Payment Term
Payment Terms
1. In
respect of any transactions entered into on the Dareit platform, Users agree to
be bound by the following payment terms:
a.
The Dareit reserves the right to charge a Platform
Fee, which would be specified and notified by Dareit on the website. The
Platform Fee (inclusive of applicable tax thereon) will be debited from the
User’s account balance and Dareit shall issue an invoice for such debit to the
User.
b.
Users are requested to note that they will be required
to provide valid photo identification and address proof documents for proof of
identity and address in order for Dareit to process the withdrawal request. The
name mentioned on the User's photo identification document should correspond
with the name provided by the User at the time of registration on Dareit, as
well as the name and address existing in the records of the User's bank account
as provided to Dareit. In the event that no bank account has been registered by
the User against such User's account with Dareit, or the User has not verified
his/her User account with Dareit, to Dareit's satisfaction and in accordance
with these Terms and Conditions, Dareit shall provide such User with a
notification to the User's email address as on record with Dareit at least 30
days prior to the Auto Transfer Date, and in case the User fails to register a
bank account with his/her User Account and/or to verify his/her User Account by
the Auto Transfer Date, Dareit shall be entitled to forfeit any amounts subject
to transfer on the Auto Transfer Date. Failure to provide Dareit with a valid
bank account or valid identification documents (to Dareit's satisfaction) may
result in the forfeiture of any amounts subject to transfer in accordance with
this clause.
c.
Users agree that once they confirm a transaction on
Dareit, they shall be bound by and make payment for that transaction.
d. The User acknowledges that subject to time taken for bank reconciliations and such other external dependencies that Dareit has on third parties, any transactions on Dareit Platform may take up to 24 hours to be processed.
2. A transaction, once confirmed, is final and no cancellation is permissible.
3. Dareit
may, in certain exceptional circumstances and at its sole and absolute
discretion, refund the amount to the User after deducting applicable
cancellation charges and taxes. At the time of the transaction, Users may also
be required to take note of certain additional terms and conditions and such
additional terms and conditions shall also govern the transaction. To the
extent that the additional terms and conditions contain any clause that is
conflicting with the present terms and conditions, the additional terms and
conditions shall prevail.