Terms & Conditions
Last Updated: June 15, 2026. Review rules, escrow liabilities, and account guidelines for Lottmart.
1. User Onboarding & Verification
By downloading the application and signing up, you agree that you are a verified business entity, sole proprietor, or authorized promotional agent operating in India. You must complete our mandatory multi-point KYC, submitting a valid tax registration number (GSTIN) or corporate business certification prior to conducting transaction lot operations.
2. Lot Deals & Execution Conditions
Distributors agree that once a lot deal is published inside the app and successfully filled by retailers, they are legally obligated to honor the pricing brackets and ship inventory batches within the defined timeline parameters. Retailers agree to maintain sufficient funds in their escrow profile to complete purchases when a target lot is filled.
3. Escrow and Funds Protection
To secure transactions, Lottmart holds retailer funds in safe escrow pools. Capital is cleared to the distributor's payout bank account only after the buyer confirms receipt of freight count and quality verification. If a retailer fails to raise a dispute ticket within 48 hours of dispatch delivery receipt, the escrow funds are automatically cleared to the distributor.
4. Promoter Wallets & Commissions
Promoters receive referral margins credited directly to their Commission Wallet after successful escrow release. Lottmart reserves the right to lock wallet withdrawals if promotion links are found to be distributed via spam, scraping channels, or fraudulent routing setups.
5. Limitation of Liability
Lottmart acts as a matching escrow portal for lot clearing. We are not liable for manufacturer product warranties, freight damage during transit (unless utilizing Lottmart Logistics), or regional distributor-retailer contract breaches. Disputes will be handled according to our standard arbitration procedures.