Terms & Conditions

Before you register & access PAY CONNECTX PRIVATE LIMITED website please read the following terms and conditions carefully. If any time you do not agree the terms and conditions you may not access or use the PAY CONNECTX PRIVATE LIMITED site and immediately terminate to use this service. An agreement of these terms and conditions as a legal contract with us.

By registration process for a Store Account, You are stating that You are Eligible to be a Store with Us and that You have read, understood and agreed to be bound by all of these Terms and Conditions of Service ("T&Cs"), which are not subject to negotiation.Therefore we request you to please read these T&Cs carefully.

Definitions

Operating as a PAY CONNECTX PRIVATE LIMITED Partner is simple, transparent, and highly rewarding. Instead of any complex investment, you simply maintain a working balance in your secure PayConnectX digital wallet to seamlessly execute financial and digital transactions for your customers.

When you process a service—whether it's a cash withdrawal, bill payment, or recharge—you receive the customer's payment directly, while earning a lucrative, predetermined commission credited instantly to your PayConnectX wallet. This commission is an additional profit margin and is never deducted from the customer's transaction amount, ensuring complete transparency and maximum earnings for your business.

Operational protocols for Store Applicants

To ensure seamless business operations and compliance, all onboarding Partners (Retailers and Distributors) must adhere to the following operational framework established by PAY CONNECTX PRIVATE LIMITED:

• 1. Working Capital & Wallet Management (No Capital Investment) :  Applicants must note that PAY CONNECTX PRIVATE LIMITED does not require any fixed capital investment. Partners are only required to maintain a sufficient working balance (Working Capital) in their secure PAY CONNECTX PRIVATE LIMITED digital wallet. This balance is utilized in real-time to execute financial and digital services requested by walk-in customers.
• 2.  Transaction Execution & Cash Handling :
  • For Cash-Out Services (AePS / Micro-ATM) :  When a partner facilitates a cash withdrawal for a customer, the equivalent amount is instantly credited to the partner's PayConnectX wallet. The partner then hands over the matching physical cash to the customer.
  • For Cash-In / Payment Services (mATM / Bill Payments / Recharges) :  The transaction amount is debited from the partner's wallet to complete the service, and the partner collects the equivalent physical cash or digital payment directly from the customer.
• 3.  Commission Structure & Revenue Realization :  On every successfully completed transaction, a predetermined commission is instantly credited to the Partner's PayConnectX wallet. This payout is an additional incentive and profit margin; it is never deducted from the core transaction amount or the customer's payment, ensuring 100% revenue transparency.
• 4.  Fund Settlement (Move-to-Bank) :  Partners have complete operational control over their earnings. The accumulated funds and commissions within the PayConnectX wallet can be securely and instantly transferred to the partner's registered bank account at any time via the authorized Settlement (Move-to-Bank) protocol.

After successful verification, Distributors and Retailers can add money to the PayConnectX Merchant Wallet and use it for mobile recharge, bill payment and mATM services.