What is Merchant Onboarding: 3 Reasons Why You Must Make Taskmo Your Onboarding Partner
Over the last few years there has been a massive transformation in the way we buy and pay for products. Long gone are the days where we used physical currency, it's all digital currency and mobile wallets now. It’s safe to say that we are all moving towards a cashless and contactless economy. With increasing customer needs, businesses have started to equip themselves with apt tools to serve customers in a quick and efficient manner. It has opened up arenas for organisations like Taskmo to play the role of onboarding partners.
What is Merchant Onboarding?
Over the last few decades, merchant onboarding has grown into leaps and bounds due to the rise in the number of payment aggregators. Let's take a look at the meaning of the term merchant onboarding; it simply refers to onboarding a merchant to a gateway platform. In simple words, merchant onboarding in India means adding a new merchant onto a processing platform. In the traditional approach, the merchant onboarding process was manually performed and involved an intense amount of paperwork and a lot of to and fro between the onboarding merchants and the payment aggregators.
The classical approach became very cumbersome, time-consuming and the merchants boarded onto the platform found it very difficult to conduct their day-to-day operations due to the lack of knowledge. With technology coming into effect, the process of merchant onboarding in India took the digital route and revamped the entire merchant onboarding process and showed tremendous results. With the growing number of businesses, every day and the need to onboard merchants arose quickly, whereas the payment processors faced issues and wanted to ensure efficiency and better management. With the aim to resolve these issues and ensure smooth workflow, these fintech companies choose to reach out to task fulfillment platforms like Taskmo to provide end to end solutions. TaskMo is a platform for businesses to outsource their on-ground tasks to gig workers.
Why You Must Choose Taskmo as your Merchant Onboarding Partner in India
With the pandemic coming into effect, consumers have been shifting rapidly towards a cashless and contactless economy. In the pandemic alone, Taskmo has assisted several brands to onboard their merchants in a successful manner. Here are four reasons why, Taskmo can help your firm with merchant onboarding, read on to find out why!
One of the many benefits of partnering with Taskmo is the instant deployment of executives to the workforce in an instant manner. Our experts at Taskmo will save you from all the hassles of hiring, and deploy executives who are completely reliable within a quick turnaround time. In this way, we will ensure that our executives will do the job rightly.
Access to 1000+ Pincodes
With Taskmo, you can cut down all your overhead costs. We have access to over a thousand pin codes across multiple regions of the country. We can fulfil all your recruitment and staffing needs straight to the place you operate in!
AI-Powered Online Training
With Taskmo, you will find the right tasker for the job, but it doesn't stop there. The experts at Taskmo will one step ahead and ensure that all the executives perform the said task and are trained digitally in accordance with the job. Unlike other agencies, who readily provide you with executives who lack the knowledge to carry out the task, at Taskmo all our executives are thoroughly trained and tested through Taskmo's AI-Powered platform to ensure that the results are effective and satisfactory.
Variable Pay Structure
It's no secret that gig workers are paid according to the task they perform. At Taskmo, we believe in 'pay for work', which simply means the executive is paid according to either the number of hours, days, weeks or months involved in the completion of the task. The variable pay structure will help firms to reduce costs to a great extent and stay flexible with their finances. In addition to this, we will ensure that all the executives are paid in an accurate manner with full transparency to both parties.
We Are The Solution
With the increase in the number of customers opting for contactless payments and visualising a cashless economy, it only calls for us to accelerate merchant and vendor onboarding. It's time to make Taskmo your onboarding partner, meet our experts now.