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 14 Sunday Makar Sankranti
January 26 Friday Republic Day
February 13 Tuesday Maha Shivaratri
March 02 Friday Holi
March 18 Sunday Ugadi
March 25 Sunday Ram Navami
March 30 Sunday Ram Navami
April 01 Friday Good Friday
April 05 Thursday Shri Ram Navami (Babu Jagjivan Ram’s Birthday)
April 14 Saturday Dr. Babasaheb Ambedkar Jayanti (Good Friday)
May 01 Tuesday May Day
June 15 Friday Eid al-Fitr (Ramzan Eid) *
June 16 Saturday Idul Fitr Holiday
August 01 Wednesday Bonalu
August 15 Wednesday Independence Day
August 22 Wednesday Bakrid
September 03 Monday Janmashtami
September 13 Thursday Ganesh Chaturthi
September 21 Friday Muharam
October 02 Tuesday Mahatma Gandhi Jayanti
October 09 Tuesday First Day of Bathukamma
October 17 Wednesday Maha Ashtami/td>
October 19 Friday Vijaya Dashami
November 06 Tuesday Deepavali
November 21 Wednesday Eid e Milad
November 23 Friday Guru Nanak Jayanthi
December 25 Tuesday Christmas
* Date subject to change with appearance of the moon.