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 reseller@paysignet.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.