The following Terms and Conditions would apply
to Paysignet's Reseller Program:
Once you register as a Reseller,
Paysignet's approval team shall analyse your
request and send you the confirmation in about
48 working hours.
There shall be no Signup cost
or Deposit for Resellers. So Resellers shall
register absolutely FREE of COST.
After receiving their approval,
the Reseller may send mails to his Customer
with a link to register as a Merchant at Paysignet
or the Reseller may register the Customer himself.
Paysignet's approval team shall
analyse and finalise the terms and conditions
for Merchant requests. In all cases, the decision
of Paysignet's Approval Team would be Final.
Only Merchants who register via
the link sent by the Reseller or who are directly
registered by the Reseller, would be eligible
for the Reseller Benefit Program. No request
shall be entertained from any Reseller before
or after the activation of Merchant account.
Any website or websites directly
registered by a New Merchant or a Referred Merchant
into Paysignet (i.e. additional websites not
registered by the Reseller or not registered
via the link sent by the Reseller) will not
be eligible for any benefit. No request shall
be entertained from any reseller before or after
the activation of merchant account.
After approval, the referred Merchant
would be asked to download Paysignet's Client
Agreement along with the Appendixes and complete
it by signing all pages of the agreement and
the appendixes and ready all the documents required
in the Appendixes. The Reseller may collect
this from the Merchant and send the documents
to Paysignet or may request the Merchant to
send them directly to Paysignet.
Once the Merchant account is approved
the Reseller benefit would be payable to the
Reseller. Out of the first few Merchants referred
to Paysignet, a sum of Rs.5000 shall be withheld
as a signup cost which would become fully refundable
once the Reseller has at least four Merchants
referred and approved by Paysignet. Once the
benefit crosses Rs.5000, all moneys in excess
of this will be payable to the Reseller on a
weekly settlement basis.
The Reseller will also be entitled
to a 10% benefit on the Annual Software Upgradation
and Maintenance fees paid by the Merchant which
would differ accoring to the category of the
Merchant and shall be paid to the Reseller in
the normal payout cycle.The Reseller shall however
not be entitled to receive any commission from
TDR or any Transaction based charge that Paysignet
would collect from the Merchants.
The Reseller may terminate his
Reseller account at any moment by sending a
request at email@example.com. In case of
termination the sigup fee of Rs. 5,000 will
be refunded within 60 days (from termination
request date) subject to the condition that
the Reseller should have at least 4 refered
Merchants Accounts approved and runnign since
activation. In case the number of Referred and
Approved Merchants is less than 4 then no money
will be refunded.