Payment Terms & Conditions
At Nexbyt Technology, we believe in clarity, fairness, and accountability in every transaction.
1. Payment Structure
Our payment process is divided into three clear stages aligned with project milestones to ensure transparency and mutual commitment throughout the development lifecycle.
Initial Deposit
Paid before work begins. This secures your project slot and covers initial planning, setup, and early-stage development.
Midway Payment
Due upon completion of the first major phase or module. This ensures continuous development and resource allocation.
Final Payment
Made upon completion and final approval of the project, prior to deployment or transfer of ownership.
2. Phase-Based Billing
Our projects are structured into phases, each representing a completed portion of the total work. This approach ensures clarity and measurable progress throughout the project lifecycle.
-
Immediate Payment Upon Completion
Once a phase is completed, payment for that phase becomes due immediately to maintain project momentum.
-
Non-Refundable Payments
Payments for completed or ongoing phases are non-refundable, as they cover time, labor, and intellectual resources already utilized.
-
Sequential Development
Development of subsequent phases will only begin after full payment for the preceding phase has been received and cleared.
3. Refund Policy
Clients are encouraged to review progress and deliverables at each stage before moving to the next phase. This ensures satisfaction and accountability throughout the project lifecycle.
We maintain transparent communication and provide regular updates to ensure clients are fully informed about project progress at every milestone.
4. Additional Costs
We believe in transparent pricing and clear scope definition. Any modifications or additions to the originally agreed scope will be handled professionally and transparently.
-
Scope Changes
Any new feature, module, or major modification outside the agreed scope will attract additional charges.
-
Client Approval Required
All additional charges will be discussed and approved by the client before implementation begins.
-
Transparent Quoting
We provide detailed quotes for any additional work, ensuring complete transparency in pricing.
5. Accepted Payment Methods
For your convenience, Nexbyt Technology accepts multiple payment channels to accommodate clients from different regions and preferences.
6. Late Payments
Timely payments are essential for maintaining project momentum and ensuring we can allocate resources effectively to deliver your project on schedule.
-
Project Continuity
Timely payments ensure uninterrupted project flow and maintain development momentum.
-
Payment Deadlines
Late payments beyond the agreed deadline may result in a temporary suspension of work until payment is received.
-
Persistent Delays
Persistent payment delays could affect delivery timelines or lead to a pause in all project-related activities until outstanding balances are cleared.
7. Ownership & Delivery
We maintain clear protocols for intellectual property rights and project delivery to protect both our clients' interests and our creative work.
-
Transfer of Ownership
Full ownership, source code access, or deployment rights to the project are transferred only after the final payment is received in full.
-
Intellectual Property Protection
Until final payment is received, all intellectual property, including source code, designs, and documentation, remains the sole property of Nexbyt Technology.
-
Delivery Protocol
Project delivery occurs only after all payments are completed, ensuring a smooth and secure handover process.
Have Questions About Our Payment Terms?
Our team is here to provide clarification and ensure complete transparency in all our business relationships.