Becoming a Swiggy restaurant partner is not as difficult as you think. As the food ordering and online kitchen concepts have never been in more hype than it is now, the clever thing for you to do is become a part of the revolution.
Step 3: Once the restaurant details are filled in, it is time to enter the FSSAI details and other crucial information. This is when you keep all the necessary documents handy. Some of them are as listed below:
Swiggy Merchant App Download
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Step 4: If you find trouble finding the online registration form for Swiggy vendor registration, you can also send a mail to partnersupport@swiggy.in with the appropriate subject line. As all the details are filled and the form is successfully submitted you will be contacted by a Swiggy representative, who will come to your restaurant and verify further details. If everything goes well and they are satisfied with everything, you sign a Partnership Agreement.
Step 5: Now all you have to do is wait for an official confirmation from Swiggy. You will receive a message of acknowledgement from Swiggy in your registered phone number and email id. Your Swiggy seller registration process is officially over and you can start to sell on Swiggy.
There are numerous benefits of Swiggy business registration, the best of them being a decreased operational cost. Your business no longer has to worry about delivery boys or the complicated logistics behind timely delivery of food once your Swiggy merchant registration is complete.
Yet another advantage of Swiggy restaurant registration is the potential to increase your revenue. By partnering up with Swiggy, you get an opportunity to increase your clientele and even sell your invoices and ultimately increase your income.
1. There is a commission fee charged by Swiggy. As the Swiggy restaurant registration process is completely free, the company gains its income by taking a percentage of money as commission from the partner. The percentage of commission can range from anywhere between 15 to 25 for restaurants in emerging areas. If you want Swiggy to promote your restaurant, an additional 4 to 7 percent commission is to be given.
2. You must keep the soft copies of the necessary documents handy. Document verification is crucial for the success of your registration process. So, keep the authentic soft copies of documents such as the shop licence, FSSAI certificate, PAN card, bank details and GST certificate with you.
3. Payment of commission must be timely. As you now know, a certain percentage of money is to be paid by the vendor to Swiggy as a commission. The payment has to be made at the said time without fail.
This offer is open to all American Express Cardmembers whose accounts are valid and in good standing. An American Express Cardmember ("Cardmember") for the purpose of this offer means a person holding a Card, issued by American Express Banking Corp.
This offer is also valid for American Express Corporate Cards issued by American Express Banking Corp. in India and for Cards issued by a third party bearing the name or trademark or service mark or logo of American Express ("Network Cards") issued in India.
American Express is neither responsible for availability of goods/services nor guarantees the quality of the goods/services and is not liable for any defect or deficiency of goods or services so obtained/availed by the Cardmembers under this offer. Any disputes with regard to the quality of goods/services availed shall be taken up with the merchant/service establishment directly. American Express shall have no liability whatsoever with regard to the same.
American Express shall not be liable whatsoever for any loss/damage/claims that may arise out of use or non-use of any goods or services availed by Cardmember under this offer. American Express reserves its absolute right and discretion to amend, modify or withdraw and/or alter any of the terms and conditions of the offer at any time without prior notice.
The Cardmember needs to inform the merchant about the intention to avail the offer and that you will be paying with an American Express Card before bill gets generated at the outlet. Any retrospect benefit cannot be passed to the Cardmember once the bill is generated.
Any issue, dispute, or claim arising out of or in relation to availing the benefits under the offer must be resolved by the Cardmember by contacting American Express within 30 days from the date of purchase/offer transaction. Any disputes with regards to the quality of goods/services availed shall be taken up with the merchant/service establishment directly. American Express shall have no liability whatsoever with regards to the same.
Swiggy relies on Payment Gateways(PG), a service that helps facilitate online payments for e-commerce transactions. It acts as a bridge between a merchant's website and the payment processor that handles the transaction. Swiggy accepts various payment methods like card-debit/credit, UPI, net banking, wallets, etc. To make a transaction go through using the desired mode of payment, players like the PGs, card networks(VISA, Rupay, etc.), banks, and UPI networks must be active.
The problem with having only the exploit approach is it keeps prioritizing the PG that performed the best at first and the other PGs (even though their performance may have improved) stay ignored.
In conclusion, the explore model helps in the collection of unbiased data that can be used for model improvements and evaluation and to check for scores across various PGs at the same time. In contrast, the exploit model identifies the best PG to optimize the overall PSR of net banking transactions.
This implies that when you sample values from the second distribution, the values will tend to be closer to the mean of 0.5 than they would be if you were sampling from the first distribution. In other words, the values in the second distribution are less spread out and are more likely to be close to the mean.
To address the issue of success rates for different card and PG combinations not being stationary, the model implements an epsilon greedy exploration-exploitation framework. This means that a small percentage (5%) of transactions are randomly routed to PGs other than the one with the highest predicted probability of success, to gather more data on the success rates of these PGs. This exploration data can be used to update the model and improve its performance. The remaining 95% of transactions are routed using the exploit model, which optimizes for both payment success rate (PSR) and PG cost.
For example, Bank A, let\u2019s say Federal Bank, is the customer bank. The success rate trend of Bank A with PG1, PG2, etc. in the previous x hours/minutes gives a reasonable estimate of each PG\u2019s potential to carry out that transaction.
The exploit part is a rule-based model which uses PG, Bank-level success rates in the previous 4 hours, one day, and seven days and PG-level success rates in the previous five minutes. The rule-based model returns a score for each PG based on the most recent available success rate value. The transaction is hence routed to the PG with the highest score. This way the model \u201Cexploits\u201D the best scenario to deliver the optimal results.
The experiment uses several successful and failed orders for each PG in the recent x amount of time. A value is sampled from the resulting Beta Distribution to estimate the PG\u2019s success probability. The transaction is hence routed to the PG with the highest sample value.
Days after the data of 2 crore BigBasket users was available for sale on the dark web, now over 3.5 crore records of payment platform Juspay's is available for sale. The breach took place on August 18, 2020, however, the company had issued a clarification in the blog post only after entrepreneur & internet security researcher Rajshekhar Rajaharia spotted the data being sold on the dark web.
Datastore of Juspay, a Bengaluru-based start-up was compromised in August 2020, resulting in the breach of over 3.5 crore records. A partner for some of the leading merchants including Amazon, Swiggy, MakeMyTrip, Yatra, Freecharge, BookMyShow, Snapdeal, amongst others, processes around 650k transactions per day. 152ee80cbc
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