Zomato on Wednesday announced a new feature called ‘daily payouts’ with the aim being to support its ‘emerging restaurant partners.’
“Our discussions with various restaurant partners highlighted the financial challenges 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 on its official blog.
Zomato ‘daily payouts’
(1.) The feature is for small eateries; once a restaurant reaches 100 orders per month, they will move to daily payouts.
(2.) The switch from weekly to daily can be done via the Zomato Restaurant Partner App. Also, no additional fees is required to make the switch
(3.) To access the daily payout option, an interested partner must go to the ‘Payout’ section of the online food aggregator’s app.
(4.) There will be a daily settlement of transactions, based on sales from the three previous days.
(5.) The facility will help address issues faced by restaurant owners, such as growing their businesses, and competing with established names, the Gurugram-based company said.
