PayPal Cooks Up Success with Bistros, Food Trucks (April 1, 2014)
PayPal is expanding its reach by getting on the menu as a payment option at small bistros and food trucks around the world that are switching to tablet-based POS systems. TabTill, a London-based firm targeting shops and restaurants with its cloud-based tablet POS system, today announced it has integrated its mobile checkout system with PayPal. TabTill’s app links with PayPal’s app, so customers may pay using their iOS or Android smartphones, TabTill said. TabTill, serving 798 merchants in North America, Europe, Australia and New Zealand, offers the first 100 transactions for free; thereafter merchants pay a flat fee of 2.75 percent per transaction. With the pro version of TabTill, merchants pay £19.99 (US$33) monthly and no transaction fees.
Meanwhile, Toronto-based TouchBistro also has integrated PayPal as another payment option for its iPad-based POS system for small restaurants, bars and food trucks. TouchBistro users opting to pay via PayPal check into an establishment via PayPal’s mobile app, place their orders and pay by swiping their smartphone screens. About 50 food outlets in Toronto are using TouchBistro, which charges merchants a flat fee of $39.99 a month and no per-transaction fees. TouchBistro recently closed $6 million in funding from Walden Venture Capital and Kensington Capital Partners.
Tablet-based POS systems are gaining momentum in the restaurant industry and attracting mounting funds from venture capitalists and other investors. Tabbedout, the Austin, Texas-based mobile checkout system for restaurants, closed $7.75 million last year in venture capital, while Boston-based Leaf last year notched a $20 million investment