Soliteck Settlement Policy
We at “SOLITECK DIGISOLUTIONS PVT. LTD." are committed to safeguarding your privacy. This Settlement Policy explains how we may collect, use, share, and keep personal information about you. It also explains the choices on your part related to use of, your access to, and possibilities and ways to correct your personal information. It is crucial on your part to read the Settlement Policy carefully.
Purpose
To establish a standardized, transparent, and efficient procedure for merchants (channel partners) with Soliteck, ensuring compliance, profitability, and sustainable growth in merchant network. This policy ensures that all merchants amount is settled with clear terms, support, and measurable performance criteria, minimizing risk and maximizing revenue.
Scope
This policy applies to all prospective merchants (small shops, kirana stores, retailers, enterprises) who wish to provide Soliteck services (e.g. digital payment solutions, POS machines, micro‑ATM, recharges, bill payments, etc.).
Settlement
The Channel Partners shall be entitled to commission, which shall be adjusted on a daily, monthly, or transaction basis, for the provision of the Services at a rate to be intimated by Soliteck Digisolutions Pvt. Ltd. from time to time through its portal. This may be by way of credit to the Working Capital, or the Channel Partners may deduct the commission due to them prior to depositing the proceeds of a transaction in the Current Account. The Channel Partners shall be regularly updated on the rates of commission through the Portal. Soliteck Digisolutions Pvt. Ltd., at its sole discretion, shall decide the sharing of Gross Margin with the Channel Partners and its decision shall be final. It is presumed that the Channel Partners have agreed to such commission/margin before the transaction. Any dispute in this regard will not be admissible by Soliteck Digisolutions Pvt. Ltd.
Prices and Discounts
All prices, charges, fees, and discounts for all Soliteck Digisolutions Pvt. Ltd. Services shall be determined, and may from time to time be revised, by Soliteck Digisolutions Pvt. Ltd. at its sole discretion. The Channel Partners shall not collect cash from the customers by offering discounts on the Services which do not have the sanction of Soliteck Digisolutions Pvt. Ltd. The Channel Partners shall also not provide any incentives, subsidies, or perform any act/omission that has the effect of providing unauthorized incentives or subsidies on the Services. The Channel Partners acknowledge that Soliteck Digisolutions Pvt. Ltd. has the right to alter the prices or nullify any sales that have been entered in the portal.
Taxes
All current and/or future taxes or similar fees including, without limitation, GST, value-added tax, service tax, and other local or municipal taxes shall be payable by the Channel Partners. Such amounts shall not be retained by the Channel Partners while retaining their commission. Payments made to the Channel Partners shall be subject to such withholdings as prescribed under applicable law. Subject to the aforesaid, Soliteck Digisolutions Pvt. Ltd. assumes no responsibility for the tax compliance of the Channel Partners.
Costs
All costs and expenses for operation of the Soliteck Digisolutions Pvt. Ltd. Kiosk, including but not limited to electricity, telephone, staff salary, traveling, promotional activities, and other similar out-of-pocket expenses incurred in the performance of the Services, shall be borne by the Channel Partners.
Aeps Settlement.
All AEPS (Aadhaar Enabled Payment System) settlements shall be credited either to the Channel Partner’s Cashout Wallet or directly to the Channel Partner’s bank account that has been pre-verified and whitelisted with Soliteck Digisolutions Pvt. Ltd. The settlement process will adhere to the established operational procedures to ensure timely and accurate transfer of funds, in full compliance with regulatory and internal governance standards.
Activity / Inactivity Charges
A minimum monthly charge plus taxes may be levied by Soliteck Digisolutions Pvt. Ltd. and the same shall be deducted from the Channel Partners’ Working Capital balance. The Channel Partners hereby agree and acknowledge to pay such charges as intimated by Soliteck Digisolutions Pvt. Ltd. from time to time.
Set-off
Soliteck Digisolutions Pvt. Ltd. may deduct sums due from the Channel Partners under these Terms and Conditions from any sums payable to the Channel Partners under the same, and the Channel Partners hereby consent to such set-off being made by Soliteck Digisolutions Pvt. Ltd.
Disclaimer
By using Soliteck and/or by providing your information, you consent to the collection and use of the information you disclose on Soliteck in accordance with this Settlement Policy, including but not limited to your consent for sharing your information as per this Settlement Policy. For any kind of communication, please write to support@Soliteck.com Soliteck is headquartered at: Navi Mumbai