Zomato, the online food delivery platform, launched a new feature on Wednesday called “daily payouts” to offer support to its emerging restaurant partners.
Currently, the feature is accessible for restaurant partners managing 100 orders or fewer per month, as per the company’s announcement.
“Our discussions with various restaurant partners highlighted the financial challenges smaller eateries face, using the traditional weekly payout system. This feature is designed to address this critical need for more frequent access to earnings,” Zomato said in a blogpost.
The key features of daily payouts include no additional charges, improved cash flow, and increased flexibility in administration.
The ‘no extra cost’ feature allows for a seamless transition from weekly to daily payouts without additional fees; the ‘improved cash flow‘ facilitates daily settlement of transactions based on sales from three days prior, and the ‘flexibility in management’ provides a smooth switch between daily and weekly payouts through the Zomato Restaurant Partner App.
Availing Zomato’s Daily Payout Option:
Interested restaurant partners can avail themselves of the daily payout option by navigating to the Payout section in the Zomato Restaurant Partner App.
Meanwhile, Zomato has raised its mandatory platform fee from INR 3 to INR 4 per order in key markets. The updated rates came into effect on January 1.
Continue Exploring: Zomato raises platform fee to INR 4 per order in major cities
New Year’s Eve saw Zomato temporarily increasing its platform fee as high as INR 9 per order in certain markets.
