Foodpanda is an online platform where Foodpanda merchants or Foodpanda sellers can sell their products to the platform users. Because of this, sellers can reach more potential customers. As of this writing, their mobile app has 50 million downloads. If you are a restaurant or a shop owner, this is one of the fastest and most cost-efficient ways to promote your business. In this article, we will discuss the Foodpanda Merchant Application process and the requirements that you need to submit to become a Foodpanda seller.

Foodpanda Merchant Requirements

Foodpanda merchant application process is done online and the requirements will be submitted during the application process. Below are the 6 required documents to become a Foodpanda seller.

1. DTI Certificate of Business Name Registration
2. Other DTI Forms – Form 9, 13, or 49 whichever is applicable
3. BIR Certificate of Registraion
4. Valid Government Issued ID of Owner or the Person in Charge of the store
5. Halal Certification (if applicable)
6. Clear copy of your menu (Scanned or picture taken by a camera)

Sample Merchant Requirements

Related article: How to become a GrabFood Merchant

How to apply in Foodpanda as a Seller?

If you have the complete requirements already, you can now start the application process. Be sure to have all the requirements scanned because these will be uploaded during the application process. Once done, follow these steps to become a Foodpanda merchant.

1. Go to Foodpanda merchant registration page then fill up the registration form.
2. Foodpanda will review your requirements and then send the contract to you.
3. Review the contract, sign it then send it back to Foodpanda.
4. Upon submission, your shop will be available on Foodpanda app and then you can start selling.

Who can apply as Foodpanda Merchant?

To become a Foodpanda merchant, you must be of legal age and you must have a DTI registered business name and Certificate of Registration issued by the Bureau of Internal Revenue (BIR). Other than these document requirements, your restaurant or shop must also be in the areas where Foodpanda is operating.

Foodpanda Serviceable Areas

1. National Capital Region (NCR)
2. Tagaytay
3. Bacoor
4. Dasmarinas
5. Malolos
6. Meycauyan
7. Marilao
8. Cebu City
9. Davao City
10. Biñan
11. Iligan City
12. Ormoc City
13. Angeles
14. San Fernando
15. Rizal
16. Coronadal City

Foodpanda Merchant Fees

1. Foodpanda charges restaurants and shop owners a commission of 25% – 30% per transaction.
2. 1000 Pesos platform fee. If your revenue for using Foodpanda is less than 4,000, this platform fee can be waived.
3. Online payments made by the customer have a 2% payment gateway fee.
4. Phone calls made by customers via mobile app will incur additional charges.

Frequently Asked Questions

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For those exploring the idea or considering a switch in careers, the biggest question is always “is it worth it?”. In this article we walk you through the different duties and responsibilities of a financial advisor, and what’s in it for you. Let’s start with the biggest question, how much does a financial advisor make in the Philippines?

Financial Advisor’s Salary:

Being a financial advisor in the Philippines can pay really well with the benefit of having flexible hours as a wonderful perk of the business. Depending on the company they are associated with, a financial advisor’s income may or may not have a provided allowance. But they all definitely enjoy uncapped earnings from commissions. Life and health insurance plans have commission rates that can range from 20% to 60%. A common goal of a financial advisor is to earn P1,200,000 in a year to qualify for the prestigious title of being part of the Million Dollar Round Table (MDRT). In 2015 the Philippines had the most number of MDRT financial advisors in South East Asia according to the Insurance Commissioner, Atty. Dennis B Funa.

On average a financial advisor earns P350,000 and can go all the way up from there. A financial advisor is actually one of the top 10 highest-paying jobs in the Philippines. That being said, there is nothing such as easy money, being a financial advisor is still a job with responsibilities to carry out. But it’s not as hard as you think. 

Financial Advisor Job Duties and Responsibilities:

1. Prospecting potential clients

Being a financial advisor will involve reaching out to contacts and networking. A large part of this job involves selling and is the ultimate way to earn a commission. If this is new territory for you, no need to worry because training is always provided. Knowing who to approach, what to say, and when to introduce your services will eventually come naturally. 

2. Understanding a client’s financial goals

This discussion with clients will bring about confidential information on clients earnings and personal details about spending habits (good and bad). It is important to let the client know that you can be trusted and professional throughout the discussion. The financial advisor advocacy comes in with educating clients on the proper way to save and allocate investments to prepare for future events; both seen and unforeseen. This discussion with them will include breaking down their spending and ensuring that a portion is set aside for goals they have set for themselves.

3. Matching your products to what will best suit the client’s needs.

With giving expert advice, product knowledge will be vital to achieving the best outcome for a client’s set goals. Understanding what each product has to offer at a minimum and its potential outcome will be very important.

4. Make certain that the client understands how a product works. 

It is the responsibility of the financial advisor to educate the client on the risks and benefits involved in purchasing a specific plan. Each product type has a payment time frame that a client must commit to for his own benefit, and for the financial advisor to be able to receive his commissions also.

5. Monitoring accounts and administrative tasks.

Keeping track of client accounts and making recommendations if there is a shift in goals is part of the continued service you provide a client. There will be some forms that need to be updated in those instances, which can be done in person, online, or via courier. 

6. After-sales service and assistance if and when needed.

Similar to the previous item, there will be some after-sales service that will be provided. Switching payment methods, changing beneficiaries, or updating signatures are simple transactions you will need to carry out. On rare occasions, assisting in collecting insured amounts when an unexpected death or illness happens would be the most crucial of all.

Financial Advisory Career Outlook:

As with any new career or business, there will be challenges at the get-go. But a slow start or a fully charged beginning does not dictate the success that will be achieved in this career. By using techniques taught during training and continuous application, those who have grit will succeed. This pandemic has reminded people of the fragility of life and the importance of preparing for the unexpected. The insurance industry is almost 200 years old in the Philippines, proving that it’s here to stay and support the Filipino people through its financial advisors.