If you live in an Apartment or Villa AND are the Secretary or Treasurer or Chairman or part of the Management Committee, this presentation is for you. We bring to you - the ApartmentADDA Payment Gateway! The ultimate convenience for Apartment Owners. If you are living in an Apartment or Villa complex or any housing society, you have to pay monthly or quarterly maintenance bills to your RWA or Society Association. As an apartment resident, you either make this payment through cheque or go through the hassle of adding your association bank account to your online banking account to do NEFT transfer each month. Payment through cheque is a cumbersome process. ADDA payment gateway is an easy way of making maintenance bill payments through your credit or debit card or netbanking. Its integrated with your online residents portal so you can maintain all your payment history in one place. Also, after making payments you get an instant receipt. Check out the link here https://apartmentadda.com/home/features-payment-gateway.php

1. Is a Hassle!
CHEQUE Or NEFT
PAYING
APARTMENT MAINTENANCE BY
Is There A Better
Way ??!!!

2. By Mistake Paid Wrong Amount
through NEFT. Will have to Pay Late
Payment now!!
Cheque Book’s Over, have to
ask someone the bank details
for NEFT..
Paid by NEFT a month
back. Still did not get
receipt…
Problems with NEFT & Cheque Processing: Faced By Residents
Hey! I just paid my maintenance bills
ONLINE through ADDA!! What about you?
Really? In our Apartment we
still use NEFT. Tell me more
about ADDA…
Photo Credit:
Sutirtha Saha, Serene County, Hyderabad

3. Problems with NEFT & Cheque Processing: Faced By Management Committees
Manually Creating & Distributing Receipts to Flats
Manual Collection & Deposit of Cheques
Manual entry to Accounting Systems
Managing Late Payment Penalty for unidentified NEFTs
Managing Suspense payments without Name or Flat Number
Reconciling each Cheque
Processing Returned/Lost Cheques
Very High Bank Charges for Bounced Cheques

4. Hidden Cost Vs Visible Cost
Convenience charge for Net
banking
Rs.10/ transaction
VISIBLE COST: ADDA Payment Gateway Charges
Total Cost for a 200 Apartment
Complex, with Quarterly Billing:
Rs.8,000/ year
Average Cost of processing
each Cheque or Bank Transfer
Rs.75/ transaction
Total Cost for a 200 Apartment
Complex, with Quarterly Billing:
Rs.60,000/ year
HIDDEN COST: Cheque/NEFT Processing Charges
Cost of Cheque to Resident + Conveyance Cost for Depositing + Admin Cost of Accounting Entry.REGULAR CHEQUE:
BOUNCED CHEQUE:
Admin Cost of Accounting Entry + Time Spent on ReconcilingNEFT:
Bank Charges for Bounced Cheque + All “Regular Cheque” Costs repeated for Bounce Cheque replacement.
Hidden Cost Breakup

5. ADDA Payment Gateway: How does it work?
Open The ADDA
APP
View
MAINTENANCE DUES,
& PAY ONLINE
Resident Receives
INSTANT E-RECEIPT
Money Credited To
SOCIETY BANK
Maintenance Collection
AUTO-POSTED IN BOOK
OF ACCOUNTS

6. Resident gets instant Receipt
More payment options – Credit/Debit Card, Net Banking
View Bill details and pay against bill
No chance of Manual Error
Advantages of ADDA Payment Gateway: For Owners, Tenants
Maintain Entire History, Receipts of all payments in one place

7. Easy Collection of Festival contributions, Facility
booking, Move-In/Out charges, Payments from in
house vendors, etc.
Automatic Accounting Entries
Bank Charges for Bounced Cheques etc. are avoided.
Money reaches bank in T+2 days
Saves Admin overhead of preparing, distributing
receipts, invoices, etc.
Advantages of ADDA Payment Gateway: For Management Committee

8. One Time Setup Cost** INR 10,000/-
Payment Gateway
Charge Per Transaction*
(Option For Association To Absorb)
Debit Card: 1%
Credit Card: 2%
Net Banking: Rs.10/-
ADDA Payment Gateway: Total Cost
*Rates subject to revision based on change of charges from payment gateway providers
**All costs are exclusive of applicable Taxes.
Contact Us to Get Started:
92233-11999