You have 12 days from the receipt of the orders to execute and capture the order amounts. If your business model demands that you capture the amount in advance for future delivery i.e. a period beyond 12 days from receipt of the order, and your customer is explicitly agreeable to this, then you may do so before the 12th day. Orders not captured will not be reflected in your account after this.
Orders can be accessed by logging into your ESIPL's HAND SHAKERS Account with the username and password registered on sign-up.
All orders shipped/executed until Thursday midnight IST are processed for payment the following day. Transactions are then paid-out to your designated bank account by depositing cheques in Mumbai to your bank account(if your bank permits it) or by sending you a Citibank at par cheque, encashable in your city, by courier to reach you no later than the next Monday or Tuesday.
Modes of payment to choose from :
a)Sub-Merchants holding an account with the following banks can opt for direct credit to their accounts with any branch in the country by requesting us to deposit a Mumbai cheque:- HDFC Bank Limited, ICICI Bank Limited , UTI Bank Limited, Citibank, Standard Chartered ANZ Grindlays, Global Trust Bank, Centurion Bank, ABN Amro Bank, IDBI Bank and any other bank which allows us to deposit cheques to your current /personal account directly from Mumbai.
b) Citibank at par cheque payable as a local cheque in your city dispatched on Friday evening by courier.
Minimum Balance Requirement:
On commencement of the account ESIPL's HAND SHAKERS will retain the first Rs 1000/- as a minimum balance requirement for keeping your account in live mode, in the same way as a bank account operates. Subsequently all and any amount over this will automatically get paid out.
- Set Up fee is a one time fee only.
- Facility to upgrade from economy scheme to premium scheme by paying the difference in set up fees. No changes to be made at your end.
- Shopping Cart and other services available to both schemes.
- Both Schemes to have access to complete online Sub Merchant Account Management , with a central reporting facility on every transaction. This includes reports on sales, credits, voids O to support non-repudiation, balancing, portal settlement reporting, processor settlement reporting and other back office functions.
- Visibility into transaction level information is protected by passwords.
Business Assurance & Penalty (optional):
Sub Merchant may also opt for Monthly Business Commitment plans for lower financial rates but ESIPL's HAND SHAKERS would charge a fixed per month penalty for all those months where monthly business commitment is not met.
Minimum Payment Amount:
Any amount below Rs.2000 will be carried forward to the next payment cycle.
Modes Of Payment:
Sub-Merchants would be issued the cheques for the payable amounts or would be transferred to his given bank account directly.
Necessary Documents for opening payment gateway account
For Merchant Approval
Company Legal Status & Years of Existence Proof
Company Registration ProoforMOAorAuthorisation letter from CA
Business Entity Establishment Proof
Latest Electricity Bill in Company Name or Latest Telephone Bill in Company Name
Company Operations & Turn Over Proof
PAN Number with Copy of last IT return or Balance Sheet/ PL Statement
For Cheque Deposit or Money Transfer
Current Bank A/c Proof In Company Name
Bank Statement or Authorisation letter from Bank
For Website Integration
Domain name proof (print from registrar)
For export order processing
IEC Code Or Export Council Membership
From sales Team