Referral Terms & Conditions

ThePaySense Referral Program (“The Program”) allows existing PaySense Customers to earn promotional vouchers/coupon credits (“Vouchers”) by referring friends to become net new customers with PaySense.


To participate, Customers must agree to these terms, which become part of thePaySense Terms of Service. Capitalized terms that are not defined here will have the same meaning given to them in the PaySense Terms of Service.


How to Earn Referral Vouchers

Customers can earn Vouchers if: (i) a referred friend clicks on their referral link to create a valid PaySense account that complies with ourTerms of Service; and (ii) the referred friend avails of a Qualified Loan (as defined below)

Customers can earn Vouchers if: (i) a referred friend clicks on their referral link to create a valid PaySense account that complies with ourTerms of Service; and (ii) the referred friend avails of a Qualified Loan (as defined below).


The referring Customer will be credited with the Voucher amount(s) specified for each type of referral in the referral invitation or accompanying promotional materials after the referred friend’s first Qualified Loan is disbursed. If the referred friends takes multiple Qualified Loans, the referring customer is eligible for vouchers only and only for the first Qualified Loan and not for subsequent loans. If the referred friend avails a Qualifying Loan the referring Customer will receive the Vouchers specified, if any. A referring Customer can earn only and only one Voucher per unique referred friend who takes a Qualified Loan.


The maximum Vouchers that can be earned per customer will be 10,000 INR.


Qualifying Loans or Qualified Loans

A Qualifying Loan or Qualified Loan must have the minimum total value indicated in the referral invitation, accompanying promotional materials, PaySense website, or PaySense mobile application for that type of loan. The Qualifying Loan must be booked via the PaySense platform, and the referred friend must abide by the terms of the loan as will be specified in the agreement signed by the referred friend before the loan is availed.


Redeeming Vouchers

Vouchers provided will be those of third parties chosen by PaySense. The use of vouchers by thereferring customer and referred friend will be governed by the terms of service of the third party provider of vouchers. Vouchers may have an expiry date as specified by the third party voucher provider, after which they will lose their value. Vouchers may not be transferred or exchanged for cash. PaySense will not be liable for any conflict arising in the use of the voucher with third parties.


Vouchers may not be earned by creating multiple PaySense Accounts. Vouchers accrued in separate PaySense accounts may not be combined into one PaySense account.


If for any reason you believe that there is a discrepancy regarding your balance of Vouchers,please contact us. PaySense may require you to submit additional information in order to make a determination regarding your balance. All decisions regarding your balance will be final and at the sole discretion of PaySense.


You are responsible for Tax consequences, if any, that may result from your redemption or use of Vouchers.


The scope, variety, and type of services and products that you may obtain by redeeming Vouchers can change at any time.


Sharing Referral Links

Referrals should only be used for personal and non-commercial purposes. Referral links should not be published or distributed on commercial websites (such as coupon websites, Reddit, or Wikipedia) or on blogs. Members are prohibited from “spamming” anyone with referral invitations.This includes mass emailing, texting or messaging people you do not know or using automated systems or bots through any channel to distribute your referral link. Members are prohibited from paying to advertise their referral links.


Referred Friends

Referred friends who have availed a Qualified Loan using a valid referral link will also receive Vouchers in the form of a coupon or coupons in the amount(s) indicated in the referral invitation or accompanying promotional materials that can be used at third parties. Vouchers that are not automatically applied must be entered during checkout. Vouchers may not be transferred to another person, exchanged for cash, or combined with other PaySense referral programs or incentives.


PaySense reserves the right to any remedy, including cancellation of your account or reservations, if fraud, tampering, violations of these terms or the PaySense Terms of Service, or technical errors are suspected. Void where prohibited.


Multiple Referrals

A referred friend may only use one referral link. If a referred friend receives referral links from multiple PaySense Customers, only the Customer associated with the referral link actually used by the referred friend will receive Vouchers.


The Program may not be combined with other PaySense referral programs or incentives. If a referred friend receives referral links from multiple PaySense referral programs, preference will be given to payment via the Host Referral Program, voiding eligibility from The Program.


Severability

If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.


Termination and Changes

PaySense may suspend or terminate the Program or a user’s ability to participate in it at any time for any reason.


We reserve the right to suspend accounts or remove Vouchers if we notice any activity that we believe is abusive, fraudulent, or in violation of the PaySense Terms of Service. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals inour sole discretion as deemed fair and appropriate.


Updates to the Terms

We can update these terms at any time without prior notice. If we modify these terms, we will post the modification on the PaySense website, applications, or services, which are effective upon posting. Continued participation in the Program after any modification shall constitute consent to such modification.

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