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Payment Policy

  • Defines the accepted modes of payment (UPI, Cards, Wallets)
  • Establishes a clear protocol for failed or declined transactions
  • Protects the business from fraudulent payment activities
  • Outlines the terms for Cash on Delivery (COD) orders
  • Clarifies that prices are inclusive or exclusive of GST
  • Secures the right to hold orders until payment is confirmed
  • Reduces disputes related to double-billing or unauthorized charges

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Experience Icon

7 Years

Of Experience

Cases Solved Icon

3622 +

Cases Solved

Awards Gained Icon

10 +

Awards Gained

Trusted Clients Icon

144 k +

Trusted Clients

Queries Solved Icon

36 k+

Queries Solved

Experience Icon

7 Years

Of Experience

Cases Solved Icon

3622 +

Cases Solved

Awards Gained Icon

10 +

Awards Gained

Trusted Clients Icon

144 k +

Trusted Clients

Queries Solved Icon

36 k+

Queries Solved

Experience Icon

7 Years

Of Experience

Cases Solved Icon

3622 +

Cases Solved

Awards Gained Icon

10 +

Awards Gained

Trusted Clients Icon

144 k +

Trusted Clients

Queries Solved Icon

36 k+

Queries Solved

Overview

A Payment Policy governs how financial transactions are handled on a platform. Itcaddresses the security of payment gateways, the handling of tax (GST), and the rules for different payment methods.

Businesses need this to ensure that they are not held liable for technical errors occurring on the bank's or payment gateway's side. It is essential for managing the expectations of customers regarding payment safety and "billing cycles."

Legally, this policy helps in defending against "unauthorized transaction" claims. In India, it is vital for clarifying that the business uses encrypted gateways and follows RBI guidelines for digital payments and data storage.

Why Choose Ark for Payment Policy

Secure Financial Terms for Modern Digital Commerce

Brief Description:
We draft robust payment terms that secure your revenue and clarify billing rules.

Instant Generation

Automated workflows ensure zero wait times for your PDF export.

Vetted Templates

Updated quarterly to align with the latest regional legal standards.

Standard Draft
  • Payment modes
  • GST details
  • Currency rules
  • Secure gateway
Get Started

FAQs

What payment methods should I list?

Any method you accept, such as Credit/Debit Cards, UPI, Net Banking, and Wallets.

Is Cash on Delivery (COD) mandatory?
What happens if a payment fails but money is deducted?
Do I store credit card details?
Are prices inclusive of GST?
Can I charge an extra fee for specific payment methods?
What is a "Chargeback"?

Why Partner With ARK?

A seamless blend of technology and Chartered Accountant expertise to simplify your business registration.

Comprehensive Tax Services

From GST to income tax, we ensure timely and accurate filings with end-to-end support.

Financial Strategy

We help businesses plan, grow, and manage finances effectively through customized consulting.

ARK Advisor Expert
Startup & MSME Support

Right from business registration to ROC compliance, we assist MSMEs at every stage.

Experienced CA Team

Led by Chartered Accountants with deep domain expertise and industry-specific experience.

What Our Clients Say

Discover what our satisfied clients have to say about their experience working with us

Sandeep Reddy
Founder, Retail Trading Business
" ARK Advisors made our audit process smooth and stress-free. Clear checklist, timely follow-ups, and very practical guidance. "
Anusha Sharma
Partner, Professional Services Firm
" Their team quickly identified compliance gaps and suggested actionable fixes. Reporting was crisp and easy for management to understand. "
Rohit Kulkarni
CFO, Manufacturing Unit
" We got strong process recommendations and control improvements. The audit insights genuinely helped us reduce leakage and improve discipline. "
Meghana Rao
Director, Startup
" Professional, responsive, and very transparent. They explained everything in simple terms and kept the entire process on schedule. "
Imran Khan
Owner, Hospitality Business
" The team ensured our documentation was audit-ready and supported us throughout. Great experience and strong attention to detail. "

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