CHESSWYZE

Online Chess Tournaments

Chess2025-07-07T07:00:18+00:00

Frequently Asked Questions (FAQ)

Can I join multiple tournaments?2025-07-07T05:43:43+00:00

Yes. You can join as many tournaments as desired.

However, every tournament requires an entry fee, so please ensure you are available for the tournament at start time to avoid losing the entry fee.

Is the entry fee including GST?2025-07-07T05:41:53+00:00

Yes. The entry fee includes GST and all applicable charges. The fee amount written in tournament description is the exact amount you pay for the tournament.

Are there prizes for 2nd and 3rd places?2025-07-07T05:42:19+00:00

There are prizes for players who win at least 2 matches. The entire prize amount earned during the tournament is credited to your wallet at the end of the tournament.

Please also note that while you can win some prize money just by winning 2 matches, winning the tournament earns you an amount much larger than the other winners.

How do I withdraw my prize money?2025-07-07T05:42:40+00:00

Prize money can be withdrawn using the wallet option in the app.

  1. Open the app
  2. Open hamburger menu on top left
  3. Select “Wallet” option. The wallet will show your current wallet amount.
  4. Enter a value in multiples of 100. Currently the withdrawal can only happen in multiples of 100.
  5. Click on “Withdraw”
  6. Provide your banking details. We do not store any financial information, so banking details need to be provided every time a withdrawal is requested.
  7. Once banking details are provided, the requested money will be transferred to bank account within 10 days.
Is prize money taxable?2025-07-07T05:42:54+00:00

Yes. As per Indian laws, the prize money beyond a certain limit is taxable @30%.

TDS will be deducted as applicable before prize money is transferred to player’s bank account.

Do I have to make payment separately for each tournament?2025-07-07T05:43:04+00:00

No. It is not necessary to make separate payment for registering on individual tournaments.

In fact, it is recommended to add money to your wallet in bulk as it allows a much quicker registration process for each tournament.

You can add money to wallet in multiples of 100 only. On the other hand, individual payment for a tournament allows you to pay only the entry fee amount, which may or may not be a multiple of 100.

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