| Indian Rupees |
| Room Rates |
Setup fees |
Monthly Charges |
| Up to INR 1,200 per
night per property |
INR 10,000 |
INR 750 |
| From INR 1201 to INR
4500 per night per property |
INR 15,000 |
INR 1000 |
| Above INR 4500 per night
per property |
INR 20,000 |
INR 1500 |
|
Room rates are based on standard room
single or double occupancy (exclusive of service charges, taxes,
gratuity if any).
Please note the above pricing is only for the ResAvenue M.A.R.S.
and are exclusive of charges for the Payment Gateway, however
the ResAvenue M.A.R.S. account must be purchased in tandem with
the Payment Gateway which will be charged separately as under:
PAYMENT GATEWAY PRICING AND TYPES OF SCHEMES
We offer you a choice of two schemes. Depending on your business
model, you may choose any one of the two scheme options:
| Payment Gateway Pricing |
| Type of Scheme |
Set Up fees
[One time, non refundable]
|
TDR [Transaction Discount
rate] |
| Premium Scheme |
INR. 25000 |
5% |
| Economy Scheme |
INR. 7500 |
7% |
|
The above rates are for processing in INR only.
The INR Gateway allows you to offer your customers the payment
options listed below:
| Payment Processing Options |
| Currency |
Payment Options
|
Transaction
Processing Company |
| Indian
Rupee Processing and Settlement |
Credit Cards:
MasterCard
VISA
American Express
Diners Club International
JCB Cards
Citibank eCard. |
Avenues
India Pvt. Ltd.,
Mumbai,
India |
Direct Debits:
Citibank Bank Account Online
Citibank NRI Rupee Checking Account
Citibank Suvidha Online Account,
ICICI Bank.com
HDFC Direct Pay
UTI iConnect, IDBI i Netbanking
Global Trust iBank
Centurion Bank ePay
Federal Bank FedNet
Bank of Punjab eBanking. |
|
To process in currencies other than INR click
here:
We accept the following credit cards. Visa, Mastercard,
Citibank eCard, American Express, Diners Club and JCB. If a ResAvenue
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.
To recieve 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
account with ResAvenue in a pending mode. You, as the merchant,
will have to log-in to your account on www.ResAvenue .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.
Orders can be accessed by logging into your ResAvenue 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 Wednesday. Transactions are then
paid-out by either of two methods as chosen by you on our Merchant
Control Panel:
a) We will dispatch by First Class Registered
Airmail, a US Dollar cheque (payable at Singapore) to your designated
address within 48 hours of the settlement period. This option
is available at a nominal delivery charge of US Dollar 1 per delivery.
You will have to deposit this cheque for foreign inward collection
with your bank. Credit in your local currency to your account
may take upto 15 days or more. Please check with your bank for
the exact period, procedure and their collection charges for the
transfer
b) You may opt for the wire transfer of
funds (at a charge of US Dollar 30 per transfer) to your designated
bank account. If your account is designated in your local currency,
the exchange rate applied to the transaction is fixed by your
bank and we have no control over the same. A small administrative
fee could also be levied by your banker. Please check with your
bank for the exact time required to credit your account and their
exact collection charges for this kind of transfer.
Minimum Balance Requirement:
On commencement of the account ResAvenue will retain the
first US Dollar 50 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 (less the Rolling Credit amount)
as configured by you through the Merchant Control Panel over this
will automatically get paid out.
Rolling Deposit:
A 5% Rolling Deposit of the final payment amount will be maintained
by ResAvenue for 180 days.
Features :
Set Up fee is a one-time fee only.
Facility to upgrade from economy scheme to premium scheme by paying
the difference in setup fees is available. No changes to be made
at your end.
Both Schemes to have complete access to the online ResAveune
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 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 and Settlement in Currencies Other
than INR
If you wish to process in currencies other than INR you must
sign up for an account with Avenues World Pte Ltd. at the pricing
stated below:
| Payment Gateway Pricing |
| Type of Scheme |
Set Up fees
[One time, non refundable]
|
TDR |
( Optional Service) Annual
Charges for own Merchant ID (Payable in advance on sign-up
and renewable annually) |
| Premium Scheme |
USD 600 |
5% |
USD 150 |
| Economy Scheme |
USD 200 |
7% |
USD 150 |
|
The above rates are for one processing currency
only.
You may also opt for additional processing currencies
and for each additional currency a charge of USD 100 will be applicable.
You can select from the currencies stated below to offer your
customers the payment options listed alongside each:
| Payment Processing Options |
| Currency |
Payment Options |
Transaction
Processing Company |
| USD Processing and Settlement |
Credit Cards:
MasterCard
VISA
American Express
Diners Club International
JCB Cards
Citibank eCard. |
Avenues World Pte Ltd.,
Singapore. |
| EURO Processing
and Settlement |
Credit Cards:
MasterCard
VISA
Citibank eCard. |
Avenues World
Pte Ltd.,
Singapore. |
| U.K. Pound
Processing and Settlement |
Credit Cards:
MasterCard
VISA
Citibank eCard. |
Avenues World
Pte Ltd.,
Singapore. |
|
All transactions normally appear as www.ResAvenue
.com charge in your customer's credit card statement. You may
wish to reinforce your website name and add recall value by choosing
our special feature (at a recurring annual cost) which
is the equivalent of having your own Merchant Account. This
optional service for own Merchant ID is available for a small
annual charge of USD 150 payable in advance on sign-up and renewable
annually. This feature applies only for all Visa, MasterCard
and JCB transactions. All American Express and Diners Club International
transactions will continue to be reflected as www. ResAvenue
.com/charge in your customer's credit card statements.