Welcome to Saurah Finanace Pvt Ltd ("we", "our", or "us"). These Merchant Onboarding Terms and Conditions ("Terms") govern your participation as a merchant on our loan distribution platform, which enables you to onboard clients and apply on their behalf for renewable energy loans. By completing the onboarding process, you agree to these Terms. If you do not agree, please do not proceed with the onboarding process.
By submitting your application to become a merchant, you acknowledge that you have read, understood, and agree to be bound by these Terms and our Privacy Policy.
To become a merchant, you must:
The onboarding process involves:
We reserve the right to accept or reject any application at our discretion.
Upon approval, you will receive access to a merchant account on our platform. You are responsible for:
Merchant onboarding will comprise of below steps / stages:
There is a maker and checker involved wherein all details entered at the time of onboarding/Sign up by a maker/Merchant is validated by the checker.
All documents and prerequisite information are entered along with required validation at the time of Maker onboarding and merchant self-sign-up. Maker/Merchant sign-up portal will not be able to submit the application in case of incomplete application.
Checker validates all prerequisite information along with the documents uploaded with validation at the time of onboarding to either approve/reject the merchant.
| KYC Documents | Mandatory/Optional | Descriptions |
|---|---|---|
| Cancelled Cheque | Mandatory | Cancelled cheque of the merchant’s business account under which the settlements are to be made. |
| PAN Card | Mandatory | A copy of PAN card should be signed by authorized signatory and stamped with merchant’s business (company) seal. |
| Government Issued Business Certificate | Mandatory | A copy of Registration Certificate and MOA, AOA should be signed by authorized signatory and stamped with merchant’s business (company) seal. |
| Documents of the signing authority | Mandatory | Copy of Identity Proof and Address proof to be self-attested & stamped with merchant’s business (company) seal. PAN, Passport, Aadhaar, Voters ID Card. |
| Business Address Proof | Mandatory | Electricity Bill, Landline Bill, Copy of Rent Agreement. |
| Financials | Optional | Financials of last 2 financial years. |
| Bank Statement | Optional | Last 3 months bank statement. |
Fees related to your merchant account or specific transactions will be outlined in our Fee Schedule if any. You agree to:
As a merchant, you agree to:
You are granted a limited, non-exclusive, non-transferable license to use our platform solely for the purpose of submitting and managing loan applications for your clients. All intellectual property related to our platform remains the property of Saurah Finanace Pvt Ltd.
Our liability is limited to the maximum extent permitted by law. We are not liable for any indirect, incidental, special, or consequential damages arising from or related to your use of our platform. Our total liability for any claim related to these Terms will be limited to the fees paid by you for the service giving rise to the claim.
We reserve the right to suspend or terminate your merchant account if:
You may terminate your account by providing us with written notice.
We may amend these Terms from time to time. Changes will be effective upon posting on our website. Your continued use of our platform following such amendments constitutes your acceptance of the revised Terms.
If you have any questions or suggestions about our Privacy Policy, do not hesitate to contact us at gogreen@saurah.com.
By using our website and services, you acknowledge that you have read, understood, and agree to be bound by these terms and conditions.
Thank you for choosing Saurah Finanace Pvt Ltd as your partner in renewable energy financing. We look forward to a successful collaboration!