ShopClues launches new payment service for its merchants

Express Payout service allows merchants to get up to 80% of their pending payment in advance

ShopClues on Tuesday launched its Express Payout service, which allows merchants to get up to 80 per cent of their pending payment in advance.

The company said that while it maintains a regular payout cycles, merchants often need on-demand cash flow to ensure stock availability, manage payments and overheads. "ShopClues' Express Payout service aims to benefit any merchant who requires advance payment before the scheduled payment date. The requested payment is processed within eight hours by ShopClues," the company said.

The platform had recently also launched a range of financial services designed exclusively for its merchants. These services include the