These terms govern your use of PayNit's APIs and infrastructure.
By accessing or using PayNit, you agree to these Terms & Conditions. This is a legally binding agreement between you ("User", "Merchant") and PayNit. If you do not agree, you must not use our services.
You must be at least 18 years old and a registered business or authorized individual in India. KYC verification (including Aadhaar & PAN) is mandatory before accessing live API payout features in compliance with RBI guidelines.
PayNit provides programmatic payout infrastructure enabling businesses to disburse funds via:
Merchants must maintain sufficient wallet balance to initiate payouts. Wallets are non-interest-bearing virtual accounts. Amounts for failed transactions due to banking node errors are automatically refunded to your PayNit wallet.
You shall not use PayNit for: money laundering, terrorist financing, fraudulent or illegal transactions, circumventing security controls, or unauthorized access to our systems. Violations result in immediate permanent suspension and reporting to relevant authorities.
PayNit shall not be liable for indirect, incidental, or consequential damages arising from API misconfigurations or downstream banking network failures. Total liability shall not exceed fees paid in the preceding three months.
These terms are governed by the laws of India. Any disputes are subject to the exclusive jurisdiction of courts in Kolkata, West Bengal.
