Settlement Policy
This Settlement Policy governs the fund settlement process for all Payonclick users including Retailers, Distributors, and Master Distributors.
1. Commission Settlement
Settlement Frequency:
- Daily Settlement: For Master Distributors with volume > ?1 Lakh/day
- Weekly Settlement: Every Monday for standard users
- On-Demand: Available for Premium users with minimum ?5000 balance
2. Wallet Settlement
Users can request wallet balance settlement to their registered bank account:
| Request Time | Settlement Time |
|---|---|
| Before 2:00 PM | Same day (T+0) |
| After 2:00 PM | Next working day (T+1) |
| Weekends/Holidays | Next working day |
3. Minimum Settlement Amount
- Retailer: ?500
- Distributor: ?1000
- Master Distributor: ?2000
4. Settlement Charges
- IMPS (up to ?2 Lakh): ?5 per transaction
- NEFT: Free
- RTGS (above ?2 Lakh): ?15 per transaction
5. Required Documents for Settlement
To enable settlements, users must complete:
- KYC verification (Aadhaar, PAN)
- Bank account verification
- Valid mobile number verification
6. Settlement Failures
In case of settlement failure:
- Amount is credited back to wallet within 24 hours
- User is notified via SMS and email
- User should verify bank details and retry
7. Tax Deductions
As per government regulations:
- TDS @ 5% on commission above ?15,000/year (if PAN not provided: 20%)
- GST as applicable on service charges
8. Contact for Settlement Queries
Email: contactus@payonclick.in
Phone: +91 9992688080