Payment Structure
1. Advance Payment
- 40% - 50% advance payment is mandatory before project initiation.
- Project work will not start until the advance payment is received.
2. Milestone-Based Payments
For medium to large projects, payments are divided into clear milestones:
| Stage | Payment |
|---|---|
| Project Initiation | 40% |
| Design / Prototype Approval | 20% |
| Development Completion | 20% |
| Deployment & Testing | 10% |
| Final Delivery / Go-Live | Remaining balance |
3. Small / Fixed-Cost Projects
For medium to large projects, payments are divided into clear milestones:
- Small websites
- Landing pages
- One-time services
- Short-term tasks
Payment Timeline
Invoices must be paid within 7 days of issuance unless otherwise agreed in writing.
Delayed payments may result in:
- Pause in project work
- Delay in delivery timeline
- Withholding of source code or final deployment
Payment Methods
Rymsys accepts payments via:
- Bank Transfer (NEFT / RTGS / IMPS)
- UPI
- Online payment gateways
- International wire transfer (for overseas clients)
All payments must be made in favor of Rymsys Private Limited only.
Taxes
- All prices are exclusive of applicable taxes.
- GST @18% will be charged as per Indian law.
- International clients are responsible for any local taxes or bank charges.
Refund Policy
- Advance payments are non-refundable once the project has started.
- No refunds will be issued for completed milestones.
- If the project is canceled by the Client, payment for completed work + expenses will be retained.
Scope Changes & Additional Charges
- Any work beyond the agreed scope will be treated as additional work.
- Revised cost and timeline will be shared and must be approved before execution.
- Additional charges must be paid before implementation.
Ownership & Deliverables
- Final deliverables, source code, and deployment access will be handed over only after full payment.
- Rymsys retains ownership of work until all dues are cleared.
Maintenance & Support Payments
- Maintenance and support services are billed Monthly / Quarterly / Annually.
- Payment must be made in advance for each support/maintenance period.
Late Payment Clause
Rymsys reserves the right to:
- Suspend services
- Terminate agreement
- Apply late fees (if mentioned in the agreement)
Dispute Resolution
- Any payment-related disputes must be raised in writing within 7 days of invoice date.
- Undisputed invoices are deemed accepted.
Governing Law
This Payment Policy shall be governed by the laws of India, with exclusive jurisdiction in Jaipur, Rajasthan, India.
Contact Information
For payment-related queries:
- Rymsys Private Limited
- 📧 Email: contact@rymsys.com
- 🌐 Website: www.rymsys.com