Does ADDA charge platform fees?

Does ADDA charge platform fees?

ADDA uses third-party Payment Gateway aggregators (like Razorpay and Cashfree) to process the payments.

ADDA only passes on the transaction discount rate (TDR) that these payment gateway partners charge.

ADDA doesn't charge any platform fees.

You can find the proof of this in the UPI charges. It is zero.

That is because our PG partner does not charge any TDR for UPI payments. (This is subject to NPCI's continued discounting of UPI payments.).

Notes
Note: The TDR is a mandatory fee applied to online payments made via credit card, debit card, or net banking.

    • Related Articles

    • What are convenience charges/ transaction charges/ TDR added to my online payments?

      Convenience Charges/ Transaction Charges/ TDR (Transaction Discount Rates) are the charges that you pay for every transaction processed using a payment gateway. The rate may vary based on the payment mode used by the customer. ADDA is integrated with ...

    • How to Change Facility Charges?

      If your Association/RWA/Society decides to change the fees for certain facilities or amenities, please follow these steps to update it in ADDA Admin Portal: Step 1: Login to ADDA >> Click on ‘Admin’ and navigate to Facility and Activity >> Setup >> ...

    • What is Reverse Charge Mechanism (RCM) and How to handle RCM on ADDA?

      Reverse charge is a mechanism where the recipient of the goods or services is liable to pay Goods and Services Tax (GST) instead of the supplier. Follow the steps below to handle RCM on ADDA: Step 1 - Create a GL "Tax Pain on RCM" under General ...

    • How to set absorption of transaction charges to association for payment gateway?

      Transactions charges can be absorbed by the association in case if decide to borne by society /association instead of the resident. Step 1: Go to Income Tracker >>Setup >>Payment Gateway. Step 2: Check the checkbox for Net Banking or Debit & Credit ...

    • How can I make a partial payment in ADDA?

      If you would like to make a partial payment (for example, paying only maintenance charges instead of the full invoice), you can easily do this using any offline payment method: Cheque Cash Bank Transfer (NEFT/IMPS/RTGS) Demand Draft Upload Your ...