Comprehensive P2P finance company Daily Funding launched its e-commerce sales advance payment service, 'DAILYPAY,' on the 2nd. The company plans to enhance market competitiveness with the industry's lowest usage fee (0.03% per day) and reduce the burden on small business owners.
DAILYPAY is a service that provides advance payment on the same day of application by shortening the time it takes from sales to actual settlement (up to 70 days) for small business owners operating online shopping malls.
It aims to quickly provide operating funds to online shopping mall sellers who have difficulty securing inventory due to lack of immediate cash, thereby supporting increased sales.
DAILYPAY offers its service at a fee of 0.03% per day, which is 25% cheaper than other companies' fees (0.04% per day). For example, using 5 million KRW for 7 days would incur a fee of about 10,500 KRW. As a financial service that does not affect credit ratings, it also reduces the usage burden on self-employed individuals.
Notably, it operates a 24-hour service for the first time in the industry. Sellers registered with DAILYPAY can apply for the advance payment service anytime, 24 hours a day, and receive the settlement amount on the same day. The entire process from application to payment can be completed online easily without complicated public certification procedures.
Sellers can apply for up to 100% of the expected settlement amount, excluding sales completed within the last 7 days from the expected settlement amount. Detailed information is available on the DAILYPAY website.
Lee Hae-woo, CEO of Daily Funding, stated, "DAILYPAY will be a driving force for stable business operations of self-employed individuals with the industry's lowest fees." He added, "As demand for advance payment is increasing recently, we will operate a 24-hour service to actively resolve financial difficulties of small business owners and strengthen our position in the industry."
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