Risk Policy & Compliance
Last updated: 5/31/2026
1. Purpose
Pay X MinT is a software platform, not a payment aggregator. We provide technology for merchants to accept payments into their own accounts.
2. Business Use Only
Platform is strictly for legitimate business transactions. Illegal, fraudulent, or unauthorized collections are strictly prohibited.
3. KYC Requirements
Aadhaar and PAN-based basic KYC is mandatory for all merchants. Merchants must provide supporting documents when requested.
4. Merchant Responsibility
Merchant is solely responsible for the purpose and legality of all transactions processed through their connected accounts.
5. Risk Engine Monitoring
Pay X MinT operates a real-time risk engine monitoring VPA activity, transaction patterns, device fingerprints, and IP addresses.
6. VPA Monitoring
VPAs showing suspicious patterns will be flagged, restricted, or blacklisted.
7. Mismatch Payment Policy
Pay X MinT is not responsible for mismatch payments, wrong beneficiary transfers, or customer disputes on merchant-side transactions.
8. Suspicious Activity Blocking
Accounts with suspicious behavior will be blocked without prior notice. Merchant must cooperate fully with any investigation.
9. Fraud Complaint Handling
Pay X MinT will cooperate with law enforcement agencies and regulatory bodies for fraud investigations.
10. Account Suspension
Pay X MinT reserves the right to restrict or terminate services if risk is deemed high. No compensation or refund will be issued for suspended accounts.
11. NOC & Documents
Merchants may be required to provide NOC, KYC documents, or transaction supporting documents on request.
12. Amendments
Pay X MinT may update this policy at any time. Continued use constitutes acceptance.