{"id":925,"date":"2010-08-13T14:30:22","date_gmt":"2010-08-13T09:00:22","guid":{"rendered":"http:\/\/apartmentadda.com\/blog\/?p=925"},"modified":"2019-07-25T13:32:57","modified_gmt":"2019-07-25T13:32:57","slug":"apartmentadda-payment-gateway-integration","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2010\/08\/apartmentadda-payment-gateway-integration\/","title":{"rendered":"ADDA Payment Gateway Integration"},"content":{"rendered":"<p>ADDA is thrilled to announce the integration of <strong>Payment Gateway<\/strong> with its Income Tracker! This will enable the Associations using ADDA to collect payments from Residents via Credit Card, Debit Card and NetBanking!<\/p>\n<p>This makes ADDA <strong>India&#8217;s FIRST &amp; ONLY Online Payment Aggregator<\/strong> for Housing Societies! The ADDA Payment Gateway will now be an additional payment option for Residents.<\/p>\n<p>Before you read on, we would like to thank YOU, our discerning customer, for pushing us higher!<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69db96bf3481b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69db96bf3481b\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/adda.io\/blog\/2010\/08\/apartmentadda-payment-gateway-integration\/#Advantages_of_Online_Payment_Gateway\" >Advantages of Online Payment Gateway<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/adda.io\/blog\/2010\/08\/apartmentadda-payment-gateway-integration\/#How_does_it_work\" >How does it work<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/adda.io\/blog\/2010\/08\/apartmentadda-payment-gateway-integration\/#Behind_the_Scenes\" >Behind the Scenes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/adda.io\/blog\/2010\/08\/apartmentadda-payment-gateway-integration\/#How_to_get_Started\" >How to get Started<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Advantages_of_Online_Payment_Gateway\"><\/span>Advantages of Online Payment Gateway<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 30px;\">1) The Resident gets instant confirmation that her\/his payment has reached the Association<\/p>\n<p style=\"padding-left: 30px;\">2) Collecting small-ticket items such as festival contributions, facility booking, Move-In\/Out charges etc. becomes much easier as the hassle of collection &amp; receipting is avoided!<\/p>\n<p style=\"padding-left: 30px;\">3) The lead time for collections can reduce drastically as Residents would prefer to pay by credit card (instant gratification, delayed outgo)<\/p>\n<p style=\"padding-left: 30px;\">4) Collection of electricity\/water charges from in-house vendors &#8211; such as Grocery shop, Daycare, Parlor etc. &#8211; will\u00a0 now be free of manual intervention<\/p>\n<p>With more and more Residents using the Payment Gateway, below <strong>Admin Overhead are completely eliminated!<\/strong><\/p>\n<p style=\"padding-left: 30px;\">1. Collection of Cheques from the Cheque Collection Box<\/p>\n<p style=\"padding-left: 30px;\">2. Creating Deposit Challans accurately<\/p>\n<p style=\"padding-left: 30px;\">3. Distributing Receipts to the Flats<\/p>\n<p style=\"padding-left: 30px;\">4. Walking the Cheques to the Bank<\/p>\n<p style=\"padding-left: 30px;\">5. Entering the Cheques in the Accounting System.<\/p>\n<p style=\"padding-left: 30px;\">6. Reconciling each Cheque.<\/p>\n<p style=\"padding-left: 30px;\">7. Processing Returned Cheques, lost cheques, managing Late Payment Penalty disputes.<\/p>\n<p style=\"padding-left: 30px;\">8. For direct Bank Transfers, informing every Member of correct Society bank details, reconciling direct Bank Transfers.<\/p>\n<p style=\"padding-left: 30px;\">9. Managing Suspense payments, due to Bank Transfer\/Cheques without Name or Flat Number.<\/p>\n<p style=\"padding-left: 30px;\">10. Manual Errors and Retention woes of Admin Employees who handle the above!<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_it_work\"><\/span><strong>How does it work<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Here is the workflow of ApartmentAdda Payment Gateway integration:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2606\" style=\"margin-left: auto; margin-right: auto; border: 0px initial initial;\" title=\"Payment Gateway Aggregator Workflow\" src=\"https:\/\/adda.io\/blog\/wp-content\/uploads\/2010\/08\/Untitled.png\" alt=\"\" width=\"720\" height=\"876\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Behind_the_Scenes\"><\/span>Behind the Scenes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ADDA is utilizing Online Payment Gateway Infrastructure &#8211; one of the most reliable and technologically advanced Payment Gateway in the World. Participating Associations will authorize ApartmentAdda to act as their online Payment Gateway Aggregator &#8211; necessary documents will be collected and vetted as per RBI&#8217;s Regulations.<\/p>\n<p>Payments made by the Residents will be collected in an RBI Regulated and Audited Bank from where the money will be channeled to each Association&#8217;s Bank Account. A detailed Flat-wise\/Transaction-wise statement will automatically show up in the Income Tracker for each Transfer to the Association bank Account. The Treasurer can reconcile these as per his or her convenience.<\/p>\n<p>Periodically we run vulnerability scans on our Servers and Hosting Infrastructure and also get the process and transactions audited as per RBI regulations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_get_Started\"><\/span>How to get Started<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Interested Associations can <a href=\"https:\/\/adda.io\/contact\">Contact Us<\/a>. We shall work with you to get you started. The estimated setup time is 1 work week.<\/p>\n<p>More Questions? Please view the <a href=\"https:\/\/adda.io\/blog\/2010\/08\/13\/faq-for-payment-gateway\/\" target=\"_blank\" rel=\"noopener\"><strong>FAQs on ADDA Payment Gateway integration.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADDA is thrilled to announce the integration of Payment Gateway with its Income Tracker! This will enable the Associations using ADDA to collect payments from Residents via Credit Card, Debit&hellip;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[186,231,245,166],"class_list":["post-925","post","type-post","status-publish","format-standard","hentry","category-product-updates","tag-apartment-accounting-software","tag-product-updates","tag-societyaccounting","tag-society-accounting-software"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=925"}],"version-history":[{"count":2,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/925\/revisions"}],"predecessor-version":[{"id":9802,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/925\/revisions\/9802"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}