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TERMS & CONDITIONS

These terms and conditions apply to the Customer who uses this Online Payment Services for repayment of Loan or any other charges to MAGMA. Kindly read these terms and conditions carefully. By authorizing a payment to MAGMA through the online payment service (“the service”), it would be treated as a deemed acceptance to these terms and conditions. MAGMA reserves all the rights to amend these terms and conditions at any time without giving prior notice. It is the responsibility of the Customer to read the terms and conditions before using the Service

Key Terms:

The following is a summary of the key terms of this service:

  1. Payment(s) through this Service may only be made with a Debit card (Master / Visa / RuPay / Maestro), Net-Banking, Airtel Payment Bank & UPI (Unified Payments Interface)
  2. Before using this Service, it is recommended that the Customer shall make necessary enquiry about the charges or fees payable against the Debit card / Net – banking, Airtel Payment Bank & UPI
  3. The Debit card, Net-Banking, Airtel Payment Bank & UPI information supplied at the time of using the service is processed by the payment gateway of the service provider and is not supplied to MAGMA. It is the sole responsibility of the Customer to ensure that the information entered in the relevant fields is correct. It is recommended that you take and retain a copy of the Transaction Acknowledgement for record-keeping purposes, which might assist in resolution of any disputes that may arise out or usage of the service
  4. The Customer agrees, understands and confirms that his/ her personal data including without limitation details relating to Debit card / Net – banking / Airtel Payment Bank & UPI transmitted over the Internet Payment Gateway may be susceptible to misuse, hacking, theft and/ or fraud and that MAGMA or the Payment Service Provider(s) have no control over such matters.
  5. The service is provided using a Payment Gateway Service Provider through a secure website. However, neither the payment gateway service provider nor the MAGMA gives any assurance, that the information so provided online by the Customer is secured or may be read or intercepted by a third party. MAGMA does not accept or assume any liability in the event of such unauthorized interception, hacking or other unauthorized access to information provided by a Customer of the service.
  6. MAGMA and/or the Payment Service Providers shall not be liable for any inaccuracy, error or delay in, or omission of (a) any data, information or message, or (b) the transmission or delivery of any such data, information or message; or (c) any loss or damage arising from or occasioned by any such inaccuracy, error, delay or omission, non-performance or interruption in any such data, information or message. Under no circumstances shall MAGMA and/or the Payment Service Providers, its employees, directors, and its third party agents involved in processing, delivering or managing the Services, be liable for any direct, indirect, incidental, special or consequential damages, or any damages whatsoever, including punitive or exemplary arising out of or in any way connected with the provision of or any inadequacy or deficiency in the provision of the Services or resulting from unauthorized access or alteration of transmissions of data or arising from suspension or termination of the Service.
  7. The Customer agrees that MAGMA or any of its employees will not be held liable for any loss or damages arising from the use of Internet Payment Gateway, or reliance upon the information contained on the Website, or any failure to comply with these Terms and Conditions where such failure is due to circumstance beyond MAGMA’s reasonable control.

Privacy Policy:

  1. The information provided by the user related to payments using debit card or Net-Banking is not accessed or stored by MAGMA on this website
  2. If payment is made by means of a card that you do not personally own, the permission of the card owner must always be obtained to make payments using the card. In using the system you confirm that you have such permission.
  3. No Warranty: The information and materials contained in this site including, graphics, links or other items are provided as on “As Is” and “As Available” basis by MAGMA which is organized and tries to provide information accurately and expressly disclaims liability for error or omission in this information and materials. No warranty of any kind, implied, express or statutory shall be given by MAGMA shall not be limited to the warranty of fitness for a particular purpose and freedom from computer virus is given in conjunction with the information and materials.
  4. Limitation of Liability: In no event, MAGMA will be liable for any damage direct or indirect losses or expenses arising in connection with site or use thereof inability to use by any person delay of operation or transaction, computer virus etc
  5. The Customer authorizes MAGMA to exchange, share, part with all information related to the details and transaction history of the Customers to its Affiliates / Subsidiaries / banks / financial institutions / credit bureaus / agencies/participation in any telecommunication or electronic clearing network as may be required by law, customary practice, credit reporting, statistical analysis and credit scoring, verification or risk management and shall not hold MAGMA liable for use or disclosure of this information.

Security:

All payment details which are entered through this Payment Gateway are encrypted. The site is secure and uses 128-bit encryption to offer secure communications by encrypting all data to and from the site. MAGMA shall not be liable for any failure by the Customer making payment to properly protect data from being seen on their screen by other persons or otherwise obtained by such other persons, during the Online Payment processor or in respect of any omission to provide accurate information in the Course of the Online Payment Process.

Non – Binding

Please note that this privacy policy does not create any contractual or other legal rights in or on behalf of any party, nor is it intended to do so.

Prohibited Actions

While using this Site, you agree not to, by any means (including hacking, cracking or defacing any portion of the Site) indulge in illegal or unauthorized activities including the following:

  • Restrict or inhibit any authorized user from using this Site
  • Use the Site for unlawful purposes
  • Harvest or collect information about Site users without their express consent
  • “Frame” or “mirror” any part of the Site without our prior authorization
  • Engage in spamming or flooding
  • Transmit any software or other materials that contain any virus, time bomb, or other harmful or disruptive component
  • Remove any copyright, trademark or other proprietary rights notices contained in the Site
  • Use any device, application or process to retrieve, index, “data mine” or in any way reproduce or circumvent the navigational structure or presentation of the Site

Transaction Charges

The transaction charges will be borne by Magma

Variations to the Terms and Conditions

MAGMA reserves the right to vary these Terms and Conditions from time to time and the current version will be that published on this website. We reserve the right to decline the acceptance of an online payment if your account is in default for any reason. MAGMA may also make additions/deletions/alterations to the services offered, at its sole discretion. Magma reserves the right to withdraw the service at any time at its discretion. Magma retains the right to change the terms and conditions for Online Payments, without any prior notice.