Terms and Conditions

Last updated: November 2026

1. Platform Nature & Technical Scope

TechMights Pay is a technology platform provided by TechMights Technologies ("Company"). The Company provides technical gateway software, hosted checkout integration, and transaction status APIs as a Technical Service Provider (TSP). TechMights Pay is not an RBI-authorised Payment Aggregator and does not hold, pool, or custody merchant or customer funds.

2. Direct Banking & Acquiring Partner Underwriting

All live digital payment processing and merchant acquiring are performed directly by licensed banking partners and acquiring switches. Each merchant must be onboarded and approved by the acquiring bank partner pursuant to the bank's statutory KYC, Anti-Money Laundering (AML), and merchant underwriting guidelines.

3. Direct Settlement of Merchant Funds

Customer funds collected for approved transactions are settled directly from the acquiring bank partner to the merchant's verified bank account under the terms of the acquiring agreement. TechMights Pay has no access to or control over transaction proceeds.

4. Prohibited Businesses & Conduct

Merchants agree not to use the TechMights Pay technology for any prohibited, fraudulent, or unlawful activities, including gambling, unauthorized financial schemes, counterfeit goods, or sanctions-restricted transactions.

5. Limitation of Liability

TechMights Technologies shall not be liable for acquiring bank outages, regulatory restrictions, banking switch downtimes, or merchant business disputes.

Regulatory & Operational Notice:

TechMights Pay operates as a specialized payment technology platform and Technical Service Provider (TSP) integrating with authorized banking and acquiring partners. TechMights Pay does not pool, hold, or escrow merchant funds. Merchant settlements are routed directly by the acquiring bank partner pursuant to merchant KYC approval and underwriting agreements.