Platform Activity
Terms of Participation:
2.1. Partner shall first onboard itself with the Company by completing the requisite onboarding activities.
2.2. Upon completion of onboarding requirement to the satisfaction of Razorpay, Partner Platform shall gain access to its Dashboard where it shall (i) refer the Referral Leads to the Company and (ii) add and view the list of Referred Merchants.
2.3. Partner may undertake to carry out Platform Activity for the Referred Merchant with such Referred Merchant’s consent. Partner Platform represents, warrants and covenants that it has obtained valid consent from the Referred Merchants for conducting the Platform Activity and shall indemnify the Company in case of any breach of this clause. Partner shall provide such consent for verification to the Company on demand. With respect to pre-filling of KYC related information of the Referred Merchant, the Partner agrees and undertakes that they have and at all times maintain the requisite consents to use and share the KYC related information of the Referred Merchant with Company in accordance with Applicable Laws including the Digital Data Protection Act, 2023.
Collection Facilitation Services
In lieu of the Collection Facilitation Services Fee, the Company shall provide the following Collection Facilitation Services in accordance with the following terms:
3.1 Upon Referred Merchant’s consent, the Company shall enable the Partner to split payments of the Transaction Amount (that have been initiated through the Partner) into route linked accounts tagged to the Partner (“Collection Facilitation Services”) for the limited use cases defined in clause 4 below (“Use Cases”).
3.2. For the purpose of splitting payments, Company shall create Partner level route linked accounts (“Route Linked Accounts”) for settlement of the split payments. The Partner agrees to submit required documents and proofs evidencing the existence of a relationship between the Partner and/or and such other parties (including Referred Merchants, if required) as may be required by Company for creation of the Route Linked Accounts. Such Route Linked Accounts shall only be created by the Company upon its satisfaction of the documents submitted by the Partner.
3.3. The Partner undertakes and agrees that it has collected and shall at all times maintain the requisite consents and permissions from the Referred Merchant for availing Collection Facilitation Services specifically covering the Use Cases specified hereinbelow.
3.4. The Partner shall only split payments of the Transaction Amount as per the quantum and frequencies as specified in Clause 4 below (“Quantum and Frequencies”). Further, the Partner agrees that it has specific consent from the Referred Merchants on such quantum and frequency of such split payments /deductions from the Transaction Amount as specified in clause 4 below. The Partner shall not split payments of the Transaction Amount other than as provided under Clause 4 hereinbelow without prior written consent of the Company and instructions of the Referred Merchants to the Company. Any breach of this clause shall be a material breach of this Agreement. Without prejudice to any other rights and remedies available to the Company, the Company shall be entitled to levy a penalty amount equivalent to 200 times the quantum of the split payments made by the Partner in violation of this Agreement.
3.5. The Partner hereby acknowledges and agrees that the Company shall not be liable for any disputes between the Partner and the Merchants, in relation to the services rendered by the Partner to such Merchants.
Use Cases