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 Card and credit card [ Check-mark on the desired instrument in which transaction charges needs to absorption].
Note: – In the case of net banking, you can set a thresh hold limit i.e. how much amount will the association absorb type in the box and then click on Save Changes.
How does it work?
Assume that the user is paying invoice amount Rs.5000 /-. Convenience charges for this are 10Rs.
5K amount will be deducted from the user bank account and 10Rs. will be deducted from the association bank account which is linked to the ADDA payment gateway.
Admin can get debit details under General ledger>>Query>>Expense>>Payment gateway charges>>Fetch documents>>Export this report to excel, csv or pdf format.
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