Payment & Payout Policy
Official disclosure of Ethiopian payment channels, pass-through fee schedules, the 100% Net Withdrawal Guarantee, and withdrawal requirements.
1.Zero Platform Markup Principle
1.1. Zero Deposit Markup: Abay Chess levies **0.00 ETB** on all incoming player deposits.
1.2. Zero Withdrawal Markup: Abay Chess levies **0.00 ETB** internal markup on player payouts.
1.3. Platform operating revenue is generated exclusively through a 10% commission rake on decisive winning match pots.
2.The 100% Net Withdrawal Guarantee
2.1. When you request a withdrawal of X ETB, you will receive exactly X ETB in your bank account or Telebirr mobile wallet.
2.2. Verified provider network transfer fees (F) are transparently quoted and reserved from your available wallet balance (X + F) at the time of request.
2.3. Bank Fee Variances:
- Under-Collection: If the bank debits an actual transfer fee higher than the quoted fee (f > F), Abay Chess absorbs the discrepancy into Account 5010 (Provider Fee Expense). Your net payout X is never deducted or impaired.
- Over-Collection: If the bank charges less than the quoted fee (f < F), the difference (F - f) is immediately credited back to your wallet balance (Account 2010).
3.Official Channel Tariffs & Schedules
All tariffs reflect published schedules and verified pass-through rates:
Telebirr (Ethio Telecom Peer-to-Peer Transfer)Active Channel
| Amount Band | Provider Fee | Status |
|---|---|---|
| 101.00 – 500.00 ETB | 1.00 ETB | Verified |
| 501.00 – 1,000.00 ETB | 2.00 ETB | Verified |
| 1,001.00 – 2,000.00 ETB | 4.00 ETB | Verified |
| 2,001.00 – 5,000.00 ETB | 6.00 ETB | Verified |
| 5,001.00 – 10,000.00 ETB | 8.00 ETB | Verified |
| 10,001.00 – 25,000.00 ETB | 10.00 ETB | Verified |
Commercial Bank of Ethiopia (CBE Account-to-Account)Active Channel
| Amount Band | Provider Fee (incl. 15% VAT) | Status |
|---|---|---|
| 1,001.00 – 5,000.00 ETB | 1.15 ETB (115 santims) | Verified |
| 5,001.00 – 10,000.00 ETB | 2.30 ETB (230 santims) | Verified |
| 10,001.00 – 50,000.00 ETB | 3.45 ETB (345 santims) | Verified |
| 50,001.00 – 100,000.00 ETB | 5.75 ETB (575 santims) | Verified |
4.Withdrawal Minimums & First-Time Player Eligibility
4.1. Minimum Withdrawal Limit: Standard ordinary withdrawals require a minimum requested amount of **100.00 ETB (10,000 santims)**.
4.2. Account Closure Exception: If your total legitimate wallet balance is below 100.00 ETB, you may execute an account closure withdrawal for your entire remaining balance.
4.3. First-Time Withdrawal Rule: To prevent money laundering and collusive cashout abuse, players must successfully complete at least **three (3) legitimate, non-abandoned chess matches** prior to their first withdrawal. Your deposited funds remain 100% safe and are never forfeited.
4.4. High-Value Withdrawals (> 2,000 ETB): Withdrawals exceeding 2,000.00 ETB trigger mandatory operational review with an SLA of up to 6 hours during daytime (08:00–20:00 EAT) and up to 12 hours overnight. Standard withdrawals are processed in 1–2 hours.