions in different countries.

• Customer Data is stored by XP only basis consent and is shared with third parties as necessary for providing the Services. Merchants are required to collect customer consent for all data shared with XP.

• Merchant will be solely responsible for storing records as per the laws applicable on the Merchant. XP will not be storing any data on behalf of Merchant unless specifically listed as part of services rendered to the Merchant.

• As part of providing services to Merchant, there would be certain data of end consumer which XP may have to retain subject to retention period as defined under various regulations. Such data is required to be stored solely for the purpose of providing services like executing the transactions and meeting the regulatory requirements.

Audit

• XP has the right to conduct audit of a Merchant to satisfy itself if the Merchant is adhering to the obligations as per the agreement. Merchants are obligated to provide information necessary for XP to conduct and complete the audit to its satisfaction at Merchant’s reasonable cost.

• Merchant has to comply with all applicable regulations; however, XP may review Merchant’s business practices as well from time to time or as required to fulfil our regulatory obligations. A Merchant not complying with local laws may not have any direct impact on XPs business; however, such partnerships may post threat to XPs business interests and XP may decide to terminate its services immediately in its sole discretion.

• Audit may be conducted by an XP employee or an external auditor engaged by XP for conducting such audits.

• Audit may be conducted physically on-site or remotely.

Losses and Limitation of Liabilities

We accept liability towards Merchant onboarded with us, caused by our negligence or any fraudulent misrepresentation directly by our employees or agents or indirectly attributable to our conduct subject to the following:

• XP’s obligation to indemnify the Merchant, the aggregate liability of XP to the Merchant from any cause whatsoever shall not, in any event, exceed the sum equivalent to the preceding one (1) month’s aggregate fee earned by XP from the date of occurrence of such liability.

• XP will make reasonable efforts to provide uninterrupted services; however, non-availability of website will not create any liability on us. We will not be liable to a Merchant for any loss or damage caused due to use of our website or if website is not available or reliance on any content displayed on our site.

• Under no circumstances, XP is liable to Customers of any Merchant or third party.

• We will not be responsible for any liabilities arising out of any fraudulent activities by Merchant and/or its Customers.

• Terms mentioned in the Agreement with a Merchant will be considered final for resolving any dispute pertaining to liabilities.

Communication

Communication is a critical aspect of providing services to our clients. We will use SMS and/or email for sending necessary communications on transactions accepted and processed through our platforms. These communications are primarily related to login via OTP, verification, transaction status, updates, etc which are important for providing you the Services. Providing us with your phone number and/or email while registering with us will be considered as authorization to send communication via SMS and/or email as applicable. If you do not want to receive communication via any specific mode, please inform us via “Contact us” section on our website; however, please be advised that processing such request may result in discontinuation of services provided by XPaydite.

Merchant Agreement Terms Home

As part of this Merchant Processing Application (MPA), you agree to XPaydite’s Terms & Conditions which outlines general obligations and order processing requirements in detail. These terms along with our Privacy and other policies also give directions related to data processing/sharing requirements under applicable regulations and as required by XPaydite to provide the Services. By completing this registration, you are giving consent to store and process the data including any PII for XPaydite to conduct review of this Application and/or providing its Services. XPaydite may share data with third parties in order to validate information shared by you in the Application or to provide its Services.

If you are representing an Organization, you are confirming that you are Authorized Representative of the Organization and you are accepting these terms on behalf of your Organization.

You hereby declare, represent and undertake that

• The information and the documents submitted by you are true, correct and accurate. You are the rightful owner and/or in genuine possession of the said documents/ information.

• You, including the directors and the beneficial owners of the entity, are not a PEP.

• You represent that the entity or any individual associated with the entity is not engaged in any sort of activity with a sanctioned entity or individual and does not have any business dealings in a high risk country such as The Islamic Republic of Iran and Democratic People's Republic of Korea

• You are knowingly and willingly submitting your KYC details for the purpose of verification/ acceptance of the services offered by XPaydite as per its terms and conditions.

• You shall use XPaydite Services only for legitimate businesses, as declared by you to XPaydite. You will take prior permission from XPaydite for any additional use of XPaydite Services.

• You shall ensure adherence to all applicable laws and best industry practices including specific laws/rules/practices applicable to your business.

• You will keep XPaydite notified in the event there is any change to the information/documents submitted by you to XPaydite.

• You shall ensure adherence to the Terms and Conditions and Privacy Policy of XPaydite.

• You must maintain robust system security to prevent unauthorized access and provide XPaydite with reports of any system security audits you conduct.

In case of any misrepresentation or incorrect information provided in MPA, XPaydite reserves the right to not process your MPA and/or at its sole discretion anytime terminate this relationship at a later stage (if your application is accepted).

You can download the PDF versions of the complete terms by clicking on the links given. Please note that these terms serve as a binding agreement between XPaydite and the person or entity for whom the account is being created. A summarized version of these terms is given below for quick reference. Refer to the agreement pdfs for definitions of the capitalized words if not defined below.

1. Services

XPaydite agrees to provide its Services payment processing and related services to the Merchant under the terms of the agreement and applicable Order Forms. Except in case of Quick Pay Links, Merchants must integrate their platform with XPaydite using APIs or a hosted page before launching sales. XPaydite must and you are required to have XPaydite validate all integrations before launching buyer sales. If the Merchant does not enable sales within two months, pricing terms may expire. Expanding to new territories requires a new Order Form.

2. Relationship Between Parties

Unless otherwise noted, XPaydite operates as merchant of record or reseller, purchasing Products from the Merchant and reselling them to Buyers. In some cases, XPaydite may act as a payment agent for the Merchant, collecting payments from Buyers and remitting funds after deductions.

3. Merchant Responsibilities

Merchants must provide accurate business, buyer, product, and transaction data, comply with KYC and AML requirements, and ensure Product delivery. They must maintain up-to-date business licenses and ensure their offerings comply with Applicable Laws and regulations. XPaydite may suspend services if necessary information is not provided or if violations occur.

4. Compliance

Merchants are required to comply with AML, PCI DSS, and other applicable financial or card scheme or banking regulations. XPaydite may conduct business and compliance due diligence reviews at any time. If a Merchant fails compliance checks, XPaydite can suspend or terminate services at its sole discretion. Both parties agree to share compliance-related information as required.

5. Payment Terms & Fees

XPaydite will deduct applicable service fees, processing fees, and taxes or other charges before remitting funds to the Merchant. Payments will be made in the agreed Settlement Currency, with foreign exchange conversion where required. The Merchant is responsible for keeping bank account details updated to avoid payment issues. XPaydite may revise pricing with a 30-day notice.

6. Chargebacks & Reversals

Buyers may dispute transactions through chargebacks or reversals initiated via their bank or card issuer. The Merchant shall be responsible to provide all transaction and buyer data for XPaydite to evaluate and defend any disputes. XPaydite reserves the right to withhold disputed funds or associated fees, assist in dispute resolution, and impose penalties for excessive chargebacks, including cancelling or terminating its Services.

7. Intellectual Property & Data Handling

XPaydite and the Merchant retain ownership of their respective intellectual property (IP). XPaydite grants a limited license to the Merchant for CRM and integration services, while the Merchant grants XPaydite a license to use product information for transaction processing. XPaydite may use Buyer Data for fraud prevention and compliance and shall follow relevant data protection laws.

8. Termination & Suspension

The agreement remains in effect until terminated by either party with prior notice. XPaydite may immediately suspend or terminate Services if the Merchant breaches the agreement, fails compliance checks, or poses regulatory risks. If the Merchant terminates early, a termination fee may apply.

9. Warranties & Disclaimers

Both parties warrant that they have the legal authority to enter into this agreement and will comply with Applicable Laws. Services are delivered on an AS-IS basis and XPaydite does not guarantee that its Services will function as described at all times, and shall not be held liable for issues caused by third-party integrations, Merchant errors, or external disruptions. XPaydite shall make reasonable attempts to ensure uninterrupted delivery of its Services. The Merchant is responsible for product quality, delivery, compliance, and refund obligations.

10. Indemnification

Each party agrees to indemnify the other against claims arising from their own actions. XPaydite will defend the Merchant against third-party claims related to its platform, while the Merchant must defend XPaydite against claims related to product issues, misrepresentation, or compliance violations.

11. Limitations of Liability

Neither party is liable for indirect, incidental, or consequential damages, such as lost profits. XPaydite’s maximum liability under the agreement is capped at the total fees paid by the Merchant in the one months before the claim.

12. Confidentiality

Both parties must keep Confidential Information secure and not disclose it to third parties except as required by law. If disclosure is legally necessary, the disclosing party must provide reasonable prior notice when possible. This obligation extends beyond the termination of the agreement.

13. Dispute Resolution & Governing Law

Disputes arising under this agreement will be resolved based on the governing laws applicable in the relevant jurisdiction as mentioned in XPaydite agreement pdfs. The agreement will adhere to local laws and regulations concerning arbitration and litigation as per XPaydite agreement pdfs. Any legal proceedings will be conducted in accordance with the jurisdiction specified in the agreement, and both parties agree to comply with applicable legal frameworks and procedural requirements.

14. Modifications to the Terms

We reserve the right to modify, update, or amend these Terms and Conditions at our sole discretion in response to changes in market conditions, economic factors, regulatory requirements, or other business-related circumstances. Any such changes will be effective upon communication through official channels. Continued use of our products/services after the modifications take effect constitutes acceptance of the revised Terms and Conditions.

For any queries, please coordinate with your XPaydite SPOC or write to legal@xpaydite.com

OFAC & FEMA Declaration Home

Applicable for Indian buyers purchasing international products or services only.

OFAC DECLARATION

You (“the Customer”) hereby represents to RBL Bank Limited (“the Bank”) that neither the Customer nor any other person benefiting in any capacity, directly or indirectly, from or in connection with the transaction is a Specially Designated National (SDN) and/or otherwise sanctioned under the sanctions (and related laws) promulgated by the United States of America (including its Office of Foreign Assets Control's (OFAC)), India or by Reserve Bank of India/ International Financial Services Centres Authority (IFSCA) or any other regulatory authority), United Nations, European Union, and/or any other country (collectively, the "Sanctions")

The Customer hereby agrees to indemnify and hold harmless the Bank and each of its officers, directors, employees, agents, attorneys, to the fullest extent permitted by applicable law, for all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses and disbursements incurred by any of them as a result of, or arising out of, or in any way related to, or by reason of, litigation or other proceeding (whether or not the Bank is a party thereto) related to the entering into and/or performance of the Transaction (including due to claims by a third party), and/or as a result of any breach by the Customer of its representations and undertakings as contained herein.

FEMA DECLARATION (Under Section 10(5) of the Foreign Exchange Management Act- 1999)

You hereby declare that the transaction/s, the details of which are specifically mentioned does not involve and is not designed for the purpose of any contravention or evasion of the provisions of the aforesaid Act or any rule, regulation, notification, direction, or order made there under.

You also hereby agree and undertake to give such information / documents before the Bank undertake the transaction/s and as may be required from time to time that will reasonably satisfy Bank about the transaction/s in terms of the above declaration.

You also understand that if we refuse to comply with any such requirement or make unsatisfactory compliance herewith, the Bank shall refuse in writing to undertake the transactions and shall if it has reason to believe that any contravention / evasion is contemplated by you, report the matter to Reserve Bank of India. You further declare that the undersigned has / have the authority to give this declaration and undertaking on behalf of the firm/ company/ organization.

You hereby declare that the statements made by you on this form are true and that you have not applied for an authorization through any other bank.

You declare and also understand that the foreign exchange to be acquired by you pursuant to this application shall be used by you only for the purpose for which it is acquired and that the conditions subject to which the exchange is granted will be complied with.