Welcome to Woohoo Xyz, an independently operated Sole Proprietorship enterprise based in India. This Payment Policy outlines the operational rules, supported payment mechanisms, transparent settlement surcharges, and gateway security frameworks governing all financial transactions on our platform.
Woohoo Xyz operates as a specialized digital payment facilitation portal designed to process education tuition fees, commercial business payments, residential and office rent disbursements, and vendor settlements. By initiating any transaction through our checkout interface, you explicitly consent to the terms, surcharge deductions, and clearing cycles set forth in this policy.
Transaction Rules & Settlement Mechanics
Woohoo Xyz supports verified electronic payment rails across India, including Unified Payments Interface (UPI QR & Collect), Domestic Debit Cards, Credit Cards, Prepaid Cards, Net Banking across major Indian lenders, Cardless EMI, Pay Later facilities, and American Express (AMEX). Our checkout engine uses payment method isolation: when you select an instrument on our portal, the gateway checkout displays only that chosen payment method to prevent accidental authorization over unintended rails.
Every transaction is subject to a clear, pre-calculated settlement surcharge determined by the selected clearance schedule (e.g., T+2 Business Days at 2.75% or T+3 Business Days at 2.50%). Because the American Express (AMEX) network incurs higher interchange and gateway processing tariffs, an additional 1.00% surcharge is applied automatically when AMEX is chosen. The gross amount, total surcharge fee, and exact net settlement figure are displayed in real time in the live calculation summary prior to payment submission.
All transactions are encrypted and processed through certified, PCI-DSS Level 1 compliant gateway aggregators (such as Razorpay). Woohoo Xyz never collects, handles, or stores sensitive financial credentials, including full card numbers, CVVs, expiration dates, or UPI/banking PINs. Merchant references appear officially as WOOHOO XYZ on authorization windows.
Before authorizing a transaction, payers must verify the target beneficiary bank details using our integrated real-time IFSC validation tool. Payers are solely responsible for ensuring the accuracy of the entered account number, confirmation digits, and beneficiary identity. Woohoo Xyz accepts no financial or legal liability for funds cleared to incorrect bank accounts resulting from erroneous data submitted by the user.
Once a payment is successfully authorized and captured by the payment gateway, it enters an automated, irreversible clearing queue and cannot be cancelled, modified, stopped, or recalled under any circumstances. Surcharge fees and net settlements are calculated on captured transaction values, and funds are cleared directly into destination accounts per the chosen settlement timeline.
If funds are debited from your bank account, card, or wallet but the transaction fails to capture due to server timeouts, network drops, or bank authentication glitches, the money is held in transit by the intermediary banking switch and does not reach Woohoo Xyz. These deducted funds are automatically restored to the original payment source within 5 to 7 working banking days per Reserve Bank of India turnaround frameworks. For delayed reversals, payers can monitor the reference ID directly through the official Razorpay Support desk.
Upon successful payment capture, an official computerized PDF invoice is generated on-screen, containing a unique system invoice number, Razorpay payment reference, beneficiary details, and complete surcharge breakdowns. Simultaneously, dual-channel electronic receipts are dispatched through EmailJS to the payer's email address and our operational accounting records.
Woohoo Xyz reserves the right to revise or update this Payment Policy at any time without prior written notice to align with banking network changes, gateway fee adjustments, or statutory directives. Continued use of our payment portal constitutes full acceptance of the prevailing terms.
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