CCAvenue

eCommerce in India has been progressing leaps and bounds across the past few years. The demand for internet based online payments is exponentially growing amongst Brick and Mortar merchants and we are also besieged with requests from Start-ups and new eCommerce merchants for better entry-point rates to acquire payment gateway for their ventures. As payment partners, we have been catalysts to the growth of eCommerce in the country and as leaders in this space, we have a continued responsibility to fuel this growth in the future. Barriers like Initial Set-up fees burden start-ups and small eVentures who possess unique online business ideas but have modest investment capacity.

Given the exciting times enumerated above, CCAvenue.com now offers their entry-level 'Economy' payment gateway package for FREE. The set-up fee for the Economy scheme which earlier cost Rs 7,500/- is now ZERO while the ASUC (Annual software upgradation charges) amounting to Rs 1,200/- p.a. has been waived off for the 1st year!!

Mr. Mohan Nair, Chief Marketing Officer, CCAvenue stated that " We have been getting a lot of requests from the Startup community to waive our initial Payment gateway setup fees as well as reduce rates on transaction. Being industry leaders, as always we had to lead the trend and consider their demand in a pragmatic manner. Therefore with the launch our new pricing package, we hope the Startup community takes up this opportunity to help realize the true e-commerce potential of our country. In doing so we hope these ecommerce enterprises launch truly globally scalable products and services that can make us proud to partner them. With our new 'Economy' pricing, any potential merchant can avail of our cutting edge PG with 100+ payment options including Visa, MasterCard, Amex, JCB, Diners in the cards space, 50 Debit cards and 50 Netbanking options, 4 Cashcards and 2 Mobile Payments and a hosted CCAvenue.com IVRS PhonePay system as for FREE. Currently, we receive 100 merchant sign-ups every day of which approvals/activations are close to 65 to 70 merchants per day. We hope with the new pricing, more merchants take their business online and move onboard our CCAvenue PG"..


* Taxes as applicable will be levied on set up fees, ASMC and Transaction Discount Rate (TDR) charged by CCAvenue.
** TDR (Transaction Discount Rate) = MDR (Merchant Discount Rate) as specified by Reserve Bank of India + CCAvenue processing charges excluding all taxes.
*** Annual Software Maintenance Charge (ASMC) is charged on a per month basis payable in advance every year in April. Merchants signing after April need not pay the full ASMC fee. The ASMC fee will be levied on pro-rata basis.
Note: W.E.F. 12th February, 2013