MiG

PaidIt

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logo BMWE
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logo Exist

Institution:

Freie Universität Berlin

Institut für Informatik

Dahlem Center for Machine Learning and Robotics

Leitung:

Mitarbeiter/innen:

Rotem Natan, Daniel Khayat, Eilon Elhadad

Förderung:

Gefördert vom Bundesministerium für Wirtschaft und Energie unter Förderkennzeichen: 03EGSSI012.

Projektlaufzeit:

01.12.2017 — 30.11.2018

Fax:

+49 30 838 465301

E-Mail:

The cost of consumer acquisition is very expensive for businesses. Bringing a new consumer costs about 20% of the customer revenue. Restaurants fail to maximize rush hours and an average restaurant loses 40% of its potential clients. Order and check-out take too much time. 75% of orders in restaurants are rush hours, with an average checkout of 12-15 minutes. 60% of customers abandoning lines when facing a 10 minutes line. Paidit manages the whole relationship between companies and businesses in the world of food & beverage hospitality. Companies load budgets directly to their employees accounts without using any external cards or wallets. The consumer enjoys a smooth shopping experience with split the bill, pay-at-table, order ahead and delivery functionalities.

Customers love it because it saves order time and speedsup checkout while leaving a restaurant/cafe/bar. Waiters love it because it makes their work easier by not having to deal with payments, and business owners love it since it generates additional revenues and allows them to better serve customers. With PaidIt businesses are not required to make any system changes since PaidIt easily connects with the POS (point of sale) at the business, while the consumers enjoy a smooth experience from the moment they enter the business, all the way through checkout.

For more information see the website of the project.