Terms & Conditions
Structured Partnership Agreement Guidelines — VPAY Fintech Solutions Private Limited
1. Introduction & Acceptance
These Terms and Conditions govern the participation of individuals and entities in the **FedPay Business Partner Program** and **Super Distributor Program**, operated by **VPAY Fintech Solutions Private Limited** (hereinafter referred to as “the Company”). By submitting an application, signing an agreement, or depositing capital investment, the Partner agrees to abide by these terms.
2. Program Structure & Capital Investment
Under the standard **Business Partner Program**:
- The Partner commits a one-time capital investment of **₹5,00,000** (Rupees Five Lakhs only).
- The agreement is executed for a fixed duration of **5 Years (60 Months)** from the date of agreement signing.
- The Company allocates **200 FedPay UPI Sound Box devices** for regional merchant deployment.
3. Monthly Rental Income Payouts
Monthly rental payouts are calculated based on deployed and active payment devices:
- The Partner is entitled to receive **₹85 per month** for each active deployed Sound Box device.
- For a fully active allocation of 200 devices, the monthly rental income is **₹17,000 per month**.
- Payouts are disbursed directly into the Partner's verified bank account on a fixed monthly cycle.
4. Capital Return Policy
The Company guarantees 100% capital return over the 5-year agreement term through a scheduled repayment structure:
- **10% of the initial capital (₹50,000)** is returned to the Partner every **6 months** (starting from Month 6 through Month 60).
- Over the 10 half-yearly repayment terms, the total capital returned equals **₹5,00,000 (100% of initial investment)**.
- Capital return disbursements are independent of monthly rental income.
5. Device Ownership & Maintenance
To comply with Reserve Bank of India (RBI) guidelines and ensure uninterrupted technical service:
- All hardware devices, SIM cards, and software remain the exclusive property of **VPAY Fintech Solutions Private Limited**.
- The Company provides full warranty coverage, free SIM connectivity management, and remote technical support.
- In the event of hardware failure or merchant inactivity, the Company reserves the right to replace or reallocate devices without financial penalty to the Partner.
6. Termination & Dispute Resolution
Either party may terminate the agreement upon 90 days' written notice in accordance with the executed partnership agreement. All disputes arising under this agreement shall be subject to the exclusive jurisdiction of the competent courts in **Hyderabad, Telangana**.