1.1 Payment Collection :

• Razorpay will facilitate online payment collection for Malara’s products and services.
• If the settlement amount is less than 1 Rupee, Razorpay will attempt settlement but is not obligated to do so.

1.2 Transaction Settlement :

• Razorpay will settle the transaction amount (minus applicable deductions) to Malara’s account as per laws and agreed timelines.
• Settlement depends on funds being received in Razorpay’s Escrow Account from banks or payment gateways.

1.3 Early Settlements :

• If Razorpay settles funds early, it reserves the right to recover the transaction amount if funds aren’t received in the Escrow Account within three business days.

1.4 Transaction Limits :

• Razorpay can set transaction value limits for Malara’s account.

1.5 Fee Credits :

• Malara can purchase Fee Credits to cover Razorpay fees, allowing full settlement amounts without fee deductions.
• If Fee Credits are insufficient, fees will be deducted from the transaction amount.

1.6 Recovery of Charges :

• Razorpay may deduct or recover any amounts charged to it or debited by service providers from Malara’s transaction amount or any other funds.

1.7 Reversal of Transaction Amount :

• If funds are returned to Razorpay’s Escrow Account, such as from a bank rejection, Razorpay may refund the amount to the original source.

1.8 Withholding Settlement :

• Razorpay reserves the right to withhold settlement and refund the transaction amount to the source account if deemed necessary, with prior notice to Malara.