[Tech] O2O platform additional service

ReapChain(REAP)
ReapChain Official
Published in
4 min readAug 24, 2022

Summer vacation? With REAPCHAIN!
Hello ~ everyone. Are you guys enjoying your summer vacation?

Today we will learn about the O2O platform's additional service.

a. Integrated settlement and revenue omission prevention service: ReapPay's integrated settlement service is a service that automates the need to manually fill out and fill out PG and VAN credit card sales data through data scraping technology. Scraping technology automatically collects data from Internet websites (PG and VAN companies) on arbitrary screens without the user's web browsing.

< Example of integrated settlement service >
< Example of sales omission prevention notification service >

ReapPay provides a free service that receives basic information of affiliates through an integrated settlement service based on scraping technology and transmits the previous day's approval amount and today's deposit amount (by a credit card company, approval date) through notification talk. The sales omission prevention notification talk service improves the inconvenience of merchants caused by different payment dates for each card company.

In addition, it allows you to check sales at a glance and prevent sales omissions easily. In addition, unlike existing solutions, you can check sales by the card company and sales of delivery apps at a glance, so there is no need to check merchant sites such as BAEDAL-MINJOK and YOGIYO. You can check all sales at once through the manager page. (It is possible to prevent omission of sales by comparing the payment contents of 'delivery platform/delivery brokerage platform/delivery agent')

b. Next day payout (Pre-settlement) service: ReapPay transfers the

same-day order approval amount to the next day through the 'Nextday payout Service' to solve the inconvenience of situations in which settlement dates are different for each PG company or delivery brokerage app and to increase cash flow at merchants we provide a pre-settlement service that deposits money directly tomorrow.

< Picture12. Pre-settlement service flow chart >

- The existing payment method has many difficulties in securing cash flow as it takes from 4 to 15 days from the settlement due to the complicated structure of the procedure.

- ReapPay affiliates can settle and receive the amount that is individually settled according to the settlement date of the PG company or the delivery brokerage app the next day after sales occur. As a result, stable business operation is possible because it can procure operating funds such as payment and labor costs.

- Although the card company pre-settlement service already exists, the pre-order service for a delivery app is the first in Korea. Moreover, you can use the service at the lowest fee through affiliated financial institutions.

c. Customized Advertising (Push) Service: According to the customer's location, a customized advertising service that provides events and advertising services from nearby stores can attract customers and naturally increase sales. When a merchant registers and sets an advertisement, an advertisement with matching conditions is sent to the user's smartphone (within a certain radius) by push, increasing the likelihood of consumption when exposed to ads.

< Picture13. Flow chart of customized advertisement service >

- If you are a ReapPay merchant, you provide an opportunity to expose products and events to all users.

  • Based on customer data such as purchase history, we provide customized advertisements by analyzing customer propensity to increase sales of affiliated stores naturally.

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