Welcome to Bizzyfin! We provide secure, seamless, and technology-driven payment solutions designed for businesses across India. Our services include Current Accounts, API Banking, Escrow Services, Smart Collect (IMPS, NEFT & RTGS), Payouts, and QR Code Payments, all built to enhance your financial transactions.
By using our platform, you agree to comply with the terms outlined here. Our services are exclusively available for businesses and individuals operating within India. We are committed to delivering efficient, transparent, and reliable payment solutions tailored to your needs.
To access Bizzyfin's services, you must be a registered business or an individual operating within India. Users must comply with applicable banking and financial regulations in India, including KYC (Know Your Customer) norms, as mandated by the Central Bank of India.
During registration, you must provide accurate details, including business information, valid identification, and banking details. We reserve the right to approve or reject applications based on verification and compliance standards. Maintaining updated account information is essential to continue using our services without interruptions.
As a user of Bizzyfin, you must ensure that all transactions comply with Indian financial regulations and are conducted legally. You are responsible for maintaining account security, safeguarding login credentials, and preventing unauthorized access. Any fraudulent, illegal, or suspicious activities may lead to service termination.
Additionally, users must adhere to the terms related to payments, fund transfers, and escrow agreements. Our platform is built to facilitate seamless transactions, but users must ensure that funds are used responsibly, in compliance with RBI guidelines, and for legitimate business purposes only.
We may update these Terms & Conditions periodically to align with regulatory changes, technological advancements, or business improvements. Users will be notified of major changes via email or in-app notifications, ensuring transparency.
Your continued use of Bizzyfin after any updates constitutes acceptance of the revised terms. We encourage users to review these policies regularly to stay informed about their rights and responsibilities while using our services.
Opening an account with Bizzyfin is a straightforward process, designed to be simple and quick. To get started, users must submit their business details and complete the KYC (Know Your Customer) requirements as per Indian regulations. Once verified, you’ll gain full access to our suite of payment services.
We are committed to keeping your account secure and well-maintained. You’ll have access to real-time monitoring of your account activities, enabling you to manage and track transactions effectively. Our team ensures the highest level of service and support throughout your account’s lifecycle.
To ensure the safety and efficiency of our payment services, Bizzyfin has set specific limits on transactions. These limits are determined based on the type of service, account status, and compliance with regulatory requirements. We monitor transactions regularly to prevent fraud and ensure secure operations.
Certain restrictions may apply depending on the nature of the transaction or your account type. We recommend reviewing the transaction limits set for your account to ensure smooth processing. If you require higher limits, you can reach out to our support team to discuss possible adjustments.
At Bizzyfin, we believe in transparency when it comes to fees and charges. Our fee structure is designed to be clear and straightforward, with no hidden costs. Charges may apply for services like fund transfers, API integrations, escrow services, and more.
We’ll provide a breakdown of fees for each service offered, so you’ll know exactly what you’re paying for. We strive to keep our charges competitive and in line with the market, ensuring that our services provide value while remaining affordable for your business.
While we hope you continue to enjoy our services, we understand that you may need to close your account. If you wish to close your Bizzyfin account, you can initiate the process by contacting our customer support team. All outstanding transactions and obligations must be settled before closure.
In cases of policy violations, fraudulent activities, or non-compliance with regulatory requirements, we reserve the right to terminate an account without prior notice. If your account is closed or terminated, we will ensure that all funds are properly transferred, and you’ll receive a final statement outlining all transactions.
To use Bizzyfin's API services, you must first obtain API keys through a secure registration process. Our API documentation provides clear instructions for integrating our payment services with your existing systems. Whether you are automating transactions, processing payments, or managing customer data, our APIs are designed to be flexible, reliable, and scalable.
We offer detailed support to ensure a seamless integration process. Developers can access sample codes, tutorials, and real-time testing environments to make integration faster and more efficient. It’s important to follow our guidelines closely to maintain smooth operations and to ensure the API’s functionality and security.
At Bizzyfin, data security is our top priority. We use industry-standard encryption methods, secure servers, and strict access controls to protect your business and personal data. All sensitive data transmitted through our platform, including payment details, is encrypted to prevent unauthorized access.
We also adhere to the highest confidentiality standards, ensuring that your information is never shared with third parties without your explicit consent, unless required by law. By using our services, you agree to comply with these data security measures and understand the importance of protecting your data.
By using Bizzyfin’s services, you agree to comply with all applicable laws and regulations within India, including anti-money laundering (AML) and combating the financing of terrorism (CFT) requirements. You are prohibited from using our platform for any illegal activities, including but not limited to fraud, money laundering, or financing terrorism.
We also impose usage restrictions to ensure our services are used responsibly. This includes restricting certain types of high-risk transactions or services that violate our terms. We may suspend or terminate accounts that fail to meet compliance standards or engage in prohibited activities, to maintain the integrity of our platform.
Bizzyfin is committed to ensuring that our API services function as intended and provide a smooth transaction experience. However, you are responsible for ensuring that your API integrations are implemented correctly and comply with our terms. We are not liable for any errors caused by faulty integrations, misconfigurations, or third-party services.
In the event of an API transaction failure, our team will investigate the issue and work with you to resolve it promptly. However, Bizzyfin is not responsible for any direct or indirect losses resulting from system failures, misused API calls, or unanticipated downtime.
In escrow transactions, funds are held securely until all agreed-upon conditions are met by both parties. This ensures that the transaction is carried out fairly and without risk to either party. Once the conditions of the agreement are fulfilled, funds will be promptly released to the designated recipient.
It is important to review and understand the specific conditions outlined in the escrow agreement, as they may vary depending on the nature of the transaction. If conditions are not met or there is a dispute, the funds will remain in escrow until the matter is resolved.
In case of a dispute between parties in an escrow transaction, Bizzyfin provides a structured dispute resolution process. Our team will assist in reviewing all relevant documentation and communication to reach an amicable resolution. If necessary, we may facilitate arbitration to help resolve the dispute fairly and promptly.
Reconciliation of transactions is handled efficiently, with clear records provided to all parties involved. We strive to ensure that any issues are resolved as quickly as possible, minimizing any impact on your business.
The use of escrow services on Bizzyfin involves a processing fee, which is based on the transaction value and agreed terms. These fees are clearly outlined before the initiation of the transaction, ensuring transparency. Escrow fees cover the administration, security, and oversight of the transaction process.
Fees for processing may also apply depending on the nature of the transaction or service used. We aim to keep our fees competitive and clearly stated so there are no surprises, and you can plan accordingly for all transactions.
As a user of Bizzyfin, you have the right to secure access to all of our services, including payment processing, escrow, and API integration. You also have the responsibility to ensure that all provided data is accurate and up to date. Misleading information may lead to suspension of services.
Users are also expected to use our platform for lawful and ethical purposes, adhering to all applicable Indian laws and regulations. We rely on our users to maintain the security of their accounts and to promptly notify us of any suspicious activity.
Smart Collect services enable fast and reliable payment collection through IMPS, NEFT, and RTGS. These methods allow businesses to receive payments directly into their accounts, ensuring a smooth and timely transaction experience.
By using Smart Collect, businesses can choose the best payment method based on transaction urgency and amount. We aim to streamline the collection process, making it simple and cost-effective for businesses of all sizes.
Our payment collection policies are designed to be clear and straightforward. We offer various collection methods, such as Smart Collect (IMPS, NEFT & RTGS), to suit your business needs. All payments are processed securely, and we ensure compliance with Indian banking regulations.
You are required to follow these policies to ensure smooth transactions and prevent delays. We also encourage transparency in all dealings to ensure that funds are collected and deposited properly.
The settlement process is designed to ensure that funds are accurately distributed to the intended recipient. After payments are successfully collected, Bizzyfin ensures proper reconciliation, matching payment details with transaction records to prevent discrepancies.
We provide detailed reports that summarize all transactions, including successful settlements and any adjustments made during reconciliation. This process ensures transparency and accountability, allowing businesses to track their payments in real-time.
Our Payouts service enables businesses to distribute payments securely and efficiently. You can send payments to vendors, employees, or contractors with ease, using a quick and automated process. Our platform supports seamless, hassle-free transactions, ensuring that funds are transferred promptly.
QR Codes allow your customers to make quick payments by scanning codes on invoices or promotional materials. This contactless method simplifies transactions, improving the overall payment experience for both customers and businesses.
We reserve the right to modify or update these Terms and Conditions as necessary to reflect changes in legal requirements or our services. Any updates will be communicated clearly through our platform or via email to ensure all users are informed.
It is important to review these terms regularly, as continued use of Bizzyfin services after changes are made will signify your acceptance of the updated terms. We strive to keep our terms transparent and aligned with the latest industry standards.
These Terms and Conditions will be governed by and construed in accordance with the laws of India. Any disputes arising from the use of Bizzyfin’s services will be subject to Indian jurisdiction, and users agree to resolve any legal matters in Indian courts.
By using our services, you acknowledge that any legal action or dispute resolution will take place in India, under Indian law, providing a clear and consistent framework for addressing any concerns or issues that arise.
If you have any questions, concerns, or feedback regarding our services, feel free to reach out to us. Our customer support team is available via info@bizzyfin.com or the contact form on our website to assist with any inquiries.
We are committed to providing excellent service and will respond to your queries promptly. Don’t hesitate to contact us for further information or if you need help with our services or policies. We are here to help!
Bizzyfin offers digital solutions for merchants to receive payments instantly. Our platform ensures secure and efficient payment processing.
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