Payment & Wallet Terms
Governs the SYIBE wallet, top-ups, authorisation holds, charges, failed payments and balance handling. Written provider-neutral so a payment provider can be added without rewriting the terms.
- Dependency class
- B · Provider-dependent
- Needs final payment, KYC, maps, telecom or IoT provider details.
- Consent
- Required acceptance
- Payment / wallet setup
- Not revocable while the account is active
Version 0.1-draft · v1 Working Draft — frozen
Draft clauses
Payment & Wallet Terms
- 01
The wallet is a prepaid balance for SYIBE services; it is not a bank account, pays no interest and is not transferable between accounts.
- 02
An authorisation hold may be required before unlock; it is released or converted to a charge after the ride.
- 03
Charges are taken from wallet balance first, then from an authorised payment method where available.
- 04
Insufficient balance or a declined payment blocks new rides until the outstanding amount is settled; the account may be restricted.
- 05
Every movement is recorded in an itemised ledger with a receipt available in the application.
- 06
Currency, fees, top-up limits and any expiry of promotional credit are stated in the application.
Open questions for legal review
- Selected payment provider(s), settlement currency and any local e-money classification.
- Whether stored balance is refundable and any minimum top-up.
These documents are professional working drafts prepared for the SYIBE operating model. They are not legal advice and are not approved production legal language. Before public launch, every jurisdiction-sensitive document must be reviewed by qualified local legal counsel once the corporate entity, regulatory classification, municipal permissions, insurance structure, payment provider, KYC provider and hardware structure are finalised.