PRICING AND TYPES OF SCHEMES
Depending on your business model, you may choose
any one of the three schemes available:
|
Type of Scheme |
Set Up fees [One time,
non refundable]* |
Annual
Software Maintenance
Cost (ASMC)**
(Payable in April every year OR on Pro Rata basis
thereof) |
TDR***
MasterCard/ Visa/Debit Cards |
TDR***
Amex/JCB/ITZ Cash/Mobile Payment |
TDR***
Net Banking |
Privilege
Scheme |
Rs. 40000/-*
|
Rs. 3600/-* |
3%* |
5%* |
4%* |
Premium
Scheme |
Rs. 25000/-* |
Rs. 2400/-* |
5%* |
5%* |
4%* |
Economy
Scheme |
Rs. 7500/-*
|
Rs. 1200/-* |
7%* |
7%* |
4%* |
|
* Taxes as
applicable will be levied on set up fees, ASMC and Transaction
Discount Rate (TDR) charged by CCAvenue.
** Annual Software Maintenance
Charge (ASMC) is charged on a per month basis payable in advance
every year in April. Merchants signing on after April need not
pay the full ASMC fee. The ASMC fee will be levied on pro-rata
basis.
*** TDR = Transaction Discount
Rate
All transactions normally appear as www.CCAvenue.com in your
customer's Credit Card statement.
For which scheme should you sign up?
If your website has an established e-commerce presence or those
who are confident of a huge volumes, the Privilege Scheme will
be your best option. The low 3% TDR ensures that in the long
run, your payout as TDR is minimal.
If your website generates a mid-volume turnover, the Premium
Scheme will be your best option. The relatively low 5 % TDR
ensures that your payout as TDR is minimal.
If your want to test online market or if you are initially expecting
a low value turnover, the Economic Scheme will be your best
option. The 7 % TDR is higher than the other two schemes but
the low setup lets you test the market before you invest large
amounts.
Payouts:
If a CCAvenue sub-merchant has signed up under our Economy Scheme,
we will credit his account with Rs. 92.27 for every Rs. 100/-
worth of transaction (10.30% service tax deducted), done
on a credit card by his customer. If the sub merchant has signed
up for our Premium Scheme, we will credit his account with Rs.
94.48 for every Rs. 100/- worth of transaction (10.30% service
tax deducted). If the sub merchant has signed up under our Privilege
Scheme, we will credit his account with Rs 96.69/- for every
Rs 100/-, worth of his transaction (10.30% service tax deducted).
To receive your payments you need to "capture" your
transaction from the accounting module. When a transaction is
successful from the payment gateway, it is reflected in your
CCAvenue account with CCAvenue in a pending mode. You, as the
merchant, will have to login to your account on www.CCAvenue.com
and mark the transaction as shipped/executed and enter the relevant
data.
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 time.
Orders can be accessed by logging into
your CCAvenue 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 Tuesday.
Transactions are then paid-out by either of two methods as
chosen by you on our Merchant Control Panel:
a) Direct Transfer: 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:- Axis Bank Limited,
Canara Bank, Citibank, Corporation Bank, Federal Bank, HDFC
Bank Limited, ICICI Bank, IDBI Bank, IndusInd Bank, Jammu
& Kashmir Bank, Karur Vysya Bank Limited, Kotak Mahindra
Bank, Punjab National Bank, Bank of Rajasthan, Royal Bank
of Scotland, Standard Chartered, Union Bank of India, Yes
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 Tuesday evening by courier.
Frequency Options:
a) 7 days
b) 14 days
c) 28 days
d) Threshold Limit - Merchants have been provided the option
of selecting a threshold account collection limit to trigger
an automatic wire transfer for the funds due to them. This
may be configured in the Settings & Options feature of
the CCAvenue M.A.R.S. (Merchant Accounting & Reporting
System).
All orders captured till Monday midnight
will be paid out on Tuesday. A 5% Rolling Reserve will be
maintained for 180 days.
