GENERAL TERMS OF USE
This document/agreement/understanding is a computer-generated electronic record published in terms of Rule 3 of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (amended from time to time) read with Information Technology Act, 2000 (amended from time to time) and does not require any physical or digital signatures.
Whereas the Merchant intends to avail online as well as offline payment aggregation & settlement (“Services”), the Merchant understands that online Services will be provided by Ruvapay Software Private Limited (“Ruvapay”), whereas offline Services will be provided by Ezetap Mobile Solutions Private Limited (Ruvapay POS), an Affiliate company of Ruvapay. The Merchant understands that the provision of Online Services by Ruvapay will be governed by General Terms of Use along with Part A (Specific Terms of Use - Ruvapay) enumerated below, whereas the provision of Offline Services by Ruvapay POS will be governed by General Terms of Use along with Part B (Specific Terms of Use - Ruvapay POS) enumerated below. For the avoidance of doubt, the reference to Ruvapay under General Terms of Use shall include Ruvapay POS as well.
These terms including annexures and links herein, apply to your use of www.ruvapay.com, any other linked pages, API keys, features, content or application services (including but without limitation to any mobile application, mobile site services) (“ Website ”) owned and operated by Ruvapay Software Private Limited ( ‘'Ruvapay'' ), a company incorporated under the provisions of the Companies Act, 1956 and having its registered office at 1st Floor, SJR Cyber, 22 Laskar Hosur Road, Adugodi Bangalore Bangalore KA IN 560030. “We”, “Us”, “Our” - shall refer to Ruvapay. “You”, “Yours”, “Yourself”, “Merchant” - refers to any non-registered individual or corporate body, registered user of Ruvapay including but not limited to Ruvapay merchants. “ Applicable Laws ” shall mean (i) any law, statute, rule, regulation, order, circular, decree, directive, judgment, decision or other similar mandate of any applicable central, national, state or local governmental/regulatory Authority having competent jurisdiction and force of law over, or applicable to You, us or the subject matter in question, as may be amended from time to time, and (ii) shall without limitation include any notification, circular, directive or other similar instruction issued by the ‘Financial Sector Regulators' including but not limited to the Reserve Bank of India (RBI) and/or rules, regulations, roles, responsibilities and processes as defined by NPCI on their website www.npci.org.in.
Before You may use the Website, You must read all of these General Terms of Use and the Specific Terms of Use ( defined below ) (hereinafter together referred to as the “ Terms ”) and the Privacy Policy provided on the Website. By using Ruvapay and its affiliates' products, software, services, and the Website or by availing any products offered by Ruvapay's partner institutions/lending partners, banks, financial institutions, NPCI, and technology service providers, card payment networks, (“ Facility Providers ”) or third parties (“ Services” ), You understand and agree that Ruvapay will treat Your use of the Services as acceptance of these Terms from such point of usage. You agree that Ruvapay reserves the right to update the Services from time to time.
You acknowledge and agree that all references to “Ruvapay” shall mean the Ruvapay affiliate for the Specific Terms of Use. You further agree that any claims relating to or arising from the Specific Terms of Use shall be brought solely against such Ruvapay affiliates providing Services. Ruvapay shall have no liability in respect of the same. You may not use the Services if You do not accept the Terms. If You do not agree to be bound by these Terms and the Privacy Policy, You may not use the Website in any way. It is strongly recommended for You to return to this page periodically to review the most current version of the Terms in force. Ruvapay reserves the right at any time, at its sole discretion, to change or otherwise modify the Terms without prior notice, and Your continued access or use of the Website signifies Your assent/ratification of the updated or modified Terms. If You object to these Terms or any subsequent modifications to these Terms in any way, Your only recourse is to immediately terminate use of the Website. We may require You to agree to additional terms (if any) in connection with specific services that You may avail from time to time. The Services provided by Ruvapay through the Website are available and are appropriate only for use in India.
1. PROPRIETARY RIGHTS
1.1. You acknowledge and agree that Ruvapay owns all rights, title and interest in and to the Services, including any intellectual property rights which subsist in the Services (whether registered or not). You further acknowledge that the Services may contain information which is designated confidential by Ruvapay and that You shall not disclose such information without Ruvapay's prior written consent.
1.2. Ruvapay grants You a personal, non-exclusive, non-transferable, limited privilege to avail the Services and make personal use of the Website and/or the Services. This license does not confer any right to download, copy, create a derivative work, modify, reverse engineer, reverse assemble or otherwise attempt to discover any source code, sell, assign, sub-license, grant a security interest in or otherwise transfer any right in the Services. You do not have the right to use any of Ruvapay's trade names, trademarks, service marks, logos, domain names, and other distinctive brand features. You do not have the right to remove, obscure, or alter any proprietary rights notices (including trademark and copyright notices), which may be affixed to or contained within the Services. You will not copy or transmit any of the Services.
2. USAGE OF THE WEBSITE AND USE OF SERVICES BY THE USER
2.1. You shall register to become a user of the Website only if You are of the age of 18 or above and can enter into binding contracts as per Applicable Laws. You are responsible for maintaining the secrecy of Your passwords, login and account information. You will be responsible for all use of the Website and/ or Services by You and anyone using Your password and login information (with or without our permission). You are responsible for maintaining the confidentiality of any login information and secure access credentials associated with Your Ruvapay account. Accordingly, You are responsible for all activities that occur under Your account/in using Your secure credentials and Ruvapay shall not be liable for any such change or action performed by using Your secure credentials on the Website.
2.2. You also agree to provide true, accurate, current and complete information about Yourself as and when prompted by the Website. If You provide any information that is untrue, inaccurate, not updated or incomplete (or becomes untrue, inaccurate or incomplete), or Ruvapay has reasonable grounds to suspect that such information is untrue, inaccurate, not updated or incomplete, Ruvapay shall have the right to suspend or terminate Your account and/or refuse any and all current or future use of the Website (or any portion thereof) or Services in connection thereto.
2.3. By making use of the Website, and furnishing Your contact details, You hereby agree that You are interested in knowing more or availing and/or purchasing various products, services that Ruvapay or any other third party may offer to /provide to /share with /send to You from time to time through any means including but not limited to telephone, SMS (short messaging service), electronic mail (e-mail), whatsapp or any other messaging service/mobile application or any other physical, electronic or digital means/mode. You hereby agree that Ruvapay may contact You either electronically or through phone, to understand Your interest in the selected products and Services and to fulfil Your demand or complete Your application. Further, You also expressly agree and authorize Ruvapay, its partners, service providers, vendors and other third parties to contact You for the purpose of (i) offering or inviting Your interest in availing other products or services offered by third parties, or (ii) for sending other marketing campaigns, offers, or any other information either on the Website or through other means including but not limited to telephone, SMS (short messaging service), electronic mail (e-mail), whatsapp or any other messaging service/mobile application or any other physical, electronic or digital means/mode.
2.4. You specifically understand and agree that by using the Website You authorize Ruvapay, its affiliates, partners and third parties to contact You for any follow up calls in relation to the Services provided through the Website and/ or for offering or inviting Your interest in availing any other product or service offered by Ruvapay or such third parties. You agree and consent to receive communications relating to all of the above on Your phone/mobile number (if any provided) by You on the Website and expressly waive any registration or preference made under DND/NCPR list under the applicable Telecom Regulatory Authority of India (TRAI) regulations.
2.5. You agree and authorize Ruvapay to share Your information and make Your details available to its partner banks/financial institutions, its group companies, affiliates, vendors, service providers/Facility Providers and other third parties, in so far as required for providing various products and services and/or to provide You with various value-added services, in association with the Services selected by You or generally otherwise. You agree to receive communications through emails, telephone and/or SMS, from Ruvapay or third parties. If You request not to receive such communication/marketing material any further, it shall be applicable prospectively only and shall not apply in respect to Your data already shared by Ruvapay in accordance with this clause upon Your prior consent.
2.6. You agree and acknowledge that for undertaking any payment and/or financial transaction through the Website, Ruvapay may undertake due diligence measures and seek information required for Know-Your- Customer (“ KYC ”) purpose which as a customer/merchant You are obliged to give in accordance with Applicable Laws. You agree and acknowledge that Ruvapay can undertake enhanced due diligence measures (including any documentation), to satisfy itself relating to its due diligence requirements in line with the requirements and obligations under Applicable Laws. You are solely responsible for understanding and complying with all applicable laws of Your specific jurisdiction, including but not limited to the provisions of the RBI Guidelines on Regulation of Payment Aggregators and Payment Gateways, Payment and Settlement Systems Act, 2007, Prevention of Money Laundering Act, 2002, Know Your Customer (KYC) / Anti-Money Laundering (AML) / Combating Financing of Terrorism (CFT) guidelines issued by the Department of Regulation, RBI as may be amended from time to time (the " KYC GUIDELINES ") etc., that may be applicable to You in connection with Your business and use of Services.
2.7. You agree and covenant that before the commencement of any Service(s) under these Terms, You shall provide the necessary documents (as determined in Ruvapay's sole discretion or when required by Facility Providers or governmental authorities or law enforcement agencies) (“ KYC Documents ”) to enable Ruvapay to conduct the due diligence in respect of inter alia You and Your business / activities. Ruvapay shall have the right to share the KYC Documents (or the information therein) and other related documents with the Facility Providers or governmental authorities or law enforcement agencies, as required under the Applicable Laws. You expressly consent Ruvapay to rely on the KYC Documents provided by You for providing Services. You further acknowledge and agree that Ruvapay reserves the right at all times to monitor, review, retain and/or disclose any information in relation to the Service(s) as necessary pursuant to satisfy any Applicable Laws, legal process or governmental request.
2.8. Ruvapay shall have the right to demand from You, any (i) additional KYC Documents and /or (ii) any KYC related or other documents of Your customers or invoices, in its sole discretion and /or as per the Applicable Laws or pursuant to requests from governmental authorities or Facility Providers. Your failure to submit the KYC Documents when requisitioned shall entitle Ruvapay to suspend the Services and/or stop settlement of monies (as applicable) until You submit such KYC Documents to the sole satisfaction of Ruvapay.
2.9. You agree that Ruvapay shall not be responsible for any delivery, after-sales service, payment, invoicing or collection, customer enquiries (not limited to sales enquiries), technical support maintenance services and/or any other obligations or services relating to or in respect of Your products or services. Such obligations shall be Your sole responsibility. You shall indemnify Ruvapay against any claim arising from such services or obligations and shall bear any and all expenses and/or costs relating thereto.
2.10. Throughout Your use of the Services, You declare that You or Your affiliates and/ or its Beneficial Owner are not a Politically Exposed Person. You shall forthwith inform us in writing if this declaration becomes untrue during any period of Your use of the Services. Capitalised terms used here but not defined shall have the meaning ascribed to them in the KYC Guidelines issued by the RBI, as amended from time to time.
2.11. The usage of the Website may also require You to provide consent for providing Your Personal Information (“ PI ”) (including but not limited to any personal data or sensitive personal data as defined under Applicable Laws) or to authorize Ruvapay to derive Your data/information from any source or public registry, as may be necessary to complete Your profile or Your application on the Website, conduct due diligence on You, undertake KYC checks by itself or any other third party and/or to provide You Services through this Website. Ruvapay shall adhere to best industry practices including information security, data protection and privacy law while processing such applications. However, Ruvapay shall not be liable to You against any liability or claims which may arise out of such transactions as any such PI is being collected, used, processed and shared with Your explicit consent.
2.12. You agree not to use the Website and/ or Services for any purpose that is unlawful, illegal or forbidden by these Terms, or any local laws that might apply to You. Since the Website is in operation in India, while using the Website and/ or the Services, You shall agree to comply with laws that apply in India. We may, at our sole discretion, at any time and without advance notice or liability, suspend, terminate or restrict Your access to all or any component of the Website and/ or Services.
2.13. You are prohibited from posting or transmitting to or through this Website: (i) any unlawful, threatening, libellous, defamatory, obscene, pornographic or other material or content that would violate rights of publicity and/or privacy or that would violate any law or that harms minors in any way; (ii) any commercial material or content (including, but not limited to, solicitation of funds, advertising, or marketing of any good or services); (iii) any material or content that infringes, misappropriates or violates any copyright, trademark, patent right or other proprietary right of any third party; (iv) contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer resource; (v) threatens the unity, integrity, defense, security or sovereignty of India, friendly relations with foreign states, or public order or causes incitement to the commission of any cognizable offence or prevents investigation of any offence or is insulting to any other nation; (vi) impersonates another person; or (vii) is illegal in any other way. You shall be solely liable for any damages resulting from any violation of the foregoing restrictions, or any other harm resulting from Your posting of content to this Website.
2.14. You represent and warrant that:
(a) You are duly incorporated or established under the laws of Your jurisdiction and have all requisite power and authority to own and operate Your business.
(b) You have the full legal capacity and power to enter into, exercise Your rights under, and perform Your obligations under these Terms.
(c) The execution, delivery and performance of these Terms has been authorized by all necessary corporate and organizational actions including but not limited to board resolution and/or power of attorney and/or letter of authority to bind Your business and Your company/firm/organization.
(d) You have duly accepted these Terms, which form a legal, valid and binding obligation, enforceable in accordance with its clauses.
(e) You do not, and shall not, engage in any activity related to virtual currency, cryptocurrency and other crypto products (like non-fungible tokens or NFTs), prohibited investments for commercial gain or credits that can be monetized, re-sold or converted to physical or digital goods or services or otherwise exit the virtual world. Any breach of this provision shall be subject to immediate suspension or termination of any or all Services, at Ruvapay's sole discretion, and You shall be liable to indemnify Ruvapay from the losses arising from such breach.
2.15. You further covenant and agree that You shall ensure that:
(a) Your use of the Services and sale of Your products/services are solely for Your own bona fide business activities which are in compliance with the Applicable Laws and also the instructions issued from time to time by the Ruvapay and its Facility Providers.
(b) Your use of the Services corresponds to those activities under the categories You have expressly registered for at the time of entering into these Terms and as set out in Your onboarding form on the Ruvapay dashboard or as otherwise approved in writing by Ruvapay.
(c) You shall not resell or assign the Services, in whole or in part, or otherwise allow the use of the Services by any third parties or Your affiliates.
(d) Your use of Services does not facilitate any activity which is unlawful, illegal, unauthorised, is carried on with the intent to defraud, or is likely to result in Your unjust enrichment and/or unlawful gain.
(e) Your use of Services does not facilitate the offer, sale or purchase of prohibited products and/or services specified under these Terms.
(f) You hold informed consent of Your customers to share customer's information with Ruvapay and its affiliates in connection with the Services and/or for the purposes of sharing with governmental authorities as and when demanded under Applicable Laws, for the purpose of transaction tracking, fraud prevention, or otherwise required pursuant to regulatory authorities' orders and/or notices including but not limited to notices under Section 91 of CrPC.
2.16. You acknowledge that the Services are of complex nature and require the intervention of the Facility Providers. You acknowledge and agree that Ruvapay shall only be liable for acts or omissions which are solely and directly attributable to Ruvapay.
2.17. In order to avail the Services, You shall take all necessary steps to facilitate the integration of Ruvapay's solutions with Your platform. It is hereby clarified that any Server to Server (S2S) integration, if done, shall be solely for the purpose of availing the Services and intended to be used or accessed only by You.
2.18. You shall assist Ruvapay in furnishing to its auditors, the Facility Providers, governmental authorities, or law enforcement agencies, forthwith upon request from time to time, KYC Documents, relevant books, the original copy / copies of proof of transactions, invoices or other records, including pertaining to any order placed by Your customers. You shall retain records relating to transactions for a period of 10 (ten) years from the relevant date of the order placed on Your site. Ruvapay and the Facility Providers, and/or governmental agencies and/or law enforcement agencies shall be entitled to audit and inspect the records and other data relating to the customer's orders at any time whatsoever and without any prior notice. You shall ensure cooperation with Ruvapay, its auditors, Facility Providers, governmental authorities, or law enforcement agencies for any audit, inspection or pursuant to any other request.
2.19. You shall not (whether online or otherwise): (i) describe Yourself as an agent or representative of Ruvapay or the Facility Provider; (ii) represent that You have any rights to offer any products or services offered by Ruvapay or the Facility Provider; and (iii) make any representations to Your customer or any third party or give any warranties which may require Ruvapay or Facility Provider to undertake to or be liable for, whether directly or indirectly, any obligation and/or responsibility to Your customer or any third party.
2.20. When a customer purchases a goods or services from You, You may, in Your sole discretion, impose any convenience fee on the customer. Any responsibility or losses incurred by Ruvapay as a result of the charge of any such convenience fee by You to Your customers shall be borne by You. You shall also indemnify Ruvapay for such liability or losses.
3. PAYMENT
3.1. Applicable fees for the provision of Services shall be levied by Ruvapay from time to time. You agree that the fees shall be charged according to the manner, rates and frequency determined by Ruvapay. Ruvapay reserves the right to update the amount of the fees charged at its sole discretion.
3.2. Fees are exclusive of applicable taxes and Ruvapay will charge such applicable taxes on the fees from time to time. You agree that any statutory variations in applicable taxes during the subsistence of these Terms shall be borne by You.
3.3. We will raise monthly invoices in respect of fees charged for Services provided during such months. Invoices are available on the dashboard on a monthly basis. Any dispute in respect of an invoice must be communicated by You to Us via a notice no later than ten (10) days from the date of the invoice. Ruvapay shall use good faith efforts to reconcile any reasonably disputed amounts.
3.4. You shall be responsible to do reconciliation on a daily basis for all the transactions processed. In case of discrepancies, You shall report to Ruvapay regarding such discrepancy within three (3) working days. However, if any reconciliation issue is highlighted by You to Ruvapay after three (3) working days from the transaction date, Ruvapay shall not be responsible or liable in any way whatsoever in case such queries and/or concerns are not resolved.
3.5. For fees deducted upfront before provision of the specific Service, it is agreed that if You deposit applicable taxes under Section 194H of the Income Tax Act, 1961 (in respect of invoices received by You) and furnish to Ruvapay Form 16-A in respect of such taxes paid, then Ruvapay shall reimburse to You, on a quarterly basis, the amount in respect of such taxes paid. In all other cases, with respect to invoices received by You, at the time of payment of the Fees, You will withhold applicable taxes under Section 194H of the Income Tax Act, 1961 (in case LTDC is provided as per the LTDC issued). You shall deposit the withheld taxes with the government treasury, file the statutorily mandated returns and furnish the requisite tax deduction certificate (Form 16-A) to Ruvapay within the timelines prescribed so as to enable Ruvapay to obtain full credit for the taxes deducted at source.
3.6. You shall be solely responsible for updating Your GST registration number on the Ruvapay dashboard before Ruvapay generates the invoice and shall also submit the GST certificate as part of KYC. Ruvapay will raise a GST tax invoice and report the transactions in the GST returns based on the information provided by You. The GST returns will be filed as per the statutory timelines, to enable You to avail appropriate input tax credit. Ruvapay shall not be responsible for any mistake and or misrepresentation by You in updating the GST number and other particulars as per the GST certificate. Further, any liability raised on Ruvapay by the GST authorities due to incorrect information provided by You or deliberate withholding of any statutory information by You shall be recovered by Ruvapay from You.
4. PRIVACY POLICY
By using the Website, You hereby consent to the use of Your information as we have outlined in our Privacy Policy.
5. THIRD PARTY LINKS/OFFERS
This Website may provide links to other websites or resources. Since Ruvapay has no control over such third-party websites and resources, You acknowledge and agree that Ruvapay is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such sites or resources. You further acknowledge and agree that Ruvapay shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource. Your interaction with any third party accessed through the Website is at Your own risk, and Ruvapay will have no liability with respect to the acts, omissions, errors, representations, warranties, breaches or negligence of any such third parties or for any personal injuries, death, property damage, or other damages or expenses resulting from Your interactions with the third parties.
6. OUR PARTNERS
This Website also offers You access to information primarily about certain financial products/services including, but not restricted, to loan facility, credit cards facility, investment services such as current accounts offered by our lending partners. The terms of use and conditions can be accessed here.
7. DISCLAIMER OF WARRANTY
Ruvapay warrants that the Service(s) shall be provided materially in accordance with the services documentation available on the Website. Ruvapay warrants that the Service(s) will perform in all material respects in accordance with these Terms. To the maximum extent permitted by Applicable Laws and except as stated in these Terms, the Services are provided on an “as is” basis. You acknowledge that Ruvapay does not warrant that the Service(s)s will be uninterrupted or error free or fit for Your specific business purposes.
8. LIMITATION OF LIABILITY
8.1. Ruvapay (including its officers, directors, employees, representatives, affiliates, and providers) will not be responsible or liable for (a) any injury, death, loss, claim, act of God, accident, delay, or any direct, special, exemplary, punitive, indirect, incidental or consequential damages of any kind (including without limitation lost profits or lost savings), whether based in contract, tort, strict liability or otherwise, that arise out of or is in any way connected with (i) any failure or delay (including without limitation the use of or inability to use any component of the Website), or (ii) any use of the Website or content, or (iii) the performance or non-performance by Us or any Facility Provider, even if we have been advised of the possibility of damages to such parties or any other party, or (iv) any damages to or viruses that may infect Your computer equipment or other property as the result of Your access to the Website or Your downloading of any content from the Website. The Website may provide links to other third-party websites. However, since Ruvapay has no control over such third-party websites, You acknowledge and agree that Ruvapay is not responsible for the availability of such third-party websites and does not endorse and is not responsible or liable for any content, advertising, products or other materials on or available from such third-party websites. You further acknowledge and agree that Ruvapay shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such third-party websites. Such third-party websites may have separate terms and conditions and privacy policy, and which are independent of Ruvapay and therefore, we advise You to read the terms of use and conditions available on such websites before You access any such third- party website.
8.2. Notwithstanding anything under these Terms, Ruvapay's aggregate liability and that of its affiliates, officers, employees and agents relating to the Service(s), will not exceed an amount equal to one (1) month fees paid by You for the specific Service(s) giving rise to the liability. Ruvapay's liability under or in connection with Terms will be proportionately reduced to the extent any loss or damage is contributed to by You or Your third party providers
9. INDEMNITY
You agree to indemnify and hold Ruvapay (and its officers, affiliates, group company, directors, agents and employees) harmless from any and against all claims, whether or not brought by third parties, causes of action, demands, recoveries, losses, damages, fines, penalties or other costs or expenses of any kind or nature, including reasonable attorneys' fees, or arising out of or related to Your breach of these Terms, Your violation of any Applicable Laws or the rights of a third party, or Your use of the Website or any disputes between You and any third party.
10. CARD ASSOCIATION RULES
10.1. " Card Payment Network Rules " refer to the written rules, regulations, releases, guidelines, processes, interpretations and other requirements (whether contractual or otherwise) imposed and adopted by the card payment networks. These card payment networks have infrastructure and processes to enable transaction authorisation. The card payment networks require You to comply with all applicable guidelines, rules, and regulations formulated by them.
10.2. The card payment networks reserve the right to amend their guidelines, rules and regulations. We may be required to amend, modify or change these Terms pursuant to amendments to the Card Payment Network Rules and such amendments, if any, shall be deemed to be binding on You with immediate effect.
10.3. You agree to fully comply with all programs, guidelines, requirements that may be published and/ or mandated by the card payment networks. Notwithstanding our assistance in understanding the Card Payment Network Rules, You expressly acknowledge and agree that You are assuming the risk of compliance with all provisions of the Card Payment Network Rules, regardless of whether You are aware of or have access to those provisions. MasterCard, Visa, Diners, RuPay and American Express make excerpts of their respective rules available on their internet sites.
10.4. In the event that Your non-compliance of Card Payment Network Rules, results in any fines, penalties or other amounts being levied on or demanded of us by a card payment network, then without prejudice to our other rights hereunder, You shall forthwith reimburse us in an amount equal to the fines, penalties or other amount so levied or demanded or spent by us in any manner in relation to such fines, penalties and levies. If You fail to comply with Your obligations towards the card payment networks, Ruvapay may suspend settlement or suspend/ terminate the Services forthwith.
11. WAIVER
Any failure or delay by Ruvapay to enforce or exercise any provision of these Terms, or any related right, shall not constitute a waiver by Ruvapay of that provision or right. The exercise of one or more of Ruvapay's rights hereunder shall not be a waiver of, or preclude the exercise of, any rights or remedies available to Ruvapay under these Terms or in law or at equity. Any waiver of any provision shall only be effective if made in writing and executed by a duly authorized officer of Ruvapay.
12. FORCE MAJEURE
If performance of Services/Website by Ruvapay is prevented, restricted, delayed or interfered with by reason of labour disputes, strikes, acts of God, epidemic, pandemic, floods, lightning, severe weather, shortages of materials, rationing, inducement of any virus, malware, trojan or other disruptive mechanisms, any event of hacking or illegal usage of the Website, utility or communication failures, earthquakes, war, revolution, acts of terrorism, civil commotion, acts of public enemies, blockade, embargo or any law, order, proclamation, regulation, ordinance, demand or requirement having legal effect of any government, regulatory or any judicial authority or representative of any such government, or any other act whatsoever, whether similar or dissimilar to those referred to in this clause, which are beyond the reasonable control of Ruvapay, then Ruvapay shall be excused and discharged from such performance to the extent of and during the period of such force majeure event, and such non-performance shall, in no manner whosoever, amount to a breach by Ruvapay of its obligations herein or incur any legal liability on Ruvapay.
13. ANTI BRIBERY AND SANCTIONS LAWS
You agree to comply with all applicable anti-bribery and anti-corruption laws which prohibit officials, representatives, agents or any other person associated with or acting on behalf of You from giving, offering, promising to offer, receiving/ accepting or acting in any other manner so as to induce a payment, gift, hospitality or anything else of value (either directly or indirectly) whether from within the country or from abroad to government officials, public servants, regulatory bodies, judicial authorities, persons in positions of authority, elected or contesting electoral candidates, political parties or office bearers thereof or any other third party or person in order to obtain an improper commercial/ business advantage of any kind. Government officials include any government employee, candidate for public office, an employee of government- owned or government–controlled companies, public international organisations and political parties. You also agree not to give, offer, pay, promise or authorise to give or pay, directly, indirectly or through any other person, of anything of value to anybody for the purpose of inducing or rewarding any favourable action or influencing any decision in Your favour.
14. ADDITIONAL TERMS
14.1. You may not assign or otherwise transfer Your rights or obligations under these Terms. Ruvapay may assign its rights and duties under these Terms without any such assignment being considered a change to the Terms and without any notice to You. If we fail to act on Your breach or anyone else's breach on any occasion, we are not waiving our right to act with respect to future or similar breaches. Additional terms applicable to the Services provided by Ruvapay or its affiliates are as under:
(a) The laws of India, without regard to its conflict of laws, rules, will govern these Terms, as well as Your and Our observance of the same. If You take any legal action relating to Your use of the Website or these Terms, You agree to file such action only in the courts located in Bangalore, India. In any such action that We may initiate, the prevailing party will be entitled to recover all legal expenses incurred in connection with the legal action, including but not limited to costs, both taxable and non-taxable, and reasonable attorney fees. You acknowledge that You have read and have understood these Terms, and that these Terms have the same force and effect as a signed agreement. This clause shall survive termination of the Terms.
(b) Without prejudice to any other rights or remedies Ruvapay may have, You hereby agree and confirm that Ruvapay shall have the right to set-off by whatever means the whole or any part of Your liability to Ruvapay under these Terms (or any other agreement between You and Ruvapay or its affiliates) against any funds, sums or other amounts credited to, or owing to, You under these Terms (or any other agreement between You and Ruvapay or its affiliates). You agree that Ruvapay may exercise the right of set-off at any time, without any prior notice to You. In the event such set-off does not fully reimburse Ruvapay for the liability owed, You shall pay Ruvapay a sum equal to any shortfall thereof.
(c) You shall not (whether on-line or otherwise): (i) describe Yourself as an agent or representative of Ruvapay or any Facility Provider; (ii) represent that You have any rights to offer any products or services offered by Ruvapay or the Facility Provider; and (iii) make any representations to Your customer or any third party or give any warranties which may require Ruvapay or Facility Provider to undertake to or be liable for, whether directly or indirectly, any obligation and/or responsibility to customer or any third party. (d) Ruvapay reserves the right to make changes to the Website, related policies and agreements, these Terms and the Privacy Policy at any time as it deems fit and proper, including but not limited to comply with changes in law or regulation, correct inaccuracies, omissions, errors or ambiguities, reflect changes in the process flow, scope and nature of the Services and ancillary services, company reorganization, market practice or customer requirements. Upon any change, Your continued use of the Services and ancillary services constitutes acceptance of the changes and an agreement to be bound by Terms, as amended. If You do not agree to the changes, You may please discontinue Your use of the Services.
14.2. An end user may avail dynamic currency conversion ("DCC") services which may be made available by Ruvapay to an end user, as applicable. The transaction amount payable by the end user towards the purchase of goods or services from a merchant shall be inclusive of charges for such DCC services availed by the end user. An end user may reach out to dcc_invoice@ruvapay.com, by providing the payment ID and end user contact number, to get invoices for DCC transactions.
15. ADVERTISING
Some of the Services may be supported by advertising revenue and may display advertisements and promotional material. These advertisements may be targeted to the content of information stored on the Services, queries made through the Services or other information. The manner, mode and extent of advertising by Ruvapay are subject to change without any specific notice to You. In consideration for Ruvapay granting You access to and use of the Services, You agree that Ruvapay may place such advertisements on the Services through Website, print media, electronic media, and social media advertising platforms etc.
16. SUSPENSION AND TERMINATION
16.1. Notwithstanding anything to the contrary, Ruvapay shall have the right to immediately suspend Services and settlement of any monies or payments to You, without any liability to You, in the event of the following:
(a) You breach any clause of these Terms.
(b) You facilitate any transaction which is unlawful or in contravention with ‘Prohibited Products and Services' listed below.
(c) Ruvapay receives instructions from Facility Providers or governmental authorities or law enforcement agencies to either suspend the Services, or part thereof, or directs to suspend the Services or part thereof regardless of whether there is pending investigation/enquiry into any alleged illegal/unlawful activities.
(d) You use the Services for any transactions which have a high-risk score as per Ruvapay's internal fraud assessment tools and other policies.
(e) Ruvapay is of the opinion that there are suspicious circumstances surrounding Your activities.
(f) Ruvapay is of the opinion that there are pending, anticipated, or excessive disputes, refunds, or reversals relating to Your use of Services.
(g) Your products / services infringe, or are suspected of infringing, intellectual property rights, copyrightable works, patented inventions, trademarks and trade secrets, or You are suspected of selling counterfeit and/or knock-off goods.
(h) You materially change the type of the products / services provided to end customers and as declared on the onboarding form, without obtaining Ruvapay's prior written permission to use the Services for the new or changed types of services / products, or it is discovered by Ruvapay that You provided substantially misleading and / or false information about Your products / services as part of the onboarding activities.
(i) Ruvapay in its sole discretion determines that Your activities expose Ruvapay to risks which are unacceptable to Ruvapay.
(j) Ruvapay in its sole discretion is required to do so due to regulatory changes impacting the Services.
16.2. These Terms are effective upon the date You first access or use the Services and continue until terminated by You or Ruvapay. We may terminate these Terms or close Your Ruvapay account at any time for any reason (including, without limitation, for any activity that may create harm or loss to the goodwill of Ruvapay). Where Applicable Laws requires advance notice of termination to be provided, we will, prior to termination, provide You with the required advance notice of termination.
16.3. Termination does not immediately relieve You of obligations incurred by You under these Terms. Upon termination, You agree to stop using the Services. Your continued or renewed use of the Services after termination serves to renew Your consent to the Terms. In addition, upon termination You understand and agree that We will not be liable to You for compensation, reimbursement, or damages related to Your use of the Services, or any termination or suspension of the Services or deletion of Your information or account data; and You will still liable to us for any fees or fines, or other financial obligation incurred by You or through Your use of the Services prior to termination.
17. PROHIBITED PRODUCTS AND SERVICES
1. Adult goods and services which includes pornography and other sexually suggestive materials (including literature, imagery and other media); escort or prostitution services; Website access and/or Website memberships of pornography or illegal sites;
2. Alcohol which includes alcohol or alcoholic beverages such as beer, liquor, wine, or champagne;
3. Body parts which includes organs or other body parts;
4. Bulk marketing tools which includes email lists, software, or other products enabling unsolicited email messages (spam);
5. Cable descramblers and black boxes which includes devices intended to obtain cable and satellite signals for free;
6. Child pornography which includes pornographic materials involving minors;
7. Copyright unlocking devices which includes Mod chips or other devices designed to circumvent copyright protection;
8. Copyrighted media which includes unauthorized copies of books, music, movies, and other licensed or protected materials;
9. Copyrighted software which includes unauthorized copies of software, video games and other licensed or protected materials, including OEM or bundled software;
10. Counterfeit and unauthorized goods which includes replicas or imitations of designer goods; items without a celebrity endorsement that would normally require such an association; fake autographs, counterfeit stamps, and other potentially unauthorized goods;
11. Drugs and drug paraphernalia which includes illegal drugs and drug accessories, including herbal drugs like salvia and magic mushrooms;
12. Drug test circumvention aids which includes drug cleansing shakes, urine test additives, and related items;
13. Endangered species which includes plants, animals or other organisms (including product derivatives) in danger of extinction;
14. Gaming/gambling which includes lottery tickets, sports bets, memberships/ enrolment in online gambling sites, and related content;
15. Government IDs or documents which includes fake IDs, passports, diplomas, and noble titles;
16. Hacking and cracking materials which includes manuals, how-to guides, information, or equipment enabling illegal access to software, servers, website, or other protected property;
17. Illegal goods which includes materials, products, or information promoting illegal goods or enabling illegal acts;
18. Miracle cures which includes unsubstantiated cures, remedies or other items marketed as quick health fixes;
19. Offensive goods which includes literature, products or other materials that: (a) Defame or slander any person or groups of people based on race, ethnicity, national origin, religion, sex, or other factors; (b) Encourage or incite violent acts; or (c) Promote intolerance or hatred.
20. Offensive goods, crime which includes crime scene photos or items, such as personal belongings, associated with criminals;
21. Pyrotechnic devices, combustibles, corrosives and hazardous materials which includes explosives and related goods; toxic, flammable, and radioactive materials and substances;
22. Regulated goods which includes air bags; batteries containing mercury; Freon or similar substances/refrigerants; chemical/industrial solvents; government uniforms; car titles; license plates; police badges and law enforcement equipment; lock-picking devices; pesticides; postage meters; recalled items; slot machines; surveillance equipment; goods regulated by government or other agency specifications;
23. Securities which includes government bonds or related financial products;
24. Tobacco and cigarettes which includes cigarettes, cigars, chewing tobacco, and related products;
25. Traffic devices which includes radar detectors/jammers, license plate covers, traffic signal changers, and related products;
26. Weapons which includes firearms, ammunition, knives, brass knuckles, gun parts, and other armaments;
27. Wholesale currency which includes discounted currencies or currency exchanges;
28. Live animals or hides/skins/teeth, nails and other parts etc. of animals;
29. Multi-Level Marketing collection fees;
30. Matrix sites or sites using a matrix scheme approach;
31. Offering Work-at-home approach and/or Work-at-home information; with an intention to deceive;
32. Drop-shipped merchandise;
33. Any product or service which is not in compliance with all applicable laws and regulations whether federal, state, local or international, including the laws of India;
34. Provision of any services that have the potential of casting the Payment Gateway Facilitators in a poor light and/or that may be prone to Buy & Deny attitude of the cardholders when billed (e.g. Adult material/ Mature content/Escort services/ friend finders) and thus leading to chargeback and fraud losses;
35. Businesses or website that operate within the scope of laws which are not absolutely clear or are ambiguous in nature (e.g. Web-based telephony, Website supplying medicines or controlled substances, website that promise online match-making);
36. Businesses out rightly banned by law (e.g. Betting & Gambling/ publications or content that is likely to be interpreted by the authorities as leading to moral turpitude or decadence or incite caste/communal tensions, lotteries/sweepstakes & games of chance;
37. If You deal in intangible goods/ services (eg. Software download/ Health/ Beauty Products), and businesses involved in pyramid marketing schemes or get-rich-quick schemes and any other product or Service, which in the sole opinion of either the Partner Bank or the Acquiring Bank, is detrimental to the image and interests of either of them / both of them, as communicated by either of them/ both of them to You from time to time. This shall be without prejudice to any other terms & conditions mentioned in these Terms;
38. Mailing lists;
39. Virtual currency, cryptocurrency and other crypto products (like non-fungible tokens or NFTs), prohibited investments for commercial gain or credits that can be monetized, re-sold or converted to physical or digital goods or services or otherwise exit the virtual world;
40. Money laundering services;
41. Database providers (for tele-callers);
42. Bidding/Auction houses;
43. Activities prohibited by the Telecom Regulatory Authority of India;
44. Any other activities prohibited by Applicable Laws;
45. Entities operating as chit funds/ nidhi companies (except government or public sector unit (PSU) entities);
46. Unregulated/ unlicensed money service business (MSB) or money and value transfer services (MVTS) like exchange houses, remittance agents or individuals running such businesses in jurisdictions that require license for such businesses.
The above list is subject to additions / changes by Ruvapay, based on instructions received from Facility Providers, without any prior intimation to You.
18. DEFINITIONS:
18.1. “Affiliate” means, with respect to a Party, any entity that directly or indirectly controls, is controlled by, or is under common control with such Party, whereby “control” (including, with correlative meaning, the terms “controlled by” and “under common control”) means the possession, directly or indirectly, of the power to direct, or cause the direction of the management and policies of such person, whether through the ownership of voting securities, by contract, or otherwise.
18.2. “Applicable Laws” means any law, statute, rule, regulation, order, circular, decree, directive, judgment, decision or other similar mandate of any applicable central, national, state or local Governmental/Regulatory Authority having competent jurisdiction and force of law over, or application to the Party or subject matter in question, as may be amended from time to time. Applicable Laws shall without limitation include any notification, circular, directive or other similar instruction issued by the 'Financial Sector Regulators' including but not limited to the Reserve Bank of India. Applicable Laws also include rules, regulations, roles, responsibilities and processes as defined by NPCI on their website www.npci.org.in.
18.3. “ Chargeback ” shall mean the reversal (such reversal being requested by a Facility Provider pursuant to a request from the Facility Provider's customer) of the debit of the Transaction Amount that was charged by You, where the reversal is approved by the Facility Provider following examination of the Transaction related documents and information furnished by You, consequently resulting in Ruvapay being charged the Transaction Amount and charges, penalties or fines associated with processing the Chargeback.
18.4. “ Chargeback Amount ” shall mean the aggregate amount that the Facility Provider charges Ruvapay pursuant to a Chargeback.
18.5. “ Chargeback Documents ” has the meaning ascribed to the term in Clause 3.1 hereunder.
18.6. “ Chargeback Request ” means a claim for Chargeback by the Facility Provider's customer.
18.7. “Claims” means any claim asserted against the Merchant, that is paid or payable to a third party pursuant to an order of a court of law, judicial and quasi-judicial authorities.
18.8. “Customer” means the Merchant's customer who will be making payments to the Merchant in consideration for goods / services availed of by the customer from the Merchant
18.9. “Device” means the point of sale (PoS) or mobile point of sale (mPoS) devices on which the Ruvapay Software is enabled.
18.10. “ Escrow Account ” or “ Nodal Account ” is an account held by Ruvapay with an Escrow Bank or nodal bank, as applicable for the purpose of receiving the Transaction Amount and effecting settlements to You.
18.11. “ Escrow Bank ” means a bank that is authorised by the RBI, to operate an Escrow Account / Nodal Account under Payment Aggregation Guidelines.
18.12. “ Escrow Bank Working Days ” means days on which the Escrow Bank is operational to undertake settlements.
18.13. “ Fee Credit ” has the meaning ascribed to the term in Clause 2.5 hereunder.
18.14. “KYC” means know your customer norms as set out in the Master Direction- Know Your Customer (KYC), 2016 notified by Reserve Bank of India through circular no. Master Direction DBR.AML.BC.No.81/14.01.001/2015-16, to the extent applicable to the Services and as may be determined by Ruvapay or the Facility Providers.
18.15. “OFAC” means the Office of Foreign Assets Control constituted under the law of the United States of America.
18.16. “ Payment Aggregator Guidelines ” means, as applicable, the RBI circular DPSS.CO.PD.NO.1102/02.14.08/2009-10 dated November 24, 2009 or DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020, including any amendments, clarifications, FAQs, etc. which may be issued from time to time.
18.17. “ Payment Instrument ” includes credit card, debit card, bank account, prepaid payment instrument or any other instrument issued under Applicable Law, used by a customer to pay the Transaction Amount
18.18. “ Permissible Deductions ” means (a) fees charged by Ruvapay; (b) Chargeback Amount including fines and penalties; and (c) any other sum due and payable by You to Ruvapay.
18.19. “ Refund ” means processing of Your request to Ruvapay, for returning the Transaction Amount (or part thereof) to the Payment Instrument which was used for effecting the payment of the Transaction Amount.
18.20. “Terminal ID (TID)” shall mean an unique number assigned to a Merchant that is set up in the Ruvapay system. TIDs can be associated with any Device at the discretion of Ruvapay and the Merchant. Any Device can be de-activated at any time at the request of the Merchant.
18.21. “ Transaction ” means an order or request placed by the customer with You (or a third-party vendor availing of Your services) for purchasing goods/ services from You, which results in a debit to the customer's Payment Instrument.
18.22. “ Transaction Amount ” means the amount paid by the customer in connection with Transaction.
PART A - Specific Terms of Use (Ruvapay - Online Payment Aggregation Services)
A. Payment Aggregation Services
You agree that the fees shall be charged according to the manner, rates and frequency determined by Ruvapay. Ruvapay reserves the right to update the amount of the Fees including for Services for which no charge has been levied previously in accordance with this clause. You agree that You shall be liable to pay any additional fees as determined by Ruvapay in the event:
(a) You avail certain value-added services available on the dashboard irrespective of whether they have been available free of charge previously.
(b) You avail any new Services not mentioned in these Terms.
You agree that Your use of any Service or a value-added service shall be construed as a consent to any additional fees which may be levied by Ruvapay on such additional Service or value-added service.
1. PAYMENT PROCESSING
1.1. Subject to the General Terms of Use read with the Specific Terms of Use for Payment Aggregation Services, Ruvapay shall facilitate collection of online payments for products/ services sold by You.
1.2. Subject to Clause 3 and 4 hereunder, Ruvapay shall settle the Transaction Amount (net of Permissible Deductions) into Your account within two (2) Escrow Bank working days following the date of the Transaction.
1.3. If Ruvapay settles the Transaction Amount under the General Terms of Use or any Specific Terms of Use thereunder, at an earlier time than agreed above, Ruvapay shall have an absolute right to recover the Transaction Amount forthwith if the same is not received in the Escrow Account within three (3) Escrow Bank Working Days following the date of the Transaction for any reason whatsoever.
1.4. Ruvapay shall have an absolute right to place limits on the Transaction value.
1.5. You may choose to purchase fee credits from Ruvapay in respect of the Services being rendered under this Specific Terms of Use for Payment Aggregation Services. It is agreed that in respect of each Transaction, Ruvapay shall be entitled to deduct an amount equivalent to Ruvapay Fees along with applicable taxes from the Fee Credit. You agree that if sufficient funds are not available in the Fee Credits, then Ruvapay shall be entitled to deduct Ruvapay Fees along with applicable taxes from the Transaction Amount. Fee Credits are the credits using which You may receive the full settlement amount without any fee deduction. For example, if You have a Fee Credit of INR 100 then all the Transactions will be settled in full and the Fees for these payments will be deducted from the Fee Credit of INR 100 (" Fee Credit" ).
1.6. You agree that Ruvapay shall be entitled, at its sole discretion, to recover any amounts from You that are charged to Ruvapay and/or debited by Facility Providers from accounts maintained by You or any reason attributable to the provision of Services to You by way of deduction from (i) the Transaction Amount to be settled to You and /or (ii) any of Your other funds held by Ruvapay in the course of providing the Services. In the event such set-off or recovery does not fully reimburse Ruvapay for the liability owed, You shall pay Ruvapay a sum equal to any shortfall thereof.
1.7 You hereby acknowledge and agree that in case of reversal of Transaction Amount to Ruvapay's Nodal Account/Escrow Account due to any reason, including but not limited to your bank (where your settlement account resides) rejecting acceptance of the Transaction Amount for any reason whatsoever, Ruvapay may refund the monies to the source account from which it was received.
You also acknowledge, agree & affirm that in the event, Ruvapay in its absolute discretion, determines that, for reasons including but not limited to internal decisions or regulatory mandates, it is not feasible or suitable to settle the funds held in the Ruvapay's escrow/nodal account to you, Ruvapay reserves the right to withhold such settlement & after giving prior notice to you, shall refund the said amount back to the source account from which it was received.
2. CHARGEBACKS
2.1. If a Facility Provider communicates to Ruvapay the receipt of a Chargeback Request, You will be notified of the Chargeback. You agree that liability for Chargeback, whether domestic or international, under the General Terms of Use or any Specific Terms of Use thereunder rests with You. You further agree that it is Your sole discretion whether to avail non-3D secure services or not. Subject to availability of funds, Ruvapay upon receipt of a Chargeback Request shall forthwith deduct Chargeback Amount from the Transaction Amounts which may be used, based on the decision of the Facility Provider, either to a) process Chargeback in favour of the customer or b) credit to You. For the avoidance of doubt, Ruvapay shall be entitled to deduct the Chargeback Amount upon receiving a Chargeback claim. You shall be entitled to furnish to Ruvapay documents and information (“ Chargeback Documents ”) pertaining to the Transaction associated with the Chargeback Request in order to substantiate (i) the completion of the aforesaid Transaction; and /or; (ii) delivery of goods / services sought by the customer pursuant to the said Transaction. You shall furnish the Chargeback Documents within three (3) calendar days (or such other period specified by the Facility Provider) of receiving notification of the Chargeback Request.
2.2. You agree that (i) if You are unable to furnish Chargeback Documents; and /or; (ii) the Facility Provider is not satisfied with the Chargeback Documents furnished by You, then the Facility Provider shall be entitled to order Ruvapay to effect a reversal of the debit of the Chargeback Amount associated with the Chargeback such that the said Chargeback Amount is credited to the customer's Payment Instrument.
2.3. Notwithstanding anything in these Terms, if the Facility Providers charge the Chargeback Amount from Ruvapay then You agree and acknowledge that Ruvapay is entitled to recover such Chargeback Amount from You by way of deduction from (i) the Transaction Amounts to be settled to You and (ii) any of Your other funds held by Ruvapay in the course of providing the Services. Provided however, if the available Transaction Amounts or other funds are insufficient for deduction of the Chargeback Amount, then Ruvapay is entitled to issue a debit note seeking reimbursement of the Chargeback Amount. You shall reimburse the Chargeback Amount within seven (7) days of receipt of the debit note.
2.4. On the issuance of notice of termination of this Specific Terms of Use for Payment Aggregation Services or the General Terms of Use, Ruvapay reserves the right to withhold from each settlement made during the notice period, a sum computed based on a Stipulated Percentage ( defined hereinbelow ) for a period of one hundred and twenty (120) days (“ Withholding Term ”) from the date of termination of these Terms. The sums so withheld shall be utilized towards settlement of Chargebacks. After processing such Chargebacks, Ruvapay shall transfer the unutilized amounts, if any, to You forthwith upon completion of the Withholding Term. The ‘ Stipulated Percentage ' is the proportion of the Chargeback Amounts out of the total Transaction Amounts settled during the subsistence of these Terms.
2.5. Notwithstanding anything in this Specific Terms of Use, if the amount withheld pursuant to Clause 3.4 above is insufficient to settle Chargebacks Amounts received during the Withholding Term, then Ruvapay is entitled to issue a debit note seeking reimbursement of the Chargeback Amount. You shall reimburse the Chargeback Amount within seven (7) days of receipt of the debit note.
2.6. The following applies for Chargebacks associated with EMI products which are supported by Facility Providers. For any loan cancellation requests, You need to respond to Ruvapay within 7 working days with a suitable response. If loan is to be cancelled, then the same needs to be informed to Ruvapay and if cancellation request is to be declined then You need to provide proof of delivery and justification. For loans which would get cancelled on the basis of Your confirmation, the amount would be recovered from the daily settlement.
3. REFUNDS
3.1. You agree and acknowledge that subject to availability of funds received in the Escrow Account, You are entitled to effect Refunds at Your sole discretion.
3.2. You further agree and acknowledge that initiation of Refunds is at Your discretion and Ruvapay shall process a Refund only upon initiation of the same on the Website.
3.3. All Refunds initiated by You shall be routed to the same payment method through which the Transaction was processed.
3.4. You agree that Ruvapay fees shall always be applicable and payable by You on each Transaction irrespective of whether You have refunded the same to Your customer either through normal channels of refunds or through the instant refund service of Ruvapay affiliate (if availed).
3.5. You acknowledge and agree that for payments that are late authorized but not captured by You, Ruvapay may initiate auto-refund to the customer within five (5) days.
4. FRAUDULENT TRANSACTIONS
4.1. Subject to Clause 3.1 and 3.2, if Ruvapay is intimated, by a Facility Provider, that a customer has reported an unauthorised debit of the customer's Payment Instrument (“ Fraudulent Transaction ”), then in addition to its rights under Clause 16 of the General Terms of Use, Ruvapay shall be entitled to suspend settlements to You during the pendency of inquiries, investigations and resolution thereof by the Facility Providers.
4.2. If the amount in respect of the Fraudulent Transaction has already been settled to You pursuant to these Terms, any dispute arising in relation to the said Fraudulent Transaction, following settlement, shall be resolved in accordance with the RBI's notification DBR.No.Leg.BC.78/09.07.005/2017-18, dated July 6, 2017 read with RBI's notification DBOD. LEG. BC 86/09.07.007/2001-02 dated April 8, 2002 and other notifications, circulars and guidelines issued by the RBI in this regard from time to time.
4.3. Subject to Clause 5.2 above, if the Fraudulent Transaction results in a Chargeback, then such Chargeback shall be resolved in accordance with the provisions set out in the Terms.
4.4. You acknowledge that Ruvapay shall not be responsible for any liability arising in respect of Fraudulent Transactions whether it is an international or a domestic transaction.
4.5. You shall be liable in the event of breach of the fraud amount thresholds as provided under the NPCI guideline on ‘Fraud liability guidelines on UPI transactions' NPCI/2022- 23/RMD/001. You hereby understand and agree that the decision of the NPCI or the concerned acquiring bank, as the case may be, shall be final and binding.
5. GENERAL
5.1. In the event of any conflict between the General Terms of Use and Specific Terms of Use, the Specific Terms of Use shall prevail over the General Terms of Use. To the maximum extent feasible, they shall be construed harmoniously.
5.2. Capitalised Terms used herein but not defined in this Specific Terms of Use shall have the meaning ascribed to such terms in the General Terms of Use.
5.3. Clauses 3 and 5 hereinabove shall survive the termination of the Terms
5.4. You hereby confirm that Ruvapay can share Your activity-related information/data with its affiliates/group companies, for (i) to facilitate access to/market along with Ruvapay, such products and services as the affiliates/group companies may deem You eligible; and/or (ii) to share such information with facility providers (such as banks, NBFCs) associated with the affiliates/group companies, for such facility providers to assess Your eligibility for the proposed products and services.
5.5. You hereby agree and confirm that in case You have opted for a loan/line of credit or any other similar product through Ruvapay's affiliates/group companies, and its facility providers/lending partners, You hereby acknowledge, confirm, agree and provide unconditional consent that Ruvapay may facilitate its affiliates/group companies which reserve the right to recover the outstanding dues from the positive balance as maintained by You with Ruvapay. Depending on the type of loan product opted by You: (i) where NACH mandate provided by You as the first mode of repayment fails due to insufficient balance, recovery shall happen from your positive balance maintained with Ruvapay, provided You have not completed repayment to lending partner of Ruvapay affiliate/group companies through any other mode; or (ii) where your positive balance is first mode of repayment, recovery shall happen from the same.
6. COMPLIANCE WITH PAYMENT AGGREGATOR GUIDELINES
6.1. You represent and warrant that (i) You shall during the entire term of the usage of the Services, implement, observe and comply with applicable requirements prescribed under Applicable Law including but not limited to the provisions of the Payment Aggregator Guidelines. You shall further ensure that Your operations are in compliance with the Payment Aggregator Guidelines and You shall not undertake any action in breach of the same (ii) You shall on Your website/web app/mobile site/mobile app clearly indicate/display (a) the return and refund policy of Your products/ services to Your customers, including the timelines for processing such returns, refunds or cancellations; and (b) the general terms of use and conditions of use by Your customers. You shall ensure that You deliver products and services in accordance with instructions of the customers. (iii) You shall at no time hold, store, copy or keep any customer data relating to a customer's Payment Instrument and shall notify in writing to Ruvapay without any delay if You suspect or have become aware of a possible security breach related to any customer data. (iv) You shall not store any data pertaining to the Payment Instrument / customer Payment Instrument credentials. On demand, You shall provide a written confirmation, in a form and manner acceptable to Ruvapay and Facility Providers, certifying compliance to this aspect.
6.2. You shall set up a comprehensive customer grievance redressal mechanism which provides the procedure for addressing complaints received from Your customer and You shall include the details of the person designated by You for handling such customer complaints. It is clarified that such customer grievance redressal mechanism shall provide the facility to the customers for registering their complaints over phone, email, or any other electronic means. You shall respond to such grievances or complaints received from Your customers within a period of 5 (five) business days from the date of receiving such grievance or complaint. You shall be solely responsible for sorting or handling of any complaints received against You.
6.3. You shall comply with or enter into an agreement with a third party service provider of payment processing services for compliance with the PCI DSS, as may be amended from time to time and the Payment Application-Data Security Standard (“ PA-DSS ”), if applicable. You shall also submit an annual report in writing to Ruvapay, signifying proof of compliance with the above.
6.4. If You become aware that You will not be or are likely not to be, in compliance with PCI DSS or PA DSS for any reason, You will promptly report in writing to Ruvapay such non- compliance or likely non-compliance.
6.5. You shall provide Ruvapay with evidence of compliances listed in this Clause 7 at Ruvapay's request and provide, or make available, to Ruvapay copies of any audit, scanning results or related documents relating to such compliance. Notwithstanding the above, Ruvapay shall have the right to conduct a security audit to check Your compliance with this Clause 6 and in such cases, You shall extend full co-operation to Ruvapay and its representatives so as to enable them to conduct the audit to their sole satisfaction.
6.6. You agree to adopt and enforce any information security requirement that Ruvapay may deem advisable in order to facilitate reasonable security processes and procedures.
7. SERVICE DESCRIPTIONS
7.1 ( Optimizer )
For the purpose of these services, unless the context otherwise requires:
(a) “ Optimizer Services ” means a technology solution developed by Ruvapay which enables You to route Your payments through specific payment gateways based on Your business conditions and preferences. This solution works as a software layer on top of Your payment to route every payment request received for Your unique id, based on the rules created by You on Optimizer's merchant facing dashboard.
(b) “ Optimizer Transaction ” means any transaction routed by You through the Optimizer Services, which involves an order or request placed by the customer with You by paying the Optimizer Transaction Amount to You, while using the services of any payment gateway or payment aggregator.
(c) “ Optimizer Transaction Amount ” means the amount paid by the customer to You which is then routed by You through the Optimizer Services.
(d) You agree that the Optimizer Services are being provided by Ruvapay solely as a software as a solution (SaaS) provider. The Optimizer Services are independent and separate from the other Services being provided to You. It is clarified that, for these Optimizer Services, Ruvapay's role will strictly be that of a SaaS Provider and will not be that of a payment service provider.
(e) You hereby consent Ruvapay to use or process any type of data shared by You for the provision of the Optimizer Services.
(f) Ruvapay shall have the right to charge additional fees for provision of the Optimizer Services.
(g) You shall for Your omission / commission indemnify and hold Ruvapay, its directors, managers, officers, employees and agents harmless from and against all losses arising from claims, demands, actions or other proceedings as a result of disputes or claims raised by any payment gateway/ payment aggregator in relation to Optimizer Services.
7.2. ( Value Added Services )
(a) You may opt for certain value added services available on the dashboard which will be subject to an additional charge to be agreed upon by the parties. Such charges are to be paid on a monthly / quarterly / annual basis or other frequency as may be agreed between the parties. You hereby consent that payments towards such value added services shall be deducted from the settlement amount payable from Escrow Account under these Terms.
(b) In addition to the above, You acknowledge that Ruvapay provides as a value added service certain customisable templates for terms of use and conditions, return and refund and shipping policy, privacy policy, etc. (together, “ Customisable Templates ”) which You may choose to use to display on Your website / web app / mobile site / mobile app / other digital app in order to comply with Your obligations under the Payment Aggregator Guidelines. You acknowledge and agree that: (a) the Customisable Templates are available during the onboarding process to be used at Your sole discretion; (b) Ruvapay provides the Customisable Templates on an “as is” basis; and (iii) You represent and warrant (i) that it is Your sole responsibility to verify the suitability of the Customisable Templates for Your products / services, (ii) that You have sought independent legal advice prior to using the Customisable Templates, (iii) that You absolve Ruvapay of any liability arising from the use of the Customisable Templates, (iv) that You have read and modified the Customisable Templates as necessary before publishing on Your website / web app / mobile site / mobile app. Notwithstanding anything to the contrary in these Terms, Ruvapay expressly disclaims all liability in respect of any actions taken or not taken based on any or all of the Customisable Templates. Ruvapay does not necessarily endorse and is not responsible for any third-party content that may be accessed through the Customisable Templates.
8. SPECIFIC TERMS FOR SNRR MERCHANTS
You agree that the following terms shall only apply in case You hold a Special Non-Resident Rupee Account (“ SNRR Account ”) pursuant to the RBI ‘Master Direction - Deposits and Accounts' dated January 1, 2016 and Circular on ‘Non-resident Rupee Accounts – Review of Policy' dated November 22, 2019 detailed hereinbelow:
8.1. Any person resident outside India, having a business interest in India shall open an SNRR Account with an authorised dealer for the purpose of putting through bona fide transactions in rupees, not involving any violation of the provisions of the Act, rules and regulations made thereunder. The business interest, apart from generic business interest, shall include the following INR transactions, namely :-
(a) Investments made in India in accordance with Foreign Exchange Management (Non-debt Instruments) Rules, 2019 dated October 17, 2019 and Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide notification no. FEMA 396/2019-RB dated October 17, 2019, as applicable, as amended from time to time;
(b) Import of goods and services in accordance with Section 5 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000, viz., Foreign Exchange Management (Current Account Transaction) Rules, 2000, as amended from time to time;
(c) Export of goods and services in accordance with Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000, viz., Foreign Exchange Management (Current Account Transactions) Rules, 2000, as amended from time to time, and further read with FEMA Notification No.23(R)/2015-RB dated January 12, 2016, as amended from time to time;
(d) Trade credit transactions and lending under External Commercial Borrowings (ECB) framework in accordance with Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, as amended from time to time; and
(e) Business related transactions outside International Financial Service Centre (IFSC) by IFSC units at GIFT city like administrative expenses in INR outside IFSC, INR amount from sale of scrap, government incentives in INR, etc. The account will be maintained with bank in India (outside IFSC).
8.2. The SNRR Account shall carry the nomenclature of the specific business for which it is in operation. Indian bank may, at its discretion, maintain a separate SNRR Account for each category of transactions or a single SNRR Account for a person resident outside India engaged in multiple categories of transactions provided it is able to identify/ segregate and account them category- wise.
8.3. You shall ensure that the operations in the SNRR Account shall not result in the account holder making available foreign exchange to any person resident in India against reimbursement in rupees or in any other manner.
8.4. The SNRR Account shall not bear any interest.
8.5. The debits and credits in the SNRR Account shall be specific/ incidental to the business proposed to be done by the account holder.
8.6. The tenure of the SNRR Account shall be concurrent to the tenure of the contract / period of operation / the business of the account holder and in no case shall exceed seven years. Approval of the RBI shall be obtained in cases requiring renewal, provided the restriction of seven years shall not be applicable to SNRR accounts opened for the purposes stated at sub. paragraphs i to v of paragraph 1 of Schedule 4 of Regulation 5(4) of Foreign Exchange Management (Deposit) Regulations, 2016.
8.7. All the operations in the SNRR Account shall be in accordance with the provisions of the Act, rules and regulations made thereunder.
8.8. The balances in the SNRR Account shall be eligible for repatriation.
8.9. You shall not transfer from any Non-Resident Ordinary account (“ NRO ”) account to the SNRR Account.
8.10. All transactions in the SNRR Account shall be subject to payment of applicable taxes in India.
8.11. SNRR Account may be designated as resident rupee account on the account holder becoming a resident.
8.12. The amount due/ payable to non-resident nominee from the account of a deceased account holder, shall be credited to NRO account of the nominee with an authorised dealer/ authorised bank in India.
8.13. The transactions in the SNRR Account shall be reported to the RBI in accordance with the directions issued by it from time to time.
8.14. You shall ensure that You have prior approval of RBI in case You have entities incorporated in Pakistan and/or Bangladesh or You are a Pakistan or Bangladesh national.
9. SPECIFIC TERMS FOR GAMING MERCHANTS
These terms shall only apply if You are a gaming merchant identified specifically in this Specific Terms for the gaming merchants.
9.1. You represent and warrant to Ruvapay that:
(a) You do not engage in any activity that violates any Applicable Law pertaining to gaming, gambling, betting or wagering.
(b) No services provided by You to any customer (“ Merchant Services ”) are of a nature that may be construed as a competition/contest/game/sport/event (online or offline) whose outcome is based merely or preponderantly or predominantly on chance.
(c) The Merchant Services are at all times in compliance with all Applicable Laws including pertaining to restriction or prohibition on gambling, betting, wagering and gaming activities.
(d) The provision of the Merchant Services to customers in the states of Nagaland and Sikkim (if so provided) are in accordance with the Applicable Laws of these states and You have obtained and hold all necessary and valid licenses and registrations to provide the Merchant Services in Nagaland and Sikkim.
(e) No Merchant Services including facilitation, hosting or providing a platform for any competition/contest/game/sport/event (online or offline) for monies are rendered by it to (i) any customers in the states of Telangana, Odisha and Assam or (ii) any customers who are residents of the states of Telangana, Odisha and Assam
9.2. The representations and warranties set out in Clause 10.1. above shall be repeated on each day during the term of these Terms.
9.3. You hereby agree and undertake to provide a written confirmation, in a form and manner set out below certifying that the representations and warranties set out in Clause 10.1. above are true and correct. Such certificate shall be given by You to Ruvapay on the first day of every quarter from the date of entering into this Specific Terms for gaming merchants till its expiry or termination, whichever is later.
9.4. Notwithstanding any other provision of the General Terms of Use or this Specific Terms for gaming merchants , You shall indemnify and hold Ruvapay, its affiliates, and each of their directors, managers, officers, employees and agents harmless from and against all losses (including any losses that are special, incidental, indirect, consequential, exemplary or punitive in nature) arising from claims, demands, actions or other proceedings as a result of or on account of (a) any of Your representations or warranties as set out in Clause 10.1 above being breached or becoming untrue or incorrect, or (b) Your engagement in any activity that violates any Applicable Law pertaining to gaming, gambling, betting or wagering.
Form of Undertaking for gaming merchants
LETTER OF UNDERTAKING
(On merchant's letter head)
Date:
To,
Ruvapay Solution Private Limited,
11/1, 2nd Floor, New Street, Nungambakkam, Chennai - 600 034
Subject: Undertaking to comply, stay fully compliant from time to time, with applicable laws, including but not limited to, gaming laws, rules, regulations, among others.
Sir/Madam,
M/s._________<please add merchant's name> (‘Merchant', “We”) represent and warrant to Ruvapay Software Private Limited and its affiliates (‘Ruvapay')that:
1.) We shall comply with all applicable Know Your Customer (KYC) norms and/or rules and/or regulations and Anti-Money Laundering (AML) standards under the Prevention of Money Laundering Act, 2002. In this regard, any notice received or subsisting from any governmental authorities shall immediately be forwarded to Ruvapay.
2.) No services provided by us and/or to any of our customers (“Merchant Services”) are of a nature that may be construed as a competition/contest/game/sport/event (online or offline) whose outcome is based merely or preponderantly or predominantly on chance.
3.) The Merchant Services are at all times in compliance with all applicable laws, rules and regulations, including pertaining to restriction and/or prohibition on gambling, betting, wagering and gaming activities. The Merchant undertakes to stay compliant, from time to time, in its due course of engagement with Ruvapay.
4.) The provision of the Merchant Services to our customers in certain specific states of India are in accordance with the applicable laws, rules and regulations of those states and the Merchant has obtained and holds all necessary and valid licenses and/or permissions and/or registrations to that effect.
5.) No Merchant Services including facilitation, hosting or providing a platform for any competition/contest/game/sport/event (online or offline) for monies are rendered by us to (i) any customers in those states where it is not permitted by any applicable laws or governmental action (‘Restricted States') (ii) any customers who are residents of the Restricted States.
6.) The Merchant shall indemnify and hold Ruvapay, its Affiliates, and each of their directors, managers, officers, employees and agents harmless from and against all losses arising from claims, demands, actions or other proceedings as a result of or on account of any of the representations or warranties of the Merchant as set out above being breached or becoming untrue or incorrect.
7.) This letter of undertaking shall be read harmoniously with other agreements, if any, between Merchant and Ruvapay.
Yours sincerely,
For (Merchant's name)
Name of the Authorised Signatory
Designation of the Authorised Signatory
B. Specific Terms For E-Mandate Services
You agree that the fees shall be charged according to the manner, rates and frequency determined by Ruvapay. Ruvapay reserves the right to update the amount of the Fees including for Services for which no charge has been levied previously in accordance with this clause. You agree that You shall be liable to pay any additional fees as determined by Ruvapay in the event:
(a) You avail certain value-added services available on the dashboard irrespective of whether they have been available free of charge previously.
(b) You avail any new Services not mentioned in these Terms.
You agree that Your use of any Service or a value-added service shall be construed as a consent to any additional fees which may be levied by Ruvapay on such additional Service or value- added service.
1. DEFINITIONS:
1.1. “ Bank Account ” means a banking account maintained by Your customer with a Destination Bank as per Applicable Law.
1.2. “ Collection Information ” shall mean information or data provided by You in a secured format specifying the amount to be collected and other details to identify the Bank Account and the date on which the amount shall be collected.
1.3. “ Destination Bank ” means a bank registered with NPCI as per the Procedural Guidelines and which authenticates details of Your customer's Bank Account held with the Destination Bank and approves the E-Mandate Registration Request in accordance with the Procedural Guidelines.
1.4. “ E-Mandate Payments ” shall mean automated deductions of pre-determined payments specified from the Bank Account (pursuant to electronic mandates issued Your customers) in accordance with the Procedural Guidelines.
1.5. “ E-Mandate Registration ” means the approved and authenticated E-Mandate Registration Request based on which E-Mandate Payments can be effected.
1.6. “ E-Mandate Registration Request ” means the request (in electronic or physical form) made by Your customer for deduction of the customer's Bank Account for effecting an E-Mandate Payment to You.
1.7. “ Escrow Account” or “Nodal Account ” is an account held by Ruvapay with an Escrow/ nodal bank for the purpose of receiving the Transaction Amount and effecting settlements to You.
1.8. “ Escrow Bank ” means a bank that is authorised by the RBI, to operate an Escrow Account / Nodal Account under Payment Aggregation Guidelines.
1.9. “ Escrow Bank Working Days ” means days on which the Escrow Bank is operational to undertake settlements.
1.10. “ NPCI ” means the National Payments Corporation of India constituted pursuant to the provisions of the Payment and Settlement Systems Act, 2007.
1.11. “ Procedural Guidelines ” means the guidelines governing inter alia the processes to be followed and implemented by Sponsor Banks, Destination Banks and intermediaries for effecting E-Mandate Payments, issued by the NPCI and shall include any revisions, modifications and amendments thereto.
1.12. “ Sponsor Banks ” mean the banks / entities which are authorised to implement the E-Mandate Payments by inter alia receiving API calls from Ruvapay for initiating E-Mandate Payments, communicating the necessary E-Mandate Registration information to NPCI, authentication by the Destination Bank and deduction of Bank Accounts, all in accordance with the Procedural Guidelines.
2.) You shall provide the necessary KYC Documents to Ruvapay as specified in these Specific Terms of Use for e-mandate services (“ Mandate Terms ”), such that Ruvapay can share the KYC Documents (or the information therein) to the Sponsor Bank for the Sponsor Bank's decision on issuing a registration to You to avail of services for e-mandate payments.
3.) You acknowledge that the onboarding and registration process is a pre-requisite under the Procedural Guidelines in order for You to avail of Services for e-mandate payments and the customers to be able to start submitting E-Mandate Registration Requests. Ruvapay shall not be liable to provide any Services under these Terms until the Sponsor Bank has issued a registration in Your favour.
4.) Following completion of integration under Mandate Terms, Ruvapay shall enable E-Mandate registration requests by customers on Your website by making available the prescribed E- mandate Registration Request form issued by NPCI and also put in place the necessary API protocols to transmit customer information to the sponsor banks in order to facilitate the process of customer verification and authentication of customer and bank account details by the Destination Bank, following which the NPCI shall confirm the E-mandate Registration request.
5.) Being an intermediary, Ruvapay shall be responsible only for transmission of the customer details to the Sponsor Bank and shall not be responsible for failure or refusal of the E-Mandate Registration request by the Destination Bank or NPCI.
6.) In the event any query or clarification is sought by NPCI, RBI or any governmental authority or Facility Provider in respect of any e-mandate payment transaction, You shall (forthwith upon communication of the query or clarification by Ruvapay to You) provide the relevant transaction and/or customer details, as required by RBI or any governmental authority in India.
7.) On successful approval of the E-Mandate Registration Request, Ruvapay shall on a periodic basis (as per the E-Mandate Registration) initiate E-Mandate Payment requests with the Sponsor Bank and based on and pursuant to authentication by NPCI and the Destination Bank, receive the funds in the Escrow Account.
8.) The periodic payments will be facilitated by Ruvapay so long as the E-Mandate Registration is not cancelled by the Customer, Destination Bank or the Sponsor Bank. Ruvapay shall not be liable for the failure of a payment on account of the decline of the approval by Destination Bank or NPCI or on account of cancellation of the E-Mandate Registration by the Sponsor Bank, Destination Bank, Your customer or NPCI.
9.) Following the receipt of funds in the Escrow Account, Ruvapay shall, subject to Ruvapay's withholding rights under these Terms, settle the funds into Your designated account within a applicable settlement period.
10.) If Ruvapay settles the funds, at an earlier time than agreed above, Ruvapay shall have an absolute right to recover such funds forthwith if the same is not received in the Escrow Account within three (3) working days following the date on which such funds were supposed to be realized in the Escrow Account.
11.) In addition to rights under these Terms, if there are reasonable grounds for Ruvapay to suspect that a transaction to effect an E-Mandate Payment is done fraudulently or if the Sponsor Bank, NPCI or Destination Bank suspecting so, communicate the same to Ruvapay, then Ruvapay shall be entitled to withhold settlements to You.
12.) Pursuant to Clause 11 above, You shall, to the extent available, provide information about such transactions to Ruvapay, Sponsor Bank, NPCI or Destination Bank forthwith upon receiving a request from Ruvapay, Sponsor Bank, NPCI or Destination Bank respectively.
13.) Ruvapay shall be entitled to terminate these Services if the Sponsor Bank or NPCI directs cancellation of Your registration. You acknowledge that Ruvapay being merely an intermediary in the system for E-Mandate Payment is bound to follow directions from the Sponsor Bank, NPCI or the Destination Bank in matters relating to fraudulent or suspicious transactions.
14.) Ruvapay shall be entitled to recover from You (by deducting amounts from Your funds held by Ruvapay in the course of providing the Services, or if the funds held are insufficient, by issuing a debit note to You), any amounts (a) charged by Sponsor Bank to Ruvapay on account of refund and disputed claims from Your customers; and (b) representing penalties, fines or other charges (whatsoever name referred to) levied by the Sponsor Bank, NPCI or any governmental authority (in their sole discretion) on Ruvapay on account of fraudulent transactions on Your website.
15.) You agree that payments effected, or funds debited from Your customer's Bank Account on the following grounds shall not be the responsibility of Ruvapay and no liability shall arise for Ruvapay in respect of such claims from Your customers:
(a) Your customer is disputing a transaction as not done or authorized by him.
(b) The charge/debit on Your customer's Bank Account has occurred because of hacking, phishing, breach of security/ encryption of Your customer's PI through Your platform or any other third party platform other than that of Ruvapay.
(c) Your customer claiming refund of the amounts deducted from his/her Bank Account on any ground whatsoever, including Your customer's dissatisfaction with Your sale of the goods and/or services to the Customer
16.) Ruvapay will not be liable collect the amounts from Your customers and credit the same to You in the following circumstances:
(a) If any of Your customers does not have sufficient funds in the Bank Account for debiting the amount mentioned in the Collection Information.
(b) Ruvapay is prohibited from debiting the amounts from Your customers' account by any governmental authority or Facility Provider.
(c) If Your customer's account is closed or operations from such account are barred by governmental authorities or Facility Providers.
(d) If You do not provide complete and correct information
(e) Any of Your Customers terminate the mandate.
(f) Ruvapay has reason to believe that a Collection Information has not been properly authorized.
17.) In the event of any conflict between the General Terms of Use and Specific Terms of Use, the Specific Terms of Use shall prevail over the General Terms of Use. To the maximum extent feasible, they shall be construed harmoniously.
18.) Capitalised Terms used herein but not defined in this Specific Terms of Use shall have the meaning ascribed to such terms in the General Terms of Use.
C. Specific Terms For TokenHQ Services
1.) You understand and acknowledge that the Token HQ is an end-to-end solution for You to allow Your customers to continue using the saved cards feature in compliance with RBI's guidelines on tokenisation set out in the Circular CO.DPSS.POLC.No.s-516/02-14-003/2021-22 read with DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 8, 2019 and related guidelines and clarifications issued by the RBI (together “ Circular ”). For the purposes of these Terms, the Applicable Laws shall be deemed to include the Circular
2.) Where Ruvapay is acting as a technical service provider and You are the token requestor, You acknowledge and agree that Ruvapay shall have no liability towards You or any third party for Your acts or omissions or Your failure to comply with Applicable Laws.
3.) Where Ruvapay is acting as the token requestor on Your behalf, You acknowledge and agree that Ruvapay's role is limited to requesting for tokens on Your behalf upon receiving consent of Your customers. Ruvapay will integrate with available card networks and issuing banks (each a “ Token Service Provider ” or “ TSP ”) and its APIs will have the flexibility to respond back with token numbers for Your use.
4.) You acknowledge and agree that in order to allow using the saved card feature, the customer card details must be tokenized. Accordingly, You shall, except in the case of standard checkout:
(a) be solely responsible for obtaining consent of the customer to tokenize (and save) the customer's card. Such consent shall be explicit and not by way of a forced / default / automatic selection of checkbox, radio button, etc.
(b) inform the customers of the purpose of obtaining such consent and that the card will not be tokenized (and saved) if the customer does not provide explicit consent, and shall do all things as required to tokenize (and save) the card details pursuant to Applicable Laws.
(c) share such customer consent with Ruvapay in order for Ruvapay to trigger the additional factor authentication (AFA) with the issuing bank which is required to register the tokenisation request. You acknowledge and agree that if such customer consent is not shared during the payment flow then Ruvapay shall not tokenize (and save) the customer card details.
(d) provide the customer an option to de-register the token and delete the card.
5.) You shall keep Ruvapay fully indemnified at all times from and against all losses, damages, penalties, etc., incurred by or imposed on Ruvapay to the extent it arises from any breach by You of these TokenHQ Terms.
6.) You shall keep a log of all instances of obtaining customer consent under Applicable Laws and of Your compliance with these TokenHQ Terms and provide the same to Ruvapay on a real time basis or as requested from time to time. In addition to any right under these TokenHQ Terms, Ruvapay and Facility Providers have the right to audit Your compliance with these TokenHQ Terms at any time upon notice.
7.) For the purposes of this service, token shall have the meaning as set forth in the Circular.
8.) You agree that You shall be solely responsible for any hashed string storage undertaken by You.
9.) In the event of any conflict between the General Terms of Use and Specific Terms of Use, the Specific Terms of Use shall prevail over the General Terms of Use. To the maximum extent feasible, they shall be construed harmoniously
10.) Capitalised Terms used herein but not defined in this Specific Terms of Use shall have the meaning ascribed to such terms in the General Terms of Use.
D. Specific Terms For Subscriptions Services
You agree that the fees shall be charged according to the manner, rates and frequency determined by Ruvapay. Ruvapay reserves the right to update the amount of the Fees including for Services for which no charge has been levied previously in accordance with this clause. You agree that You shall be liable to pay any additional fees as determined by Ruvapay in the event:
(a) You avail certain value-added services available on the dashboard irrespective of whether they have been available free of charge previously.
(b) You avail any new Services not mentioned in these Terms.
You agree that Your use of any Service or a value-added service shall be construed as a consent to any additional fees which may be levied by Ruvapay on such additional Service or value-added service.
1.) Subscription services provide You the platform to create and manage subscription plans for Your customers with automated recurring transactions. With this product You can (i) create multiple subscription plans for customers, (ii) automatically charge customers based on a billing cycle that You control, and (iii) get instant alerts on payment activity as well as the status of subscriptions.
2.) You acknowledge and agree that these Subscriptions Terms (i) shall apply for debit, credit and prepaid instruments or other methods as notified from time to time (together “Card”) of customers, and (ii) does not apply to once-only / one-time payments.
3.) You acknowledge and agree that:
a) The customer desirous of opting for e-mandate facility on Card is required to undertake a one-time registration process, with an Additional Factor Authentication (AFA) validation by the issuer bank and that an e-mandate on Card of customers for recurring transactions shall be registered only after successful AFA validation.
b) Where the first transaction is being performed along with the registration of e- mandate, then AFA validation may be combined. Subsequent recurring transactions shall be performed only for those Card which have been successfully registered and for which the first transaction was successfully authenticated and authorised.
c) On successful registration and approval of the e-mandate request, Ruvapay shall on a periodic basis (as per the e-mandate) initiate subsequent recurring payments unless such e-mandate is modified or de-registered by the customer.
d) Ruvapay expressly disclaims all liability for any outages or failures attributable to Facility Providers.
4.) You further acknowledge and agree that in order to process recurring transactions, customer Card details will need to be saved/secured/tokenized in accordance with Applicable Laws. Accordingly, for custom checkout and server-to-server integration You shall:
a) solely be responsible for obtaining informed consent from customers for the purpose of processing of e-mandates, including saving/securing/tokenizing the customer's Card details, in accordance with Applicable Laws. Such consent shall be explicit and not by way of a forced / default / automatic selection of checkbox, radio button, etc.
b) share customer consent with Ruvapay for Ruvapay to trigger the AFA with the issuing bank which is required to both save the Card and process the e-mandate registration. You acknowledge and agree that if such customer consent is not shared during the payment flow, then Ruvapay will not tokenize the card or process the e-mandate/ recurring transaction.
5.) You agree that payments effected, or funds debited from a customer's bank account on the following grounds shall not be the responsibility of Ruvapay and no liability shall arise for Ruvapay in respect of such customer claims:
a) Customer disputing a transaction as not done or authorized by him/her.
b) The charge/debit on the customer's bank account has occurred because of hacking, phishing, breach of security/ encryption of the customer's personal data through Your platform or any other third-party platform other than that of Ruvapay.
c) Customer claiming refund of the amounts deducted from his/her bank account on any ground whatsoever, including customer's dissatisfaction with Your sale of the goods and/or services to the customer.
6.) You agree that there are instances where Ruvapay is only acting as a technical service provider and You are the token requestor for the purposes of saving/ securing/ tokenizing the Card and You shall accordingly be liable to pass the customer's informed consent for saving the Card and registering the e-mandate to Ruvapay. You agree that Ruvapay shall have no liability towards You or any third party for Your acts or omissions or its failure to comply with Applicable Laws.
7.) You agree to keep Ruvapay fully indemnified at all times from and against all losses, damages, penalties, etc., incurred by or imposed on Ruvapay to the extent it arises from any breach by You of the Terms herein.
8.) You shall maintain records of its activities under these Terms, including where applicable keeping log of all instances of obtaining customer consent, and shall provide the same to Ruvapay on a real time basis or as requested from time to time. In addition to any right under these Terms, Ruvapay and facility providers have the right to audit Your compliance with these Terms at any time upon notice.
9.) You agree that You shall be solely responsible for any hashed string storage undertaken by You.
10.) In the event of any conflict between the General Terms of Use and Specific Terms of Use, the Specific Terms of Use shall prevail over the General Terms of Use. To the maximum extent feasible, they shall be construed harmoniously.
11.) Capitalised Terms used herein but not defined in this Specific Terms of Use shall have the meaning ascribed to such terms in the General Terms of Use.
E. Ruvapay Partner Program
The Ruvapay partner program is a referral program through which You can refer the Ruvapay services to Your clients or customers and get rewarded. You may become a partner by agreeing to the detailed Partner Terms of Use and Conditions and signing up as a partner.
F. Magic Checkout
Magic checkout is the checkout technology platform developed by Ruvapay for Your customers registered with Ruvapay which inter-alia enables the customer to seamlessly save and use their shipping and billing details for placing orders with You (“ Magic Checkout Services ”). You can avail Magic Checkout Services as per terms specified below:
1. PRIVACY AND DATA PROTECTION RIGHTS
1.1. Ruvapay has adopted reasonable security practices and procedures that are commensurate with the information assets being protected, and has implemented relevant technical, operational, managerial and physical security control measures to protect the information in its possession from loss, misuse and unauthorized access, disclosure, alteration and destruction.
1.2. In the process of providing Magic Checkout Services, You acknowledge and agree that Ruvapay may collect, store and use certain personally identifiable information (PII) from Your customers. Ruvapay is committed to protect such information and to take all reasonable precautions for maintaining confidentiality thereof. Additionally, for the purposes of providing Magic Checkout Services, You hereby understand and agree that Ruvapay shall have the right to collect, store and use of customers' PII provided by You, including but not limited to name, email address, phone number and address, as provided by the customers and/or You to Ruvapay from time to time directly or indirectly (or provided in past).
1.3. The information, as referred above, may be used by Ruvapay for: (i) providing Magic Checkout Services (including for the purposes of verification of the identity, processing of payment, communication regarding the purchase and monitoring of past behaviour to identify fraudulent transactions); (ii) administrative, marketing and customer support purposes; and/or (iii) providing other Ruvapay services.
1.4. You represent and warrant to Ruvapay that:
(a) You shall use the Magic Checkout Services solely for providing services/ goods to Your Customers.
(b) You shall obtain all consents required under Applicable Law from Your customers before sharing PII of the Customers with Ruvapay.
1.5. Your usage/access of the Magic Checkout Services shall constitute Your acceptance to the Terms and the Privacy Policy. You acknowledge and confirm that You shall obtain a valid consent under the Applicable Law to share the PII of the customers with Ruvapay. In the event You withdraw Your consent/acceptance to these Terms (including withdrawing consent for using of PII by Ruvapay and/or defaults in its representation and warranties), Ruvapay may in its sole discretion discontinue Your access, in part or full, to the Services (including but not limited to discontinuing the access to Magic Checkout Services), associated features and/or present & future benefits. You also acknowledge that You shall immediately inform Ruvapay in the event that any customer withdraws their consent/ acceptance to sharing of their PII with Ruvapay. You shall indemnify and keep Ruvapay, its directors, officers, employees, and affiliates indemnified at all times from any and all claims, liabilities, losses, damages and the like incurred by Ruvapay as a result of any breach of these Terms, including Your obligations hereunder.
2. RTO PROTECTION
2.1. In case You are availing the RTO Protection as a service from Ruvapay for a consideration, You shall be entitled to claim reimbursement for, the return shipping fees incurred by You on such orders which have been returned to You (“ RTO Protection ”) provided that each of the following conditions are met:
(a) You have switched on/accepted the Magic Intelligence (means the proprietary technology solution developed by Ruvapay which inter alia analyses, identifies orders placed by customers that may potentially result into ‘return to origin') feature at all times on Your dashboard.
(b) The return of such orders have been solely due to the Magic Intelligence feature failing to detect/identify such ‘return to origin' order. It is however clarified that any return shipping fees incurred by You on exchange/product return/product refusal after delivery, by customers shall not be covered under RTO Protection.
(c) The orders for which RTO Protection is claimed are not pre-paid orders.
2.2. You agree that Ruvapay shall be liable to provide reimbursement to You under RTO Protection only upon submission of return shipping invoice/documents as validated by Ruvapay.
2.3. You shall, at the end of every month, raise an invoice for claiming reimbursements under the RTO Protection, which shall be discharged by Ruvapay within a period of 30 (thirty) days from the date of the invoice, provided all the conditions specified under Clauses 2.1 & 2.2 above are fulfilled to the satisfaction of Ruvapay.
3.) In the event of any conflict between the General Terms of Use and Specific Terms of Use, the Specific Terms of Use shall prevail over the General Terms of Use. To the maximum extent feasible, they shall be construed harmoniously.
4.) Capitalised Terms used herein but not defined in this Specific Terms of Use shall have the meaning ascribed to such terms in the General Terms of Use.
PART B - Specific Terms of Use (Ruvapay POS - Offline POS Devices & Payment Aggregation Services)
1. SERVICES
1.1 Merchant shall avail the Services and Devices subject to the terms incorporated herein. Ruvapay POS will provide offline payment collection and aggregation Services (for the offline transactions conducted via Devices) and the Devices to the Merchant for its legitimate, bonafide & legal business activities only. In cases where Ruvapay POS is not performing any payment collection & aggregation services and has only provided the Devices, then Ruvapay POS shall not be liable for settlement of the funds. Ruvapay POS shall settle the regular card / UPI Transaction Amount (net of Permissible Deductions) into Your account within two (2) Escrow / Nodal Bank working days following the date of the Transaction. Furthermore, for any additional VAS subscribed by the Merchants, Transaction amount shall be settled as per separate agreed settlement timeline. Ruvapay POS shall have an absolute right to place limits on the Transaction value.
1.2 Ruvapay POS will provide:
(a) Ruvapay POS Payment Services (as defined above) which includes the ability to process payments from various modes of payment opted by the Merchant.
(b) Acceptance of American Express cards - Upon request of the Merchant, Ruvapay POS has the ability to support American Express Cards on the Devices opted for by Merchant. Activation of American Express will be subject to Ruvapay POS approval and will comply with American Express policy.
(c) Mobile Application: In support of the above services, Ruvapay POS will supply the Merchant with a mobile application (which is an interface required to access the Ruvapay POS software solutions through the Device) and the Ruvapay POS' SDK which is used by the Merchant to use Services.
(d) Portal: Ruvapay POS agrees to retain and maintain transaction records for the services purchased by the Merchant and provide a portal to the Merchant showing such records and allow the Merchant to download such records from time to time.
(e) VAS: Ruvapay POS may provide from time to time Value Added Services, including but not limited to mobile wallets, mobile applications, bills payment, digital invoicing, voucher disbursement, EMI schemes as well as hooks to utility companies using sub-domaining, business analytics and reconciliation as a Service etc. If the Merchant avails the Value Added Services, then such Value Added Services shall be subject to the terms and conditions as set forth by the concerned bank service provider and the applicable regulatory norms.
(f) Devices: For enabling the Services, the Service Provider will provide POS Devices to the Merchant on agreed Pricing Terms. For provision of these Services, the Merchant shall provide necessary KYC details and other information as may be required by Ruvapay POS in relation to Merchant stores & locations, where the Devices are requested to be deployed.
1.3 Merchant agrees that each Device ordered by Merchant shall have a minimum period of usage of 24 (twenty- four) months (in case the Merchant opts for monthly plan), also referred to as the “Lock-in period” commencing from the date of deployment of such Device at the Merchant location. It is to be clarified that in the event the Merchant deactivates or returns a particular Device or set of Devices, before the expiry of the Lock-in period, Merchant shall make a one-time payment to Ruvapay POS of an amount equivalent to the remaining rental or fees (as applicable) for the unexpired duration of the Lock-in Period for such Devices. It is also clarified that, if a Device is replaced by Ruvapay POS for any reason, the Lock-in period for such replaced Device Stand shall be 36 (thirty-six) months from date of replacement and the Lock-in period applies irrespective of a non-transacting TID being in place. On termination of Services for whatever reasons, the Merchant shall return all the Devices immediately to Ruvapay POS (if taken on rental basis).
1.4 Ruvapay POS shall provide Devices and mobile application that are necessary for the provision of the Ruvapay POS Services. Merchant shall acknowledge the receipt of such Device in a form and manner acceptable to Ruvapay POS and each such acknowledgement shall be deemed to be a part of this Agreement.
1.5 Ruvapay POS, or its business associate, shall after receiving instructions in writing, install the Device at Merchant's premises. Merchant shall ensure that the necessary infrastructure (like mobile phone(s) or tablet(s) and internet) required to install the Device is available at the Merchant's designated location.
1.6 Merchant shall arrange, co-operate, and provide for installation at its premises the Device and such related accessories and software as Ruvapay POS may deem fit and appropriate. Merchant states and agrees that the Device shall be used exclusively at the Merchant's designated establishment/ location for the purchase of goods or services for which the Merchant has been signed up and for no other purpose whatsoever.
1.7 Merchant shall retain in its possession and for its exclusive use the Device, and keep the same in good condition. Merchant agrees and acknowledges to safe keep and control the use of the Device such that any transaction using the Device shall be deemed to be authorized and sanctioned by Merchant. Merchant shall not use the Device for any fraudulent transactions, business malpractices and illegal activities. Merchant shall not, and shall ensure that the personnel of Merchant using the Device shall not, use the Device in such a manner that it harms the security systems enabled on the Device.
1.8 Merchant shall not lease or resell the Device and / or such other services as may be mutually agreed to between Merchant and Ruvapay POS to any other Party without the permission, in writing, of Ruvapay POS.
1.9 Ruvapay POS shall be entitled to charge Merchant for the costs and charges of the Device (including accessories) and/or the costs of repairing the Device/s in the event the Device(s) is/are damaged or lost as a result of improper handling by Merchant unless the Device is bought (and not leased/ rented) by Merchant from Ruvapay POS.
1.10 In case the Device is provided by Ruvapay POS to Merchant on rental basis, then the Device shall be the exclusive property of Ruvapay POS, and Merchant shall forthwith (not less than 3 days) surrender the Device to Ruvapay POS in the event of termination of this arrangement for any reason whatsoever. During the tenure of this arrangement and thereafter Merchant shall not claim any right, title, interest or lien over the Device.
1.11 In case the Device is provided by Ruvapay POS on lease to Merchant, Merchant shall not (i) sell, assign, transfer, lease or otherwise cause \or allow or attempt to cause or allow, any dealings with the Device or any encumbrance on the Device to be created (ii) remove, conceal or alter any markings, tags or plates attached to the Device or part of it indicating Ruvapay POS' ownership of the Device (iii) Cause or allow Ruvapay POS' right to access, repossession or disposition of the Device pursuant to this Agreement or otherwise to be encumbered in any way jeopardized by any act of/by Merchant or its servants or agents or by any other factor within its control (iv) Permit any third party to perform the maintenance services on the Device or effect modifications, enhancement or software/hardware changes to the Device without the prior written consent of Ruvapay POS.
1.12 The loss or damage caused to Ruvapay POS arising out of negligence, or misuse of the Device and / or default in payment due to any reason whatsoever or that of any telecommunication devices attached to / inbuilt within / embedded in the Device, by the Merchant or its employees shall be to the account of Merchant, and Ruvapay POS will recover such losses and expenses from Merchant.
1.13 Merchant shall permit the representatives of Ruvapay POS or any other concerned service provider to carry out physical inspections of the Device or telecom equipment (or possession of any of these, in case of termination of this arrangement) during business hours, with or without prior notice (in cases where Devices are taken on rental basis).
1.14 In cases of rental Devices, any losses or damages caused to Devices shall be calculated as below:
(i) Lost/ Misplaced/ Irreparable Device charges: In the event there is any loss/misplacement/irreparable harm to a Device, the Merchant shall be liable to pay the full Price of the Device, in addition to the applicable taxes.
(ii) Damaged Repairable Devices (including accessories): The Merchant shall be liable to pay repair charges including inspection charges, as incurred by Ruvapay POS at actuals.
2. Chargebacks
2.1 If a Facility Provider communicates to Ruvapay POS the receipt of a Chargeback Request, You will be notified of the Chargeback. You agree that liability for Chargeback rests with You. Subject to availability of funds, Ruvapay POS upon receipt of a Chargeback Request shall forthwith deduct Chargeback Amount from the Transaction Amounts which may be used, based on the decision of the Facility Provider, either to a) process Chargeback in favour of the customer or b) credit to You. For the avoidance of doubt, Ruvapay POS shall be entitled to deduct the Chargeback Amount upon receiving a Chargeback claim. You shall be entitled to furnish to Ruvapay POS documents and information pertaining to the Transaction associated with the Chargeback Request in order to substantiate (i) the completion of the aforesaid Transaction; and /or; (ii) delivery of goods / services sought by the customer pursuant to the said Transaction. You shall furnish the Chargeback Documents within three (3) calendar days (or such other period specified by the Facility Provider) of receiving notification of the Chargeback Request.
2.2 You agree that (i) if You are unable to furnish Chargeback Documents; and /or; (ii) the Facility Provider is not satisfied with the Chargeback Documents furnished by You, then the Facility Provider shall be entitled to order Ruvapay POS to effect a reversal of the debit of the Chargeback Amount associated with the Chargeback such that the said Chargeback Amount is credited to the customer's Payment Instrument.
2.3 Notwithstanding anything in these Terms, if the Facility Providers charge the Chargeback Amount from Ruvapay POS then You agree and acknowledge that Ruvapay POS is entitled to recover such Chargeback Amount from You by way of deduction from (i) the Transaction Amounts to be settled to You and (ii) any of Your other funds held by Ruvapay POS in the course of providing the Services. Provided however, if the available Transaction Amounts or other funds are insufficient for deduction of the Chargeback Amount, then Ruvapay POS is entitled to issue a debit note seeking reimbursement of the Chargeback Amount. You shall reimburse the Chargeback Amount within seven (7) days of receipt of the debit note.
2.4 On the issuance of notice of termination of this Specific Terms of Use for Payment Aggregation Services or the General Terms of Use, Ruvapay POS reserves the right to withhold from each settlement made during the notice period, a sum computed based on a Stipulated Percentage ( defined hereinbelow ) for a period of one hundred and twenty (120) days (“ Withholding Term ”) from the date of termination of these Terms. The sums so withheld shall be utilized towards settlement of Chargebacks. After processing such Chargebacks, Ruvapay POS shall transfer the unutilized amounts, if any, to You forthwith upon completion of the Withholding Term. The stipulated percentage is the proportion of the Chargeback Amounts out of the total Transaction Amounts settled during the subsistence of these Terms.
2.5 Notwithstanding anything in this Specific Terms of Use, if the amount withheld, as specified above is insufficient to settle Chargebacks Amounts received during the Withholding Term, then Ruvapay POS is entitled to issue a debit note seeking reimbursement of the Chargeback Amount. You shall reimburse the Chargeback Amount within seven (7) days of receipt of the debit note.
2.6 The following applies for Chargebacks associated with EMI products which are supported by Facility Providers. For any loan cancellation requests, You need to respond to Ruvapay POS within 7 working days with a suitable response. If loan is to be cancelled, then the same needs to be informed to Ruvapay POS and if cancellation request is to be declined then You need to provide proof of delivery and justification. For loans which would get cancelled on the basis of Your confirmation, the amount would be recovered from the daily settlement.
3. Refunds
3.1 You agree and acknowledge that subject to availability of funds received in the Escrow / Nodal Account, You are entitled to effect Refunds at Your sole discretion.
3.2 You further agree and acknowledge that initiation of Refunds is at Your discretion and Ruvapay POS shall process a Refund only upon initiation of the same via software application provided by Ruvapay POS.
3.3 All Refunds initiated by You shall be routed to the same payment method through which the Transaction was processed.
3.4 You agree that Ruvapay POS fees shall always be applicable and payable by You on each Transaction, irrespective of the Refunds.
4. PAYMENT
4.1 Charges associated with the provision of Services to the Merchant and Device Rentals (“Fees”) shall be in accordance with the Pricing Terms agreed to by the Merchant at the time of subscribing to the Services on the Website. The Merchant agrees that such Fees shall be charged according to the manner, rates and frequency specified in the said pricing terms. All Fees will be deducted from the monies required to be settled to the Merchant. However, if the Device rentals are not deducted from the transaction settlement amount then the same will be deducted from e-nach /e-mandate set up by the Merchant at the instruction of Ruvapay POS.
4.2 The Parties agree that the Fees are exclusive of applicable taxes and Ruvapay POS shall charge such applicable taxes on the Fees from time to time. It is agreed that any statutory variations in applicable taxes during the subsistence of this Agreement shall be borne by the Merchant.
4.3 In the event of any delay in payment of any amounts to Ruvapay POS beyond the due date of payment, Ruvapay POS at its sole discretion may opt one or more of the following remedies:
i. Charge a late payment interest at the rate of 15% per annum on the due amount;
ii. Suspend some or all of the Service(s) it provides under this agreement, until payment of the due amount. Consequently, it is agreed between the parties that Ruvapay POS shall not be liable for any loss, damages, claims including third party claims, which may result owing to suspension of some or all of services by Ruvapay POS in case of non-payment or delayed payment.
iii. Set off the due amount from the transaction settlement amount payable to the Merchant.
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REGD. OFFICE ADDRESS
Ruvapay Solution Private Limited,
1st Floor, 11/1 New Street, Nungambakkam,
Chennai - 600 034.
Tamilnadu, India
CIN: U66190TN2024PTC169657
