Privacy Policy

Privacy Policy of Payoutify

  1. Introduction Welcome to Payoutify Solutions Private Limited (Payoutify). These Terms and Conditions govern your use of our services, including vendor payments, invoice payments, salary payments for employees, and other related services provided through our platform. By accessing or using our services, you agree to be bound by these Terms and Conditions.
  2. Services Provided
    1. Vendor Payments: Manage and execute payments to vendors efficiently through our platform.
    2. Invoice Payments: Streamline the process of paying invoices to various stakeholders.
    3. Salary Payments: Facilitate timely and accurate salary disbursements to employees.
    4. Reward Distribution: Distribute rewards to recipients using our API.
  3. Account Registration and KYC
    1. Registration: To use our services, businesses must register an account with Payoutify.
    2. KYC Requirements: Businesses are required to complete KYC (Know Your Customer) processes for onboarding.
  4. Funding and Payments
    1. Funding Accounts: Businesses can fund their balance from whitelisted bank accounts to a virtual bank account provided by Payoutify for collection.
    2. Payment Execution: Payments will be executed based on the instructions provided by the business through the platform.
  5. Fees and Charges
    1. Service Fees: Payoutify may charge fees for the services provided. These fees will be communicated to you prior to the use of the service.
    2. Transaction Costs: Any costs associated with the execution of payments will be borne by the business.
  6. Security and Compliance
    1. Data Security: Payoutify is committed to protecting your data. We use advanced security measures to ensure the confidentiality and integrity of your information.
    2. Compliance: Businesses must ensure that their use of Payoutify's services complies with all applicable laws and regulations.
  7. Data Retention Policy
    1. Duration: We retain your personal data and transaction records for a period of 7 years from the date of transaction or account closure, whichever is later, as per regulatory requirements.
    2. Business Records: Financial records, including payment transactions and invoices, are retained for a minimum period as required by applicable tax and corporate laws.
    3. Account Information: After account deletion, we may retain certain information as required by law or for legitimate business purposes, such as to resolve disputes, enforce agreements, and comply with legal requirements.
    4. Data Disposal: After the retention period expires, we securely delete or anonymize your data using industry-standard methods.
  8. Limitation of Liability Payoutify shall not be liable for any direct, indirect, incidental, or consequential damages arising out of or in connection with the use of our services.
  9. Modifications to Terms Payoutify reserves the right to modify these Terms and Conditions at any time. Any changes will be effective immediately upon posting on our website. Your continued use of our services constitutes your acceptance of the modified terms.
  10. Termination Payoutify may terminate or suspend your access to our services at any time, without prior notice or liability, for any reason, including if you breach these Terms and Conditions.
  11. Governing Law These Terms and Conditions shall be governed by and construed in accordance with the laws of Bangalore, Karnataka.
  12. Contact Information If you have any questions about these Terms and Conditions, please contact us at: Payoutify Solutions Private Limited