Zhiffy Protection Balance. All the payments that a seller has earned from selling items through Zhiffy Protection will be accepted through the seller’s Account and reflected as a balance ("Balance"), after certain conditions have been met. Such conditions include the establishment and verification of information in respect of the following by Xxxxxx and/or its Payment Service Providers (as defined below), using reliable and independent sources, and retention of reference documents used in such verification: ○ where you are representing an Entity, the identities of all directors, partners and persons having executive authority as if such persons were themselves a user; ○ your identity (as well as identity and authority of any agent and/or natural person appointed by you to act on your behalf in relation to your Account); and ○ the existence of any beneficial owner in relation to your Account and if so, the identity of each such beneficial owner; as may be required pursuant to the requirements of the relevant economic sanctions, anti-money laundering and counter-terrorism financing laws and any other applicable laws and regulations. You may transfer the available balance to your linked bank account and/or debit card (“Default Transfer Method”) by submitting a transfer balance request (each, a “Transfer Balance Request”). Zhiffy may also automatically transfer (each, an “Automatic Transfer”) the available balance to your Default Transfer Method in the event your available balance exceeds Rs. 50000 and/or on a regular basis, as determined by Zhiffy. Such Automatic Transfers will occur only on business days and funds may take up to four (4) business days to be credited to your Default Transfer Method. In the event of an Automatic Transfer, the entire available balance will be transferred to your Default Transfer Method. You can read more about Zhiffy Protection and how to make a Transfer Balance Request in this Help article. No fees will be imposed for each Transfer Balance Request and/or Automatic Transfer. Notwithstanding anything to the contrary herein, Xxxxxx reserves the right to amend and/or impose any rates and/or fees for any Transfers, with at least ten (10) days prior notice to you. We will notify you of the changes by posting a notice on our Services or by email. Your continued use of our Services after such notice constitutes your acceptance of the updated rates and/or fees.
