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Merchant Referral Program - Terms and Conditions
All Merchants registered on PayUMoney are eligible to participate in this program. By participating in this referral program, the Merchant ("Participating Merchant") acknowledges and accepts all the terms and conditions of this program.
A Participating Merchant may refer prospective Merchant to PayUMoney through the Merchant Referral Program. Registration of the prospective Merchants with PayUMoney shall be at the sole discretion of PayU Payments Private Limited ("PayU India") and is subject to internal processing.
The prospective Merchant shall be deemed to be a Referred Merchant upon:
the prospective Merchant successfully registering on PayUMoney through the Participating Merchant's referral link sent to the prospective Merchant by email; and
completion of a minimum of three (3) successful transactions worth INR 4000 (in total) through the prospective Merchant's PayUMoney Account ("Referred Merchant").
The Participating Merchant shall be eligible to receive a referral fee for every Referred Merchant in the following manner:
for the first five (5) Referred Merchants – INR 300 for each Referred Merchant
from the sixth (6th) Referred Merchant onwards – INR 500 for each Referred Merchant ("Referral Fee").
Any indirect tax implication on Referral Fees under applicable laws shall be borne by Participating Merchants. The Referral Fee shall be subject to withholding taxes as per applicable laws in force in India.
In event that a prospective Merchant is referred by more than one Participating Merchant, he/she shall be deemed to be the Referred Merchant of the Participating Merchant whose invitation link was accepted.
The Participating Merchant shall receive the Referral Fee at the beginning of each month for the preceding month's referrals. An email with respect to the same shall be sent to the Participating Merchant.
PayU India reserves the right to cancel, terminate or suspend this program at any time without any prior notice. PayU India further reserves the right to vary, add or amend any of the terms & conditions mentioned without any prior notice.
PayU India reserves the right to disqualify the candidature of a Participating Merchant, at its sole discretion, at any stage during this program for any reason whatsoever including but not limited to misuse of the Referral Program.
In case of any disputes, PayU India's decision will be final.
In addition to the above, this referral program is also subject to PayUMoney general terms & conditions available here.