LytePay for PropNex Singapore
Gain control of your property commissions.
Access your income with a tap of a button and grow your business with greater control.
Try out for free How it works
PropNexians use LytePay with confidence
✓ 3.5% fee per cashout amount
✓ Only one transparent fee
✓ Only one flat fee
✓ No hidden fees
✓ No interest
✓ No approvals required
✓ Payout in 1 business day
✓ Not a loan
✓ No effect on your TDSR
✓ No effect on credit ratings
Trusted by PropNexians
“LytePay allows me to safely advance my resale comms at a low rate, so I can reinvest back into my marketing to grow my business.”
Branch District Director, PropNex Singapore
⭐⭐⭐⭐⭐
Access your outstanding commissions with a tap of a button
With a glance, know at any time the total amount you can cash out. We call this your LyteMoney balance.
Keep track of all your commissions within the platform
Our integration with your agency allows you to view each of your completed resale deals at a glance. No need to switch between websites or apps!
LytePay will also allow you to connect other sources of income in future, becoming a hub to easily manage all your income.
Choose any amount you want to cashout
Slide the bar to cash out what you need, when you need it.
LytePay charges an upfront flat fee of 3.5% of your cashout amount. For example, if you cashout $1,000, your one-time fee is $35 only. You will never be charged interest or other hidden fees.
Your business account, simplified.
A dedicated card for your business expenses makes accounting a breeze. Never overpay on tax again!
Top up your Lyte’s Talent Card directly from your LyteMoney. Use it instantly anywhere that accepts Mastercard on whatever you fancy.
Frequently asked questions
About LytePay
How does LytePay work with PropNex?
LytePay works closely with PropNex to provide commission (resale only) advance service to PropNex property agents.
Can I sign-up to look-see?
Yes, you absolutely can. After you sign up and complete your PropNex verification, you will be able to see your LyteMoney balance. This is the potential amount that you can cashout.
If I sign-up, does that mean all commissions will now go through LytePay?
PropNex will continue paying your commissions directly to you if you don’t initiate a cashout on LytePay. Simply sign up now so you can access your LyteMoney whenever you need it!
How do I sign-up?
Visit https://web.lytepay.co/register to sign-up for free with the same email address and mobile registered with PropNex.
About your LyteMoney
What is LyteMoney?
LyteMoney represents a portion of your total eligible outstanding commissions due to you. LyteMoney is capped at 80% of your total eligible outstanding commissions.
Is LyteMoney a loan?
LyteMoney is not a loan. LytePay is a service that allows you to advance your commissions at a flat-rate fee. There will never be interest charges to your advance cashout.
How is LyteMoney calculated?
LyteMoney’s algorithm will determine the amount of LyteMoney available to you now. Once a sale has been invoiced and the invoice date is today or has passed, 80% of your total commissions for this transaction will be added to LyteMoney. If your invoice date is in the future, it will depend on various factors and a range of 20-80% of your total due commissions will be added to your LyteMoney balance. You can cashout any amount you wish from your LyteMoney balance. Your LyteMoney will change on a daily basis.
Rest assured, when your LyteMoney increases, you’ll be notified via email and SMS too.
Cashout your LyteMoney
What’s the processing fee for LyteMoney cashout?
We charge a flat-fee of 3.5% per cashout amount. For example, if you cashout $10,000, the fee is only $350. There are no other hidden charges or interest.
How do I find out the amount that I can cash out (ie. my LyteMoney balance)?
Firstly, register for free at LytePay. You will be asked to verify your identity with your mobile number, email, MyInfo, and CEA number. Once you’ve completed your PropNex verification on LytePay, you will be able to see your LyteMoney balance.
How do I cash out from my LyteMoney balance?
Once you’ve logged into your LytePay account, click on the “Cash out” button on the dashboard. This will take you to the cash out form. Slide the button to submit your cashout.
How fast does LytePay pay out to me once I’ve submitted my cashout?
We pay out within 1 business day via FAST transfer. You will receive an email and SMS notification once we’ve paid out to you.
Is there a maximum or minimum amount I can cashout?
You may cashout up to $100,000 per cashout. There’s a minimum of $500 cashout amount.
Can I only cash out from a specific commission?
No. Your cashout is not linked to a specific commission. Hence, the repayment from PropNex to LytePay is also not linked to a specific commission. PropNex will deduct from your next resale or rental commission to repay back your outstanding amount on LytePay. This is done automatically.
Repayment by PropNex to LytePay
What’s the repayment process between PropNex and LytePay?
On a first-in-first-out basis, PropNex will deduct from your next resale or rental commission to repay back your outstanding amount on LytePay. This is done automatically between PropNex and LytePay. There’s no extra manual work required by PropNex agents to repay LytePay. Your cashout is not linked to any specific commission.
What will happen to my remaining commission (after I’ve cashed out from LytePay)?
As long as you have an outstanding amount on LytePay, PropNex will continue to deduct from your next resale or rental commission to repay back your outstanding amount on LytePay.
Your remaining commission may or may not be deducted to repay back your outstanding amount on LytePay.
Where can I check my outstanding amount owing to LytePay?
You can check your outstanding amount owing to LytePay on the Transactions page. Or you can visit here: web.lytepay.co/transactions.
Other terms and conditions
Is LytePay licensed by the Monetary Authority of Singapore (MAS)?
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.
Are there any other terms and conditions that I should be aware of?
You may refer to our Policy Centre at https://www.lyteventures.com/legal/ to find out more.
LytePay has processed more than $50m of income for real estate agents and we’re just getting started.
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