Terms & Conditions Please read the following terms and conditions carefully before registering, accessing, browsing, downloading or using the Pay1 Remit app. By accessing or using the app or by using the service, you agree to be bound by the terms and conditions set forth below including any additional guidelines and future modifications. If at any time you do not agree to these terms and conditions or do not wish to be bound by these terms and conditions, you may not access or use the application and immediately terminate your use of the services. Acceptance of Terms and Conditions of Service: The Terms and Conditions (which may be amended from time to time) is an Agreement and is a legal contract between you, an individual customer, member, user, or beneficiary of this service of at least 18 years of age ("You"), and Mindsarray Technologies Pvt. Ltd. having its registered office at 726, Raheja's Metroplex (IJMIMA), Link Road, Malad West, Mumbai - 400064. PAY1 is a platform owned by Mindsarray Technologies Pvt. Ltd. (hereinafter referred to as "MTPL"). MTPL is the owner of the website www.pay1.in, PAY1 mobile application, PAY1 WAP site (Collectively referred to as "PAY1") hence all the rights, benefits, liabilities & obligations under the following terms & conditions shall accrue to the benefit of MTPL. PAY1 reserves the right, at its sole discretion, to revise, add, or delete portions of these terms and conditions any time without further notice. You shall re-visit the "Terms & Conditions" link from time to time to stay abreast of any changes that the "Site" may introduce. The services hereunder are offered by PAY1, located at: Mindsarray Technologies Private Limited: 726, Raheja's Metroplex (IJMIMA), Link Road, Malad West, Mumbai 400064, India. Background: Pay1 is involved in the business of providing a platform for Mobile and DTH Recharges, Domestic Money Transfer (DMT), complete payment collection solution comprising of card acceptance solutions and cash@POS, enabling individuals and businesses of all sizes to easily manage their payment collection activities and customer management services. Retailer shall have to maintain a closed loop wallet account with Pay1 for availing the services offered. Services Offered: Pay1 offers and Retailer accepts complete payment collection solution comprising of card acceptance solutions and cash@POS, along with the terms and conditions. The Parties hereby agree that the terms and conditions of the Services may be modified or changed or additional terms and conditions may be imposed by Pay1 at its sole discretion and the same shall be binding on both the Parties. It is hereby clarified that processing services of Pay1 in relation to high risk cards which involves inter alia increased chances of fraud and chargebacks shall not be considered to fall within the purview of the Services and Pay1 shall not be liable or obligated under any circumstances whatsoever for rendering its Services for the high risk cards as may be identified by Pay1 at its sole discretion and the such decision of Pay1 shall be binding on the Retailer. Overview: By Signing the application and this Agreement, the Retailer offers to receive and, subject to acceptance of the offer and the payment solution of the relevant fee and charges by the Retailer, the Retailer agrees with Pay1 to receive payment processing & collection facilities and services on the terms set out in this Agreement and agrees to comply with all the terms and conditions provided in this Agreement and other applicable laws including but not limited to the regulations, rules, directives, notifications issued by the regulatory authorities from time to time. It is hereby clarified that Pay1 in its sole discretion reserves the right to accept or reject the Retailer’s applications. Baseline Agreement: This Agreement forms the baseline agreement applicable to all Retailers of the services of Pay1 including the mobile application, the card reader application, and the payments services including the services as specified herein and such other services as may be agreed to be provided by Pay1 from time to time (collectively referred to as the “Service” or the “Services”) with such Retailer establishments physically using cards or using a mobile device or of Pay1 or cash in and cash out services as provided by Pay1 under its product named Pay1 Digi. Acceptance of Bank’s and Transaction Gateway Partner’s Terms: The Retailer by signing or electronically agreeing to the terms hereof to govern the authorization, conveyance and settlement of transactions utilizing the Service, also agrees to abide by the terms and conditions of the and those of the Transaction Gateway Partner/s. BASIC TERMS OF ENGAGEMENT
  1. Retailer’s License. Pay1 grants the Retailer a limited, non-exclusive, revocable, non-transferable license (hereinafter referred to as “Retailer’s License”), without the right to sublicense, to electronically access and use the Service as may be agreed to be provided by Pay1 along with the electronic device/equipment to accept and receive payments and to manage the funds the Retailer so receives. The Service includes Pay1’s website, software, programs, documentation, tools, internet-based services, mobile-devices-based services, components, and any updates (including software maintenance, service information, help content, bug fixes or maintenance releases) thereto provided
  2. EQUIPMENT HARDWARE AND SOFTWARE
  3. Restrictions on Use. The Retailer shall not permit either directly or indirectly do or undertake to do any acts, deeds to or things or enable or assist any third party, to do or attempt to do any of the following:
  4. COMMERCIAL TERMS
  5. SETTLEMENT OF CARD TRANSACTIONS:
  6. Applicable Law. This Agreement and the interpretation of its terms shall be governed by and construed in accordance with the laws of the State of Maharashtra and subject to the exclusive jurisdiction of the state courts located in Mumbai, India.
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