PRICING AND TYPES OF SCHEMES

We are offering you a choice of two schemes. Depending on your business model, you may choose any one of the two scheme options:

** TDR = Transaction Discount Rate

*** Merchants signing on after April - the month in which the Annual Software Upgrade Fee is charged - need not pay the full fee. The fee will be levied on pro-rata basis.

Please Note: A standard 4% charge will be levied on Net Banking transactions for both schemes.

All transactions normally appear as www.CCAvenue.com in your customer's Credit Card statement.

We accept the following Credit Cards: MasterCard, Visa, Citibank eCard, American Express, Carte Blanche, Diners Club International & Discover Network. If a CCAvenue sub-merchant has signed up under our economy Scheme, we will credit his account with Rs. 92.13 for every Rs. 100/- worth of transaction (12.36% service tax deducted), done on a credit card by his customer. In case the sub merchant has signed up for our premium scheme, we will credit his account with Rs. 94.38 for every Rs. 100/- worth of transaction (12.36% 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.

For which scheme should you sign up?
If your website generates a large number of high-value transactions regularly, the Premium Scheme will be your best option. The low 5 % TDR ensures that in the long run, your payout as TDR is minimal.

Choose the Economy Scheme, if the transactions on your website are of mid-low value, or you are testing the online market.

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) 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:- HDFC Bank Limited, ICICI Bank Limited, UTI Bank Limited, Citibank, Global Trust Bank, Centurion Bank of Punjab, IDBI Bank, HSBC, Deutsche Bank, Indus IND Bank, Jammu & Kashmir Bank, Punjab National Bank, Kotak Mahindra Bank, ING Vysya Bank, Bank of Rajasthan, 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.