LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act to provide (i) account issuance service; (ii) domestic money transfer service; and (iii) cross-border money transfer service. Please note that this does not mean you will be able to recover all the money you paid to if LytePay’s business fails
No, LytePay is not a loan. It is simply an advance on your earned income. There are no interest charges to your advance requests.
The company whom you provided your service to must be a LytePay client before you are able to apply for an advance. You can register for free at LytePay, after we verify your identity, you will be able to request for instant payment (i.e. commission advance). Your request will then be reviewed within 1-3 business days. Even after the approval process, you may still choose to accept or decline the commission advance. Should you choose to proceed, you will receive your commission advance within 1-3 business days of acceptance.
In most instances of project sales, you may request up to 80% of your net commission. This varies from agency to agency.
We charge a one-time fee that is dynamically calculated. The fee will be clearly displayed on your request form before you submit your request and will be displayed once again before you choose to accept the request.