ShopClues’ merchants can ease cash flows by availing advance payments
Merchants often need on-demand cash flow to ensure stock availability, manage payments and overheads etc.
ShopClues’ Express Payout service aims to benefit any merchant who requires advance payment before the scheduled payment date. The merchants can choose to receive any amount up to 80% of their due payment with a small service charge. The requested payment is processed within eight hours.
ALSO READ: Housing.com Launches ‘Housing Partner’- a unified platform for realtors
The platform had recently also launched a range of financial services designed exclusively for its merchants. These services include the Reach PoS, a software mobile POS which facilitates hassle-free digital transactions for offline retailers; and
ALSO READ: This Exclusive Club in Mumbai Charges Rs. Ten Lakhs as Membership Fee
The Express Payout service was launched to a small group of merchants last month, wherein over 70% of the merchants chose to avail the service. It has since been launched for all merchants on the platform and in three weeks has catered to over 2000 payout requests.
Popular on BI
- Meet LignoSat, the world’s first wooden satellite that is set to orbit the Earth by 2024!
- Bajaj Chetak Urbane electric scooter with 113 km range to hit the roads starting ₹1.15 lk
- Cyclone 'Michaung' alert in the Tirupati, Nellore, Prakasam, Bapatla, Krishna, West Godavari, Konaseema, and Kakinada of AP Districts
- Gold surges Rs 450 to hit record high of Rs 64,300 per 10 gm
- 7 best places to visit in Amritsar on your next trip