Pricing

How Payments Work?

PAYMENT METHODS

Paymatrix allows tenants to make rent payments with their debit or credit card or UPI or E-wallets. We also enable recurrent rent payments through our payment partners. Our banking partners securely handles all of our processing, sending tenant’s payments directly into their landlord’s bank account.


Calculate your pricing breakdown

How much does it cost to make a payment with Paymatrix?
Enter your monthly payment amount below to find out.


Payment Method Service Fee Total Payment Amount
Credit Card 1.5% +GST {{ cc | number : 2}}
Debit Card 1.0% +GST {{ dc | number : 2}}
Net Banking Free {{ nb | number : 2}}
UPI Free {{ nb | number : 2}}

PAYMENT STATUS

Debited
The payment has successfully been debited from tenant’s account and is being scheduled for deposit into landlord’s account.
In-progress
The payment is scheduled and request is placed with the bank.
Credited
The tenant’s payment has successfully been deposited into the landlord’s bank account.
Failed
Payments may fail due to various reasons such as insufficient funds, wrong card details etc.
Pending
The payment is either interrupted by the tenant or connectivity issues.

PAYMENT PROCESSING TIMES

Payments can take 3-4 business days to reach the landlord account, depending on the tenant’s payment method and also bank holidays.
* This is an example only. Other factors may affect the actual deposit date of your payment.



Using card payments

(3 business days)



Using card payments

(5 business days)



List of Bank Holidays 2017

January 26 Thursday Republic Day
February 24 Friday Maha Shivaratri
March 12 Sunday Holi
March 29 Wednesday Ugadi
April 01 Saturday Annual Closing of Bank Accounts
April 05 Wednesday Shri Ram Navami (Babu Jagjivan Ram’s Birthday)
April 14 Friday Dr. Babasaheb Ambedkar Jayanti (Good Friday)
May 01 Monday May Day
June 26 Monday Eid al-Fitr (Ramzan Eid) *
August 14 Monday Krishna Janmashtami
August 15 Tuesday Independence Day
August 25 Friday Vinayaka Chaturthi
September 02 Saturday Eid al-Adha (Bakari Eid) *
September 28 Thursday Maha Ashtami
September 30 Saturday Vijaya Dashami (Dussehra)
October 01 Sunday Moharam *
October 02 Monday Mahatma Gandhi Jayanti
October 19 Thursday Diwali
November 04 Saturday Guru Nanak Jayanti (Karthik Puja)
December 01 Friday Eid-e-Milad *
December 25 Monday Christmas
* Date subject to change with appearance of the moon.