Cash will be available in merchant accounts within one hour after each food delivery is completed.Cash availability within an hour after delivery is completed Robinhood has a support team to help merchants, especially small vendors unfamiliar with using food delivery apps, to take orders via online platform and make their food more interesting with eye-catching menus and food descriptions.ģ.Supports the online presence of merchants. The app aims to help merchants boost their incomes and profits in addition to their shop-front or dining-in sales with no additional costs incurred using the online platform, while customers can enjoy food at the same quality, prices, and portions as dining-in options.Ģ.The app’s soft launch will take place on Octofor food delivery in Bangkok and vicinity before its official launch in early 2021. Purple Ventures aims to continuously improve Robinhood app from feedback and suggestions from all parties. Customers can also enjoy a wider variety of famous food from small neighborhood vendors as well as those available exclusively on the app. Customers can directly pay merchants via direct debit on the SCB EASY app, or credit, debit, and cash cards. With the app’s 100% digital cashless payment platform, Robinhood riders can earn money without having to advance their own cash for customer food orders. At the same time help provide jobs for another 10,000 riders during a time of increasing unemployment. This boosts merchants’ liquidity to help them with their next-day operations during the current economic crisis. Robinhood does not charge Gross Profit (GP) fees, bundled with hourly sales settlement, making fund available in merchants’ accounts within one hour. Robinhood, an alternative food delivery app, developed by Purple Ventures Co., Ltd, a subsidiary of SCB 10X, aimed to support at least 16,000 small restaurants and merchants to adopt digital platform supporting sales and help reduce high cost from joining online platforms.

What is robinhood app