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In a highly competitive Third Party Logistics industry, comprehensive payment management is critical for success. Third Party Logistics need to constantly update themselves with newest payment acceptance methods. Biggest challenge faced by a Third Party Logistics is to settle collected money seamlessly into the merchant’s bank account after charging their commission. Ezetap with its Multi TID solution allows Third Party Logistics to collect multi-party payments in any form through a single ultra-portable device resulting in cost efficiency and higher employee productivity.
Multi-TID – Use case illustrations: 

Bob Biswas runs a collection service that collects premium from customers at their doorstep, on behalf of general insurance companies. Customers usually prefer paying using cards, and one agent collects premium for multiple insurance companies during his trip. IRDA mandates that the premium payment should happen directly to the insurance company. Should Bob’s delivery agents carry multiple bulky GPRS EDC machines to accept premium payments through cards for different insurance companies? Is there a simpler solution?

Mr. Agarwal’s 3PL company handles logistics for many of the top e-Commerce companies in India. While payment collection is not his business’ core competence much time and resources are spent on payment management, reporting, settlement and reconciliation with different e-Commerce companies. Can Mr. Agarwal rely on a trusted specialized partner to handle payments for him?

Benefits of Multi-TID

1. Segregated reporting, unified view
2. Lower total cost of ownership and operation costs
3. Consistent payment experience for customers
4. Elimination of the hassle of payment management
5. Scalable and future-proof payment infrastructure
6. Higher agent productivity
7. Better cost efficiency with optimal cash management
8. Seamless, scalable integrations
To know Multi-TID in greater detail, please click to download the PDF version of document 

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