How Payments Work on PGfy
PGfy simplifies digital rent collection by providing a secure payment experience for tenants while enabling verified property managers to receive settlements efficiently.
Transactional Flow Diagram
Trace the step-by-step lifecycle of a transaction through our digital platform.
Tenant
Begins the transaction journey on the platform.
Searches Property
Filters co-living spaces, rooms, or hostels based on preference.
Books Room
Selects occupancy type, sharing pattern, and check-in date.
Pays Booking Amount / Monthly Rent
Initiates the transaction using preferred payment method.
Payment processed securely via PayU
Routed via our trusted PCI-DSS compliant payment gateway partner.
Payment recorded by PGfy
Instant logs updated in the dashboard databases.
Settlement Initiated
Payout schedule triggered according to the settlement rules.
Verified Property Manager Receives Settlement
Direct bank transfer completed securely to the verified owner bank account.
PGfy retains applicable platform fees or subscription charges (where applicable)
Applicable platform charges deducted transparently during settlement processing.
Deep Dive: Transaction Stages
Understand how we process payments securely behind the scenes.
Tenant Initiates Payment
The tenant logs into the booking portal, verifies their monthly invoice or booking deposit, selects a digital payment method, and enters payment credentials.
Secure Processing
Transaction details are encrypted and passed via secure API to our payment gateway partner (PayU), which performs verification checks with the issuing bank.
Payment Confirmation
Upon successful gateway response, the system updates booking status, sends immediate notifications, and generates tax-compliant digital receipts.
Settlement Processing
Net amounts (minus platform subscription fees) are batch-processed and settled securely to the property manager's bank account.
Digital Records & Reconciliation
Both tenant and property manager gain access to permanent digital transaction records, invoice history, and monthly reports via their secure dashboards, making taxation and reconciliation effortless.
Important Note
PGfy is a technology platform connecting tenants with verified accommodation providers while facilitating secure payment collection and settlement. All payment flows are regulated under standard gateway policies.