We accept online payments for e-merchants via two independent options.

a) Credit Cards: We accept the following credit cards. Visa, MasterCard, American Express, Diners Club, JCB and Citibank E-Cards. These could be issued in India or anywhere else in the world, it really does not matter. If a sub merchant has signed up under our economy scheme he gets Rs 93/- in hand for every Rs 100/- worth of his transaction, done on a credit card by his customer. If a sub merchant has signed up under our premium scheme he gets Rs 95/- in hand for every Rs 100/-, worth of his transaction done on a credit card by his customer. Nothing more is payable by the sub merchant in both instances.

b) Through a direct debit of an Online Bank Account in India. We currently support HDFC Bank, Citibank,ICICI infinity, UTI iConnect, IDBI and Centurion Bank customers. Which means that a customer may use his bank account for paying our sub merchant. When a our merchant receives payment through this route he gets Rs 96/- for every Rs 100/- worth of transaction done by his customer, irrespective of the type of scheme he has subscribed to i.e. economy or premium. Nothing more is payable by the sub merchant. There is no question of any clubbing of the two, both are counted as two separate transactions. To get your payments you need to "capture " your transaction from the accounting module.

PAYMENT CYCLE:

You have 12 days from the receipt of the orders to execute and capture the order amounts. If your business model demands that you capture the amount in advance for future delivery i.e. a period beyond 12 days from receipt of the order, and your customer is explicitly agreeable to this, then you may do so before the 12th day. Orders not captured will not be reflected in your account after this. Orders can be accessed by logging into your Account with the username and password registered on sign-up. All orders shipped/executed until Thursday midnight IST are processed for payment the following day. Transactions are then paid-out to your designated bank account by depositing cheques in Mumbai to your bank account (if your bank permits it) or by sending you a Citibank at par cheque, encashable in your city, by courier to reach you no later than the next Monday or Tuesday.

Modes of payment to choose from :

a) Sub-Merchants holding an account with the following banks can opt for direct credit to their accounts with any branch in the country by requesting us to deposit a Mumbai cheque:- HDFC Bank Limited, ICICI Bank Limited , UTI Bank Limited, Citibank, Standard Chartered ANZ Grindlays, Global Trust Bank, Centurion Bank, ABN Amro Bank, IDBI Bank and any other bank which allows us to deposit cheques to your current /personal account directly from Mumbai.

b) Citibank at par cheque payable as a local cheque in your city dispatched on Friday evening by courier.

Minimum Balance Requirement:

On commencement of the account will retain the first Rs 1000/- as a minimum balance requirement for keeping your account in live mode, in the same way as a bank account operates. Subsequently all and any amount over this will automatically get paid out.

Features :

	Set Up fee is a one time fee only.
	Facility to upgrade from economy scheme to premium scheme by paying the difference in set up fees. No changes to be made at your end.
	Shopping Cart and other services available to both schemes.
	Both Schemes to have access to complete online Sub Merchant Account Management , with a central reporting facility on every transaction. This includes reports on sales, credits, voids Πto support non-repudiation, balancing, portal settlement reporting, processor settlement reporting and other back office functions.
	Visibility into transaction level information is protected by passwords.
	Processing, bank charges, courier and installation charges @Rs.1000 will be charged extra.
	If shopping cart creation and installation will be charged extra.
	If complete website is developed by us in E-commerce form then shopping cart charges will not be charged.

a) Credit Cards: We accept the following credit cards. Visa, Mastercard, Citibank eCard, American Express, Diners Club and JCB. If sub merchant has signed up under our economy scheme, we will credit his designated US Dollar account with US Dollar 93 for every US Dollar 100 worth of transaction, done on a credit card by his customer. In case the sub merchant has signed up for our premium scheme, we will credit his designated account with US Dollar 95 for every US Dollar 100 worth of transaction.

PAYMENT CYCLE:

You have 12 days from the receipt of the orders to execute and capture the order amounts. If your business model demands that you capture the amount in advance for future delivery i.e. a period beyond 12 days from receipt of the order, and your customer is explicitly agreeable to this, then you may do so before the 12th day. Orders not captured will not be reflected in your account after this. Orders can be accessed by logging into your Account with the username and password registered on sign-up. All orders shipped/executed until Monday midnight IST are processed for payment on the following Friday. Transactions are then paid-out by either of two methods as chosen by you on our Merchant Control Panel:

a) A US Dollar cheque payable at Singapore, dispatched within 48 hours of your chosen payment schedule by First Class Airmail to your office located anywhere in the world. This option is available at a nominal delivery charge of US Dollar 1 per delivery. You may also opt for next day delivery by courier service billed at actuals (this may range from USD 8 to USD 12 based upon the geographic location). Clearance of this cheque into your bank account may entail a separate clearance period & transaction fees. Please check with your local bank on the process time required and the amount of collection fees levied for the credit.

b) A US Dollar wire transfer to any bank of your choice. Details of this may be configured in the settings and options feature of the M.A.R.S.(Merchant Accounting & Reporting System). A charge of US Dollar 10 is applicable per transfer. Funds will be credited automatically in the denominated currency of the specified account at a rate of exchange applied by your bank.

Payment Cycles:

a) 7 days
b) 14 days
c) 28 days

All orders captured till Monday midnight will be paid out on Friday. A 5% Rolling Reserve will be maintained for 180 days.

Minimum Balance Requirement:

On commencement of the account will retain the first Rs 1000/- as a minimum balance requirement for keeping your account in live mode, in the same way as a bank account operates. Subsequently all and any amount over this will automatically get paid out.

Features :

	Set Up fee is a one time fee only.
	Facility to upgrade from economy scheme to premium scheme by paying the difference in set up fees. No changes to be made at your end.
	Shopping Cart and other services available to both schemes.
	Both Schemes to have complete access to the online CCAveune™ Merchant Accounting and Reporting System (M.A.R.S.) benefits that comprises a central reporting facility on every transaction, including reports on sales, credits, voids Œ to support non-repudiation, balancing, portal settlement reporting, processor settlement reporting and other back office functions
	Visibility into transaction level information is protected by passwords.
	Processing, bank charges, courier and installation charges @Rs.1000 will be charged extra.
	If shopping cart creation and installation will be charged extra.
	If complete website is developed by us in E-commerce form then shopping cart charges will not be charged.