Bytexpress Settlement Rules

This Settlement Policy defines the procedures and requirements for processing settlement requests by Bytexpress. It is effective from the date above and may be updated periodically based on operational, regulatory, or market-driven considerations.

1. Settlement Frequency

• Bytexpress will process only one settlement request per merchant per day.

• Additional requests within the same day will not be entertained.

2. Settlement Methods

1. Forex Cash Settlement

a. A 1-day advance notice is required to initiate a Forex cash settlement.
b. The exchange rate applicable on the date of disbursement will be used.
c. Exchange rates are subject to market conditions and availability.

2. USDT Settlement

a. For USDT settlements exceeding PKR 5,000,000, a 2-day advance notice is mandatory.
b. The exchange rate applicable on the actual disbursement date will be used.
c. Exchange rates depend on daily market fluctuations and liquidity availability.

3. Bank Transfer Settlement

Bank transfer settlements are subject to the qualification criteria detailed below.

3. Qualification Criteria for Bank Settlements

To be eligible for bank transfer settlements, the merchant must meet the following conditions:

• Complete CDD (Customer Due Diligence) must be filled, submitted, and approved by the Bytexpress compliance team.

• Settlements will only be made to company-owned accounts.

• Only accounts held at commercial banks are acceptable.

• Accounts held with microfinance banks are not eligible for settlement.