Fees and charges

Get an estimate of the fees and charges payable.

PAYMENT METHODS

Paymatrix enables you to use your credit cards, wallets and bank account to pay for any expenses into the recipient’s bank without the need of them being registered on the platform. We charge you a small fee for processing the payment, which is often less than the rewards or promotions from the card issuer or payment partners on our platform.


Calculate the amount payable

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


Payment Method Service Fee Amount paid Amount settled to beneficiary
Credit Card 2% + GST {{ cc | number : 2}} {{ nb | number : 2}}
Amex cards 2.5% + GST {{ amex | number : 2}} {{ nb | number : 2}}
Prepaid cards 2.5% + GST {{ amex | number : 2}} {{ nb | number : 2}}
Corporate cards 2.5% + GST {{ amex | number : 2}} {{ nb | number : 2}}
Debit Card 1.2% + Rs.10.00 + GST {{ dc | number : 2}} {{ nb | number : 2}}
Freecharge Wallet 3% + GST {{ wallets_new | number : 2}} {{ nb | number : 2}}
Wallet 2% + Rs.15.00+ GST {{ wallets_old | number : 2}} {{ nb | number : 2}}
Net Banking Free {{ nb | number : 2}} {{ nb | number : 2}}
UPI Free {{ nb | number : 2}} {{ nb | number : 2}}
* Wallet pricing can be lower for certain Paymatrix user accounts and may vary as per the signup date & account usage

Know your payment status

 Initiated The payment has successfully been debited from user’s account and is being processed. Amount shall be credited to the beneficiary’s account within 3 working days from the date of payment
 Settled The user’s payment has successfully been deposited into the beneficiary’s bank account.
 Pending The user’s payment is yet to be reconciled by the Payment gateway. It takes upto 24 hours for the status to be updated.
 Failed Payments failed due to various reasons such as insufficient funds, wrong card details etc. Amount , if deducted, shall be auto-refunded by your bank within 5 working days.

PAYMENT PROCESSING TIMES

We take 2 working days from the date of the payment to process the amount to your beneficiary’s bank account.
* This is an example only. Other factors such as local festivals, banking downtime etc. may also affect the actual deposit date for your payment.



Using card payments

(2 business days)



Using card payments

(4 business days)



List of Bank Holidays 2022

January 01 New Year’s Day
January 15 Makar Sankranti/Pongal
January 26 Republic Day
March 01 Maha Shivaratri
March 18 Holi
April 01 Yearly Closing of Banks
April 02 Ugadi/Gudi Padwa
April 05 Babu Jagjivan Ram’s Birthday
April 14 Dr. Babasaheb Ambedkar Jayanti/Mahavir Jayanti
April 15 Good Friday
May 03 Id ul Fitr
August 09 Muharram
August 15 Independence Day
August 20 Sri Krishna Ashtami
August 31 Ganesh Chaturthi
October 02 Gandhi Jayanti
October 05 Durga Puja/Dussehra (Vijaya Dashmi)
October 25 Laxmi Puja/Deepawali
November 08 Guru Nanak Jayanti
December 25 Christmas Day

# All other standard bank holidays such as 2nd and 4th Saturdays and Sundays shall be settlement holidays


## Need to plan your payments? We follow RBI's holiday list for Mumbai, Hyderabad and Bangalore available Holiday List