These Payee Terms ("Terms") govern the rights, obligations, liabilities, and operational rules applicable to any person or entity acting as a Payee in connection with the PayBito Paymaster (Escrow) product. These Terms form a binding agreement between HashCash Consultants LLC ("PayBito", "we", "our", "us") and the registered Payee ("Payee", "you", "your").
These Terms are in addition to the Merchant Terms of Use, applicable Escrow Contract terms, applicable PayBito fee schedules, and applicable dispute procedures. In case of conflict, these Terms shall govern the Payee's role.
1. Role of the Payee
The Payee is the designated recipient of funds held under an escrow contract.
The Payee May
- Receive escrow allocations
- Submit supporting documents
- Provide proof of performance
- Participate in disputes
- Receive released funds
- Withdraw released funds
The Payee Does Not Control
- Escrow creation
- Participant designation
- Approver designation
- Approval thresholds
- Funding structure
- Release logic
...unless separately participating in another role. The Payee acknowledges that the escrow is controlled by the contract structure established by the Payer.
2. Payee Participation
A Payee becomes an active participant in an escrow contract upon being designated by the Payer and completing required platform acceptance where applicable.
Payee Participation May Require
- Merchant registration
- Identity verification
- Acceptance of applicable Payee Terms
- Compliance verification
PayBito May Refuse Payee Participation Where Required By
Compliance Rules
Participation must comply with applicable regulatory standards.
Sanctions Screening
Participants are screened against applicable sanctions lists.
Operational Restrictions
Platform operational limitations may apply.
Fraud Controls
Participation is subject to fraud prevention checks.
3. Payee Designation
A Payee may be designated as a sole Payee or as one of multiple Payees.
The Payer May Assign
- Payout allocations
- Milestone allocations
- Release conditions
- Custom contractual obligations
PayBito may rely exclusively on system-recorded Payee designations. PayBito shall not be responsible for errors made by the Payer in assigning Payees.
4. Payout Allocation
Where multiple Payees are designated, each Payee shall receive the allocation recorded in the escrow contract.
Payout Allocations May Be
Fixed Percentage
Milestone-Based
Conditional
Split-Dispute Based
Arbitrated
PayBito shall execute distributions according to the final platform-recorded allocation. Allocation percentages may differ from the commercial agreement between parties. PayBito shall not interpret off-platform arrangements.
5. Release Dependency
The Payee acknowledges that all payments under escrow are conditional. Funds shall only be released upon satisfaction of the escrow's release conditions.
Release Conditions May Include
- Approver approvals
- Milestone completion
- Date triggers
- Custom conditional logic
- Dispute resolution
- Platform override
The Payee has no unilateral right to demand release. Release authority is governed by the escrow contract.
6. Acceptance of Escrow Logic
By accepting participation as a Payee, the Payee acknowledges and accepts:
- The designated Approvers
- The approval threshold
- The release conditions
- The payout structure
- The milestone logic
- The dispute framework
The Payee agrees to be bound by these operational terms. Failure to object prior to acceptance constitutes acceptance of the escrow structure.
7. Release Currency
Escrow releases shall be made in the same currency in which the escrow was funded.
PayBito does not automatically convert escrow release currency at the point of release unless the escrow contract or withdrawal process explicitly requires conversion. Where multiple funding sources or currencies exist, PayBito may determine the operational settlement currency.
PayBito's settlement determination shall be final.
8. No Guaranteed Payment
The Payee acknowledges that being designated as a Payee does not guarantee payment. Payment remains contingent upon:
- Fulfillment of release conditions
- Contract performance
- Dispute outcomes
- Compliance checks
- Fraud reviews
- Operational approvals
PayBito does not guarantee that the Payee will receive all or any portion of the escrow funds.
9. Platform Role
PayBito's role is limited to:
- Escrow administration
- Custody management
- Release execution
- Dispute administration
- Compliance enforcement
- Fraud controls
PayBito Is Not
- A guarantor of payment
- A guarantor of performance
- A commercial participant
- A contracting party to the underlying transaction
The Payee acknowledges that all underlying commercial obligations remain between escrow participants.
10. Withdrawal Rights
Upon valid release of escrow funds, the Payee may initiate withdrawal of the released funds through supported withdrawal methods made available by PayBito.
Withdrawal Rights Arise Only After
- Escrow release is completed
- Funds are credited to the Payee balance
- Applicable holds are satisfied
- Compliance checks are completed
- Fraud reviews are cleared
Release of funds into the Payee account does not always mean immediate withdrawal eligibility.
11. Supported Withdrawal Methods
PayBito may support withdrawals through:
Cryptocurrency Withdrawal
Bank Transfer Withdrawal
Other Supported Payout Rails
Available Withdrawal Methods May Vary Based On
- Jurisdiction
- Asset type
- KYC level
- Compliance requirements
- Banking availability
- Operational limitations
PayBito reserves sole authority to determine available withdrawal methods.
12. Withdrawal Fees
All Payee withdrawal fees shall be governed by the PayBito Paymaster (Escrow) fee schedule published at the official PayBito Exchange Fees page.
| Fee Category | Governed By |
|---|---|
| Crypto withdrawal fees | PayBito fee schedule |
| Bank withdrawal fees | PayBito fee schedule |
| Fiat withdrawal fees | PayBito fee schedule |
| Network fees | PayBito fee schedule |
| Operational charges | PayBito fee schedule |
View the current schedule at PayBito Exchange Fees. The fee schedule effective at the time of withdrawal shall govern. PayBito may modify such fees at any time.
13. Crypto Withdrawals
Where the Payee elects crypto withdrawal, the Payee acknowledges:
- Withdrawal fees may vary by asset
- Blockchain network fees may vary
- Network congestion may delay settlement
- PayBito does not control blockchain confirmation times
- Incorrect wallet details may result in irreversible loss
The Payee Bears Sole Responsibility For
Completed crypto withdrawals are final and irreversible.
14. Bank Withdrawals
Where the Payee elects fiat withdrawal, the Payee acknowledges:
- Bank processing times may vary
- Intermediary banks may impose charges
- Local banking regulations may delay settlement
- Banking compliance reviews may apply
- Beneficiary verification may be required
PayBito Is Not Responsible For Delays Caused By
Completed fiat withdrawals are final once released into banking rails.
15. FX Conversion on Withdrawal
Where withdrawal requires conversion between currencies, the applicable exchange rate shall be:
Market Rate + Applicable PayBito Markup
As published under the PayBito Paymaster (Escrow) fee schedule. View the current schedule at PayBito Exchange Fees.
The Payee Acknowledges
- FX spreads may change from time to time
- Rates are determined at execution
- Completed FX conversions are final
PayBito shall not reverse completed FX conversions.
16. Card-funded Escrow Hold Period
Where escrow funding originated through payment cards, the Payee acknowledges that released escrow funds may remain subject to a holding period from the date of the original card transaction:
90
Calendar Days Hold Period
This Hold Exists to Manage
During this period, the Payee may view released balances but may not withdraw held amounts. PayBito may extend such hold where elevated risk exists.
17. Settlement Finality
Once escrow funds have been released, credited, withdrawn, or settled, the Payee acknowledges such settlement is final unless reversal is required due to:
- Fraud
- Chargebacks
- Sanctions
- AML intervention
- Legal order
- Operational error
PayBito may reverse settlements where legally or operationally required.
18. Failed Withdrawals
Where a withdrawal fails due to:
- Incorrect bank details
- Incorrect wallet details
- Unsupported asset destination
- Rejected banking instructions
- Compliance holds
- Operational failures
PayBito May
- Return funds to the Payee balance
- Deduct applicable failed transaction fees
- Require resubmission
The Payee remains responsible for resubmission accuracy.
19. KYC and Compliance Dependency
Payee withdrawals remain subject to:
- KYC verification
- AML screening
- Sanctions screening
- Fraud reviews
- Source-of-funds reviews
- Jurisdictional restrictions
Where Reasonably Required, PayBito May
Failure to satisfy compliance requirements may result in indefinite hold or account restrictions.
20. Payee Representations regarding Withdrawals
The Payee represents and warrants that:
- All withdrawal instructions are accurate
- All destination accounts are lawfully owned or controlled
- Withdrawals are lawful
- Withdrawals do not violate sanctions laws
- Withdrawals do not facilitate unlawful conduct
- Funds are not being redirected for prohibited activities
PayBito may suspend or reject withdrawals where these representations are reasonably in doubt.
21. Performance Obligations
The Payee acknowledges that payment under an escrow contract may depend upon:
- Delivery of goods
- Delivery of services
- Completion of milestones
- Satisfaction of contract-defined obligations
- Compliance with inspection requirements
- Acceptance by designated Approvers
The Payee remains solely responsible for fulfilling any underlying contractual obligations. PayBito does not verify performance unless required under dispute procedures.
22. Proof of Performance
Where required under the escrow contract, the Payee may submit proof of performance, which may include:
Submission of proof does not itself trigger release. Release remains governed by escrow conditions.
23. Document Submissions
The Payee may upload documents in support of:
- Performance claims
- Milestone completion
- Dispute responses
- Dispute initiation
- Arbitration submissions
- Compliance reviews
PayBito may store, review, and use such documents for operational, compliance, dispute, or audit purposes. The Payee warrants that all submitted documents are accurate and lawful.
False Documentation May Result In
24. Payee Dispute Rights
The Payee may raise a dispute where the Payee reasonably believes:
- Release conditions were satisfied but funds were not released
- The Payer is acting in bad faith
- The Approver acted improperly
- Contract terms were materially breached
- Escrow conditions were manipulated
- Fraud occurred
Dispute rights are subject to PayBito's dispute framework. PayBito may reject abusive, duplicate, or unsupported disputes.
25. Dispute Response Rights
Where the Payer raises a dispute, the Payee shall have the right to:
- Receive notice of the dispute
- Submit written responses
- Upload supporting documents
- Contest allegations
- Submit counter-evidence
Failure to respond within the required dispute window may adversely affect the Payee's position. PayBito may determine response deadlines.
26. Dispute Fees
Any dispute-related fees applicable to the Payee, including but not limited to:
...shall be governed by the PayBito Paymaster (Escrow) fee schedule published at PayBito Exchange Fees. The applicable fee schedule in effect at the time of dispute shall govern. PayBito may modify such fees from time to time.
27. Platform Arbitration
Where PayBito acts as arbitration authority, PayBito may review:
- Escrow contract terms
- Payer submissions
- Payee submissions
- Approver actions
- Milestone records
- Transaction history
- Platform records
- Communication records
PayBito May Issue One of the Following Decisions
In Favor of the Payer
In Favor of the Payee
Split Decision
PayBito's arbitration decision shall be final for platform settlement purposes.
28. Split Decision Outcomes
Where PayBito determines that a split decision is appropriate, PayBito may divide escrow funds between:
...in any proportion deemed commercially, operationally, or equitably appropriate. Such allocation may override the original payout structure. The Payee agrees to be bound by such decision.
29. Refund Exposure
The Payee acknowledges that escrowed funds may be refunded to the Payer where:
- Contract conditions permit refund
- Disputes are resolved in favor of the Payer
- Fraud is determined
- Compliance intervention requires refund
- Payment reversals occur
The Payee shall have no right to prevent such refund where authorized under the escrow framework. Refund fees, where applicable, shall be governed by PayBito Exchange Fees.
30. Fraud Reviews
PayBito may suspend, delay, freeze, or review escrow funds where fraud indicators exist involving the Payee.
Fraud Indicators May Include
- Fake delivery claims
- False performance records
- Collusion
- Identity mismatch
- Sanctions exposure
- AML concerns
- Forged documents
- Suspicious withdrawal behavior
The Payee agrees to cooperate fully with fraud reviews.
Failure to Cooperate May Result In
31. Loss Allocation
Where losses arise due to:
- Payee fraud
- False representations
- Forged documents
- Unlawful withdrawal activity
- Sanctions violations
- Collusive activity
- Misappropriation of funds
...the Payee shall bear all resulting losses, costs, and liabilities.
PayBito May Recover Such Losses From
32. No Guarantee of Payment
PayBito does not guarantee:
- Payment to the Payee
- Release of escrow funds
- Satisfaction of release conditions
- Performance by the Payer
- Cooperation by Approvers
- Dispute outcomes
- Contract completion
PayBito's role is limited to escrow administration, custody, compliance, and operational settlement. PayBito is not a guarantor of the underlying transaction.
33. Limitation of Liability
To the fullest extent permitted by law, PayBito's total liability arising under these Terms shall be limited to the amount of escrow fees actually collected by PayBito in connection with the specific escrow contract giving rise to the claim.
Under No Circumstances Shall PayBito Be Liable For
This limitation applies regardless of legal theory.
34. No Agency
Nothing in these Terms creates a partnership, agency, fiduciary relationship, joint venture, or employment relationship between:
The Payee and PayBito
The Payee and the Payer
The Payee and Any Approver
The Payee acts solely as an independent contracting party. PayBito does not represent any escrow participant.
35. Termination
The Payee may cease use of the escrow product at any time. However, termination of account access does not terminate:
- Active escrow contracts
- Dispute obligations
- Fraud reviews
- Refund exposure
- Compliance obligations
- Pending settlements
- Unresolved arbitration
- Loss recovery rights
PayBito May Suspend or Terminate Access Immediately Where Necessary For
Termination shall not affect PayBito's custody, enforcement, or recovery rights.
36. Survival
The following provisions survive termination:
Survival remains effective until fully discharged.
37. Document Hierarchy
In the event of conflict, the following order of precedence shall apply:
- Escrow Contract-specific terms
- Payee Terms
- PayBito Paymaster (Escrow) Fee Schedule
- Merchant Terms of Use
- General PayBito platform policies
The higher-ranking document shall prevail. For fee disputes, the fee schedule effective at the time of the relevant transaction or withdrawal shall govern.
38. Governing Law
These Terms shall be governed by the laws of the jurisdiction designated by PayBito.
PayBito May Designate or Modify Governing Jurisdiction Where Necessary Based On
- Operational structure
- Legal requirements
- Regulatory requirements
- Product structure
Mandatory consumer protections, where applicable by law, shall remain unaffected.
39. Acceptance
By taking any of the following actions, the Payee acknowledges and agrees to these Terms in full:
Accepting Designation as a Payee
Participating in an Escrow Contract
Submitting Performance Evidence
Initiating Disputes
Receiving Escrow Releases
Withdrawing Escrow Funds
Continuing Use of the Escrow Product
Acceptance shall be deemed continuous throughout the Payee's participation in the escrow product.
