India's First and Leading

Online Payment Gateway

for Apartment & Villa Communities

HASSLES OF CHEQUE AND BANK TRANSFER1. Manual Collection of Cheques from the Collection Box2. Creating Deposit Challans accurately3. Walking the Cheques to the Bank4. Entering the Cheques in the Accounting System5. Reconciling each Cheque6. Processing Returned Cheques, Lost Cheques, managing Late

Payment Penalty for the disputed Cheques7. Very High Bank Charges for Bounced Cheques8. Creating and Distributing Receipts to the Flats9. For direct Bank Transfers, every Member must know correct

Society bank details10. Member lives in uncertainty after making Bank Transfer – Receipt

comes only after Bank reconciliation by Society11. Managing Suspense payments, due to Bank Transfer/Cheques

without Name or Flat Number.

THE HIDDEN COST!

The average Cost of processing each Cheque or Bank Transfer:

Rs.75/ TRANSACTION

If yours is a 200 Apartment Complex, with Quarterly Billing, in a year you are spending:

Rs.60,000 / YEAR

HOW DOES ADDA PAYMENT GATEWAY WORK?

ADVANTAGES OF ADDA PAYMENT GATEWAY

1. Resident gets instant Receipt2. Accounting Entries happen automatically in the system.3. Bank Charges for Bounced Cheques etc. completely avoided.4. All Manual Efforts of Cheque Collection, Deposit Slips, etc. are

eliminated.5. Money reaches bank in T+2 days, not dependent on when the

cheque is deposited / en-cashed.6. Easy Collection of small-ticket items such as Festival

contributions, Facility booking, Move-In/Out charges etc.7. Some Residents prefer to pay by credit card (delayed outgo,

younger generation pays only using plastic money)8. Collection of electricity/water charges from in-house vendors –

such as Grocery shop, Daycare, Parlor etc. – can be free of manual intervention

TOTAL COST OF ADDA PAYMENT GATEWAY

Setup Cost to Association Rs.5,000/- One-Time payment

Convenience Charge paid by Residents per transaction:Debit Card: 1% Credit Card: 2% NetBanking: Rs.22/-

Service Tax of 12.36% extra on above charges.

CALL US!

92233-11999sales@apartmentadda.com

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