Terms & Conditions

Registration

You must register with us in order to open a PAYBAZAAR Account and use the Services. We allow both individuals and Legal Entities to register with PAYBAZAAR. Without any legal obligation to do so, we require certain information from you, to permit the use of the Services. You must provide accurate and complete information. In addition, you must keep the information that you provide up-to-date at all times.

*** PAYBAZAAR is responsible for cardholder data and the security and safety of the said cardholder data.

Eligibility

You further represent and confirm that you are not a person debarred from using the PAYBAZAAR website and/or receiving the PAYBAZAAR Services under the laws of India or other applicable laws. The Services and your PAYBAZAAR Account can only be used in India. You acknowledge that the Services may be subject to restrictions imposed by the laws, rules, regulations, and guidelines in force in India.

UserName and Password

You must choose a reasonably descriptive Username that clearly identifies you or your business. This name may appear on the Buyer Account statement. If a Transaction dispute results from your failure to use a reasonably descriptive username, you agree to indemnify PAYBAZAAR for any costs stemming from such dispute. As part of the PAYBAZAAR registration process, you will create a password for your Sambhav Pay Account. You are responsible for maintaining the confidentiality of the password and the PAYBAZAAR Account and are fully responsible for all activities that occur under the PAYBAZAAR Account, including, without limitation, all actions by sub-users registered under the PAYBAZAAR Account. You agree to (a) immediately notify PAYBAZAAR of any unauthorized use of your password or the PAYBAZAAR Account or any other breach of security, and (b) ensure that you exit from your PAYBAZAAR Account at the end of each session. PAYBAZAAR cannot and will not be liable for any loss, damage or other liability arising from your failure to comply with this Clause or from any unauthorized access to or use of the PAYBAZAAR Account. In the event of any dispute between two or more parties as to ownership of a particular PAYBAZAAR Account, you agree that PAYBAZAAR will be the sole arbiter of such dispute, at its sole discretion and that PAYBAZAAR's decision (which may include termination or suspension of any account subject to dispute) will be final and binding on all parties.

Verification of information

We may share some or all of the information you provide with the Payment System Providers, Card Associations, Issuing Institutions, other financial institutions and governmental authorities. By accepting the terms of this Agreement, you authorize PAYBAZAAR to request for supplemental documentation at any time (before or after your PAYBAZAAR Account has been activated), in order to verify your identity, the accuracy of the information provided, legitimacy of your business, and/or your Buyers, including a Buyer report that contains your name and address, etc. If we cannot verify that this information is accurate and complete, we may deny your use of the Services, or close your PAYBAZAAR Account at any time. We may, without being obliged under law to do so, also request for additional information to keep in conformity with the Know Your Customer (“KYC”) requirements under the laws, regulations, rules, guidelines in force in India from time to time

Your Authoriaztion

By accepting the terms of this Agreement, you authorize us to hold, receive, disburse and settle funds on your behalf. Your authorization permits us to generate an electronic funds transfer between the Payment System Providers and our Nodal Account to process each Payment Transaction that you authorize. Thereafter you authorise us to transfer the Payments received from your Buyers to the bank account designated by you for this purpose at the time of registration. Your authorization will remain in full force and effect until your PAYBAZAAR Account is closed or terminated.

By accepting the terms and conditions the User accepts that PAYBAZAAR may send the alerts to the mobile phone number provided by the User while registering for the service or to any such number replaced and informed by the User. The User acknowledges that the alerts will be received only if the mobile phone is in ‘On’ mode to receive the SMS. If the mobile phone is in ‘Off’ mode then the User may not get/get after delay any alerts sent during such period.

Disclaimer

The Services are provided on an “as is” and “as available” basis. Use of the service is at your own risk. To the maximum extent permitted by applicable law, the Services is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, or non-infringement. No advice or information, whether oral or written, obtained by you from us or through the Services will create any warranty not expressly stated herein. Without limiting the foregoing, we, the System Providers, its processors, its providers, its licensors (and their respective subsidiaries, affiliates, agents, directors, and employees) do not warrant that the content is accurate, reliable or correct; that the Services will meet your requirements; that the Services and the Payment System Providers’ payment mechanism will be available at any particular time or location, uninterrupted or secure; that any defects or errors will be corrected; or that the Services is free of viruses or other harmful components. We will not be liable to the User for any loss or damage whatsoever or howsoever caused or arising, directly or indirectly, including without limitation, as a result of loss of data; interruption or stoppage of access to and/or use of the Web-store and Services and the Internet Payment Platform; interruption or stoppage

Severability

If any provision of this Agreement is or becomes, in whole or in part, invalid or unenforceable but would be valid or enforceable if some part of that provision was deleted, that provision will apply with such deletions as may be necessary to make it valid. If any court/tribunal of competent jurisdiction holds any of the provisions of this Agreement unlawful or otherwise ineffective, the remainder of this Agreement will remain in full force and the unlawful or otherwise ineffective provision will be substituted by a new provision reflecting the intent of the provision so substituted.