E-commerce company Snapdeal on Thursday Dec 22,2016 announced the launch of a
‘Cash@Home’ service, which allows users to order ₹2,000 in cash and get
it delivered at their doorstep.
“The launch of the cash on demand service is intended to further help
our consumers tide over any cash crunch that they might face in
addressing their daily needs,” Snapdeal co-founder Rohit Bansal said in a
statement.
Snapdeal will be using the cash that it receives through
cash-on-delivery (CoD) to operate this facility. It will charge ₹1 as
convenience fee, which will need to be paid through FreeCharge or
through a debit card at the time of booking the order.
Cash from COD
“At the time of cash delivery, the consumers will need to swipe their
ATM card on the PoS machines, which Snapdeal’s courier partners will
carry for all such deliveries. Once the transaction is successful, the
courier person will hand over ₹2,000 in cash,” the statement said.
No obligation
Under the service, a user can request ₹2,000 per booking, and any bank’s
ATM card can be used to pay for the cash. The customers are not
obligated to order anything else from Snapdeal to access Cash@Home, the
statement added.
The service is already live in Gurugram and Bengaluru, and will be
extended to other major cities in the coming days, with the operative
details to be updated as per user feedback and availability of currency
notes, the e-commerce company said.
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