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How does Advance work?
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We work closely with PropNex to provide commission advance services (projects, resales, and rentals) to PropNex property agents.
When a cash out request is submitted by a PropNex agent, LytePay will proceed with transferring the requested payment amount to the PropNex agent’s registered bank account.
Sign up for free here, using your agency-registered email address and mobile. Ensure that your email address, mobile, agency, identity (via SingPass), and bank account are verified.
No. If you do not submit a cash out request via LytePay, PropNex will continue to pay you the usual way.
We charge a one-time flat fee of 4.5% for the amount you withdraw, per transaction.
For example, if you cash out $1,000, you only pay $45 for the processing fee.
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.