Are you struggling to get money from Banks and ATMs? No need to worry. The popular E-commerce portal Snapdeal has come with a creative thought to help citizens. Yes, the company on Thursday announced that it had introduced a new facility called [email protected] which brings you a cash of Rs 2000 to your home.
How Snapdeal [email protected] Works?
It is very simple. Users can download and install the App on your device. If you put a request, then it uses your location data to check if there is cash available in your area. If the money is available, then you can get a push notification and an SMS notification from Snapdeal which takes you to the Order page.
The only thing you must have to do is to pay a convenience fee of Rs 1 through FreeCharge or using your bank debit card. The next day, a Snapdeal logistics person will come to your house with a POS machine, and then you can Swipe your card and get the cash. Currently, there is a limit of cash up to Rs 2,000 per day on the booking. The [email protected] service has now started in few cities like Gurugram and Bengaluru. The users can use this facility through Snap deal’s mobile app only.
Snapdeal says that the money is being circulated as “goodwill gesture,” and comes from the money it receives as CoD. A pessimist would also point out that this also frees up the company from having to deposit the cash in its bank account, as it uses customers to turn its money into a digital form.
Many people said that the new facility of Snapdeal is pretty good thing especially for those who are needy for cash because of long queues at ATM centers.
Rohit Bansal, Co-Founder, Snapdeal said, “We have come up with this new idea for seamlessly providing services to our customers and all other people. To boost the digital transactions we had launched many initiatives like from Wallet and Card on delivery, extending FreeCharge partnerships for smooth transactions. We felt this effort may be useful to many who are struggling for liquid cash for their daily needs.”
Snapdeal is not the first company to introduce cash to home service. Recently the company named Tailmill, a Noida-based company has started to offer home delivery of cash up to Rs 1000 in partnership with flour seller TWF flours.Like Snapdeal, Tailmill was also re-circulating the cash it collected through COD offers.