Escrow & Payout Terms

Rydemor acts solely as a limited payment collection agent for Hosts. Rydemor: • Is not a bank • Is not a licensed financial institution • Does not provide escrow banking services • Does not hold funds in trust • Does not provide investment services Payments collected from Renters are processed via third-party payment processors. Funds are held temporarily for settlement purposes only.

When a Renter makes a booking: • Full payment may be charged at booking confirmation. • Funds are processed through third-party payment gateways. • Rydemor deducts applicable service fees before payout. Payment authorization constitutes consent for fund processing.

Funds may be temporarily held for: • Fraud screening • Identity verification • Chargeback risk review • Damage claim window • Compliance checks Rydemor reserves the right to delay payouts for risk management purposes.

Unless otherwise stated: • Payouts to Hosts will be initiated after rental commencement. • Additional delay may apply until rental completion. • Further delay may apply if damage claims are reported. Actual receipt of funds depends on banking systems. Rydemor is not responsible for bank processing delays.

Rydemor may withhold part or all of payout funds if: • A damage claim is submitted • Fraud is suspected • A chargeback is initiated • Identity verification is incomplete • Regulatory review is required Funds may remain on hold until dispute resolution or risk clearance.

If a Renter initiates a chargeback: • Rydemor may recover the disputed amount from the Host. • Future payouts may be offset. • The Host may be required to provide documentation. Hosts acknowledge that chargeback risk is inherent in card-based transactions. Rydemor does not guarantee successful chargeback defense.

For international transactions: • Currency conversion may occur. • Exchange rate differences may apply. • Rydemor is not liable for exchange losses. Payment processors determine exchange rates.

Hosts are solely responsible for: • Declaring rental income • Paying applicable taxes • Obtaining required tax registrations Rydemor may withhold amounts if legally required.

Rydemor may: • Cancel bookings • Freeze accounts • Reverse transactions • Withhold payouts • Request additional documentation If fraud is confirmed: • Accounts may be terminated • Funds may be permanently withheld • Legal action may be initiated

You acknowledge that: • Funds held by Rydemor are not trust funds. • No fiduciary relationship is created. • Rydemor's role is administrative and facilitative only.

Rydemor may deduct: • Service fees • Commission percentages • Payment processing charges • Dispute handling fees Fee structure may change with notice.

All payments are subject to: • Payment gateway terms • Card network rules • Anti-money laundering checks • Fraud monitoring systems Rydemor is not liable for processor outages or restrictions.

To the maximum extent permitted under Sri Lankan law, Lithic Labs (Pvt) Ltd shall not be liable for: • Payment delays • Bank errors • Processor declines • Fraud losses • Chargebacks • Indirect or consequential damages Total liability shall not exceed service fees paid in the preceding six (6) months.

If an account is suspended: • Funds may be held for investigation. • Payouts may be delayed for up to 180 days in case of chargeback risk. • Outstanding disputes must be resolved before release.

These Terms are governed by the laws of Sri Lanka. Dispute resolution provisions under the Terms of Service apply.